NEW YORK, Feb. 28, 2022 /PRNewswire/ -- The latest automotive brake-by-wire systems market report by Technavio infers that the greater effectiveness and efficiency of brake-by-wire systems are driving this market's growth,
resulting in market growth of USD 8.04 billion from 2021 to 2026.
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Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive brake-by-wire systems market report covers the following areas:
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
Aisin Corp., Akebono Brake Industry Co. Ltd., Autoliv Inc., Brembo Spa, Continental AG, Haldex AB, Hitachi Ltd., Hyundai Mobis Co. Ltd., Knorr Bremse AG, KSR International Inc., Mando Corp., Robert Bosch GmbH, SFS Group AG, Veoneer Inc., and ZF Friedrichshafen AG, among others, are some of the few key vendors competing to maintain their market position in the market.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
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Regional Market Outlook
APAC will contribute to 52% of the market growth during the forecast period. The growth of this region can be attributed to the high-volume sales of hybrid passenger vehicles fitted with brake-by-wire systems from automakers. If we look at the country-wise market growth, China and Japan will contribute to the highest market growth.
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Latest Trends and Drivers in the Automotive Brake-by-wire Systems Market
These systems gather data from different sensors such as wheel speed sensors, acceleration sensors, and steering angle sensors. The complied data allows the systems to react quickly. Brake-by-wire systems are also characterized by their smoother, vibration-free, and noiseless operations. Such benefits are expected to drive the market growth during the forecast period.
Technical issues and malfunctioning associated with the electronic braking systems have periodically led to vehicle recalls. This has compelled automakers and advanced braking system developers to collaborate and make them fail-proof. Braking systems, like brake-by-wire systems, are becoming increasingly reliable, their adoption will increase in the global automotive market during the forecast period.
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Automotive Brake-by-wire Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 25.31% |
Market growth 2022-2026 |
USD 8.04 billion |
Market structure |
Fragmented |
YoY growth (%) |
21.86 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key consumer countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aisin Corp., Akebono Brake Industry Co. Ltd., Autoliv Inc., Brembo Spa, Continental AG, Haldex AB, Hitachi Ltd., Hyundai Mobis Co. Ltd., Knorr Bremse AG, KSR International Inc., Mando Corp., Robert Bosch GmbH, SFS Group AG, Veoneer Inc., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Vehicle Type
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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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SOURCE Technavio
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