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The automotive electronic brake force distribution (EBD) system market size is estimated to grow at a CAGR of 5.13% between 2022 and 2027. The market size is forecast to increase by USD 2,780.8 million. The growth of the market depends on several factors, including increasing electrification in vehicles, growing demand for advanced safety systems in vehicles, and stringent regulations and procedures for brake system performance during testing.
This automotive electronic brake force distribution (EBD) system market report extensively covers market segmentation by application (passenger cars, commercial cars, and motorcycles), distribution channel (oem and aftermarket), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Increasing electrification in vehicles is notably driving the market growth, although factors such as the high cost of development and maintenance of EBD systems impede the market growth. Our researchers analyzed the data with 2022 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.
One of the key factors driving the automotive electronic brake force distribution (EBD) system market growth is the increasing electrification in vehicles. Modern vehicles are equipped with a large number of electronic components like sensors that improve their functional efficiency and reduce their overall weight. The electrification of various mechanical systems has enabled vehicle manufacturers to increase efficiency, control emissions, and boost performance.
Automotive systems such as fuel delivery systems, braking systems, steering systems, and safety systems are increasingly equipped with electronic components that have integrated circuits or chips (ICs) to enhance and fine-tune every operation and increase the efficiency of the overall system. Hence, the growing use of automotive electronics in modern vehicles enhances the adoption of an automotive EBD system to control body electronics in vehicles. Factors such as the increasing penetration of electronics and the growing dependence of vehicles on such electronics are making automotive EBD systems one of the mainstream electronic components in vehicles. Hence, such factors are expected to drive the automotive electronic brake force distribution (EBD) system market growth during the forecast period.
A key factor shaping the automotive electronic brake force distribution (EBD) system market growth is the growing focus on improving the reliability of the EBD system. The global automotive industry is witnessing significant growth due to the growing integration of advanced automotive technologies and systems, including automotive EBD systems. But, their reliability and durability have always remained a major challenge for the players in the market.
One of the key reasons for this concern is the increased adoption of newer electronic components, complex system designs, and the interlinking of different systems to work in conjunction with each other. Hence, automotive system developers and automakers are innovating new ways to improve the reliability and durability of such systems/technologies. Therefore, these research and development initiatives by automakers have increased their reliability and efficiency over the years. Thus such factors are expected to drive the automotive electronic brake force distribution (EBD) system market growth during the forecast period.
The high cost of development and maintenance of EBD systems is one of the key challenges hindering the automotive electronic brake force distribution (EBD) system market growth. One of the key reasons for the high cost of vehicles is due to the use of electronic components and subsystems in electronic braking systems increases their cost of development as compared with hydraulic or mechanical braking systems. Additionally, the maintenance and repair associated with these systems are expensive.
For example, Mercedes-Benz used Sensotronic Brake Control in some of its models, such as E-class and SL-class. However, the system was not fail-safe and increased stopping distance occasionally or pedal effort without brake booster assistance. Thus, the automaker had to resolve the issue, resulting in a high cost of maintenance for the braking system. Hence, such factors are expected to negatively impact the automotive electronic brake force distribution (EBD) system market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Electronic Brake Force Distribution (EBD) System Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Continental AG: The company offers an automotive electronic brake force distribution system that helps to improve the stability and control of a vehicle during braking.
The research report also includes detailed analyses of the competitive landscape of the market and information about 9 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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 6,398.32 million in 2017 and continued to grow until 2021. This segment has the largest share of the global automotive electronic brake force distribution (EBD) system 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 is significantly driving the growth of the passenger car segment during the forecast period.
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APAC is estimated to contribute 62% 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. One of the key factors that is driving the growth of the automotive electronic brake force distribution (EBD) system market in the region is the growing demand for automotive safety. There is a growing concern for safety features from consumers in developing countries such as China as these are the fastest-growing markets for vehicles currently. Furthermore, the growing adoption of commercial vehicles in countries such as China, India, and South Korea is significantly contributing to the automotive electronic brake force distribution (EBD) system market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global automotive electronic brake force distribution (EBD) system market witnessed a significant slowdown due to the temporary closure of several vehicle manufacturing units, which led to a decline in the production of automotive vehicles in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of manufacturing operations, resulting in increased vehicle production. Such factors are expected to drive the market during the forecast period.
The automotive electronic brake force distribution (EBD) system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global automotive electronic brake force distribution (EBD) system market as a part of the global automotive components and accessories market within the global auto components market. The global automotive components and accessories; market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Automotive Electronic Brake Force Distribution (EBD) System Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.13% |
Market growth 2023-2027 |
USD 2,780.8 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
4.35 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 62% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, 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, 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. |
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