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Electric Vacuum Break Booster Market Trends

Report ID: GMI11685
Published Date: Oct 2024
Report Format: PDF

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Electric Vacuum Break Booster Market Trends

The market is experiencing a significant trend towards advanced driver-assistance systems (ADAS) and vehicle automation. As vehicles incorporate more automated features, there is an increasing need for braking systems that can provide accurate and quick performance in real-time. Electric vacuum brake boosters are particularly suitable for these applications due to their ability to swiftly adjust braking force based on input from various sensors and control systems. This capability is essential for functions such as automatic emergency braking, adaptive cruise control, and collision avoidance, which are becoming increasingly popular among consumers seeking enhanced safety features in their vehicles.

Technological advancements in materials and manufacturing processes are improving the efficiency and cost-effectiveness of electric vacuum brake boosters. Manufacturers are developing high-performance boosters that integrate more easily into modern vehicles through innovations such as lightweight materials and enhanced electronic control systems. This ongoing improvement is not only boosting the performance of electric vacuum brake boosters but also making them more widely available for various vehicle types, ranging from passenger cars to commercial fleets.

For instance, in July 2024, CPP (Classic Performance Products) introduced an electric power brake booster designed to enhance braking performance in classic vehicles. This innovative product aims to alleviate the common issues associated with traditional vacuum brake boosters, particularly in vehicles that may not have sufficient engine vacuum.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric vacuum brake booster reached USD 2 billion in 2023 and is set to grow at a CAGR of 13.9% from 2024 to 2032, driven by the increasing adoption of electric and hybrid vehicles.

In 2023, the passenger cars segment accounted for over 60% of the market share and is expected to exceed USD 3.5 billion by 2032, due to the increasing need for advanced braking systems that improve safety and performance.

The OEM segment held around 74% of the market share in 2023, attributed to the well-established relationships and supply chains between automotive manufacturers and their component suppliers.

The U.S. market accounted for 74% revenue share in 2023 and is expected to exceed USD 4.5 billion by 2032, led by advanced technology and significant investment in research and development in the automotive industry.

Leading companies in the market include Aisin Corp, Cardone SA, Cohline GmbH, Continental AG, Delphi Technologies, Hyundai Mobis, Infineon Technologies AG, Knorr-Bremse AG, Magneti Marelli, and Mando Corporation.