Latest News- Automotive Brake-By-Wire Systems Market: Electric is expected to lead the Vehicle Type segment during 2025-2029

The Automotive Brake-By-Wire Systems Market is being driven by Increasing electrification in vehicles

The Automotive Brake-By-Wire Systems Market is expected to grow at a CAGR of 33% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 24091.5 million. In the automotive industry, the braking system plays a crucial role in ensuring vehicle safety. Traditionally, automobiles were equipped with standalone braking systems. However, advancements in technology have led to the integration of various assisted systems, collectively enhancing the efficiency of the braking mechanism. This technological evolution is driving the adoption of all-electronic, or brake-by-wire, systems in modern vehicles. These systems offer numerous advantages, including improved vehicle dynamics, reduced weight, and enhanced safety features. The integration of these advanced braking systems is a significant trend in the automotive industry, paving the way for future innovations in vehicle safety and performance. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Vehicle Type
  • Electric
  • Non-electric
• Application
  • Passenger vehicles
  • Commercial vehicles
• Component
  • Sensors
  • Actuators
  • Control Units
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing electrification in vehicles
• Growing demand for lightweight vehicles
• Greater effectiveness and efficiency of brake-by-wire systems

However, the market also witnesses some limitations, which are as follows:

• High cost of development and maintenance of electronic braking systems
• Highly fragmented aftermarket causing reliability concerns in brake-by-wire systems
• Technical issues reducing reliability and adoption of brake-by-wire systems

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Market Scope in Automotive Brake-By-Wire Systems Market Research Report

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Research Analysis Overview

The Automotive Brake-By-Wire Systems Market encompasses advanced technologies such as brake control algorithms, sensor data fusion, and actuator dynamics for optimizing brake feel. Hydraulic pressure modulation is replaced with software-defined braking, and system reliability analysis is ensured through hardware-in-the-loop simulation and functional safety standards like ISO 26262 compliance. Cybersecurity for braking, brake system validation, and electrical harness design are crucial elements, along with power distribution network, communication protocols, and human machine interface. Brake performance testing includes brake pedal force, brake system monitoring, brake fluid condition, brake pad wear, rotor wear, wheel slip detection, and brake temperature management. Additionally, brake actuation timing, system integration testing, and driver feedback control are integral components of this market.

Market Research Overview

The global automotive parts and equipment market encompasses businesses producing components and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in this sector include the escalating demand for electronic control units (ECUs) and hydraulic braking system enhancements, such as brake pressure sensors, wheel speed sensors, and actuator control systems, due to the increasing sales of electric vehicles and other automobile categories. These advanced technologies contribute significantly to the enhancement of vehicle safety and performance.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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