Global Electro-Mechanical Brake Market Research Report: Information Based on By Brake Type (Single Face Brake, Particle Brake, Hysteresis Power Brake, Multiple Disk Brake, and Power-Off Brake), By Technology (Smart Braking Systems and Regenerative Braking), By Application (Locomotives, Automotive, Aircraft, Robotic, Marine, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
Global Electro-Mechanical Market is predicted to reach approximately USD 1,335.21 million by 2031, at a CAGR of 5.76% from 2022 to 2031.
An electro-mechanical brake also referred to as an electromagnetic brake, is a hybrid braking mechanism integrating electrical and mechanical elements to slow down or halt vehicles and machinery. This system operates by controlling an electric current through a brake coil, generating a potent magnetic field that manipulates a framework onto or off a magnetic surface, thereby converting kinetic energy into thermal energy. Instead of relying on hydraulic pressure as seen in conventional hydraulic braking systems, an EMB utilizes an electric motor or actuator to initiate braking actions.
Global ELECTRO-MECHANICAL BRAKE MARKET REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
752.42 Million |
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Projected Market Value (2031) |
1,335.21 Million |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Product, By Application & Region. |
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Segments Covered |
By Brake Type, By Technology, By Application & Region. |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World. |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, and company market share analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Electro-mechanical Brake Market Dynamics
The market dynamics of the Electro-mechanical Brake industry are shaped by various factors. Drivers include the Increasing demand for electric vehicles and growing technological advancement. However, there are also restraints such as supply chain disruption due to the pandemic. The major opportunities in the electro-mechanical market are intensifying investment in the automotive and logistics industry. The market is highly competitive, with major players continually innovating and majorly focusing on research & development in the market.
Global Electro-Mechanical Brake Market Drivers
The Electro-Mechanical Brake Market is intensifying technological advancement, encompassing enhanced sensors, control systems, and materials. The increasing demand for this technology is boosting both the effectiveness and dependability of electro-mechanical brakes. For instance, on 5th October 2022, Sensata Technologies announced a fresh Brake Pedal Force Sensor designed for electromechanical brakes (EMBs), aiming to enhance the safety and performance of braking systems. Integrating this sensor results in a decreased stopping distance for vehicles when compared to current technologies. It enhances braking by swiftly and precisely capturing the driver's braking intention. The sensor can withstand forces up to 600N (adjustable for different capacities), Sensata's brake pedal force sensor meets ASIL C safety standards, operating effectively in temperatures up to 140°C. Its small size, adaptable integration choices, and diverse output selections enable engineers to tailor it effortlessly to suit their specific application needs.
Furthermore, the electric vehicle (EV) market has experienced remarkable expansion in recent years. EVs play a pivotal role in decarbonizing road transport, a sector responsible for one-sixth of global emissions. The surge in EV sales contributes significantly to reducing CO2 emissions and is anticipated to aid in achieving Net Zero Emissions by 2050. Both developing and developed economies, including China, the US, Europe, and Norway, are intently motivated to raise EV production. For instance, in 2022, China dominated with nearly 60% of new electric car registrations worldwide. The country achieved a substantial milestone with electric cars constituting 29% of total domestic car sales, surpassing the 2025 national target of 20% for new energy vehicles (NEVs).
Restraints:
The electro-mechanical brake market faces several restraining factors that influence its growth and adoption across various industries. One significant challenge is the initial high cost associated with implementing electro-mechanical brake systems compared to traditional hydraulic braking systems. The advanced technology and components involved in electro-mechanical brakes contribute to their higher upfront costs, which can deter potential buyers, especially in price-sensitive markets. As a result, manufacturers and suppliers in the industry are under pressure to develop cost-effective solutions and enhance production efficiency to make electro-mechanical brake systems more economically viable.
Another restraint is the potential complexity in integrating electro-mechanical brake systems into existing vehicle architectures. Retrofitting these systems into vehicles designed for traditional braking systems can pose challenges in terms of compatibility, space constraints, and system integration. This complexity may slow down the adoption of electro-mechanical brakes, particularly in industries where existing infrastructure heavily relies on conventional braking technologies.
Furthermore, concerns related to the reliability and durability of electro-mechanical brake systems may limit their widespread acceptance. End-users, especially in safety-critical applications such as automotive and aerospace, demand robust and fail-safe braking solutions. The industry must address any apprehensions regarding the long-term performance and reliability of electro-mechanical brake systems to build trust among consumers and promote broader adoption.
Opportunities:
Electro-mechanical brakes play a key role in industrial automation and production. Anticipated investments and initiatives are composed to drive significant growth in the automotive and logistics sectors. For instance, the US government has announced a substantial US$1.0 billion towards advancing Industry 4.0 technologies, emphasizing automation, robotics integration, and CO2 emission reduction. Over five years, funding from entities like the White House, the National Science Foundation (NSF), and the Department of Energy (DoE) will establish new AI and R&D hubs. The convergence of cutting-edge systems and sustainable mobility not only fosters innovation but also creates expansive opportunities for market expansion in the forecast period.
