Brake-by-Wire System Market
Brake-by-Wire System Market Study by Hydraulic or Wet Type and Electronic or Dry Type through OEMs and Aftermarket Sales Channels From 2024 to 2034
Analysis of Brake-by-Wire System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Brake-by-Wire System Market Outlook (2024 to 2034)
Expanding at a CAGR of 6.8%, the global brake-by-wire system market is projected to increase from a valuation of US$ 9.66 billion in 2024 to US$ 18.64 billion by 2034.
The BBW market has grown significantly in recent years, mostly as a result of the trend of automotive system components becoming smaller. By replacing conventional mechanical components in braking systems with electronic ones, this technological advancement is increasing efficiency, performance, and safety.
The break-by-wire system industry outlook is showing bullish prospects due to the growing miniaturization of components. The drive for smaller and lighter car designs is contributing to the rise in BBW use. The need for lighter and more compact parts has increased as manufacturers work to improve fuel economy and lower emissions.
As per the break-by-wire system industry analysis, miniaturization makes it possible to include electronic braking systems in cars without significantly increasing their weight, which reduces total weight and boosts fuel economy. This supports international initiatives to create more environmentally friendly and sustainable modes of transportation.
Modern sensing and control technologies are integrated into braking systems because of downsizing. Smart braking system installation is made easier by the growing size and power of electronic components, such as sensors and microcontrollers. These systems provide real-time data for accurate and flexible braking management by continually monitoring a number of characteristics, including wheel speed, vehicle dynamics, and driver inputs.
The market's expansion is also being significantly influenced by technical developments in automobile electronics. Advances in electronic control units (ECUs), actuators, and sensor technologies are improving brake-by-wire systems' dependability and efficiency.
It is anticipated that ongoing research & development efforts by major industry participants to lower costs and increase system efficiency further support market growth. Furthermore, new prospects for market expansion are being generated by the growing trend of vehicle electrification and the incorporation of the Internet of Things (IoT) into automotive systems.
| Report Attribute | Detail |
|---|---|
| Brake-by-Wire System Market Size (2024E) | US$ 9.66 Billion |
| Forecasted Market Value (2034F) | US$ 18.64 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.8% CAGR |
| East Asia Market Value (2024E) | US$ 2.42 Billion |
| Mexico Market Value (2034F) | US$ 349.8 Million |
| Aftermarket Segment Growth Rate (2024 to 2034) | 6.8% CAGR |
| United States Market Value (2034F) | US$ 2.72 Billion |
| Key Companies Profiled | KSR international; Brembo S.P.A; ADVICS; HYUNDAI MOBIS; ZF Friedrichshafen; Wabco Holdings Inc; Robert Bosch Gmbh; Hitachi Automotive System Americas; Nissin Kogyo Co., Ltd.; Haldex. |
The wide application in electric vehicles is contributing to higher demand for the brake-by-wire systems. Moreover, the brake-by-wire system is also common in the form of an electric park brake that is widely used across mainstream vehicles.
Automotive companies, with the launch of electric cars, are using the brake-by-wire system on a large scale. Recently, Audi released an E-tron electric vehicle with a brake-by-wire system, which is electrohydraulic. Toyota’s Prius Hybrid and Estimate Hybrid are also using a brake-by-wire system.
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Drivers: Increased Efficiency Driving Brake-The-Wire Systems Demand
Owing to the rise in electric vehicle development and sales, manufacturers in the brake-by-wire system market are also focusing on developing an advanced system to offer a unique product and increase sales. For instance, Continental developed a new brake-by-wire system with brake technology that is based on a 12V electrical system.
The braking efficiency and effectiveness offered by the brake-by-wire system, as compared to the traditional braking system, is driving the demand. Manufacturers are developing brake-by-wire systems, including sub-systems and electronic components, such as actuators, sensors, and control units, to analyze vehicle data correctly.
The brake-by-wire system also helps to gather vehicle data from different sensors in the vehicle, which allows the brake-by-wire system to react quickly, thereby reducing the stopping distance. Due to continuously ongoing developments, the brake-by-wire system industry outlook is positive as efficiency is increasing. This is leading to the wide adoption of these systems by automotive manufacturers, as stated in the brake-by-wire system industry outlook.
Trend: Growing Focus Failure Proof Electronic Braking Systems
As per the recent brake-by-wire system industry analysis, there are chances of technical issues related to the braking of electronic systems that have raised the need for fail-proof systems. Braking systems are seen as reliable, and it is anticipated that their adoption will increase globally in the automotive sector in the forecast duration.
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Restraints in Penetration of Brake-by-Wire Systems
Considering the acceptance of the widest usage brake-by-wire systems in electric vehicles, companies are expected to see a rising demand trajectory. However, the lack of customer acceptance of electric vehicles is the cause of concern for brake-by-wire systems. There are deterrents, including lacking charging infrastructures and the reliability of systems in electric vehicles, causing the decline in sales of these segments. The global player in this field are facing challenges in achieving the finest outcomes.
Talent attraction and retention is emerging as a key challenge faced by automotive sector players. Transforming consumer interests in more personalization and digitization, there is also an increase in demand for advanced technological solutions for the delivery of better car driving experiences. Supply chain disruptions are also faced by several manufacturers, as mentioned in the brake-by-wire system industry analysis.
