The Automotive Brake-by-wire Systems Market is forecast to grow by USD 13.95 billion, with an exceptional CAGR of 26.91% during the forecast period of 2023-2028. This growth is driven by the accelerating electrification of vehicles, increased demand for lightweight car models, and the superior performance offered by brake-by-wire systems. These factors represent a broader shift in the automotive industry, where advanced technologies such as steer-by-wire are reshaping vehicle design and functionality. As manufacturers focus on improving vehicle efficiency and integrating cutting-edge technologies, brake-by-wire systems are becoming increasingly important. Technavio's market report delves into the significant role these systems play in both consumer and industry preferences, highlighting key trends from 2018 to 2022 and offering future market projections. The evolution of brake-by-wire technology is expected to continue at a rapid pace, providing numerous growth opportunities.

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