Welcome!

News Feed Item

Global Automotive Brake-by-Wire Systems Market to Showcase A CAGR of 44% Through 2021: Technavio

Technavio analysts forecast the global automotive brake-by-wire (BBW) systems market to grow at a CAGR of almost 44% during the forecast period, according to their latest report.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170113005114/en/

Technavio has published a new report on the global automotive BBW systems market from 2017-2021. (Gr ...

Technavio has published a new report on the global automotive BBW systems market from 2017-2021. (Graphic: Business Wire)

The research study covers the present scenario and growth prospects of the global automotive BBW systems market for 2017-2021. The analysts have considered a combination of top down and bottom up approaches, wherein Technavio’s in-house databases have been used to arrive at the market size of the global automotive brake-by-wire systems market.

The global automotive brake-by-wire systems market is expected to grow to 12.29 million units by 2021, with more than 40% of the incremental growth expected to be from EMEA. Electric vehicles comprise the most important product segment, occupying almost 60% of the global market.

Mercedes-Benz was the first automotive manufacturer to introduce the brake-by-wire concept in gasoline powered passenger engines with the sensotronic brake control (SBC) systems. Currently, Robert Bosch has the largest global presence in the BBW systems market. The company has incorporated the new electromechanical brake booster, the iBooster, for the commercial production of their hybrid electric vehicles (HEVs) and electric vehicles (EVs).

Request a sample report: http://www.technavio.com/request-a-sample?report=55643

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio analysts highlight the following three factors that are contributing to the growth of the global automotive brake-by-wire systems market:

  • Light-weighting to reinforce design philosophy of BBW
  • BBW systems provides accurate, precise, and quick response
  • HEVs and EVs to provide a fertile environment for BBW systems

Light-weighting to reinforce design philosophy of brake-by-wire

Light-weighting has been clearly documented to improve drive dynamics, fuel consumption, and emissions of vehicles. Fundamentally, the adoption of a by-wire technology such as BBW is expected to result in the increasing adoption of electro-mechanical and electronic parts, which are very light. This results in a significant amount of weight reduction, thereby improving the overall performance of the automotive,” says Siddharth Jaiswal, one of the lead analysts at Technavio for automotive electronics research.

Some of the major strategies followed to achieve light-weighting are component redesign, reduction in the total number of parts in a car, manufacturing process innovation, and substitution of base materials. Manufacturers use the data collected by aviation and aerospace industries regarding light-weighting and have extrapolated that to automotive manufacturing processes. The advantages provided by light-weighting due to the use of BBW systems will be a major driver of the market through the forecast period.

BBW systems provides accurate, precise, and quick response

The popularly used mechanical systems and their measurement arrangements are susceptible to wear and tear, and their accuracy will decrease considerably with time. Since all mechanical systems work on some form of contact with other systems, there is no precise way to eliminate their shortcomings, which limits their use.

Brake-by-wire systems are the perfect replacement for these mechanical systems as they are not susceptible to such wear and tear. Sensors like the magnetic hall-sensors work by detecting a change in magnetic field, and optics-based sensors work by detecting the interference of various beams of light. These systems do not require mechanical or physical contact and are more efficient in the long run. Such feature imparts more accuracy, precision, and better response time for brake-by-wire systems, which pushes for their increased adoption.

HEVs and EVs to provide a fertile environment for BBW systems

The market for HEVs and EVs is expected to show strong growth during the forecast period due to a variety of factors like the rise in oil prices, increased awareness driving the adoption of eco-friendly technologies, and increasing range and reliability of these vehicles. Due to a high degree of powertrain electrification in HEVs and EVs, they represent a fertile ground for the proliferation of by-wire technologies like brake-by-wires.

A lot of the ecosystem is already present for brake-by-wire, and adoption of powertrains can be achieved with ease. Thus, an expected high growth rate for both HEVs and EVs signals a high growth opportunity for brake-by-wire systems in the automotive industry. Furthermore, the added benefits provided by light-weighting, the charge-distance ratio or charging yield for HEVs and EVs is also expected to increase. These factors will act as an added incentive for fitting brake-by-wire systems in HEVs and EVs,” says Siddharth.

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like auto accessories, automotive manufacturing, and powertrain. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...