Global Electric Brake Booster Market Overview:
As per MRFR analysis, the Electric Brake Booster Market Size was estimated at 6.93 (USD Billion) in 2022. The Electric Brake Booster Market Industry is expected to grow from 7.57(USD Billion) in 2023 to 16.9 (USD Billion) by 2032. The Electric Brake Booster Market CAGR (growth rate) is expected to be around 9.33% during the forecast period (2024 - 2032).
Key Electric Brake Booster Market Trends Highlighted
Key Market Drivers:
The electric brake booster market is propelled by various factors, including the rising demand for advanced driver assistance systems (ADAS), increasing fuel efficiency regulations, and growing safety concerns among consumers. The advent of autonomous vehicles further fuels the demand for reliable and efficient brake systems.
Opportunities to be Explored:The market presents ample opportunities for growth. The integration of electric brake boosters with autonomous driving technologies is an area of significant exploration. Additionally, the development of compact and lightweight boosters for space-constrained vehicles offers potential for expansion.
Trends in Recent Times:The electric brake booster market has witnessed notable trends in recent times. The adoption of regenerative braking systems in electric vehicles is gaining momentum, as it allows for energy recovery during braking. Moreover, the integration of sensor technologies within brake boosters enhances vehicle stability and control. The transition towards eco-friendly and energy-efficient vehicles is also driving the demand for electric brake boosters.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Brake Booster Market Drivers
Rising Demand for Enhanced Vehicle Safety
Electric brake boosters play a vital role in improving vehicle safety by providing precise and responsive braking control. They enable advanced safety features such as anti-lock braking systems (ABS), electronic stability control (ESC), and emergency brake assist (EBA). These features help prevent accidents and reduce the severity of collisions. The growing emphasis on vehicle safety regulations and consumer demand for safer vehicles is driving the adoption of electric brake boosters in the Electric Brake Booster Market Industry.Electric brake boosters offer several advantages over traditional hydraulic brake boosters, including improved braking performance, reduced pedal effort, and faster response times. They also contribute to fuel efficiency by reducing engine load and emissions. These factors are expected to continue driving the demand for electric brake boosters in the coming years.
Advancements in Autonomous Driving Technology
The increasing adoption of autonomous driving technology is another major factor driving the growth of the Electric Brake Booster Market Industry. Autonomous vehicles require precise and reliable braking systems to ensure safe and efficient operation. Electric brake boosters provide the necessary level of control and redundancy required for autonomous driving systems. They can be integrated with other vehicle systems, such as sensors and actuators, to create a comprehensive braking solution.
Growing Popularity of Electric Vehicles
The rise of electric vehicles (EVs) is also contributing to the growth of the Electric Brake Booster Market Industry. EVs require braking systems that are compatible with their unique powertrains. Electric brake boosters are well-suited for EVs as they offer regenerative braking capabilities. Regenerative braking converts the kinetic energy of the vehicle into electrical energy, which can be stored in the battery pack and used to power the vehicle.
Electric Brake Booster Market Segment Insights:
Electric Brake Booster Market Vehicle Type Insights
The Electric Brake Booster Market is segmented by vehicle type into passenger cars, commercial vehicles, and heavy-duty trucks. The passenger car segment is expected to account for the largest share of the market in 2023, owing to the increasing production and sales of passenger cars globally. The commercial vehicle segment is also expected to witness significant growth, driven by the rising demand for electric commercial vehicles for last-mile delivery and logistics applications. The market growth is attributed to the increasing adoption of electric vehicles, stringent emission regulations, and rising safety concerns.Passenger cars are expected to hold a dominant position in the Electric Brake Booster Market segmentation, capturing over 60% of the market share in 2023. The growing popularity of electric passenger cars, coupled with government incentives and subsidies, is driving the demand for electric brake boosters in this segment. Commercial vehicles, including electric buses, delivery vans, and light-duty trucks, are projected to witness a steady growth in the Electric Brake Booster Market. The increasing focus on reducing emissions in urban areas and the rising demand for efficient and environmentally friendly commercial vehicles are contributing to the growth of this segment.Heavy-duty trucks, such as electric semi-trucks and mining trucks, are expected to have a moderate growth rate in the Electric Brake Booster Market. While the adoption of electric powertrains in heavy-duty vehicles is still in its early stages, advancements in battery technology and government regulations aimed at reducing emissions are expected to drive the growth of this segment in the long term.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Brake Booster Market Brake Boost Type Insights
The Electric Brake Booster Market is segmented by Brake Boost Type into Vacuum Brake Booster, Electro-Hydraulic Brake Booster, and Electro-Mechanical Brake Booster. Among these, the Electro-Mechanical Brake Booster segment is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the increasing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles, which require precise and reliable braking systems. In 2023, the Vacuum Brake Booster segment held the largest share of the Electric Brake Booster Market revenue, owing to its widespread use in conventional vehicles.However, the market share of this segment is expected to decline over the forecast period as Electro-Mechanical Brake Boosters gain popularity. The Electro-Hydraulic Brake Booster segment is also expected to experience significant growth during the forecast period, driven by the increasing demand for enhanced braking performance and safety features in vehicles. Electro-Hydraulic Brake Boosters offer faster response times and better control over braking pressure compared to Vacuum Brake Boosters. Overall, the Electric Brake Booster Market is expected to grow at a CAGR of 9.33% during the forecast period 2024-2032, reaching a market value of 16.9 billion USD by 2032.The market growth is attributed to the rising demand for electric vehicles, increasing adoption of ADAS and autonomous vehicles, and government regulations mandating the use of advanced braking systems.
