In the dynamic automotive industry, the friction brake system market is witnessing notable trends driven by technological advancements, safety regulations, and changing consumer preferences. Friction brake systems, crucial for vehicle safety, have undergone significant developments to enhance performance, durability, and efficiency. One prominent trend in this market is the increasing demand for disc brakes over traditional drum brakes. Disc brakes offer superior stopping power, heat dissipation, and are better suited for high-performance vehicles, contributing to their growing popularity among consumers.
Moreover, the growing emphasis on vehicle safety standards and regulations worldwide is driving the adoption of advanced braking technologies. Governments and regulatory bodies are mandating the implementation of safety features such as anti-lock braking systems (ABS), electronic stability control (ESC), and autonomous emergency braking (AEB) systems. These regulations are pushing automotive manufacturers to integrate advanced friction brake systems with electronic components to improve vehicle safety and reduce the risk of accidents.
Additionally, there is a rising trend towards lightweight materials and designs in friction brake systems to enhance fuel efficiency and reduce emissions. Manufacturers are exploring innovative materials such as carbon-ceramic composites and aluminum alloys to develop lighter and more durable brake components. These lightweight brake systems not only contribute to improved vehicle performance but also align with the industry's efforts towards sustainability and environmental conservation.
Furthermore, the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) is influencing the friction brake system market. Unlike internal combustion engine vehicles, EVs and HEVs utilize regenerative braking systems that harness kinetic energy during deceleration to recharge the battery. As a result, there is a shift towards integrating regenerative braking systems with traditional friction brakes to optimize energy recovery and extend the vehicle's range. This trend presents new opportunities for brake system manufacturers to develop innovative solutions tailored to the unique requirements of electric and hybrid vehicles.
In terms of regional trends, Asia Pacific is emerging as a significant market for automotive friction brake systems, driven by the rapid growth of the automotive industry in countries like China, India, and Japan. Rising vehicle production, increasing disposable income, and urbanization are fueling the demand for passenger cars and commercial vehicles equipped with advanced braking technologies. Similarly, North America and Europe remain key markets for friction brake systems, characterized by stringent safety regulations and a strong focus on vehicle performance and innovation.
Despite the promising outlook, the friction brake system market faces several challenges, including intense competition, pricing pressures, and supply chain disruptions. Automotive manufacturers are under pressure to reduce costs while maintaining high-quality standards, leading to increased consolidation and partnerships within the industry. Moreover, the ongoing global semiconductor shortage has impacted the production of electronic components used in advanced braking systems, affecting supply chains and production schedules.
In conclusion, the automotive friction brake system market is undergoing significant transformations driven by technological advancements, safety regulations, and evolving consumer preferences. The adoption of advanced braking technologies, lightweight materials, and integration with electronic systems are reshaping the landscape of the automotive industry. As the automotive industry continues to evolve towards electrification and automation, friction brake system manufacturers must innovate and adapt to meet the changing demands of vehicle manufacturers and consumers while ensuring safety, performance, and sustainability.
Report Attribute/Metric | Details |
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Market Opportunities | Disc brakes Drum brakes |
The Automotive friction brakes system Market is projected to reach USD 45,600 Million by 2030 from an estimated USD 20.9 billion in 2021, at a CAGR of 5.4% during the forecast period. Factors such as the rollout of stringent safety regulations, the adoption of high-end and luxury cars, and the growing adoption of air disc brakes in commercial vehicles are expected to drive the automotive friction brakes system market demand.
The stopping distance requirement will be 310 feet for a few very heavy severe service tractors under these same conditions. In addition, this final rule requires that all heavy truck tractors stop within 235 feet when loaded to their "lightly loaded vehicle weight" (LLVW). Also, around 60-90% of the vehicle's stopping power comes from the front wheels.
The automotive industry plays a crucial role in building the global economy. However, the COVID-19 outbreak disrupted the entire automotive supply chain globally during the second and third quarters of 2020, impacting new vehicle sales in FY 2020. According to OICA and MarketsandMarkets analysis, vehicle production (including LDV and HDV) witnessed a decline of 19.6% in 2020. The pandemic presented an uncertain recovery timeline for the automotive industry due to lockdowns and shutdowns of manufacturing facilities in various parts of the world. The automotive industry faced four significant challenges amid COVID-19—limited supply of vehicle parts, reduced sales of new vehicles, the shutdown of production facilities, and a decline in working capital. As the automotive friction brakes system market is dependent on the production of vehicles, this market is expected to be impacted due to the outbreak.
In August 2013, the National Highway Traffic Safety Administration (NHTSA) amended the Federal Motor Vehicle Safety Standard (FMVSS) 121 air automotive friction brakes systems to improve the stopping distance performance of truck tractors. The rule requires most new heavy truck tractors to achieve a 30% reduction in stopping distance compared to currently required levels. In addition, for these heavy truck tractors (approximately 99% of the fleet), the amended standard requires those vehicles to stop in not more than 250 feet when loaded to their gross vehicle weight rating (GVWR) and tested at a speed of 60 miles per hour (mph).
