Light Vehicle Electronic Braking Market Revenue was valued at USD 25.6 Billion in 2024 and is estimated to reach USD 45.2 Billion by 2033, growing at a CAGR of 7.4% from 2026 to 2033.
The global Light Vehicle Electronic Braking Market was valued at approximately USD 14.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. This growth is driven by advancements in automotive technology, increasing demand for safety features, and the rising adoption of electric and hybrid vehicles. North America held a significant share of the market in 2022, with the United States being one of the largest contributors to the demand for electronic braking systems. The region is expected to maintain its dominance due to the growing focus on vehicle safety regulations and the high penetration of advanced driver assistance systems (ADAS). Europe is another key market for electronic braking, driven by stringent safety norms and the rising trend of electric vehicles, while the Asia Pacific region is witnessing rapid growth due to the increasing production and sales of light vehicles in countries like China, India, and Japan. The demand for Light Vehicle Electronic Braking Systems is also growing in emerging markets, particularly in the Asia Pacific and Latin America regions, where automotive manufacturing is expanding rapidly. The Asia Pacific region is anticipated to register the highest CAGR over the forecast period, with a significant contribution from China and India, where automotive production is increasing, and regulations for vehicle safety are becoming stricter. Additionally, the rise of autonomous and semi autonomous vehicles is expected to further boost the demand for electronic braking systems in these regions. With growing awareness of safety, rising vehicle production, and stringent government regulations across different regions, the market offers substantial growth opportunities, especially in emerging economies.
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Advics
Mando
Wabco
Zhejiang Asia-Pacific
Bosch
Kuester
Haldex
ZF TRW
Knorr
Continental
Hyundai Mobis
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Light Vehicle Electronic Braking Market
Sedan
SUV
Truck
Minivan
Sportscars
Anti-lock Braking System (ABS)
Electronic Brake-force Distribution (EBD)
Electronic Stability Control (ESC)
Adaptive Cruise Control (ACC)
Advanced Driver Assistance Systems (ADAS)
Passenger Vehicles
Commercial Vehicles
Heavy-duty Vehicles
Autonomous Vehicles
Electronic Control Unit (ECU)
Sensors
Actuators
Braking System Software
Wiring Harness
Original Equipment Manufacturers (OEMs)
Aftermarket Players
Fleet Management Companies
Ride-Hailing Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Light Vehicle Electronic Braking Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Light Vehicle Electronic Braking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Light Vehicle Electronic Braking Market, By Type
6. Global Light Vehicle Electronic Braking Market, By Application
7. Global Light Vehicle Electronic Braking Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Light Vehicle Electronic Braking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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