Automotive Brake-by-wire Systems Market size to grow by USD 10,337.96 million from 2022 to 2027, Increasing electrification in vehicles to drive market growth - Technavio

NEW YORK, May 18, 2023 /PRNewswire/ -- The automotive brake-by-wire systems market size is forecast to increase by USD 10,337.96 million from 2023 to 2027. The market will progress at a CAGR of 25.64%, according to a recent market study by Technavio. The growth of the market will be driven by the greater effectiveness and efficiency of brake-by-wire systems, increasing electrification in vehicles, and growing demand for lightweight vehicles. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Haldex AB, Hitachi Ltd., HL Mando Co. Ltd., Hyundai Motor Group, Knorr Bremse AG, KSR International Inc., Robert Bosch GmbH, SFS Group AG, Stellantis NV, Toyota Motor Corp., Veoneer Inc., and ZF Friedrichshafen AG

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Automotive Brake-by-wire Systems Market - Segmentation Analysis

This automotive brake-by-wire systems market report extensively covers market segmentation by vehicle type (electric and non-electric), application (passenger vehicles and commercial vehicles), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The market share growth by the electric segment will be significant for overall market growth during the forecast period. Rapid penetration of advanced electronic systems in hybrid, fully electric, and plug-in hybrid vehicles is driving the market growth of the segment. The environmental benefits associated with these vehicles are expected to increase sales, thereby driving the market for advanced systems, including brake-by-wire systems. 

Automotive Brake-by-wire Systems Market - Market Dynamics

Key Drivers

• Increasing electrification in vehicles significantly drives the automotive brake-by-wire systems market growth. 
• Modern vehicles are equipped with various electronic components to improve functionality and reduce overall weight.
• Electrification of various mechanical systems has allowed automakers to increase efficiency, limit emissions and improve performance.
• Additionally, customers prefer vehicles that support advanced safety systems. Electrification is a key driver of technological development in the automotive industry.
• Hence, such factors drive the market during the forecast period.

Major Trends

• A growing focus on improving the reliability of electronic braking systems is an emerging trend influencing the automotive brake-by-wire systems market growth. 
• The global automotive industry sees the integration of advanced automotive technologies and systems.
• Over the past couple of decades, numerous systems and technologies have been developed for automotive applications.
• But its reliability and longevity have always been the primary concerns of market players., which can be attributed to the increasing adoption of newer electronic components, complex system designs, and the linking of different systems to work together.
• Hence, such trends fuel the market growth during the forecast period.

Significant Challenges

• The high cost of development and maintenance of electronic braking systems challenges the automotive brake-by-wire systems market growth. 
• The components and systems currently used in automobiles change from purely mechanical to electromechanical or fully electronic systems.
• The same can be observed in the car's brake-by-wire system.
• The use of electronic components and subsystems in such electronic braking systems increases their development costs, thus increasing the overall vehicle cost.
• Hence, such challenges impede market growth during the forecast period.

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What are the key data covered in this Automotive Brake-by-wire Systems Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Automotive Brake-by-wire Systems Market between 2023 and 2027
• Precise estimation of the size of the Automotive Brake-by-wire Systems Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Automotive Brake-by-wire Systems Market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Automotive Brake-by-wire Systems Market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive brake-by-wire systems market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global automotive brake-by-wire systems market 2017 - 2021 ($ million)

• 4.2 Vehicle Type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Vehicle Type

• 6.1 Market segments 
• Exhibit 30: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 6.2 Comparison by Vehicle Type 
• Exhibit 32: Chart on Comparison by Vehicle Type
• Exhibit 33: Data Table on Comparison by Vehicle Type

• 6.3 Electric - Market size and forecast 2022-2027
• Exhibit 34: Chart on Electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Electric - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Electric - Year-over-year growth 2022-2027 (%)

• 6.4 Non-electric - Market size and forecast 2022-2027
• Exhibit 38: Chart on Non-electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-electric - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-electric - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Vehicle Type 
• Exhibit 42: Market opportunity by Vehicle Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Vehicle Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Passenger vehicles - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Passenger vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Passenger vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Passenger vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Passenger vehicles - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial vehicles - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 56: Market opportunity by Application ($ million)
• Exhibit 57: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Akebono Brake Industry Co. Ltd. 
• Exhibit 111: Akebono Brake Industry Co. Ltd. - Overview
• Exhibit 112: Akebono Brake Industry Co. Ltd. - Business segments
• Exhibit 113: Akebono Brake Industry Co. Ltd. - Key offerings
• Exhibit 114: Akebono Brake Industry Co. Ltd. - Segment focus

