LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive brake-by-wire systems market and it is poised to grow by 1204.08 thousand units during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive brake-by-wire systems market. The market growth in 2020 is likely to decrease compared to market growth in 2019.
Frequently Asked Questions:
Based on segmentation by Type, which is the leading segment in the market?
The non-electric vehicle is the leading segment in the market.
What are the major trends in the market?
The growing focus on improving the reliability of electronic braking systems is one of the major trends in the market.
At what rate is the market projected to grow?
The market growth will accelerate at a CAGR of almost 9%.
Who are the top players in the market?
Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Hitachi Ltd., Hyundai Mobis Co. Ltd., KSR International Inc., Robert Bosch GmbH, Veoneer Inc., and ZF Friedrichshafen AG are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the greater effectiveness and efficiency of brake-by-wire systems. However, the high cost of development and maintenance of electronic braking systems will challenge the growth of the market.
How big is the European market?
33% of the market’s growth will originate from Europe in 2019.
Related Reports on Consumer Discretionary Include:
Global Automotive Wheel Speed Sensor Market - Automotive Wheel Speed Sensor Market is segmented by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Automotive Racing Seat Market - Automotive Racing Seat Market is segmented by application (high-performance and eco-performance) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Hitachi Ltd., Hyundai Mobis Co. Ltd., KSR International Inc., Robert Bosch GmbH, Veoneer Inc., and ZF Friedrichshafen AG are some of the major market participants. Although the greater effectiveness and efficiency of brake-by-wire systems will offer immense growth opportunities, the high cost of development and maintenance of electronic braking systems is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive brake-by-wire systems market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Brake-by-wire Systems Market 2020-2024: Segmentation
Automotive Brake-by-wire Systems Market is segmented as below:
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45785
Automotive Brake-by-wire Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive brake-by-wire systems market report covers the following areas:
- Automotive Brake-by-wire Systems Market Size
- Automotive Brake-by-wire Systems Market Trends
- Automotive Brake-by-wire Systems Market Industry Analysis
This study identifies a growing focus on improving the reliability of electronic braking systems as one of the prime reasons driving the Automotive Brake-by-wire Systems Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Automotive Brake-by-wire Systems Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive brake-by-wire systems market growth during the next five years
- Estimation of the automotive brake-by-wire systems market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive brake-by-wire systems market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive brake-by-wire systems market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by vehicle type
- Market segments
- Comparison by vehicle type
- Non-electric - Market size and forecast 2019-2024
- Electric - Market size and forecast 2019-2024
- Market opportunity by vehicle type
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Aisin Seiki Co. Ltd.
- Akebono Brake Industry Co. Ltd.
- Brembo Spa
- Continental AG
- Hitachi Ltd.
- Hyundai Mobis Co. Ltd.
- KSR International Inc.
- Robert Bosch GmbH
- Veoneer Inc.
- ZF Friedrichshafen AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.