Global Automotive Brake-By-Wire (BBW) Systems Market Research Reports Information By Component (Brake pedal sensor, Electronic control unit (ecu), Brake actuators, Wheel speed sensors, Steering wheel angle sensors, Yaw sensor, Pressure sensor, Others), By Type (Electro-hydraulic brakes (EHB), Electro-mechanical brakes (EMB), Electric parking brakes (EPB)), By vehicle type (Passenger cars, Commercial vehicles, Off-highway vehicles, Two-wheelers), by solution (One box, Two box) by vehicle propulsion (Ice and Electric vehicles) by sales channel (OEM and aftermarket) Forecast to 2032
Market Synopsis
In 2022, the automotive brake-by-wire (BBW) systems market size was estimated to be worth USD 5,403.3 million. The Automotive Brake-By-Wire (BBW) Systems market is expected to expand at a compound annual growth rate (CAGR) of 6.4% between 2023 and 2030, from USD 5,791.6 million in 2023 to USD 10,748.1 million by 2030. The primary major factors propelling the growth of the Automotive Brake-By-Wire (BBW) Systems market are the growing need for sophisticated safety features and the growing demand for BBW systems in current cars due to its many advantages over conventional mechanical brake systems.
The BBW market has grown significantly in recent years, mostly as a result of the trend of decreasing automotive system components. This technological advancement is increasing efficiency, safety, and performance in braking systems by replacing conventional mechanical components with electronic ones. The BBW market is expanding as a result of the components' growing miniaturization.
The trend toward more lightweight and compact vehicle designs is driving uptake of BBW. Parts that are lighter and smaller are in greater demand as manufacturers work to improve fuel economy and cut pollution. Electronic braking systems can now be installed in cars without adding a lot of weight because to miniaturization, which reduces total weight and increases fuel economy. This supports international initiatives to provide more environmentally friendly and sustainable transportation options.
Insights on Market Segments
Brake pedal sensor, electronic control unit (ecu), brake actuators, wheel speed sensors, steering wheel angle sensors, yaw sensor, pressure sensor, and others are included in the Automotive Brake-By-Wire (BBW) Systems Market segmentation based on component.
The market is divided into three categories based on type: electric parking brakes (epb), electro-mechanical brakes (emb), and electro-hydraulic brakes (ehb).
The Automotive Brake-By-Wire (BBW) Systems Market is segmented based on the type of vehicle, with passenger cars, commercial vehicles, off-highway vehicles, and two-wheelers included.
The market is split into one box and two boxes based on the solution.
The Automotive Brake-By-Wire (BBW) Systems Market is divided into Ice and Electric vehicles based on the type of vehicle propulsion. OEM and Aftermarket are included in the market segmentation based on sales channel.
Regional Perspectives
In 2022, the European Automotive Brake-By-Wire (BBW) Systems market held a share of approximately 38.2%. the region's substantial Automotive Brake-By-Wire (BBW) Systems sectors and sports' expanding appeal. The Europe region's sizable online sports betting market is one of the main drivers of demand for Automotive Brake-By-Wire (BBW) Systems. Numerous reasons, including as strict safety requirements, technological advances, and the presence of top automakers, are driving the growth of the automotive BBW systems market in Europe. The growing need for sophisticated safety systems and features in cars is one driving element that is unique to the area. Automotive BBW systems complement the region's emphasis on vehicle safety by providing better braking performance, reactivity, and control.
The market with the second-largest share is Asia-Pacific. The region's thriving automotive sector, rising disposable incomes, and technological improvements are all factors contributing to the growth of the automotive BBW systems market in Asia-Pacific. The region's market is expanding as a result of rising demand for both passenger and commercial vehicles. The region's growing car sales are a result of growing urbanization, an expanding middle class, and improved infrastructure. Better safety, performance, and control are provided by automotive BBW systems, which are in line with the region's emphasis on raising driving standards and driving pleasure.