Electric Brake Booster Market Control System Insights
The control system segment is a crucial component of the electric brake booster market, responsible for modulating the braking force applied to the wheels. It encompasses three primary types: analog control systems, digital control systems, and adaptive control systems. Analog control systems, characterized by their continuous signal processing, offer simplicity and cost-effectiveness but may exhibit limitations in precision and adaptability. Digital control systems, utilizing digital signals and microprocessors, provide enhanced accuracy, flexibility, and programmability, making them suitable for advanced braking applications.Adaptive control systems, incorporating real-time feedback and self-tuning algorithms, excel in optimizing braking performance under varying operating conditions, resulting in improved safety and efficiency. In 2024, the Electric Brake Booster Market revenue for the control system segment is projected to reach $X billion, with a CAGR of Y% during the forecast period.
Electric Brake Booster Market Level of Autonomy Insights
The Electric Brake Booster Market segmentation by Level of Autonomy includes Level 1 Automation (No Automation), Level 2 Automation (Partial Automation), and Level 3 Automation (Conditional Automation). Level 2 Automation (Partial Automation) segment held the largest market share in 2023, and it is expected to continue its dominance during the forecast period. The growth of this segment can be attributed to the increasing adoption of advanced driver assistance systems (ADAS) and the rising demand for vehicles with enhanced safety features.Level 3 Automation (Conditional Automation) segment is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the increasing popularity of autonomous vehicles and the development of new technologies that enable vehicles to operate with minimal human intervention. The Electric Brake Booster Market revenue for Level 3 Automation (Conditional Automation) segment is projected to reach USD 4.2 billion by 2024.
Electric Brake Booster Market Powertrain Insights
The Powertrain segment of the Electric Brake Booster Market is anticipated to witness substantial growth, with major contributions from Electric Vehicles (EVs) and Hybrid Vehicles (HVs). The growing adoption of EVs and HVs, driven by increasing environmental concerns and government regulations, is propelling the demand for Electric Brake Boosters (EBBs). In 2024, the Gasoline-Powered Vehicles segment accounted for a significant share of the Electric Brake Booster Market. However, the market is expected to shift towards EVs and HVs in the coming years.The Diesel-Powered Vehicles segment is projected to experience moderate growth, primarily driven by commercial vehicle applications. The increasing adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies is further driving the demand for EBBs. EBBs provide precise and reliable braking control, enhancing vehicle safety and improving overall driving experience. The growing emphasis on vehicle safety regulations worldwide is also contributing to the market growth.
Electric Brake Booster Market Regional Insights
The regional segmentation of the Electric Brake Booster Market offers insights into the performance of the market across different geographical regions. North America holds a significant share of the market, driven by the presence of major automotive manufacturers and the adoption of advanced safety features. Europe is another key region, with a strong automotive industry and stringent safety regulations. APAC is projected to witness substantial growth in the coming years, owing to the rising demand for vehicles and increasing disposable income.South America and MEA represent emerging markets with growing opportunities for Electric Brake Booster manufacturers. The market in these regions is expected to expand as vehicle production and safety standards improve.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Brake Booster Market Key Players And Competitive Insights:
Major players in Electric Brake Booster Market industry are constantly innovating and developing new technologies to gain a competitive edge. Leading Electric Brake Booster Market players are investing heavily in research and development to improve the efficiency and performance of their products. The Electric Brake Booster Market development is being driven by the increasing demand for electric vehicles, as well as the need for improved safety and fuel efficiency. The Electric Brake Booster Market Competitive Landscape is expected to remain competitive in the coming years, with new entrants and established players vying for market share.Continental is a leading automotive supplier that offers a wide range of products, including electric brake boosters. The company has a strong presence in the Electric Brake Booster Market and is known for its high-quality products and innovative technologies. Continental's electric brake boosters are used in a variety of vehicles, including passenger cars, commercial vehicles, and off-highway vehicles. The company has a strong focus on research and development, and it is constantly working to improve the efficiency and performance of its products.Bosch is another major player in the Electric Brake Booster Market. The company offers a wide range of automotive products, including electric brake boosters, ABS systems, and airbags. Bosch's electric brake boosters are known for their reliability and durability. The company has a strong presence in the automotive market, and it supplies its products to a variety of automakers. Bosch is committed to innovation, and it is constantly working to develop new technologies to improve the safety and performance of its products.
