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The Global Automotive Electronic Brake Force Distribution System Market size is estimated to grow by USD 2.43 billion at a CAGR of 4.36% between 2023 and 2028. The automotive industry is witnessing significant shifts towards electrification and advanced safety systems in response to growing consumer demands and regulatory requirements. Electrification, driven by concerns over emissions and fuel efficiency, is gaining momentum with the increasing popularity of electric and hybrid vehicles. In parallel, there is a rising emphasis on safety, leading to the integration of advanced safety systems such as autonomous emergency braking, lane departure warning, and blind spot detection. Strict regulations and stringent testing procedures for brake system performance further underline the importance of these systems in ensuring vehicle safety and compliance. These trends are shaping the future of the automotive industry and presenting new opportunities for innovation and growth.
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The market share growth by the passenger cars segment will be significant during the forecast period. There is rapid technological development in the global passenger car segment, especially in braking technology, such as anti-skid and ABS features. Factors such as the dynamic nature of emission regulations, fuel efficiency standards, safety standards, and the pressure to decrease production costs are driving technological advancement.
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The passenger cars segment was valued at USD 6.52 billion in 2018. This segment has the largest share of the market due to the increasing disposable income of individuals belonging to the middle class. For instance, according to the data provided by the Organisation Internationale des Constructeurs d Automobiles (OICA), the total number of passenger cars manufactured worldwide in 2022 was 61,598,650 units. Furthermore, APAC is the highest contributor to global passenger car sales and production. Several countries like India, China, and Indonesia are dominating the market in this segment. Hence, the increasing production and sales of passenger vehicles across the world are significantly driving the growth of the passenger car segment during the forecast period.
APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The growing demand for automotive safety is one of the major factors influencing the growth of the regional market. Safety features are now in great demand from consumers in developing countries such as China. These markets earlier focused on fuel economy, low maintenance costs, and affordable pricing. Since these are the fastest-growing markets for vehicles currently, the rising awareness levels of safety features will prove beneficial for the adoption of automotive EBD systems during the forecast period. Further, the high adoption of commercial vehicles in countries such as China, India, and South Korea is contributing to market growth in the region.
For instance, the production of commercial vehicles in China in 2022 was 3,184,532 units, according to OICA. China alone dominates the revenue of the automotive EBD system market in APAC. In addition, the emergence of new OEMs in APAC over the last few years is also contributing to the growth in automobile sales, which, in turn, is driving the automotive EBD system market in the region during the forecast period.
The demand for vehicles requiring EBD systems is rising, driven by advancements in automotive comfort and convenience alongside increasing safety standards. Despite challenges like low vehicle sales, manufacturers are integrating EBD systems into various vehicle type to enhance electronic brake systems. This technology incorporates speed sensors, brake force modulators, and electronic control units, crucial components of modern vehicle safety systems and Advanced Driver-Assistance Systems (ADAS). As Artificial Intelligence (AI) plays a pivotal role in autonomous vehicles, EBD systems contribute to the safety and reliability of electrified vehicles, including hybrid vehicles and Battery electric vehicles (BEV). Regulatory incentives like Clean Vehicle Credit and Qualified Commercial Vehicle Credit further boost autonomous vehicle demand, positioning EBD systems as integral to the future of automotive innovation and safety. The demand for passenger vehicles continues to drive global vehicle production, with a significant shift towards electrification of vehicles to meet evolving consumer preferences and environmental regulations. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing electrification in vehicles is a key factor driving the automotive EBD market growth. The automotive industry has witnessed significant advancements in electronics, with modern vehicles incorporating numerous electronic components like sensors to improve efficiency and reduce weight. Electrification of mechanical systems has led to better efficiency, emission control, and performance. Safety-conscious customers prefer vehicles with advanced safety features, leading to the integration of automotive artificial intelligence in safety systems. This technology recognizes driver gestures and activates safety features, enhancing driving safety.
As the reliance on automotive electronics grows, the adoption of automotive EBD systems becomes crucial to control vehicle body electronics. With these developments, the global automotive EBD system market is expected to thrive in the forecast period.
The growing focus on improving the reliability of EBD systems is a major trend influencing market growth. The global automotive industry is experiencing a notable integration of advanced technologies like automotive EBD systems. However, concerns over reliability and durability persist due to the adoption of newer electronic components and complex system designs.
Furthermore, automakers and system developers are investing more in enhancing the dependability and efficiency of these systems. Frequent technical issues and malfunctions have led to vehicle recalls and on-road accidents, prompting collaboration to create fail-proof solutions. Intensive work on developing advanced algorithms forms the foundation of these systems, aiming to increase their capability and effectiveness in all weather conditions. As braking systems, particularly EBD systems, become more reliable, their adoption is expected to rise, driving market growth during the forecast period.
The high cost of development and maintenance of EBD systems is a major challenge restraining market growth. Currently, automotive components and systems are undergoing a transformation from fully mechanical to electro-mechanical or all-electronic systems, including automotive EBD systems. This shift to electronic braking systems increases development costs compared to hydraulic or mechanical systems, thus impacting overall vehicle costs.
Additionally, the maintenance and repair costs for these electronic systems are higher. For instance, Mercedes-Benz faced challenges with its Sensotronic Brake Control system in certain models, leading to increased maintenance costs. These factors pose challenges to the growth of the global automotive EBD system market during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Robert Bosch GmbH- The company offers automotive electronic brake force distribution system which helps to provide a more comfortable ride by reducing the amount of vibration that is transmitted to the passengers.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Akebono Brake Industry Co. Ltd., Continental AG, Hitachi Ltd., HL Mando Co. Ltd., Knorr Bremse AG, Robert Bosch GmbH, Toyota Motor Corp., Volkswagen AG, and ZF Friedrichshafen AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Automotive Brake-by-wire Systems Market: Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast
Heavy-duty Vehicle Braking System Market: Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Germany, UK - Size and Forecast
Automotive Brake Wear Sensors Market: Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Germany, China, UK, Japan - Size and Forecast
The demand of passenger vehicles is pushing advancements in vehicle safety standards, including innovations in electronic braking systems such as steering wheel angle sensors, disc brake, and drum brake, catering to a wide range of vehicles from light commercial Vehicles to heavy commercial Vehicles, and integrating third-party EBD solutions to enhance overall vehicle safety features. The demand for passenger vehicles is driving improvement in vehicle safety standards, particularly in premium and luxury vehicles, which are upgrading existing vehicle systems to ensure enhanced safety features and performance.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 2.43 billion |
Market structure |
USD Concentrated |
YoY growth 2023-2024(%) |
4.11 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 55% |
Key countries |
China, US, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akebono Brake Industry Co. Ltd., Continental AG, Hitachi Ltd., HL Mando Co. Ltd., Knorr Bremse AG, Robert Bosch GmbH, Toyota Motor Corp., Volkswagen AG, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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