Automotive Brake System Market Regional Analysis:
North America Market Insights
The North America automotive brake system market is estimated to capture 31.5% of the global revenue share through 2035. The high demand for luxury and supercars is accelerating the installation of automotive brake systems. The public-private investments are expected to open lucrative doors for the automotive brake system manufacturers. Between 2022 and 2025, the Federal Communications Commission (FCC) funded around USD 42.5 billion for the development of ADAS-based brake systems. The integration of ICT components in the automotive field is anticipated to fuel the introduction of advanced automotive brake systems in the coming years.
The strong presence of key manufacturers is aiding the U.S. in uplifting its position in the advanced braking systems’ competitive space. The strategic collaborations between high-tech companies and automakers are promoting the development of next-generation braking systems. The U.S. Department of Transportation states that in 2023, the connected vehicle R&D spending crossed USD 1.5 billion. The modernization of braking systems is projected to double the revenue shares of key market players in the coming years.
The increasing popularity of zero-emission vehicles in Canada is foreseen to drive sales of automotive brake systems in the years ahead. The supportive government policies and funding are accelerating innovations in the ranking systems. The Innovation, Science and Economic Development Canada (ISED) states that between 2022 to 2024, more than USD 2.65 billion was invested in the zero-emission vehicle supply chain resilience, including brake components. The electrification of vehicles is estimated to generate new opportunities for automotive brake system manufacturers during the foreseeable period.
APAC Market Insights
Asia Pacific region is expected to register significant growth till 2035. The digitalization trend is projected to increase the production of advanced braking technologies. The supportive government policies and initiatives are encouraging new companies to enter the market. the adoption of smart manufacturing technologies is leading to the development of next-gen automotive brake systems. Many manufacturers are collaborating with government entities to expand their operations.
The state-led smart mobility initiatives and large-scale ADAS deployment are augmenting the automotive brake system sales in China. The Ministry of Industry and Information Technology (MIIT) reveals that around USD 6.5 billion was invested in braking and driver assistance solutions between 2022 and 2024. The government funding is backing the manufacturers to increase their operations in the country. The Made in China initiative is also aimed at boosting the production of smart automotive components, including braking systems.
India’s robust growth in the digital infrastructure and smart city initiatives is accelerating the registration of modern vehicles. The electrification of automobiles and zero-emission goals are driving a high demand for energy-efficient power trains. The government-backed funding and policies are likely to encourage the development of advanced braking technologies. The Ministry of Electronics and Information Technology (MeitY) projects that the investments in the brake system technology increased by 27.4% between 2015 and 2023. Such developments are set to increase the domestic production of automotive brake systems during the foreseeable period.
