Growing Demand for Advanced Safety Feature Globally Drives Growth of Automotive Brake-By-Wire System Market

Automotive Brake-By-Wire (BBW) system market is anticipated to grow at a significant CAGR of 11.9% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of advanced safety features and the growing demand for BBW systems in current cars owing to their advantages over conventional mechanical brake systems. According to the National Center for Biotechnology Information, in July 2023, road vehicles are intended for use with BBW technology. It has an electro-hydraulic system that can provide a lot of braking force quickly without losing control of the vehicle, which helps to avoid collisions and keep pedestrians safe. Although it has additional advantages for regular driving, the supplier promoted it as a tool for highly automated driving. It offers effective braking characteristics, allows the braking force to be harvested for energy, and sheds 30.0% of the weight of a conventional brake system.

Browse the full report description of “Automotive Brake-By-Wire System Market Size, Share & Trends Analysis Report by Type (Electro-Hydraulic Brakes (EHB), Electro-Mechanical Brakes (EMB) and Electric Parking Brakes (EPB), by Component (Brake Pedal Sensor, Electronic Control Unit (ECU), Brake Actuators, Wheel Speed Sensors, Steering Wheel Angle Sensors, Pressure Sensor and Others), and by Vehicle Type (Passenger Cars, Commercial Vehicles and Off-Highway Vehicles) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/automotive-brake-by-wire-system-market

The adoption of BBW is propelled by the trend toward lighter and more compact vehicle designs. Smaller and lighter parts are more in demand as manufacturers strive to reduce pollution and increase fuel efficiency. Miniaturization has enabled the installation of electronic braking systems in cars without significantly increasing their weight, which lowers overall weight and improves fuel efficiency. This backs global efforts to offer more sustainable and ecologically friendly modes of transportation.

Recent Developments

• In June 2024, Alcon introduced their latest full-service brake-by-wire technology into defense. Alcon's technology is derived from its motorsport products and applies to multiple defense vehicle applications. At Eurosatory, Alcon is available to discuss this and its full range of bespoke and off-the-shelf defense and security-orientated braking solutions in Hall 5A, Stand HJ280.

• In March 2023, ZF introduced advanced brake-by-wire solutions for the global construction industry at CONEXPO 2023 intelligent braking portfolio provides turnkey solutions for off-highway customers. The company’s newest brake-by-wire solution is an important step change, as it provides vehicle manufacturers the ability to control deceleration via an electronic signal that adjusts brake pressure when needed, removing the need for hydraulic lines in the cab and evolving towards remote and autonomous operation.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Component

o By Vehicle Type

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- AISIN CORP., Continental AG, Hitachi Astemo, Ltd., Robert Bosch GmbH, and ZF Friedrichshafen AG among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Brake-By-Wire System Market Report Segment

By Type

• Electro-Hydraulic Brakes (EHB)
• Electro-Mechanical Brakes (EMB)
• Electric Parking Brakes (EPB)

By Component

• Brake Pedal Sensor
• Electronic Control Unit (ECU)
• Brake Actuators
• Wheel Speed Sensors
• Steering Wheel Angle Sensors
• Pressure Sensor
• Others (Yaw Sensor)

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Off-Highway Vehicles

Global Automotive Brake-By-Wire System Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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