Segment Overview
By Type
The global Electro-Mechanical Brake market is segmented based on the Types Single Face Brake, Particle Brake, Hysteresis Power Brake, Multiple Disk Brake, and Power-Off Brake. A single-face electromechanical brake (EMB) functions by utilizing one or more electro-mechanical discs to decelerate or halt a vehicle. Predominantly found in trains, trams, and locomotives, these EMB devices feature a power-off brake mechanism that disengages the vehicle's engine when the brakes are activated. This system is made for cars that shift gears automatically. It saves fuel by turning off the engine when you hit the brakes. By monitoring wheel speed and initiating brake application as necessary, the power-off brake reduces engine workload, contributing to fuel conservation. Particle-off EMBs, a subset of electrical brakes, operate by generating friction through particles. Commonly employed in heavy vehicles like locomotives, this type of brake offers superior braking performance compared to traditional single-face or power-off brakes. Additionally, a feedback power brake within the electromechanical brake category regulates braking energy using the hysteresis principle. On the other hand, the power-off brake segment's growth is propelled by the rising acceptance of power-off brakes in textile machinery, packaging machinery, cranes, hoists, conveyors, and various other specialized machinery. At the end, this type boosts the market growth in the forecasting period.
By Technology
The global Electro-Mechanical Brake market is segmented based on technology into Smart Braking Systems and Regenerative Braking. Smart Braking Systems aid drivers in preventing collisions with vehicles and pedestrians ahead. By monitoring the area in front of the vehicle, this system identifies vehicles and pedestrians, mitigating or preventing collision damage. However, it's important to note that not all Intelligent Emergency Braking systems are configured to detect pedestrians. However, Regenerative Braking is to capture, store, and subsequently utilize a portion of a vehicle's braking energy, enhancing fuel efficiency or extending the range of electric and hybrid vehicles (FEV and HEV). Various energy storage mediums such as electric batteries, ultracapacitors, flywheels, and hydraulic accumulators are employed for this purpose. Hence, this technology helps to drive the market growth in upcoming years.
By Application
The global Electro-Mechanical Brake market is segmented based on application into, Locomotives, Automotive, Aircraft, Robotic, Marine, and Others. Increasing awareness of vehicle safety features such as anti-lock braking systems, traction control systems, and electronic stability control systems helps to increase the automotive industry. On the other hand, the ability to handle the high torque of locomotives and the transition toward high-speed & electric locomotives globally is increasing the popularity of electro-mechanical brakes.
Global Electro-Mechanical Brake Market Overview by Region
North America
Electro-mechanical brakes are becoming popular in North America and Europe because people are leaning towards electric and hybrid cars. These regions are big on reducing emissions and using greener transportation. So, there's a growing demand for smart braking systems like electro-mechanical brakes that fit well with these eco-friendly vehicles. People are choosing electric and hybrid cars more because they're better for the environment, and that's boosting the electro-mechanical brake market in this region.
Additionally, the automotive industry in North America and Europe is moderately huge and competitive. The consumers are all about making better and safer cars so they're into using high-tech brakes like electro-mechanical ones. Also, the rules about car safety are super strict here, which means these advanced braking systems are becoming a standard thing in new cars. All these factors together are making North America and Europe the main places where these new brake technologies are growing and getting better.
Europe
13.1 million motor vehicles, including car, vans, trucks and busses, are manufactured in the European Union per year.This remarkable upswing in motor vehicle manufacturing directly translates to a heightened demand for automotive components and technologies, including electro-mechanical brakes. As the automotive sector rebounds and experiences such noticeable growth, the need for advanced braking systems compatible with modern vehicle designs escalates. The robust expansion in motor vehicle production serves as a pivotal factor propelling the electro-mechanical brake market forward within the European Union, as manufacturers respond to the heightened demand for these innovative braking solutions.
Global Electro-Mechanical Brake Market Competitive Landscape
The electro-mechanical brake industry's competitive climate is dynamic, with established manufacturers, young innovators, and a worldwide market ready for developments. The emphasis is on lightweight materials, sophisticated technology, and customized choices. The market is adaptable to shifting demographics and accessibility requirements, promoting continual expansion. The competitive environment is characterized by partnerships with industries biggest players. The major players in the market are
Global Electro-Mechanical Brake Market Recent Developments
On July 2021
ZF initiated a series of production of a pioneering EV Braking System, reinforcing its position as a key technology and system provider in the realm of electromobility. ZF secured a significant production order, solidifying its role as a supplier for Volkswagen's ID.3 and ID.4 models, as well as for the Volkswagen Group's widely utilized modular e-drive system MEB platform, featuring the latest ZF brake control solutions as standard features.
Scope of Global Electro-Mechanical Brake Market Report
Global Electro-Mechanical Brake Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Type |
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By Technology |
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By Application |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the Global Electro-Mechanical Brake Market segmented by technology, component, payment mode, vertical, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of contactless payment between 2023 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global Electro-Mechanical market
To find out the factors that are affecting the market of global Electro-Mechanical Brake Market among consumers
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