• 12.4 Brembo Spa 
• Exhibit 115: Brembo Spa - Overview
• Exhibit 116: Brembo Spa - Business segments
• Exhibit 117: Brembo Spa - Key news
• Exhibit 118: Brembo Spa - Key offerings
• Exhibit 119: Brembo Spa - Segment focus

• 12.5 Continental AG 
• Exhibit 120: Continental AG - Overview
• Exhibit 121: Continental AG - Business segments
• Exhibit 122: Continental AG - Key offerings
• Exhibit 123: Continental AG - Segment focus

• 12.6 Haldex AB 
• Exhibit 124: Haldex AB - Overview
• Exhibit 125: Haldex AB - Product / Service
• Exhibit 126: Haldex AB - Key offerings

• 12.7 Hitachi Ltd. 
• Exhibit 127: Hitachi Ltd. - Overview
• Exhibit 128: Hitachi Ltd. - Business segments
• Exhibit 129: Hitachi Ltd. - Key news
• Exhibit 130: Hitachi Ltd. - Key offerings
• Exhibit 131: Hitachi Ltd. - Segment focus

• 12.8 HL Mando Co. Ltd. 
• Exhibit 132: HL Mando Co. Ltd. - Overview
• Exhibit 133: HL Mando Co. Ltd. - Product / Service
• Exhibit 134: HL Mando Co. Ltd. - Key offerings

• 12.9 Hyundai Motor Group 
• Exhibit 135: Hyundai Motor Group - Overview
• Exhibit 136: Hyundai Motor Group - Business segments
• Exhibit 137: Hyundai Motor Group - Key offerings
• Exhibit 138: Hyundai Motor Group - Segment focus

• 12.10 Knorr Bremse AG 
• Exhibit 139: Knorr Bremse AG - Overview
• Exhibit 140: Knorr Bremse AG - Business segments
• Exhibit 141: Knorr Bremse AG - Key offerings
• Exhibit 142: Knorr Bremse AG - Segment focus

• 12.11 KSR International Inc. 
• Exhibit 143: KSR International Inc. - Overview
• Exhibit 144: KSR International Inc. - Product / Service
• Exhibit 145: KSR International Inc. - Key offerings

• 12.12 Robert Bosch GmbH 
• Exhibit 146: Robert Bosch GmbH - Overview
• Exhibit 147: Robert Bosch GmbH - Business segments
• Exhibit 148: Robert Bosch GmbH - Key news
• Exhibit 149: Robert Bosch GmbH - Key offerings
• Exhibit 150: Robert Bosch GmbH - Segment focus

• 12.13 SFS Group AG 
• Exhibit 151: SFS Group AG - Overview
• Exhibit 152: SFS Group AG - Business segments
• Exhibit 153: SFS Group AG - Key offerings
• Exhibit 154: SFS Group AG - Segment focus

• 12.14 Stellantis NV 
• Exhibit 155: Stellantis NV - Overview
• Exhibit 156: Stellantis NV - Business segments
• Exhibit 157: Stellantis NV - Key news
• Exhibit 158: Stellantis NV - Key offerings
• Exhibit 159: Stellantis NV - Segment focus

• 12.15 Toyota Motor Corp. 
• Exhibit 160: Toyota Motor Corp. - Overview
• Exhibit 161: Toyota Motor Corp. - Business segments
• Exhibit 162: Toyota Motor Corp. - Key offerings
• Exhibit 163: Toyota Motor Corp. - Segment focus

• 12.16 Veoneer Inc. 
• Exhibit 164: Veoneer Inc. - Overview
• Exhibit 165: Veoneer Inc. - Business segments
• Exhibit 166: Veoneer Inc. - Key offerings
• Exhibit 167: Veoneer Inc. - Segment focus

• 12.17 ZF Friedrichshafen AG 
• Exhibit 168: ZF Friedrichshafen AG - Overview
• Exhibit 169: ZF Friedrichshafen AG - Business segments
• Exhibit 170: ZF Friedrichshafen AG - Key news
• Exhibit 171: ZF Friedrichshafen AG - Key offerings
• Exhibit 172: ZF Friedrichshafen AG - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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