Global automotive industry is witnessing a shift towards high safety systems, which has also resulted in transition in the vehicle brakes systems from mechanical and hydraulic towards electronic systems. Brakes are fundamental safety vehicular devices, which include various components such as brake drum, brake shoe, brake pads, piston, rotor, master cylinder, caliper and brake booster.
Modern vehicle brake system may use three features namely friction, pumping and electromagnetic. Friction is the most common configuration wherein friction produced by one or two components is generally used to stop a moving vehicle. Electromagnetic or electro-mechanical brakes are becoming more popular in aircrafts. Electromagnetic brakes can be used as regenerative braking system due to their minimized wear and tear of components. Friction brakes are further categorized as drum brakes and disc brakes. Drum brakes uses brake shoe to produce friction, whereas in disc brakes brake pads are used as the frictional materials. Disc brakes dominate the current market.
The introduction of Electronic Braking System (EBS) by automotive manufacturers has revolutionized the industry. EBS, which uses electronic system to communicate with brake components, offers enhanced braking stability and reduction in stopping distance. The other benefits of EBS over mechanical or hydraulic braking systems are lesser number of brake system components, lower maintenance, predictive braking controls and enhanced diagnostics of the complete system. Simultaneously, EBS also offers functions such as Traction Control System (TCS), Antilock Brake System (ABS), among others. Increasing adoption of electric & hybrid vehicles and demand for efficient braking systems are driving the growth of EBS market.
Increasing vehicle production to meet the ever rising demand around the world is considered to be the major key growth driver for automotive brake market. In addition, increasing safety concerns along with strict government mandates to improve vehicle safety is also contributing to the growing demand of automotive brakes. The major restraint for the market is the high cost associated with newer technology such as EBS.
ASDReport.com has an extensive collection of reports on automotive brakes market. The reports cover various segments related to brakes like, automotive electronic brake system, brake boosters and much more.