Report Id: SNS/AUTO/2008 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Electronic Brake System Market Size was valued at USD 19.98 billion in 2021 and is expected to reach USD 28.50 billion by 2028 and grow at a CAGR of 5.2% over the forecast period 2022-2028.
Automotive Electronic braking systems offer an increased level of vehicle safety while requiring only a little amount of maintenance. The hydraulic pressure that is produced by the engine is used by an automotive braking system, which is a form of the vehicle braking system, to activate pistons within the calipers, which then force the brake pads against the rotors. The wheels' rotation will either be slowed down or stopped entirely as a result of this action. The Automobile Electronic Brake System is utilized in the automotive industry to either bring the vehicle to a complete stop or to reduce the vehicle's speed. When it comes to the protection of both drivers and pedestrians, a brake system is an absolutely necessary piece of equipment. This market for improved braking technology is being driven by increasing awareness of the importance of safety. The use of electronic braking systems in automobiles results in improved braking performance and minimizes the amount of service and maintenance required for braking systems.
By pioneering traction control systems and electronic stability programs (ESP), Robert Bosch was a significant contributor to the development of more advanced braking technology in 2021. The forward-thinking regenerative braking system that Bosch developed and brought to market has made its way into the hybrid and all-electric vehicle markets.
The industry is gaining traction due to the rising electrification of automobiles.
Modern automobiles' electronic components have been shown to improve their overall performance.
The vehicle industry has benefited from electrification by developing better engines, brakes, and safety systems.
The use of market-available high-end and luxury automobiles.
Electronic and mechanical systems are intertwined in the latest braking technology.
The installation of brake systems on cars can be done for as little as $50 USD per unit of transportation.
One of the restrictions is that there is inconsistency in the positioning of the system.
Business vehicles' increasing use of air disc brakes.
Technological advancement in the braking systems.
Electronic brake system expansion will be hampered by their high development and maintenance costs.
Market development is projected to be limited by the high costs of electronic brake systems.
IMPACT OF COVID-19:
Because of the onset of the COVID-19 epidemic, the entire supply chain system that exists in the market for automobiles has been thrown into disarray, particularly for the current projected period. The pandemic had a significant influence on the market for brand-new automobiles around the world during the second and third quarters of its duration. The same pattern continued into the new fiscal year 2021 as it had in the previous year. According to the findings of the study and analysis done on the market in 2020, the production of vehicles, which includes both HDVs and LDVs, experienced a significant drop. 19.6 percent was the total percentage of decline in the market. As a result of the pandemic, the time required for recovery was extremely unclear, and the lockdown that was imposed as a result of the epidemic led to the closure of production facilities in various regions of the worldwide market.
KEY MARKET PLAYERS:
Continental AG (Germany), Robert Bosch GMBH (Germany), Delphi Automotive Plc (US), Advics Group (US), Autoliv Inc. (Sweden), Denso Corporation (Japan), Haldex AB (Sweden), Knorr Bremse AG (Germany), Wabco Holdings Inc. (US), ZF TRW Automotive (US) are some of the affluent competitors with significant market share in the Ride Sharing Market.
Market, By Product:
The global market has been divided into disc brakes, and drum brakes based on the product segment. Disc brakes are predicted to dominate the worldwide automotive EBS market due to their durability, heat dissipation, shorter stopping distance, lower maintenance cost, longer life cycle, and smaller weight. These drivers will keep disc brakes growing in the next five years.
Market, By Technology:
The global market has been divided into electronic stability control (ESC), Adaptive cruise control, Anti-lock braking system (ABS), Differential slip control, and Traction control based on the technology segment. ESC will remain the most prominent EBS technique because of its wide penetration in industrialized economies. In emerging economies, anti-lock braking systems are very common, however, there has been a shift toward ESC.
Market, By Vehicle Type:
The global market has been divided into commercial vehicles and passenger cars based on the vehicle type segment. It is anticipated that the passenger automobile will continue to be the most popular form of vehicle sold. As a result of the high demand for safety systems and the rising production of passenger cars, it is anticipated that this category of vehicles would experience the highest increase over the same time period as the previous one.
Electronic stability control (ESC)
Adaptive cruise control
Anti-lock braking system (ABS)
Differential slip control
By Vehicle Type:
North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa make up the vehicle electronic brake system market. North America has the biggest market share due to the US, Canada, and Mexico, which drive market demand. Higher per capita income and rising demand for fuel-efficient vehicles boost market demand. Asia-Pacific, the fastest-emerging region, holds the second-largest market share in the global market due to highly populous countries like India, China, Japan, South Korea, Australia, and others that fuel market demand. Increasing investment, sales, production, and government policies also boost market demand. The European region holds the third-largest market share in the global industry due to its technologically advanced infrastructure, which increases the demand for automotive cars. Increasing investment by big firms promotes market demand in this region.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 19.98 Billion|
|Market Size by 2028||US$ 28.50 Billion|
|CAGR||CAGR of 5.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Product (Disc Brakes, Drum Brakes)
• by Technology (Electronic stability control (ESC), Adaptive cruise control, Anti-lock braking system (ABS), Differential slip control, Traction control)
• by Vehicle Type (Commercial vehicles, Passenger cars)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Continental AG (Germany), Robert Bosch GMBH (Germany), Delphi Automotive Plc (US), Advics Group (US), Autoliv Inc. (Sweden), Denso Corporation (Japan), Haldex AB (Sweden), Knorr Bremse AG (Germany), Wabco Holdings Inc. (US), ZF TRW Automotive (US)|
|Key Drivers||•The industry is gaining traction due to the rising electrification of automobiles.
•Modern automobiles' electronic components have been shown to improve their overall performance.
|RESTRAINTS||•Electronic and mechanical systems are intertwined in the latest braking technology.
•The installation of brake systems on cars can be done for as little as $50 USD per unit of transportation.
Frequently Asked Questions (FAQ) :
Ans:- 5.2% is the CAGR of the Automotive Electronic Brake System Market in the forecast period.
Ans:- Electronic and mechanical systems are intertwined and inconsistency in the positioning of the system is the primary market restraint for Automotive Electronic Brake System Market.
Ans:- The study includes a comprehensive analysis of market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter’s five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Ans:- Continental AG (Germany), Robert Bosch GMBH (Germany), Delphi Automotive Plc (US), Advics Group (US), Autoliv Inc. (Sweden), Denso Corporation (Japan), Haldex AB (Sweden), Knorr Bremse AG (Germany), Wabco Holdings Inc. (US), ZF TRW Automotive (US) are the most prominent players in the market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Electronic Brake System Market Segmentation, By Product
8.1 Disc Brakes
8.2 Drum Brakes
9. Global Automotive Electronic Brake System Market Segmentation, By Technology
9.1 Electronic stability control (ESC)
9.2 Adaptive cruise control
9.3 Anti-lock braking system (ABS)
9.4 Differential slip control
9.5 Traction control
10. Global Automotive Electronic Brake System Market Segmentation, By Vehicle Type
10.1 Commercial Vehicles
10.2 Passenger Cars
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Continental AG (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Robert Bosch GMBH (Germany)
12.3 Delphi Automotive Plc (US)
12.4 Advics Group (US)
12.5 Autoliv Inc. (Sweden)
12.6 Denso Corporation (Japan)
12.7 Haldex AB (Sweden)
12.8 Knorr Bremse AG (Germany)
12.9 Wabco Holdings Inc. (US)
12.10 ZF TRW Automotive (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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