23 Jul, 2026
According to Straits Research, the global electronic parking brake system market size was valued at $5.3 billion in 2025 and is projected to grow from $5.77 billion in 2026 to $10.56 billion by 2034, registering a CAGR of 8.9% during the forecast period 2026–2034.
The Electronic Parking Brake System Market is further boosted by the rising trend towards vehicle electrification, advanced driver assistance system (ADAS) integration, and the focus of the automotive sector on improved driving comfort and safety. Rising use of electronic and autonomous braking systems in mid-range and premium vehicle segments is strongly propelling market expansion. Growing demand for light and efficient braking parts, as well as increasing vehicle safety standards, keeps driving adoption in both passenger and commercial vehicles.
Government support for intelligent braking technologies through encouraging policies and growing investments in R&D for electronic and wire-controlled systems in the U.S., Germany, Japan, and South Korea are major drivers for market growth. Strategic investments in whole drive-by-wire architectures and intelligent electronic control units (ECUs) are opening new avenues for vehicle manufacturers, Tier-1 suppliers, and system integrators to improve braking accuracy, vehicle automation, and energy recovery efficiency.
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