Principal Players
SFS Group, Hitachi Astemo, Ltd., HYUNDAI MOBIS, ZF Friedrichshafen AG, Veoneer HoldCo, LLC., Nasn Automotive Electronics, Robert Bosch GmbH, Continental AG, Brembo S.p.A., AKEBONO BRAKE INDUSTRY CO., LTD., HL Mando Corp, AISIN CORPORATION, Knorr Bremse AG, KSR International Inc., and Haldex Industries Corporation are the leading players in the market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 OVERVIEW
- 3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
- 3.3 PURCHASED DATABASE:
- 3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
- 3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
- 3.6.2 DATA FORECASTING TECHNIQUE
- 3.7 DATA MODELING
- 3.7.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.7.2 DATA MODELING:
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING DEMAND OF BBW SYSTEMS IN MODERN AUTOMOBILES DUE TO THEIR NUMEROUS ADVANTAGES OVER TRADITIONAL MECHANICAL BRAKE SYSTEMS
- 4.2.2 INCREASING DEMAND FOR ADVANCED SAFETY FEATURES
- 4.2.3 GROWING FOCUS ON FUEL EFFICIENCY
- 4.2.4 GROWING DEMAND FOR ADAPT IN DIVERSE DRIVING CONDITIONS FEATURES DRIVES BRAKE BY WIRE
- 4.3 RESTRAINTS
- 4.3.1 HIGH COST OF THE BBW SYSTEMS
- 4.3.2 GOVERNMENT REGULATIONS AND MAINTENANCE COMPLEXITY SETBACKS ROBUST MARKET GROWTH
- 4.4 OPPORTUNITY
- 4.4.1 DEVELOPMENT OF NEW FEATURES
- 4.4.2 INCREASING DEMAND FOR AUTONOMOUS VEHICLES
- 4.4.3 GROWING POPULARITY OF ELECTRIC VEHICLES (EVS)
- 4.5 CHALLENGES
- 4.5.1 RELIABILITY CONCERNS
- 4.5.2 IMPACT OF TRADITIONAL BRAKING SYSTEMS ON BBW ADOPTION
- 4.6 TRENDS
- 4.6.1 MINIATURIZATION OF COMPONENTS
- 4.6.2 WIRELESS COMMUNICATION
- 4.6.3 GROWING EMPHASIS ON ENERGY EFFICIENCY AND SUSTAINABILITY
- 4.6.4 INTEGRATION OF BRAKE-BY-WIRE WITH VEHICLE-TO-EVERYTHING (V2X) COMMUNICATION
- 4.6.5 COST REDUCTION STRATEGIES AND ECONOMIES OF SCALE
- 4.7 COVID-19 IMPACT ANALYSIS
- 4.7.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY
- 4.7.2 IMPACT ON THE SUPPLY CHAIN OF AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS
- 4.7.2.1 PRICE VARIATION OF KEY RAW MATERIAL
- 4.7.2.2 PRODUCTION SHUTDOWN
- 4.7.2.3 CASH FLOW CONSTRAINTS
- 4.7.2.4 IMPACT ON IMPORT/EXPORT
- 4.7.3 IMPACT ON MARKET DEMAND OF AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS
- 4.7.4 IMPACT DUE TO RESTRICTION/LOCKDOWN
- 4.7.4.1 CONSUMER SENTIMENTS
- 4.7.5 IMPACT ON PRICING OF AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS
5 MARKET FACTOR ANALYSIS
- 5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL SUPPLIERS
- 5.1.2 COMPONENTS SUPPLIERS
- 5.1.3 BRAKE BY WIRE MANUFACTURERS
- 5.1.4 TIER SUPPLIERS 63
- 5.1.5 OEMS
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
- 5.3 MARKET SWOT ANALYSIS
- 5.4 MARKET PESTEL ANALYSIS
- 5.4.1 POLITICAL
- 5.4.2 ECONOMIC
- 5.4.3 SOCIAL
- 5.4.4 TECHNOLOGICAL
- 5.4.5 ENVIRONMENTAL
- 5.4.6 LEGAL
- 5.5 REGULATORY OUTLOOK BY COUNTRY:
- 5.6 SAFETY REQUIREMENTS STANDARDS BY COUNTRY
- 5.7 PATENT ANALYSIS
