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The latest automotive brake-by-wire systems market report by Technavio infers that the greater effectiveness and efficiency of brake-by-wire systems are driving this market’s growth,

resulting in market growth of USD 8.04 billion from 2021 to 2026.

Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive brake-by-wire systems market report covers the following areas:

Automotive Brake-by-wire Systems Market size
Automotive Brake-by-wire Systems Market trends
Automotive Brake-by-wire Systems Market industry analysis

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.

Aisin Corp., Akebono Brake Industry Co. Ltd., Autoliv Inc., Brembo Spa, Continental AG, Haldex AB, Hitachi Ltd., Hyundai Mobis Co. Ltd., Knorr Bremse AG, KSR International Inc., Mando Corp., Robert Bosch GmbH, SFS Group AG, Veoneer Inc., and ZF Friedrichshafen AG, among others, are some of the few key vendors competing to maintain their market position in the market.

View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

Segmentation by vehicle type:
- Electric:
  - The electric segment will contribute largely to the overall market growth during the forecast period.
  - The high penetration rate of advanced electronic systems in hybrid, all-electric, and plug-in hybrid vehicles is driving the segment. Government incentives for the purchase of hybrid and electric vehicles, improving infrastructure to support electric vehicles, and growing focus on reducing the automotive industry’s carbon footprints are increasing their demand globally.
- Non-electric

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Regional Market Outlook

APAC will contribute to 52% of the market growth during the forecast period. The growth of this region can be attributed to the high-volume sales of hybrid passenger vehicles fitted with brake-by-wire systems from automakers. If we look at the country-wise market growth, China and Japan will contribute to the highest market growth.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Trends and Drivers in the Automotive Brake-by-wire Systems Market

Market Driver:
- Greater effectiveness and efficiency of brake-by-wire systems:

These systems gather data from different sensors such as wheel speed sensors, acceleration sensors, and steering angle sensors. The complied data allows the systems to react quickly. Brake-by-wire systems are also characterized by their smoother, vibration-free, and noiseless operations. Such benefits are expected to drive the market growth during the forecast period.

Market Trend:
- Growing focus on improving the reliability of electronic braking systems:

Technical issues and malfunctioning associated with the electronic braking systems have periodically led to vehicle recalls. This has compelled automakers and advanced braking system developers to collaborate and make them fail-proof. Braking systems, like brake-by-wire systems, are becoming increasingly reliable, their adoption will increase in the global automotive market during the forecast period.

Find additional information about various other market drivers & trends mentioned in our FREE sample report.

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Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist automotive brake-by-wire systems market growth during the next five years
Estimation of the automotive brake-by-wire systems market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive brake-by-wire systems market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive brake-by-wire systems market vendors

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Automotive Brake-by-wire Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 25.31%
Market growth 2022-2026	USD 8.04 billion
Market structure	Fragmented
YoY growth (%)	21.86
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 52%
Key consumer countries	US, China, Japan, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aisin Corp., Akebono Brake Industry Co. Ltd., Autoliv Inc., Brembo Spa, Continental AG, Haldex AB, Hitachi Ltd., Hyundai Mobis Co. Ltd., Knorr Bremse AG, KSR International Inc., Mando Corp., Robert Bosch GmbH, SFS Group AG, Veoneer Inc., and ZF Friedrichshafen AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.