Authored By: Sarah
11 Jul 2024

 Automotive Brake Wear Sensors Market Size to grow by USD 1193.4 million between 2024-2028

According to a research report “ Automotive Brake Wear Sensors Market” by Application (Passenger cars, Commercial vehicles) Product (Electronic brake wear sensors, Disc brake wear sensors) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1193.4 million, at a CAGR of over 6.24% during the forecast period. In the automotive sector, there is a growing consumer preference for enhanced safety features due to increasing external environmental factors. To mitigate potential accidents, automobile manufacturers are prioritizing the integration of advanced safety technologies. One such technology is the brake wear sensor, a crucial safety device that alerts drivers when the efficiency of their brake pads begins to decline. As the number of electronic components in vehicles continues to expand, the implementation of sensors has become a standard practice in modern automobiles. This sensor plays a vital role in ensuring optimal brake performance and overall vehicle safety.

Browse market data tables, figures, and in-depth TOC on “Automotive Brake Wear Sensors Market” by Application (Passenger cars, Commercial vehicles) Product (Electronic brake wear sensors, Disc brake wear sensors) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Passenger cars segment is projected to dominate the market size in 2024

The Automotive Brake Wear Sensors market is experiencing significant growth due to the increasing demand for safety features in vehicles. These sensors play a crucial role in monitoring brake pad wear and triggering replacement alerts, thereby ensuring optimal braking performance and road safety. Manufacturers are investing heavily in research and development to produce more accurate and reliable sensors, driving market expansion. Additionally, stringent regulations on vehicle safety are further boosting market growth.

By Product, Electronic brake wear sensors  segment is expected to hold the largest market size for the year 2024

The Automotive Brake Wear Sensors Market is experiencing significant growth due to the increasing demand for safety features in vehicles. These sensors play a crucial role in monitoring brake pad wear and triggering brake pad replacement alerts, thereby enhancing road safety. Manufacturers are investing heavily in research and development to produce more accurate and reliable sensors to cater to this growing market. Additionally, stringent regulations regarding vehicle safety are further driving market expansion.

North America is forecasted to hold the largest market size by region in 2024

The Automotive Brake Wear Sensors Market represents a significant growth opportunity for businesses in the automotive industry. These sensors play a crucial role in ensuring optimal brake performance and safety, making them an essential component in modern vehicles. Market growth is driven by increasing vehicle production, stringent safety regulations, and the rising demand for advanced safety features. Key players in the market include Bosch, Continental AG, and Delphi Technologies, among others.

The Automotive Brake Wear Sensors Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Akebono Brake Industry Co. Ltd.
  • Beck Arnley Holdings LLC
  • BorgWarner Inc.
  • Brembo Spa
  • CARiD.com
  • Carlisle Companies Inc.
  • Continental AG
  • DENSO Corp.
  • FMP Group Australia Pty Ltd.
  • General Motors Co.
  • Herth Buss Fahrzeugteile GmbH and Co. KG
  • Holstein Automotive Group
  • Mitsubishi Electric Corp.
  • Otto Zimmermann Maschinen und Apparatebau GmbH
  • PEX German O.E. Parts LLC
  • Robert Bosch GmbH
  • SADECA SYSTEMS SLU
  • Sensata Technologies Inc.
  • Shandong Frontech Auto Parts Co. Ltd
  • Standard Motor Products Inc.
.

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Research Analysis Overview

The Automotive Brake Wear Sensors Market is witnessing significant growth due to the increasing adoption of advanced braking systems in various types of automobiles, including cars, motorcycles, electric vehicles (EVs), and commercial vehicles. Regenerative braking systems, which convert thermal energy and kinetic energy into electrical energy, are becoming increasingly popular in EVs and hybrid vehicles. These systems use brake wear sensors to monitor the condition of brake pads and discs, ensuring optimal performance and safety. Safety standards continue to be a major driving factor in the market, as governments and regulatory bodies prioritize road safety. Brake wear sensors are essential mechanical components of the braking system, providing real-time information on wheel and axle friction to prevent road accidents. The market for automotive brake wear sensors is expected to grow significantly in the coming years, driven by the increasing production of traveller vehicles, including cars and commercial vehicles. The ecological concern of reducing carbon emissions is also contributing to the growth of the market, as electric commercial vehicles become more prevalent. Cutting-edge technologies, such as thermal energy harvesting and wireless communication, are being integrated into brake wear sensors to improve their functionality and efficiency. Overall, the automotive brake wear sensors market is poised for continued growth, driven by safety concerns, technological advancements, and the increasing demand for sustainable transportation solutions.

Market Research Overview

The Automotive Brake Wear Sensors Market is witnessing significant growth due to increasing environmental concerns and sustainability efforts in the automotive industry. Advanced braking technologies, such as regenerative braking systems, are gaining popularity in both passenger cars and commercial vehicles due to their ability to convert thermal energy and kinetic energy into electrical energy, reducing emissions and improving overall vehicle efficiency. Two main types of brake pads are used in automobiles: ceramic and semi-metallic. Ceramic brake pads are more sustainable and produce less dust than semi-metallic ones. Low metallic NAO (No Asbestos Organic) brake pads are also gaining traction due to their environmental friendliness and improved safety. Safety standards continue to evolve, with innovative technologies such as anti-collision devices, electronic stability control, and cutting-edge braking systems becoming increasingly common. Motorcycles and cars alike are being equipped with these advanced safety features to ensure safe driving and passenger safety. Automotive companies are continuously improving their braking systems to meet the growing demand for sustainable and safe vehicles. Regenerative braking systems are being integrated into electric vehicles (EVs), electric commercial vehicles, traveller vehicles, and even two-wheelers to maximize energy efficiency and reduce reliance on traditional braking systems. Brake wear sensors play a crucial role in the moving system of vehicles, monitoring the friction level of the brakes and alerting drivers when it's time for replacement. The market for these sensors is expected to grow significantly as vehicle production continues to increase and safety and sustainability become top priorities for automobile manufacturers. In conclusion, the automotive brake wear sensors market is driven by environmental concerns, sustainability, and the need for advanced safety features in vehicles. Ceramic and low metallic NAO brake pads, regenerative braking systems, and cutting-edge braking technologies are leading the way in this market, with a focus on reducing emissions, improving efficiency, and ensuring safe driving for all types of vehicles, from passenger cars to commercial vehicles and motorcycles.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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