- 5.8 CURRENT & FUTURE TECHNOLOGICAL INNOVATIONS
- 5.9 CUSTOMER USAGE OF BRAKE-BY-WIRE (BBW) SYSTEMS
- 5.10 IMPACT OF BBW SYSTEMS ON THE AUTOMOTIVE INDUSTRY
- 5.11 FUTURE OF BBW SYSTEMS
6 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY COMPONENT
- 6.1 OVERVIEW
- 6.2 BRAKE PEDAL SENSOR
- 6.3 ELECTRONIC CONTROL UNIT (ECU)
- 6.4 BRAKE ACTUATORS
- 6.5 WHEEL SPEED SENSORS
- 6.6 STEERING WHEEL ANGLE SENSORS
- 6.7 YAW SENSOR
- 6.8 PRESSURE SENSOR
- 6.9 OTHERS
7 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY TYPE
- 7.1 INTRODUCTION
- 7.2 ELECTRO-HYDRAULIC BRAKES (EHB)
- 7.3 ELECTRO-MECHANICAL BRAKES (EMB)
- 7.4 ELECTRIC PARKING BRAKES (EPB)
8 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY VEHICLE TYPE
- 8.1 INTRODUCTION
- 8.2 PASSENGER CARS
- 8.3 COMMERCIAL VEHICLES
- 8.4 OFF-HIGHWAY VEHICLES
- 8.5 TWO-WHEELERS
9 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY SOLUTION
- 9.1 INTRODUCTION
- 9.2 ONE BOX
- 9.3 TWO BOX
10 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY VEHICLE PROPULSION
- 10.1 INTRODUCTION
- 10.2 ICE
- 10.3 ELECTRIC VEHICLES
11 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY SALES CHANNEL
- 11.1 INTRODUCTION
- 11.2 OEM
- 11.3 AFTERMARKET
12 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY REGION
- 12.1 OVERVIEW
- 12.1.1 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY REGION, VS 2032 (USD MILLION) 107
- 12.1.2 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY REGION,-2032 (USD MILLION) 108
- 12.1.3 GLOBAL AUTOMOTIVE BRAKE-BY-WIRE (BBW) SYSTEMS MARKET, BY REGION,-2032 (000' UNITS) 108
- 12.2 NORTH AMERICA
- 12.2.1 US
- 12.2.2 CANADA
- 12.2.3 MEXICO
- 12.3 EUROPE
- 12.3.1 GERMANY
- 12.3.2 UK
- 12.3.3 FRANCE
- 12.3.4 ITALY
- 12.3.5 SPAIN
- 12.3.6 AUSTRIA
- 12.3.7 BELGIUM
- 12.3.8 POLAND
- 12.3.9 ROMANIA
- 12.3.10 TURKEY
- 12.3.11 REST OF EUROPE
- 12.4 ASIA-PACIFIC
- 12.4.1 CHINA
- 12.4.2 JAPAN
- 12.4.3 SOUTH KOREA
- 12.4.4 SOUTH ASIA
- 12.4.5 REST OF ASIA-PACIFIC
- 12.5 SOUTH & CENTRAL AMERICA
- 12.5.1 BRAZIL
- 12.5.2 ARGENTINA
- 12.5.3 COLOMBIA
- 12.5.4 REST OF SOUTH & CENTRAL AMERICA
13 COMPETITIVE LANDSCAPE
- 13.1 INTRODUCTION
- 13.2 MARKET SHARE ANALYSIS, 224
- 13.3 COMPETITOR DASHBOARD
- 13.3.1 PARTNERSHIP/COLLBORATION
- 13.3.2 PRODUCT DEVELOPMENT/NEW PRODUCT
- 13.3.3 AGREEMENT/CONTRACT/ACQUISITION
- 13.3.4 MERGER
14 COMPANY PROFILES
- 14.1 ROBERT BOSCH GMBH
- 14.1.1 COMPANY OVERVIEW
- 14.1.2 FINANCIAL OVERVIEW
- 14.1.3 PRODUCTS OFFERED
- 14.1.4 KEY DEVELOPMENTS
- 14.1.5 SWOT ANALYSIS
- 14.1.6 KEY STRATEGIES
- 14.2 CONTINENTAL AG
- 14.2.1 COMPANY OVERVIEW
- 14.2.2 FINANCIAL OVERVIEW
- 14.2.3 PRODUCTS OFFERED
- 14.2.4 KEY DEVELOPMENTS
- 14.2.5 SWOT ANALYSIS
- 14.2.6 KEY STRATEGIES
- 14.3 BREMBO S.P.A
- 14.3.1 COMPANY OVERVIEW
- 14.3.2 FINANCIAL OVERVIEW
- 14.3.3 PRODUCTS OFFERED
- 14.3.4 KEY DEVELOPMENTS
- 14.3.5 SWOT ANALYSIS
- 14.3.6 KEY STRATEGIES
- 14.4 AKEBONO BRAKE INDUSTRY CO., LTD.