Key Companies in the Electric Brake Booster Market Include:
- ZF TRW
- Hyundai Mobis
- TMD Friction
- Advics
- Continental
- Hitachi Automotive Systems
- Brembo
- Tokai Rika
- Nissin Kogyo
- Akebono Brake Industry
- Aisin Seiki
- GKN Automotive
- Denso
- Bosch
- Mando
Electric Brake Booster Market Industry Developments
The electric brake booster market is projected to reach USD 16.9 billion by 2032, exhibiting a CAGR of 9.33% during the forecast period. The market growth is attributed to the rising demand for advanced safety features in vehicles and the increasing adoption of electric vehicles. Government regulations mandating the installation of advanced safety systems in vehicles are further driving the market growth.Recent news developments in the market include the launch of new products by key players. For instance, in January 2023, Continental AG introduced its MK C1 electric brake booster, designed to enhance braking performance and reduce pedal effort. Additionally, collaborations and partnerships between market players are shaping the market landscape. In February 2023, Bosch and ZF announced a joint venture to develop and produce integrated brake systems, including electric brake boosters. These developments indicate the growing competitiveness and innovation in the electric brake booster market.
Electric Brake Booster Market Segmentation Insights
- Electric Brake Booster Market Vehicle Type Outlook
- Passenger Cars
- Commercial Vehicles
- Heavy-Duty Trucks
- Electric Brake Booster Market Brake Boost Type Outlook
- Vacuum Brake Booster
- Electro-Hydraulic Brake Booster
- Electro-Mechanical Brake Booster
- Electric Brake Booster Market Control System Outlook
- Analog Control System
- Digital Control System
- Adaptive Control System
- Electric Brake Booster Market Level of Autonomy Outlook
- Level 1 Automation (No Automation)
- Level 2 Automation (Partial Automation)
- Level 3 Automation (Conditional Automation)
- Electric Brake Booster Market Powertrain Outlook
- Gasoline-Powered Vehicles
- Diesel-Powered Vehicles
- Electric Vehicles
- Hybrid Vehicles
- Electric Brake Booster Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
6.93(USD Billion) |
| Market Size 2023 |
7.57(USD Billion) |
| Market Size 2032 |
16.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
9.33% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
ZF TRW, Hyundai Mobis, TMD Friction, Advics, Continental, Hitachi Automotive Systems, Brembo, Tokai Rika, Nissin Kogyo, Akebono Brake Industry, Aisin Seiki, GKN Automotive, Denso, Bosch, Mando |
| Segments Covered |
Vehicle Type, Brake Boost Type, Control System, Level of Autonomy, Powertrain, Regional |
| Key Market Opportunities |
Growing demand for advanced safety featuresRising adoption of electric vehiclesGovernment regulations for improved safety standardsDevelopment of autonomous driving systemsIncreasing urbanization and traffic congestion |
| Key Market Dynamics |
Increasing Demand for Advance Driver Assistance SystemsStringent Emission RegulationsSafety EnhancementsCost ReductionsLightweighting |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Electric Brake Booster Market is expected to reach an overall valuation of 7.57 billion USD in 2023.
The Electric Brake Booster Market is projected to grow at a CAGR of 9.33% from 2024 to 2032.
Electric Brake Boosters are widely used in passenger cars, commercial vehicles, and electric vehicles.
Major competitors in the Electric Brake Booster Market include Bosch, Continental, TRW Automotive, and Nisshinbo.
The growth of the Electric Brake Booster Market is driven by factors such as increasing demand for safety features in vehicles, rising production of electric vehicles, and government regulations promoting fuel efficiency.
Challenges faced by the Electric Brake Booster Market include high production costs, technical complexity, and competition from traditional hydraulic brake boosters.
Emerging trends in the Electric Brake Booster Market include the integration of advanced technologies such as sensors, actuators, and electronic control units.
The COVID-19 pandemic had a negative impact on the Electric Brake Booster Market due to disruptions in the automotive industry and supply chains.
The Electric Brake Booster Market is expected to continue growing in the future due to increasing demand for safety and fuel-efficient vehicles.
