Automotive Brake-by-wire Systems Market by Vehicle Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR45785
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The automotive brake-by-wire systems market value is projected to grow by 8458.90 million units at a decelerating CAGR of 32.91% during 2021-2025.

The automotive brake-by-wire systems market report extensively covers market segmentation by vehicle type (electric and non-electric) and geography (APAC, North America, Europe, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Automotive Brake-by-wire Systems Market Size be in 2021?

Automotive-Brake-by-wire-Systems-Market-Market-Size-2020-2025

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Automotive Brake-by-wire Systems Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The greater effectiveness and efficiency of brake-by-wire systems is notably driving the automotive brake-by-wire systems market growth, although factors such as high cost of development and maintenance of electronic braking systems may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive brake-by-wire systems market get your FREE report sample now.

This post-pandemic automotive brake-by-wire systems market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Automotive Brake-by-wire Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aisin Seiki Co. Ltd.
  • Akebono Brake Industry Co. Ltd.
  • Brembo Spa
  • Continental AG
  • Hitachi Ltd.
  • Hyundai Mobis Co. Ltd.
  • KSR International Inc.
  • Robert Bosch GmbH
  • Veoneer Inc.
  • ZF Friedrichshafen AG

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The automotive brake-by-wire systems market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the automotive brake-by-wire systems market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Automotive Brake-by-wire Systems Market?

Automotive-Brake-by-wire-Systems-Market-Market-Share-by-Region-2020-2025

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55% of the market’s growth will originate from APAC during the forecast period. China is a key market for automotive brake-by-wire systems in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing electrification in vehicles will facilitate the automotive brake-by-wire systems market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Vehicle Type Segments in the Automotive Brake-by-wire Systems Market?

Automotive-Brake-by-wire-Systems-Market-Market-Share-by-Vehicle Type-2020-2025

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The automotive brake-by-wire systems market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The automotive brake-by-wire systems market share growth by the electric segment has been significant and is expected to provide significant growth opportunities to market vendors.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive brake-by-wire systems market size.

 

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What are the Key Factors Covered in this Automotive Brake-by-wire Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive brake-by-wire systems market growth during the next five years
  • Precise estimation of the automotive brake-by-wire systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive brake-by-wire systems market across APAC, North America, Europe, South America, and MEA 
  • A thorough 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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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive brake-by-wire systems market growth will increase by $1204.08 thousand units during 2019-2024.
The automotive brake-by-wire systems market is expected to grow at a CAGR of 8.85% during 2019-2024.
Technavio has segmented the automotive brake-by-wire systems market by other1 (Non-electric and Electric) and geographic (Europe, North America, APAC, MEA, and South America).
Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Hitachi Ltd., Hyundai Mobis Co. Ltd., KSR International Inc., Robert Bosch GmbH, Veoneer Inc., ZF Friedrichshafen AG are a few of the key vendors in the automotive brake-by-wire systems market.
Europe will register the highest growth rate of 33.33% among the other regions. Therefore, the automotive brake-by-wire systems market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive brake-by-wire systems market growth are:
  • Greater effectiveness and efficiency of brake-by-wire systems
The automotive brake-by-wire systems market vendors should focus on grabbing business opportunities from the non-electric segment as it accounted for the largest market share in the base year.
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