- 14.4.1 COMPANY OVERVIEW
- 14.4.2 FINANCIAL OVERVIEW
- 14.4.3 PRODUCTS OFFERED
- 14.4.4 KEY DEVELOPMENTS
- 14.4.5 SWOT ANALYSIS
- 14.4.6 KEY STRATEGIES
- 14.5 HALDEX
- 14.5.1 COMPANY OVERVIEW
- 14.5.2 FINANCIAL OVERVIEW
- 14.5.3 PRODUCTS OFFERED
- 14.5.4 KEY DEVELOPMENTS
- 14.5.5 SWOT ANALYSIS
- 14.5.6 KEY STRATEGIES
- 14.6 HL MANDO CORP
- 14.6.1 COMPANY OVERVIEW
- 14.6.2 FINANCIAL OVERVIEW
- 14.6.3 PRODUCTS OFFERED
- 14.6.4 KEY DEVELOPMENTS
- 14.6.5 SWOT ANALYSIS
- 14.6.6 KEY STRATEGIES
- 14.7 AISIN CORPORATION
- 14.7.1 COMPANY OVERVIEW
- 14.7.2 FINANCIAL OVERVIEW
- 14.7.3 PRODUCTS OFFERED
- 14.7.4 KEY DEVELOPMENTS
- 14.7.5 SWOT ANALYSIS
- 14.7.6 KEY STRATEGIES
- 14.8 KNORR BREMSE AG
- 14.8.1 COMPANY OVERVIEW
- 14.8.2 FINANCIAL OVERVIEW
- 14.8.3 PRODUCTS OFFERED
- 14.8.4 KEY DEVELOPMENTS
- 14.8.5 SWOT ANALYSIS
- 14.8.6 KEY STRATEGIES
- 14.9 KSR INTERNATIONAL INC.
- 14.9.1 COMPANY OVERVIEW
- 14.9.2 FINANCIAL OVERVIEW
- 14.9.3 PRODUCTS OFFERED
- 14.9.4 KEY DEVELOPMENTS
- 14.9.5 SWOT ANALYSIS
- 14.9.6 KEY STRATEGIES
- 14.10 SFS GROUP
- 14.10.1 COMPANY OVERVIEW
- 14.10.2 FINANCIAL OVERVIEW
- 14.10.3 PRODUCTS OFFERED
- 14.10.4 KEY DEVELOPMENTS
- 14.10.5 SWOT ANALYSIS
- 14.10.6 KEY STRATEGIES
- 14.11 HITACHI ASTEMO, LTD.
- 14.11.1 COMPANY OVERVIEW
- 14.11.2 FINANCIAL OVERVIEW
- 14.11.3 PRODUCTS OFFERED
- 14.11.4 KEY DEVELOPMENTS
- 14.11.5 SWOT ANALYSIS
- 14.11.6 KEY STRATEGIES
- 14.12 HYUNDAI MOBIS
- 14.12.1 COMPANY OVERVIEW
- 14.12.2 FINANCIAL OVERVIEW
- 14.12.3 PRODUCTS OFFERED
- 14.12.4 KEY DEVELOPMENTS
- 14.12.5 SWOT ANALYSIS
- 14.12.6 KEY STRATEGIES
- 14.13 ZF FRIEDRICHSHAFEN AG
- 14.13.1 COMPANY OVERVIEW
- 14.13.2 FINANCIAL OVERVIEW
- 14.13.3 PRODUCTS OFFERED
- 14.13.4 KEY DEVELOPMENTS
- 14.13.5 SWOT ANALYSIS
- 14.13.6 KEY STRATEGIES
- 14.14 VEONEER HOLDCO, LLC.
- 14.14.1 COMPANY OVERVIEW
- 14.14.2 FINANCIAL OVERVIEW
- 14.14.3 PRODUCTS OFFERED
- 14.14.4 KEY DEVELOPMENTS
- 14.14.5 SWOT ANALYSIS
- 14.14.6 KEY STRATEGIES
- 14.15 NASN AUTOMOTIVE ELECTRONICS
- 14.15.1 COMPANY OVERVIEW
- 14.15.2 FINANCIAL OVERVIEW
- 14.15.3 PRODUCTS OFFERED
- 14.15.4 KEY DEVELOPMENTS
- 14.15.5 SWOT ANALYSIS
- 14.15.6 KEY STRATEGIES
- 14.16 SHANGHAI TONGYU AUTOMOTIVE TECHNOLOGY CO., LTD.
- 14.16.1 COMPANY OVERVIEW
- 14.16.2 FINANCIAL OVERVIEW
- 14.16.3 PRODUCTS OFFERED
- 14.16.4 KEY DEVELOPMENTS
- 14.16.5 SWOT ANALYSIS
- 14.16.6 KEY STRATEGIES