Motorcycle Brake by Wire (BBW) System Market to Grow at 45.29% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new global motorcycle brake by wire (BBW) system market report that lists top companies as Continental AG, Bosch, BWI group, ZF TRW, and NXP Semiconductors. Other Prominent Vendors in the market are: Johnson Electric, ADVICS (Aisin Seiki), and Honda. Commenting on the report, an analyst team said: ?The latest trend gaining momentum in the market is IBC system: A replacement for brake assist technologies. ZF TRW, one of the leading automotive suppliers, has introduced an IBC system, which is a vacuum-independent technology to further simplify the brake system while enhancing the performance of the vehicle. The IBC system is a single integrated unit, which would replace the ESC system along with the vacuum booster assembly, associated cables, sensors, switches, electronic controllers, and vacuum pumps that are required for low or vacuum configurations? According to the report, one of the major drivers for this market is cost benefits of BBW technology from end-user and OEM perspectives. The BW technology provides freedom from the mechanical linkages, and this significantly lowers the cost of a vehicle with more efficient packaging. This is because electronic systems require lesser components than the mechanical linkages. Traditional mechanical components such as the steering column, intermediate shafts, pumps, hoses, vacuum servos, belts, coolers, and master cylinders are removed from the vehicle when a BW system is used. The BW system is lightweight due to the use of less materials. This reduces not only the cost of engineering but also the manufacturing costs. Doing away with the mechanical constraints also improves the vehicle ergonomics. Further, the report states that one of the major factors hindering the growth of this market is safety and security: bane for BBW systems. Safety and security are the prime concerns of the existing and prospective users of any electronic assist system such as the BBW system implanted in their vehicles. The reason behind these concerns is that such systems are designed to take control of the total functionality of the vehicle. Also, the users do not clearly understand what are the situations and circumstances in which the onboard computer would be making the decisions. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

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