|By Business Wire||
|January 13, 2017 11:03 AM EST|
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. (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:
- Global Level 3 Autonomous Vehicle Market 2017-2021
- Global Automotive Power Tailgate System Market 2017-2021
- Global Automotive Electronic Parking Brake Market 2016-2020
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.
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].
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
Jan. 16, 2017 12:00 PM EST Reads: 1,324
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Jan. 16, 2017 12:00 PM EST Reads: 2,378
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Jan. 16, 2017 11:30 AM EST Reads: 4,117
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
Jan. 16, 2017 11:30 AM EST Reads: 5,656
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
Jan. 16, 2017 11:30 AM EST Reads: 1,840
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
Jan. 16, 2017 11:27 AM EST Reads: 137
The unique combination of Amazon Web Services and Cloud Raxak, a Gartner Cool Vendor in IT Automation, provides a seamless and cost-effective way of securely moving on-premise IT workloads to Amazon Web Services. Any enterprise can now leverage the cloud, manage risk, and maintain continuous security compliance. Forrester's analysis shows that enterprises need automated security to lower security risk and decrease IT operational costs. Through the seamless integration into Amazon Web Services, ...
Jan. 16, 2017 11:15 AM EST Reads: 1,690
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
Jan. 16, 2017 10:15 AM EST Reads: 7,625
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Jan. 16, 2017 10:00 AM EST Reads: 222
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
Jan. 16, 2017 09:00 AM EST Reads: 3,915
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Jan. 16, 2017 08:30 AM EST Reads: 3,010
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Jan. 16, 2017 06:30 AM EST Reads: 5,832
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 16, 2017 06:30 AM EST Reads: 4,484
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
Jan. 16, 2017 05:30 AM EST Reads: 1,079
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
Jan. 16, 2017 05:15 AM EST Reads: 1,506