Global Automotive Brake-by-wire Systems Market 2024-2028
The automotive brake-by-wire systems market is forecasted to grow by USD 13.95 bn during 2023-2028, accelerating at a CAGR of 26.91% during the forecast period. The report on the automotive brake-by-wire systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing electrification in vehicles, growing demand for lightweight vehicles, and greater effectiveness and efficiency of brake-by-wire systems.
Technavio's automotive brake-by-wire systems market is segmented as below:
By Vehicle Type
By Application
- Passenger vehicles
- Commercial vehicles
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing adoption of electronically assisted braking functionalities as one of the prime reasons driving the automotive brake-by-wire systems market growth during the next few years. Also, the growing focus on improving the durability of electronic braking systems and the development of remote diagnostics and prognostics for autonomous vehicles will lead to sizable demand in the market.
The report on the automotive brake-by-wire systems market covers the following areas:
- Automotive brake-by-wire systems market sizing
- Automotive brake-by-wire systems market forecast
- Automotive brake-by-wire systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive brake-by-wire systems market vendors that include Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Haldex AB, Hitachi Ltd., HL Mando Co. Ltd., Knorr Bremse AG, KSR International Inc., SFS Group AG, Stellantis NV, Toyota Motor Corp., Veoneer HoldCo LLC, ZF Friedrichshafen AG, and Robert Bosch GmbH. Also, the automotive brake-by-wire systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.