Advanced braking technologies involve the complex interlinking of electronic and mechanical systems. ABS requires the presence and functioning of additional components such as sensors, pumps, valves, and controllers, and thus, they are more expensive than conventional braking systems. For instance, according to the information stated by the National Academies of Sciences, Engineering, and Medicine, the Transportation Research Board (TRB), the cost of implementing ESC on vehicles with anti-lock braking systems can be USD 50 per vehicle. In addition, an ABS is expensive to maintain as sensors on each wheel can cost hundreds of dollars. For instance, according to Repair Smith, the stimulated average cost of ABS module replacement is USD 300-1,000.
The Brake-by-wire system is a prominent part of the market and is one of the latest technologies that help achieve weight reduction targets. The brake-by-wire system helps in eliminating mechanical linkages between a system. It replaces them with electric wires, motors, and actuators to help reduce the weight and improve the system's response time. Furthermore, in a brake-by-wire system, other brake assistance technologies, including antilock braking system (ABS), electronic stability program (ESP), electronic parking brake, and electronic traction control (ETC), among the Rest, can be integrated, thereby eliminating the hardware used in such systems and reducing the weight of vehicles. Therefore, it is expected to drive the adoption of brake-by-wire Technology in the coming years.
The automotive friction brakes system market has been segmented based on the following to meet the rising needs of the global target audience that is mentioned as follows:
The Asia Pacific is projected to be the most prominent automotive friction brakes system market during the forecast period. The market in the Asia Pacific is expected to grow due to the increasing adoption of advanced safety electronic braking systems such as ABS, ESC, and TCS. In addition, the growing collaboration between local players and global players is driving the production of air disc brakes in the region. Also, increasing sales of premium and luxury vehicles in the region drive the automotive friction brakes system market.
On the other hand, the penetration of electronic braking systems in the Rest of Asia Pacific is limited and is not a mandatory feature. For example, Thailand has a higher penetration of ABS and ESC than Indonesia and Malaysia. But the existence of collaborations between local and global NCAPs are driving the popularity of advanced electronic braking systems. Also, the Government of Malaysia had announced the mandatory fitment of ESC in new passenger cars in June 2018. Thus, considering the abovementioned factors, the Rest of the Asia Pacific automotive friction brakes system market is expected to witness growth.
The global automotive friction brakes system market includes players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p.An (Italy), ADVICS Co., Ltd. (Japan). These global market companies have strong distribution networks at a global level and offer an extensive product range. In addition, they have adopted strategies of new product development, acquisition, and contracts & partnerships to sustain their market position.
All passenger cars and light commercial vehicles run on a hydraulic automotive friction brakes system. This braking system works well in passenger cars with light construction and low overall weight. Additionally, hydraulic automotive friction brakes systems are the most accessible systems to repair due to the readily available brake parts in the aftermarket. The Asia Pacific is the largest hydraulic brake market. As the hydraulic brake market is directly linked to vehicle production, China and India are expected to hold the most significant market shares in the Asia Pacific. Also, the Asian Pacific region is the second-fastest-growing hydraulic brake market, considering the growing adoption of hydraulic brakes in passenger cars and light commercial vehicles.
In July 2019, Continental and Knorr-Bremse entered into a partnership toward highly automated commercial vehicle driving for automated platooning (i.e., driving in a column). The cooperation partners show with this Platooning Demonstrator what driving functions they can develop for automated driving jointly with the vehicle manufacturers. It includes the formation of platoons, driving together, the emergency braking function, exiting by individual vehicles, and safe splitting up of the entire platoon.
In March 2020, ZF launched an industry-first Front Electric Park Brake, extending the range of Electric Park Brake (EPB) systems to a broader range of vehicles. The solution equips car manufacturers to equip smaller vehicles with an advanced braking system and design their interior without the classic handbrake lever or park brake pedal.
In November 2020, TRW's (ZF's aftermarket brand) market product portfolio for the independent aftermarket was expanded in the two-piece brake disc segment. These brake discs are also available for various Mercedes-Benz C- and E-Class models.
The market ecosystem comprises raw materials suppliers, component/part manufacturers, automotive friction brakes system manufacturers, and OEMs. Disc and drum brakes are equipped with friction materials called brake pads and brake linings. Parts manufacturers provide ABS control modules, master cylinders, brake boosters, brake pedals, wheel speed sensors, etc. Automotive friction brakes system manufacturers/system integrators then procure these parts or components from suppliers to design an automotive friction brakes system market product according to OEM requirements. Finally, EMoems directly deploy these systems and install them in their vehicle models.
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