Latest News - Automotive Brake Wear Sensors Market: Passenger cars are expected to lead the Application segment during 2025-2029

The Automotive Brake Wear Sensors Market is being driven by Rising need to reduce damage to braking systems

The Automotive Brake Wear Sensors Market is expected to grow at a CAGR of 6.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1278.8 million. In the automotive industry, brake wear sensors serve as essential safety components that notify drivers when the efficiency of their brake pads begins to deteriorate. Common causes of brake pad failure include connector corrosion or physical damage. Unfortunately, drivers remain oblivious to the subpar performance of their brake pads until the sensors send alerts. Modern brake pad wear sensors offer advanced features, such as estimating the remaining mileage until the brake pads reach their expiration. This innovation empowers drivers to proactively replace worn-out brake pads, ensuring optimal vehicle safety and performance. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger cars
  • Commercial vehicles
• Product
  • Electronic brake wear sensors
  • Disc brake wear sensors
• Channel
  • OEM
  • Aftermarket
• Type
  • On-road
  • Off-road
• Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
  • APAC
    • China
    • Japan
  • 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: 

• Rising need to reduce damage to braking systems
• Increased end-user concern for vehicle security
• Increasing demand for automotive vehicles

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

• Pressure to reduce cost for OEMs
• High replacement costs of brake wear sensors
• Improper tuning of sensors

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Market Scope in Automotive Brake Wear Sensors Market Research Report

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Research Analysis Overview

The Automotive Brake Wear Sensors Market focuses on technologies that monitor and optimize various brake system parameters for enhanced safety, efficiency, and durability. These parameters include brake pad and rotor thickness, wear limits, service intervals, fluid level, system pressure, pedal travel, torque, fade, squeal, judder, vibration, noise, and performance. Innovative solutions aim to reduce brake wear, extend lifespan, improve system efficiency, reliability, and durability while adhering to vehicle safety and emissions regulations. Key trends include brake system design, testing, calibration, validation, certification, and cost reduction through advanced technology and regulations.

Market Research Overview

The global automotive parts and equipment market encompasses businesses producing components and accessories for various automobile categories, 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, the market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in the automotive parts and equipment market include the rising demand for electronic control units (ECUs) and other electronic components due to the increasing sales of electric vehicles, motorcycles, and passenger cars over the past decade. Additionally, the integration of advanced technologies such as electronic stability control (ESC) and anti-lock braking systems (ABS) in brake systems is expected to further boost market growth. Brake wear sensors, rotor wear sensors, and wear indicators are essential components of brake systems, contributing significantly to the market's expansion. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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