Brake Override System Market Size, Share, Growth, and Industry Analysis by Type (Radar, LiDAR , Camera , Infrared , Ultrasonic‎), by Application (Passenger Cars, Commercial Vehicles), and Regional Forecast to 2032

BRAKE OVERRIDE SYSTEM MARKET REPORT OVERVIEW

The global brake override system market size was USD 460.6 million in 2019 and the market is projected to touch USD 695.34 million by 2032, exhibiting a CAGR of 3.2% during the forecast period.

Brake override system is a safety feature in automobiles that automatically overrides the accelerator pedal when the brake pedal is pressed simultaneously. It ensures that the brakes have priority over the accelerator, allowing the vehicle to stop even if the accelerator pedal is being pressed unintentionally. Brake override is an active vehicle safety device that prevents the car from accelerating and decelerating at the same time, or in the event of an electrical failure that allows the vehicle to accelerate even while braking. This system has been improved with smart and advanced technology like sensors and an electronic control unit when something unusual happens. Some features such as sensors, cameras, and other devices are installed in vehicles to monitor the performances and activities of various components at the time of driving. The vehicle is equipped with many features to improve driver’s and passenger’s safety, security, and comfort systems.

The growing sales of electric vehicles (EVs) and autonomous vehicles are expected to boost the demand for brake override systems in the future. As the number of EVs and autonomous vehicles on the road increases, the need for advanced safety systems becomes crucial, driving the market growth. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

BRAKE OVERRIDE SYSTEM MARKET SEGMENTATION

• By Type Analysis

According to type, the market can be segmented into radar, LiDAR , camera , infrared , ultrasonic

Radar will capture the maximum market share through forecast period.  

Radar: Uses radio waves to detect objects and their speed relative to the vehicle. In the context of brake override or ADAS, radar is crucial for functions like adaptive cruise control, collision avoidance, and emergency braking systems.

LiDAR: Uses laser beams to create high-resolution images of the vehicle's surroundings. LiDAR is essential for creating accurate 3D maps needed for autonomous driving and can enhance the precision of brake override systems by providing detailed information about obstacles.

Camera: Optical cameras are used for a variety of functions, including lane departure warnings, traffic sign recognition, and pedestrian detection. Cameras are integral to systems that require visual recognition to make decisions, such as activating a brake override in critical situations.

Infrared: Infrared sensors can detect heat signatures, making them useful for night vision systems and detecting living beings in low visibility conditions, which can trigger safety measures including brake override.

Ultrasonic: It is primarily used for close-range detection tasks such as parking assistance and blind-spot detection. While not directly related to brake override, ultrasonic sensors play a role in comprehensive vehicle safety systems by covering scenarios where other sensors might have limitations.

By Application Analysis

According to application, the market can be segmented into passenger cars, commercial vehicles

Brake override system market players cover segment as passenger cars will dominate the market share during forecast period.

Passenger cars: This includes all types of passenger vehicles, from economy cars to luxury SUVs. The integration of advanced sensor technologies and brake override systems in passenger cars is driven by consumer demand for safety, regulatory requirements, and competitive differentiation among manufacturers.

Commercial vehicles: This includes a wide range of vehicles such as trucks, buses, and vans used for commercial purposes. The adoption of advanced safety systems, including brake override, in commercial vehicles is driven by the need to protect assets, reduce the risk of costly accidents, and comply with commercial vehicle safety regulations.

DRIVING FACTORS

"Increased Focus on Vehicle Safety To Boost The Market Growth"

Growing awareness and demand for vehicle safety features among consumers drive the adoption of advanced safety systems, including brake override systems. With the rising concerns regarding vehicle safety and increasing regulations mandating the installation of advanced safety features the demand for brake override systems is expected to grow significantly.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the brake override system market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Technological advancements and increasing investments in research and development are also contributing to the market growth. Manufacturers are continuously focusing on innovating and improving the performance of brake override systems making them more reliable and efficient.

RESTRAINING FACTOR

"High Cost To Hamper The Market Growth"

The additional cost of integrating brake override systems into vehicles can be a barrier, especially in cost-sensitive markets and among manufacturers focusing on low-cost vehicles. Technical difficulties will reduce the industry revenue.

BRAKE OVERRIDE SYSTEM MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

"North America to Dominate the Region Due To Increased Use Of New Technologies"

North America is further expected to witness growth in the brake override system market share. The region is dominating the market due to increased use of new technologies and the presence of multiple providers in this region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

LIST OF TOP BRAKE OVERRIDE SYSTEM COMPANIES

• Honda (Japan)
• Toyota (Japan)
• Nissan (Japan)
• Renault (France)
• Suzuki (Japan)

INDUSTRIAL DEVELOPMENT

April 2021:  The Honda e added the World Urban Car of the Year title to its growing list of recent prestigious accolades, as well as being shortlisted in the top three of the overall World Car of the Year award. 

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.