Global Brake Override System Market Size study & Forecast, by Sensor Technology (Radar, LiDAR, Camera, Infrared, and Ultrasonic) and By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Analysis, 2022-2029

Global Brake Override System Market Size study & Forecast, by Sensor Technology (Radar, LiDAR, Camera, Infrared, and Ultrasonic) and By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Analysis, 2022-2029

Global Brake Override System Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Brake Override System refers to an intelligent system which overrides the throttle press and even if the accelerator pedal is fully pressed and driver hit the brakes hard, it brings the engine revs down by releasing the throttle intelligently even if the gas pedal is fully pressed. This ensures passenger safety incase if throttle pedal is stuck. Brake Override system uses input from sensors to how hard the brake pedals have been pressed. The rising expansion of automobile sector and stringent regulations & compliances from government authorities are key factors accelerating the market growth.

According to Statista – as per International Energy Agency Estimates (IEA)- during 2021, sales of electric vehicles (EVs) during 2021 estimated at 6.6 million units, witnessing an increase of more than 3 million units in 2020. Also, rising advancements in automotive sector and growing emergence of self-driving cars would create lucrative growth prospectus for the market over the forecast period. However, the volatile cost of raw materials as well as lack of penetration in developing regions impede market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Brake Override System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as increasing adoption of brake override system from leading market players in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising automotive sector and rising advancements in automobiles in the region.

Major market player included in this report are:
Honda Motors Co. Inc
Toyota Motor Corporation
Nissan Motors
Renault
Suzuki Motor Corporation
Mitsubishi Motors Corporation
BMW AG
Robert Bosch GmbH
Hyundai Motor
AB Volvo
Recent Developments in the Market:
In May 2019, The National Highway Traffic Safety Administration, a part of U.S. federal government announced installation of Brake Override System voluntary as all automakers are already employing it in almost every new model.

In November 2021, Japan based Toyota Motors announced to install Brake Override System in its all-new upcoming cars.

Global Brake Override System Market Report Scope:
Historical DataCompanies Mentioned

Honda Motors Co. Inc
Toyota Motor Corporation
Nissan Motors
Renault
Suzuki Motor Corporation
Mitsubishi Motors Corporation
BMW AG
Robert Bosch GmbH
Hyundai Motor
AB Volvo

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