Brakes are considered a key segment of vehicles, without which, the vehicle stands as unsafe for traveling. The need for flexible brakes that can operate efficiently is essential. Automotive braking systems and their design has evolved with time, and the latest automobiles are well equipped with various features such as service brakes, parking brakes, or emergency brakes. A typical automobile braking system includes a rotor, vacuum servo, brake shoes, caliper, brake pads, brake drum, brake booster, master cylinder, and piston. It is essential to maintain these components properly so the entire brake system functions smoothly. In order to avoid failure in brakes, it is essential to ensure that piston, sticking, and corrosion function properly.
Companies operating in the global automotive brake market are focusing on improving noise control, harshness, and vibration of the braking technologies, also known as NVH technology in modern-day automobiles. Thus, players are investing heavily in different friction formulations to ensure the frequency of vibration and sound that arises when brakes are applied can be smoothened. Other players are focusing on improving their product portfolios so they are adopting various strategies to achieve so. Some of the key players of the global automotive brakes market include Nissin Kogyo Co., Ltd., Halla Mando Corporation, Robert Bosch GmbH, TMD Friction Group S.A, Continental AG, Hyundai Mobis Co., Ltd., Federal-Mogul Corporation, Accuride Corporation, Akebono Brake Industry Co., Ltd., Knorr – Bremse AG, Zhejiang Asia-Pacific Mechanical & Electronical Co., Automotive Components Europe S.A., Ltd., Aisin Seiki Co., and others.
Players are also focusing on developing third generation systems such as antilock braking systems or optimum brake performance to ensure a significant position in the overall market competition. For instance, Bosch launched a new antilock braking system for their eBikes in November 2017 that will help lock the front wheel while lifting the rear wheel of the bike. Additionally, this system also has a new system called electronic stability control or ESC for preventing the bike from skidding and offering more control on the overall braking system of the wheel.