The global automotive brake systems market is accelerating toward $52.51 billion by 2029, growing at a robust compound annual growth rate (CAGR) of 7.5%, according to new data from The Business Research Company.
The market, valued at $37.47 billion in 2024 and projected to reach $39.25 billion in 2025, is being driven by surging passenger and commercial vehicle demand, regulatory safety mandates, and the rise of electric and hybrid vehicles. The industry is also benefiting from advancements in autonomous driving, connected vehicle technology, and rapid expansion in emerging markets.
Key trends reshaping the sector include integration with advanced driver-assistance systems (ADAS), adoption of brake-by-wire systems, use of lightweight materials, and connected braking solutions. Manufacturers are also pushing next-generation electronic brake systems, such as Continental AG’s MK 120 ESC, which offers reduced size and weight, energy savings, cybersecurity enhancements, and over-the-air updates.
Asia-Pacific currently leads the market and is expected to maintain the fastest growth rate through 2029.
Major players include Advics Co. Ltd., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, Robert Bosch GmbH, and ZF Friedrichshafen AG.