Region-Wise Analysis
“North America to Lead in Global Brake-by-Wire System Market”
North America is the leading region in global brake-by-wire systems. A country, such as Canada is expected to remain an important revenue-creating region in the forecast period. There is the majority of automotive players focused in the North American region leading to creating scope for dominance in the forecast duration.
The prominent market players in the area are putting emphasis on innovation that is estimated to accommodate well for regional markets. The rising adoption of electric vehicles by more people in the United States is another reason for the shoot-up of demand for brake-by-wire systems in the upcoming years.
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Segment-Wise Analysis
Based on the type, the Electro-hydraulic model of brake-by-wire is widely used in the automotive sector owing to its ability to perform braking in high pressure, in contrast to traditional systems. The hydraulic breaks work under 800 PSI pressure, while electro-hydraulic breaks are able to perform at 2000 PSI making it widely preferred.
Original equipment manufacturer parts are matching with the vehicles and are of the same quality as the original car components. However, these parts are the most expensive. The anticipated share of aftermarket parts sales is dominating OEMs due to wide availability and cheaper prices. There are more options in aftermath materials due to more players involved in the competition.
Competitive Analysis
“Technology Driving Market Competition”
The market for the Brake-by-wire system is moderately fragmented because of the presence of key players. The necessity for improving brake-by-wire system reliability and performance has become one of the main areas of focus for automotive brake manufacturers.
More modern technologies are being introduced from time to time, which are intended to enhance the performance of the brake-by-wire system. This makes way for the manufacturers to deliver more efficient, newer generation, and technologically advanced brake-by-wire systems during the forecast period. Leading companies in the industry are opting for collaborations among themselves for the expansion of their customer base.
The research report presents a comprehensive assessment of the brake-by-wire market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments, such as geographies, applications, and industries.
- Yandex partners with Hyundai Mobis to develop driverless cars. Both companies have signed an MoU for the joint development of a control system for driverless cars. The prototype of a driverless vehicle was launched in 2019.
- Volvo has developed new hybrid powertrains for their cars. The automaker will also energy recovery braking system along with the brake-in-wire system acting as the interface between brakes and a brake pedal.
Segmentation of Brake-by-Wire System Market Research
-
By Product Type :
- Hydraulic or Wet Type
- Electronic or Dry Type
-
By Sales Channel :
- OEMs
- Aftermarket
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Type
- 6.2. Sales Channels
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Hydraulic or Wet type
- 7.2. Electronic or Dry type
- 8. Global Market Analysis and Forecast, By Sales Channels
- 8.1. OEMs
- 8.2. Aftermarket
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Type and Sales Channels for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. KSR International
- 19.2. Brembo S.P.A
- 19.3. ADVICS
- 19.4. HYUNDAI MOBIS
- 19.5. ZF Friedrichshafen
- 19.6. Wabco Holdings Inc
- 19.7. Robert Bosch Gmbh
- 19.8. Hitachi Automotive System Americas
- 19.9. Nissin Kogyo Co., Ltd
- 19.10. Haldex
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List Of Table
Table 01: Global Market US$ Bn Forecast by Region
Table 02: Global Market US$ Bn Forecast by Type
Table 03: Global Market US$ Bn Forecast by Sales Channels
Table 04: North America Market US$ Bn Forecast by Country
Table 05: North America Market US$ Bn Forecast by Type
Table 06: North America Market US$ Bn Forecast by Sales Channels
Table 07: Latin America Market US$ Bn Forecast by Country
Table 08: Latin America Market US$ Bn Forecast by Type
Table 09: Latin America Market US$ Bn Forecast by Sales Channels
Table 10: Western Europe Market US$ Bn Forecast by Country
Table 11: Western Europe Market US$ Bn Forecast by Type
Table 12: Western Europe Market US$ Bn Forecast by Sales Channels
Table 13: Eastern Europe Market US$ Bn Forecast by Country
Table 14: Eastern Europe Market US$ Bn Forecast by Type
Table 15: Eastern Europe Market US$ Bn Forecast by Sales Channels
Table 16: Asia Pacific Market US$ Bn Forecast by Country
Table 17: Asia Pacific Market US$ Bn Forecast by Type
Table 18: Asia Pacific Market US$ Bn Forecast by Sales Channels
Table 19: East Asia Market US$ Bn Forecast by Country
Table 20: East Asia Market US$ Bn Forecast by Type
Table 21: East Asia Market US$ Bn Forecast by Sales Channels
Table 22: MEA Market US$ Bn Forecast by Country
Table 23: MEA Market US$ Bn Forecast by Type
Table 24: MEA Market US$ Bn Forecast by Sales Channels
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Sales Channels
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
At what rate is the brake-by-wire system market projected to expand?
The demand for brake-by-wire systems is projected to rise at a 6.8% CAGR from 2024 to 2034.
Which region leads in the brake-by-wire system market?
East Asian region is forecasted to account for a significant stake in the global market.
What is the current market outlook for brake-by-wire systems?
The worldwide brake-by-wire system market is valued at US$ 9.66 billion in 2024.
Which are the leading players in the brake-by-wire system market?
The key brake-by-wire system providers are KSR International, Brembo S.P.A, ADVICS, Nissin, and HYUNDAI MOBIS.
Brake-by-Wire System Market