Market Size of Automotive Vacuumless Braking Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Vacuumless Braking Market Analysis
The automotive vacuumless braking market was valued at USD 2.85 billion in the current year and is projected to grow to USD 3.93 Billion by the next five years, registering a CAGR of 5.5% in terms of revenue during the forecast period.
Over the medium term, the major factor propelling the development of brake technology is the demand for weight reduction per wheel for improved efficiency and recovery and dissipation of heat through regenerative braking. The growth in autonomous vehicles that will need intensive smart use of brake and steering technology is expected to positively affect the market.
The emergence of hybrid and electric drives over conventional engines, in addition to driver assistance systems, has the requirement of vacuumless braking solutions for the braking system. The industry is growing due to the increased manufacturing of passenger cars, trucks, buses, and other commercial vehicles. The market value is positively impacted by increasing road conditions and the construction of new ones, as well as expanding infrastructure development initiatives.
The electric-assist braking is supporting the growth of automated driving. As cars are becoming automated, electric brake operates the brakes precisely. An electric boost can form hydraulic pressure more quickly, which in turn is likely to witness major growth for the market during the forecast period.
