Automotive Brake Booster Market: Current Analysis and Forecast (2021-2027)

Automotive Brake Booster Market: Current Analysis and Forecast (2021-2027)

Global Automotive Brake Booster is anticipated to display a CAGR of around ~7% over the forecast period (2021-2027). Due to an increase in road accidents, the need for car safety systems has skyrocketed. The need for brake boosters has risen in tandem with the development in the number of high-speed vehicles. Brake boosters improve driving safety by providing adequate braking systems, resulting in increased safety measures and future growth of the brake booster industry. The vehicle braking system is an important part of the vehicle's safety equipment. The components of a vehicle's braking system transform the force delivered by the driver into the necessary braking effect in an optimum manner, ensuring the vehicle's safe and pleasant deceleration. Most current automobiles, which contain a vacuum-assisted braking system that considerably increases the applied force, use brake boosters. A black round-shaped canister is fitted at the back of the engine compartment as an automobile brake booster. There are two types of brake boosters for automobiles: hydraulic brake boosters and vacuum brake boosters.

Insights Presented in the Report
"Amongst Brake Type, Disc Brake segment dominated the market in 2020”

Based on brake type, the market is segmented into Drum Brake and Disc Brake. The Disc Brake segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Though disc brakes use the same fundamental principles as drum brakes to slow a vehicle (friction and heat), its design is significantly superior. Disc brakes employ a thin rotor and a small caliper to stop wheel movement instead of a metal drum that houses all of the essential components. Disc brakes are more efficient in displacing heat and, as a result, stop your car far more efficiently than drum brakes, which is why disc brake demand is increasing at a faster pace than drum brake demand
"Amongst Type, Fixed segment dominated the market in 2020.”

Based on type, the market is segmented into Fixed and Moveable. The Fixed segment is expected to grow at a higher CAGR during the forecasted period. The majority of the regional airports adopt the fixed bridges whereas the airports with the requirement of adjustable heights refer the movable bridge.
"Amongst Technology, Conventional Vacuum Brake Booster segment dominated the market in 2020.”

Based on technology, the market is segmented into Electric Brake Booster and Conventional Vacuum Brake Booster. The Conventional Vacuum Brake Booster segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. The need for brake boosters is being driven by continued innovation and development in the product development of braking systems to protect the safety of passengers and pedestrians. The growth of electric brake boosters has been fueled by the growing automobile industry and the desire for more efficient braking systems
"Amongst Type, Single Diaphragm Booster segment dominated the market in 2020.”

Based on type, the market is segmented into Single Diaphragm Booster, Dual Diaphragm Booster, and Others. The Single Diaphragm Booster segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. A circular diaphragm is coupled to an eccentric shaft with its center offset from the central pivot point of each end mount bracket assembly via a pushrod in a single-diaphragm device. The two brackets are attached at a 90-degree angle to either end plate, with one side acting as a piston head pushing rod and the other housing the pushrod pin. When compared to other types of electric brake boosters, this one may deliver more braking force and performs well in difficult settings such as stop-and-go traffic or emergency stops
"Asia Pacific represents as the largest market.”

Based on the estimation, during the projection period of 2021-2027, Asia Pacific dominates the market, due to the increasing rate of adoption of automotive brake boosters in vehicle braking systems and the developing automotive industry in China, India, and ASEAN nations, Asia Pacific is expected to occupy a substantial share of the worldwide market over the forecast period. Because of the vast number of automobile manufacturing businesses and OEMs in the area, the Asia Pacific market is likely to dominate brake booster demand. Furthermore, the expanding EV industry in China is boosting the need for electric brake boosters in the area. Furthermore, China's electric vehicle sector is flourishing, thanks to massive investments in charging infrastructure and innovation. In China, for example, a record 1.3 million electric vehicles were sold in 2020, with sales likely to continue to rise. All these factors will further boost the market growth of the automotive brake booster market. Some of the major players operating in the market includes Nissin Kogyo Co., Ltd., Bethel Automotive Safety Systems Co., Ltd., Aisin Seiki Co., Ltd., ZF Friedrichshafen AG, Robert Bosch GmbH, Mando Corporation, Hyundai Mobis Co., Ltd., TRW Automotive Holdings Corp., Continental AG, Wanxiang Group Corporation etc.

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