Automotive regenerative braking market is anticipated to grow at a significant CAGR of 10.8% during the forecast period (2024-2031). The industry growth is driven by increasing advancement in lightweight and reliable braking systems, a global increase in the adoption of electric vehicles with increasing investment in automotive solutions, growing combination of advanced driver assistance systems (ADAS) with regenerative braking driving the market growth. In hybrid vehicles, regenerative braking can increase range and lower fuel use by capturing energy during ADAS-managed deceleration events.
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Regenerative braking is a revolutionary braking technology in the automobile industry that may be applied to both conventional and electric vehicles. A car’s regenerative braking system may turn half of the heat energy generated during braking into electrical power. This electricity can be stored in batteries for later use or quickly transferred to the vehicle’s power-hungry components. Additionally, the regenerative braking system is heavily utilized by electric automobiles. According to the International Energy Agency, (IEA), in 2024, there were about 14 million new electric vehicles registered globally in 2023. Sales of electric vehicles increased by 3.5 million over 2022, a 35.0% year-over-year rise. In 2023, about 18.0% of all automobiles sold were electric, up from 14.0% in 2022.
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Recent Development
- In June 2023, ZF and Tevva, developed the regenerative braking system for its 7.5-ton battery-electric truck. Tevva offers four times more efficient and effective regenerative braking systems.
- In May 2023, The MK 120 ESC brake system from Continental AG was introduced. The compact and efficient electronic brake system satisfies the requirements of automated driving and electrification with its over-the-air capabilities and cyber security measures. To ensure optimal security, these keys are made specifically for each product. The other car is safe even if the first one is compromised.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By System
o By Vehicle Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes AISIN Corp., Continental AG, DENSO Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Regenerative Braking Market Report Segment
By System
- Electric
- Hydraulics
- Kinetic
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
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