Brake-by-Wire System Market Expectations & Growth Trends Highlighted until 2026
Fact.MR has announced the addition of the “ Brake-by-Wire System Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026"report to their offering.
[UKPRwire, Wed Jul 17 2019] Brake-by-Wire System Market Introduction
Brake-by-wire system is a technology in which hydraulic and mechanical components of the traditional brake systems are replaced by electronic actuators and sensors for the function of braking in the automobiles. `The brake-by-wire system is more efficient in terms of braking efficiency, system design, and effectiveness in comparison to the traditional braking system.
Brake-by-wire system is used across various types of vehicles including passenger and commercial vehicles. It is also finding wide application in heavy duty commercial vehicles where it is known as electronic braking system. Manufacturers in the brake-by-wire system market are focusing on developing advanced brake technology for the brake-by-wire system. Brake-by-wire system is also witnessing increasing demand in electric and hybrid cars across regions.
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Brake-by-Wire System Market: Notable Highlights
ZF Friedrichshafen to acquire Wabco for over US$7 billion. Acquisition of Wabco will help ZF to accelerate the development of new technologies for autonomous commercial vehicles.
Yandex partners with Hyundai Mobis to develop driverless cars. Both the companies have signed an MoU for joint development of a control system for driverless cars. The prototype of a driverless vehicle will be launched before the end of 2019.
Volvo has developed new hybrid powertrains for their cars. The automaker will also energy recovery braking system along with the brake-in-wire system acting as the interface between brakes and brake pedal.
Leading players operating in the brake-in-wire system market are Nissin Kogyo Co., Brembo S.P.A, Continental, KSR international, ADVICS, ZF Friedrichshafen, Robert Bosch Gmbh, Haldex, Wabco Holdings Inc., Hitachi Automotive system Americas, and others.
Brake-by-Wire System Market Dynamics
Increasing Demand from Electric and Hybrid Vehicles Driving Brake-by-Wire System Market Growth
The brake-by-wire system is finding wide application in hybrid and electric vehicles. Moreover, brake-by-wire system is also common in the form of electric park brake that is widely used across mainstream vehicles. Automotive companies with launch of electric cars are using brake-by-wire system on a large scale. Recently, Audi released E-tron electric vehicle with brake-by-wire system which is electrohydraulic. Toyota’s Prius Hybrid and Estima Hybrid are also using brake-by-wire system.
Owing to the rise in electric vehicle development and sales, manufacturers in the brake-by-wire system market are also focusing on developing advanced system to offer a unique product and increase sales. For instance, Continental developed new brake-by-wire system with the brake technology that is based on 12V electrical system.
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Increased Efficiency and Effectiveness to Drive Demand in Brake-by-Wire System Market
The braking efficiency and effectiveness offered by brake-by-wire system as compared to the traditional braking system is driving the demand in the brake-by-wire system market. Manufacturers are developing brake-by-wire systems including sub-systems and electronic components such as actuators, sensors, and control unit to analyze vehicle data correctly. The brake-by-wire system also helps to gather vehicle data from different sensors in the vehicle which allow brake-by-wire system to react quickly, thereby, reducing the stopping distance. The features and innovative technology in brake-by-wire systems makes it more efficient, this is leading to the wide adoption of brake-by-wire system by automotive manufacturers.
Brake System Failure Emerging as the Challenge in Brake-by-Wire System Market
Some sensors in the brake-by-wire cars are safety-critical components and failure of these sensors disrupt the vehicle function. For instance, failure in brake pedal sensor and wheel speed sensor in vehicle and missing the data in these sensors can affect the functionality of vehicle control system. Majority of the brake-by-wire systems used in the vehicles are designed to use existing sensors that have been proven to be dependable in the brake system components.
Moreover, the brake control software holds the high potential risk for the failure of the brake system. The National Transportation Safety Board (NTSB) has recorded over 200 cases of recurring failure in the brake system. Moreover, manufacturers in the brake-in-wire system guarding the confidentiality of the system software and design are restricting the independent validation of the brake systems.
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Brake-by-wire system Market- Key Segments
According to the type, the Brake-by-wire systems are segmented as
Hydraulic or Wet type
Electronic or Dry type
According to the sales channels, the Brake-by-wire systems are segmented as
Brake-by-wire system Market- Key Manufacturers
The key manufacturers for the brake-by-wire system are KSR international, Brembo S.P.A, ADVICS, Continental, HYUNDAI MOBIS, ZF Friedrichshafen, Wabco Holdings Inc, Robert Bosch Gmbh, Hitachi Automotive system Americas, Nissin Kogyo Co., Ltd, Haldex and other.
Brake-by-wire system Market- Competitive Analysis
The market for Brake-by-wire system is moderately fragmented because of the presence of key players. The necessity for improving the Brake-by-wire system reliability and performance has become one of the main areas of concentration for the automotive brake manufacturers. More modern technologies are being introduced from time-to-time, which is intended to enhance the performance of brake-by-wire system. This would make way for the manufacturers to deliver more efficient, newer generation and technologically advanced Brake-by-wire systems during the forecast period.
The research report presents a comprehensive assessment of the brake-by-wire market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments, such as geographies, application and industry.
The Brake-by-wire market report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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