Automotive Electronic Parking Brake Market is estimated to increase at a growth rate of 10.8% CAGR over the forecast period from 2024 to 2030.
The global Automotive Electronic Parking Brake Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Electric-Hydraulic Caliper System, Full Electric Drive-By-wire Systems), By Component (Caliper Integrated System, Brake Systems, Electronic Control Unit, Sensor, Actuators), By Vehicle (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Sales Channel (OEM, Aftermarket).
An Introduction to Global Automotive Electronic Parking Brake Market, 2024
The Automotive Electronic Parking Brake (EPB) market represents a significant advancement in vehicle braking technology, replacing traditional mechanical parking brakes with electronically controlled systems. EPBs utilize electric motors, actuators, and electronic control units to engage and disengage the parking brake automatically, providing convenience, safety, and space-saving benefits. With the automotive industry's focus on driver assistance systems, vehicle automation, and interior space optimization, the demand for EPBs continues to grow. Manufacturers in this market focus on developing EPB systems with precise control algorithms, integrated safety features, and compatibility with vehicle networks to meet the stringent requirements of modern vehicles. Moreover, advancements in EPB technology, including brake-by-wire systems, auto-hold functions, and intelligent parking assist features, drive innovation, enabling improved reliability, performance, and user experience. Additionally, as vehicle designs evolve to incorporate more electrification and autonomous capabilities, the Automotive EPB market presents opportunities for further innovation and customization to meet the evolving needs of vehicle manufacturers and consumers, ensuring seamless integration with vehicle control systems and enhanced safety during parking maneuvers.
Automotive Electronic Parking Brake Competitive Landscape
The global Automotive Electronic Parking Brake market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive Electronic Parking Brake Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive Electronic Parking Brake Market Industry include- AB SKF, Aisin Seiki Co. Ltd, Continental AG, DURA Automotive Systems Llc, Hitachi Automotive Systems Ltd, Hyundai Mobis Co. Ltd, Kuester Holding GmbH, Mando-Hella Electronics Corp., Robert Bosch GmbH, TBK Co. Ltd, ZF TRW Automotive Holdings Corp..
Automotive Electronic Parking Brake Market Trend: Adoption of Electric and Autonomous Vehicles
A prominent trend in the automotive electronic parking brake market is the increasing adoption of electric and autonomous vehicles. As the automotive industry transforms electrification and autonomy, there's a growing demand for advanced parking brake systems that align with the unique requirements of electric and autonomous vehicles. Electronic parking brakes offer advantages such as space-saving design, enhanced safety features, and integration with vehicle control systems, making them well-suited for use in electric and autonomous vehicles. This trend towards electric and autonomous vehicles is driving the adoption of electronic parking brake systems as automakers seek to enhance vehicle functionality and safety in the evolving automotive landscape.
Automotive Electronic Parking Brake Market Driver: Enhanced Safety and Convenience Features
A significant driver shaping the automotive electronic parking brake market is the demand for enhanced safety and convenience features in vehicles. Electronic parking brakes offer several advantages over traditional mechanical parking brake systems, including smoother operation, automatic engagement, and hill-hold functionality. These features enhance driver convenience and improve vehicle safety by reducing the risk of rollaway incidents and providing additional control during parking maneuvers. As consumers prioritize safety and convenience when choosing vehicles, automakers are increasingly incorporating electronic parking brakes into their vehicle designs, driving market growth in the automotive electronic parking brake segment.
Automotive Electronic Parking Brake Market Opportunity: Integration with Advanced Driver Assistance Systems (ADAS)
An emerging opportunity in the automotive electronic parking brake market lies in the integration of advanced driver assistance systems (ADAS). ADAS technologies, such as automatic emergency braking, lane-keeping assist, and parking assistance, rely on electronic control systems to enhance vehicle safety and driving comfort. By integrating electronic parking brake systems with ADAS functionalities, automakers can offer comprehensive safety solutions that provide seamless parking assistance and collision avoidance capabilities. This integration presents an opportunity to create innovative parking brake systems that not only improve vehicle safety but also contribute to the development of autonomous driving technologies. By capitalizing on this opportunity, manufacturers can position themselves at the forefront of the automotive electronic parking brake market and drive innovation in vehicle safety and automation.
Automotive Electronic Parking Brake Market Segmentation
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
AftermarketGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa
Automotive Electronic Parking Brake Companies
AB SKF
Aisin Seiki Co. Ltd
Continental AG
DURA Automotive Systems Llc
Hitachi Automotive Systems Ltd
Hyundai Mobis Co. Ltd
Kuester Holding GmbH
Mando-Hella Electronics Corp.
Robert Bosch GmbH
TBK Co. Ltd
ZF TRW Automotive Holdings Corp.
*- List not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Automotive Electronic Parking Brake Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Automotive Electronic Parking Brake Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive Electronic Parking Brake Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive Electronic Parking Brake Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive Electronic Parking Brake Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive Electronic Parking Brake Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Automotive Electronic Parking Brake Industry
4.2 Key Market Trends in Automotive Electronic Parking Brake Industry
4.3 Potential Opportunities in Automotive Electronic Parking Brake Industry
4.4 Key Challenges in Automotive Electronic Parking Brake Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive Electronic Parking Brake Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Automotive Electronic Parking Brake Market Outlook by Segments
7.1 Automotive Electronic Parking Brake Market Outlook by Segments, $ Million, 2021- 2030
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
Aftermarket
8 North America Automotive Electronic Parking Brake Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive Electronic Parking Brake Markets in 2024
8.2 North America Automotive Electronic Parking Brake Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive Electronic Parking Brake Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
Aftermarket
9 Europe Automotive Electronic Parking Brake Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive Electronic Parking Brake Markets in 2024
9.2 Europe Automotive Electronic Parking Brake Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive Electronic Parking Brake Market Size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
Aftermarket
10 Asia Pacific Automotive Electronic Parking Brake Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive Electronic Parking Brake Markets in 2024
10.2 Asia Pacific Automotive Electronic Parking Brake Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive Electronic Parking Brake Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
Aftermarket
11 South America Automotive Electronic Parking Brake Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive Electronic Parking Brake Markets in 2024
11.2 South America Automotive Electronic Parking Brake Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive Electronic Parking Brake Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
Aftermarket
12 Middle East and Africa Automotive Electronic Parking Brake Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive Electronic Parking Brake Markets in 2024
12.2 Middle East and Africa Automotive Electronic Parking Brake Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive Electronic Parking Brake Market size Outlook by Segments, 2021-2030
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
Aftermarket
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
AB SKF
Aisin Seiki Co. Ltd
Continental AG
DURA Automotive Systems Llc
Hitachi Automotive Systems Ltd
Hyundai Mobis Co. Ltd
Kuester Holding GmbH
Mando-Hella Electronics Corp.
Robert Bosch GmbH
TBK Co. Ltd
ZF TRW Automotive Holdings Corp.
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Electric-Hydraulic Caliper System
Full Electric Drive-By-wire Systems
By Component
Caliper Integrated System
Brake Systems
Electronic Control Unit
Sensor
Actuators
By Vehicle
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel
OEM
Aftermarket
