Report Feature
The technologies in the automotive brake have undergone significant changes in recent years, from conventional brakes to electronic brake system technologies. The rising wave of new technologies, such as electronic stability control coupled with anti lock braking system and traction control systems are creating significant potential for automotive brake in various applications due to the growing demand for safety systems to avoid accidents and increasing automotive production.
In the automotive brake market, various technologies, such as anti-lock braking system (ABS), traction control system (TCS), and electronic stability control (ESC) are used in passenger cars, light commercial vehicle, heavy commercial vehicle, and two-wheeler applications. Increasing demand for road safety regulations, technological advancement in brake systems, and increase in automotive production are creating new opportunities for automotive brake technologies.
Some of the latest technological developments by various countries in the automotive brake market are as follows:
Some of the latest technological developments by various countries in the automotive brake market are as follows:
- Europe: The European Union (EU) has mandated electronic stability control (ESC) and emergency brake assist (EBA) systems in new cars. Continental AG announced an advanced ESC system with improved intervention for off-road situations.
- China: The Chinese government is expected to make advanced driver-assistance systems (ADAS), including ESC. Local players like BYD are developing in-house ESC systems to compete with established players like Bosch.
- United States: There are currently no federal regulations mandating specific braking technologies. However, the National Highway Traffic Safety Administration (NHTSA) is exploring making some ADAS features mandatory in the future. Tier 1 suppliers like TRW Automotive (acquired by ZF Friedrichshafen) are focusing on lighter and more efficient brake components for electric vehicles.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the automotive brake market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global automotive brake by application, technology, and region as follows:
Technology Readiness by Technology
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology
Trends and Forecasts by Technology Type [Value ($M) shipment analysis from 2018 to 2030]:
- Anti-Lock Braking System
- Traction Control System
- Electronic Stability Control
- Others
Trends and Forecasts by Application [Value ($M) shipment analysis from 2018 to 2030]:
- Passenger Cars
- Anti-Lock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Control (ESC)
- Others
- Light Commercial Vehicle
- Anti-Lock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Control (ESC)
- Others
- Heavy Commercial Vehicle
- Anti-Lock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Control (ESC)
- Others
- Two-Wheeler Motor Vehicles
- Anti-Lock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Control (ESC)
- Others
Trend and Forecast by Region [Value ($M) shipment analysis for 2018 – 2030]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Latest Developments and Innovations in the Automotive Brake Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Emerging technology trends, which have a direct impact on the dynamics of the industry, include integration of different technologies in one system and brake-by-wire systems.Some of the automotive Brake companies profiled in this report includes Continental AG, Robert Bosch GmbH, Advics Co. LTD, Mando, ZF Friedrichshafen, and Akebono.
Below are the latest technological developments from top companies in the automotive brake market:
Below are the latest technological developments from top companies in the automotive brake market:
- Bosch unveiled its new modular ABS solution, offering greater scalability and cost-effectiveness for automakers producing a wider range of vehicles, with a target to increase market share in the entry-level car segment.
- ZF Friedrichshafen AG acquired a smaller competitor specializing in advanced TSC technologies, aiming to expand its product portfolio and strengthen its position in the market.
- Aisin Seiki Co. Ltd announced a significant capex investment to expand its production capacity for TCS components, aiming to meet the growing demand for electronic stability control systems, which often include TCS functionality.
- WABCO Holdings Inc. set ambitious targets to increase its market share in the ESC segment by 10% within the next three years, focusing on strategic partnerships with major automakers.
- Nissin Kogyo Co., Ltd. unveiled its new ESC system with improved integration with driver-assistance features, promoting safety and autonomous driving capabilities.
- Brembo S.p.A. showcased its innovative regenerative braking system prototype at a recent auto show, aiming to capture a share of the emerging market for electric vehicle braking solutions that improve efficiency and range.
- Hitachi Astemo, Ltd. announced its collaboration with a university research team to develop a new sensor technology for advanced brake-by-wire systems, targeting a future of fully autonomous vehicles.
The Lucintel study finds that the total market size of the automotive brake market is anticipated to be $29.6 billion in 2030 and is forecast to grow at 5.0% during next five years. Electronic stability control technology is the largest segment of the automotive brake market, due to mandatory regulations in many countries for adopting ESC in all the vehicles and its affordability that makes it more usable.
This report answers following 9 key questions:
Q.1 What are some of the most promising and high-growth technology opportunities for the automotive brake market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in automotive brake market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in automotive brake market?
Q.6 What are the latest developments in automotive brake technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this automotive brake market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this automotive brake technology space?
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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