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Automotive Hydraulic Brake Systems Market Trends

Report ID: GMI11990
Published Date: Oct 2024
Report Format: PDF

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Automotive Hydraulic Brake Systems Market Trends

Advanced driver assistance systems (ADAS) are changing the automotive hydraulic brake systems industry. Technologies such as adaptive cruise control, automatic emergency braking, and lane-keeping assistance require responsive braking systems for safety. As vehicles advance, there's a growing need for hydraulic brakes that work with sensors, cameras, and electronic control units (ECUs). These systems help drivers avoid accidents, maintain control, and improve the driving experience by adjusting brake force when necessary.

Regulatory pressures and consumer demands for safety are key drivers of ADAS integration. In regions like Europe and North America, safety regulations are becoming stricter. For example, the European Union requires new cars to have features like emergency braking and lane-keeping assist by 2024. This has led to more adoption of hydraulic brake systems that support these technologies.

The rise of electric and autonomous vehicles is also boosting the integration of ADAS with hydraulic brake systems. Electric vehicles (EVs) often have regenerative braking systems that work with traditional hydraulic brakes. This combination allows ADAS to improve energy efficiency and ensure quick stops in emergencies.

However, the increasing use of EVs with regenerative braking systems is a challenge for the traditional hydraulic brake systems market. Regenerative braking lets EVs capture and store energy during deceleration, reducing the need for conventional hydraulic brakes in normal driving. This technology improves energy efficiency and reduces wear on traditional brake components.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive hydraulic brake systems reached USD 12.5 billion in 2023 and is set to grow at a 5.2% CAGR from 2024 to 2032, driven by increasing vehicle production and sales.

The passenger vehicles segment accounted for over 55% of the market share in 2023 and is poised to exceed USD 11.2 billion by 2032, due to the adoption of advanced brake technologies to enhance safety and meet regulatory standards.

The OEM segment held 70.5% of the market share in 2023, benefiting from strong relationships with automakers and economies of scale, which enable cost-effective production and competitive pricing.

China accounted for 50% of the revenue share in 2023, bolstered by its strong manufacturing capabilities, rapid industrialization, and high domestic vehicle demand.

Major players in the industry include Aisin Seiki, Bosch, Brembo, Chassis Brakes International, Continental, Delphi, FTE Automotive, Haldex, Hitachi Automotive Systems, and ZF Friedrichshafen.