Automotive Brake System Market - By Type: Disc Brakes, Drum Brakes, Anti-lock Braking System (ABS), Regenerative Brakes. By Application: Passenger Vehicles, Commercial Vehicles. By End-user Industry: Automotive, Transportation, OEM. By Technology: Electronic Stability Program (ESP), Brake Assist, Air Brakes. By Distribution Channel: OEM, Aftermarket. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
The global Automotive Brake System Market was valued at USD 31.2 billion in 2023 and is projected to reach USD 48.9 billion by 2031, growing at a CAGR of 5.8%. Stringent safety regulations, the adoption of EVs, and advancements in brake-by-wire technology are driving market growth.
2024 Market Breakthroughs
Market Drivers
1. Safety Regulations
2. EV-Specific Demands
3. Performance Market Growth
Competitive Landscape
|
Company |
Market Share |
Flagship Innovation |
Strategic Edge |
|
Bosch |
22% |
iBooster + ESP®hev |
EV brake system integration |
|
Brembo |
XX% |
Sensify™ AI Braking |
Performance segment leader |
|
Continental |
XX% |
MK C2 Brake-by-Wire |
Autonomous vehicle ready |
Emerging Disruptors:
Market Segmentation
Recent Developments (2024)
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