The automotive brake system market is estimated to register a CAGR of over 5.5% during the forecast period, 2020-2025.

  • Automotive brake systems have gained traction in recent times, owing to the increasing need for advanced technology automotive brakes for commercial, as well as passenger vehicles. The increasing number of road accidents, worldwide, has led to governments and international organizations enacting various stringent safety norms, thereby, leading to automotive braking companies developing advanced braking technologies, such as the anti-lock braking system (ABS). Government mandates have led to automotive manufacturing companies, worldwide, incorporating the ABS in every vehicle they manufacture. 40 countries of United Nations Economic Commission for Europe (UNECE) agreed to mandatorily adopt Automatic Emergency Braking (AEB) systems for vehicles by 2020. These factors are expected to drive the growth of market.
  • The main factors propelling the development in brake technology is the demand for weight reduction per wheel for improved efficiency and recovery and dissipation of heat through regenerative braking. The growth in autonomous vehicles that will need intensive smart use of brake and steering technology is expected to positively affect the market.
  • The rise of advanced ride-by-wire technology, also known as the electronically controlled braking system, eliminates the need for pumps, hoses, belts, fluids, cylinders, and vacuum servos, with the use of electronic sensors and electrical actuators. Introduction of Integrated Brake Controls (IBC) in 2019 is an important breakthrough in brake-by-wire technology. ZF TRW’s IBC uses a small high-pressure pump that eliminates the need of vacuum pumps, hydro boost units and vacuum boosters. The growth in the sales of electric and hybrid vehicles is expected to lead to an increase in demand for the brake-by-wire system, which shall provide growth opportunities for various players in the market in the coming years.



Key Market Trends

Carbon and Ceramic segment projected to grow at a high pace

Moto racing sports have greatly contributed to the developments in vehicle braking technology. Carbon-Carbon brakes that were initially used in formula 1 are now used in top end cars such as Ferrari, Lamborghini and sports cars from Audi and BMW. However, carbon-carbon brakes are very costly (up to USD 20000) and this factor can hinder the growth rate. Carbon-Ceramic brakes are formed by coating carbon fiber disc with ceramic braking surface coating. They weigh almost 50% less than cast iron rotor brakes and have a negligible wear and tear rate but the cost of replacement of such brakes is also 3 to 5 times higher than normal brakes.

Multi piston calipers usage is also increasing significantly. This type of caliper uses larger curved brake pads with large swept area which helps in effective distribution of force on the brake pads.

Asia-Pacific is expected to see the highest growth

In the automotive brake system market, the growth of the Asia-Pacific region is expected to be more during the forecast period. China is one of the biggest automotive markets in the world. The growing Chinese economy and rising disposable incomes of people in China have increased the demand for vehicles in the country. Additionally, the low production costs in China has favored the growth of vehicle manufacturing in China. In 2018, China produced 27.8 million vehicles.

Moreover, the rising number of accidents in India has led to an increase in safety features, especially in the mid-level vehicles. In order to minimize such incidents, the Indian government has made it mandatory for all automobile companies to install anti-lock braking systems in their vehicles by April 2019. 2-wheeler models such as Hero Karizma, Bajaj V15 and car models such as Hyundai Eon, Honda Brio, Fiat Punto, Tata Bolt, etc. were discontinued due to lack of ABS and stringent government emission and safety norms. India is also one of the largest producers of automobiles in Asia Pacific. Thus, such developments are expected to drive the growth of the automotive brake system market in Asia-Pacific.

Competitive Landscape

The automotive brake system market is fragmented, with various players existing in the market. Advics Co. Ltd is the leading player in the market. The market is driven by the vehicle production trend, aftermarket replacement rate, and acquisition activities among the key players.

Other players in the market include Akebono Brake Industry Co., Brembo SpA, Continental AG, ZF TRW CO., etc. Some of the recent developments in braking technology are

  • New wheel concept by Continental is designed to assist electric vehicles in regenerative braking. This concept increases comfort by lowering corner weights and also provides safety through larger friction radius and longer availability of braking functions. It also reduces the total cost of ownership.
  • Nissan motor’s Electric Driven Intelligent Brake (EDIB) produces adequate braking force and also helps in regenerative braking using motor that converts kinetic energy into electrical energy while deceleration. It also manages the reactive force from the pedal to unify the feeling of deceleration and stepping down on the brake pedal.



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