Automotive Brake Booster Market Introduction
The vehicle braking system is a crucial component of the safety equipment in a vehicle. The components in the braking system of a vehicle convert the force applied by the driver of the vehicle into the necessary braking effect in an ideal way, which ensures the safe and comfortable deceleration of the vehicle. Brake boosters are utilized by most modern vehicles, which include a vacuum aided brake system that significantly boosts the applied force.
An automotive brake booster is a black round-shaped canister incorporated at the back of the engine compartment. There are two type of automotive brake booster hydraulic brake booster and vacuum booster. A vacuum brake booster is a metal canister that encompasses a diaphragm and a valve. The hydraulic brake booster uses hydraulic pressure generated by the power steering pump to provide necessary power assistance in order to deploy the brakes.
Automotive Brake Booster Market – Competitive Landscape
The global automotive brake booster market is dominated by a few key players. These include Aisin Seiki Co. Ltd., Hyundai Mobis, HUAYU, Nissin Kogyo, DENSO CORPORATION, Dongguang Aowei, Akebono Brake Industry Co., Wanxiang, Zhejiang Jingke, Brembo SpA, BWI Group, CARDONE, FTE Automotive, Liuzhou Wuling, Continental AG, TRW Automotive, Carlisle Brake & Friction, and Robert Bosch GmbH.
Robert Bosch GmbH
In 2017, Bosch had launched iBooster, a new electromagnetic, vacuum-independent brake booster. Modern driver assistance automobiles require much more efficient and advanced type of braking system. Robert Bosch GmbH has launched this new braking booster in order to meet the demand for an advanced braking system, which is suitable for hybrid as well as electric vehicles.
TRW Automotive developed a brake system that can be powered by electric motor. This new system replaces the conventional vacuum booster.
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Automotive Brake Booster Market Dynamics
Increasing demand for vehicle safety system
Demand for automotive safety solutions in passenger vehicles and commercial vehicles has been rising consistently in the last few years. Demand for safety is for both, people in the vehicle and pedestrians. The brake booster helps the braking system to take control over the speed of the vehicle in emergency situations and prevent accidents.
An obvious danger of driving is the sudden appearance of an obstacle in front of the car. Certain situations where the obstacle is considerably close to the vehicle and the vehicle speed is high, renders the driver helpless to avoid a collision. In such a situation, the braking technology, which comprises the brake booster and autonomous emergency braking, helps decelerate the vehicle by sensing the presence of an obstacle.
Introduction of semi-autonomous and autonomous vehicles
An autonomous car is a self-driving car which can apply brakes automatically by means of various technologies and systems that employ actuators and sensors. A semi-autonomous car requires the intervention a human in order to drive it. Furthermore, braking is supported by human intervention. A self-driving car needs a significant and technologically advanced brake booster, as compared to that present in a semi-autonomous car.
Rising demand from regions and major economies
Asia Pacific is likely to hold a significant share of the global market during the forecast period, owing to the high rate of adoption of automotive brake booster in the braking system of vehicles coupled with booming automotive sector in China, India, and ASEAN countries. The automotive industry in Europe, North America, and Japan accounts for a prominent share of the economies of these regions and country.
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Automotive Brake Booster Market Segmentation
Based on brake type, the automotive brake booster market can be segmented into: Drum Brake Disc Brake
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Based on technology, the automotive brake booster market can be bifurcated into: Electric Brake Booster Conventional Vacuum Brake Booster
Based on type, the automotive brake booster market can be classified into: Single Diaphragm Booster Dual Diaphragm Booster Others
Based on electric vehicle, the automotive brake booster market can be divided into: Battery Electric Vehicle Plug-in Hybrid Electric Vehicle Hybrid Electric Vehicle
Based on sales channel, the automotive brake booster market can be split into: OEM Aftermarket
Based on vehicle type, the automotive brake booster market can be segregated into: Passenger Vehicle Hatchback Sedan SUV/ MPV Commercial Vehicle Light Commercial Vehicle Heavy Commercial Vehicle Buses & Coaches
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