Straits Research published report, “Electronic Parking Brake System Market Size & Outlook, 2026–2034.” According to the study, the market size valued at USD 5.3 billion in 2025 and is projected to expand to USD 10.56 billion by 2034, registering a compound annual growth rate (CAGR) of 7.9%.

Market Dynamics

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.

Market Highlights

• Segmental Leadership: Passenger Cars hold the largest market share of 58.71% in 2025, driven by increasing adoption of electronic parking brakes in compact and luxury vehicle segments.
• Electronic Parking Brake Type Outlook: The Full Electric Drive-by-Wire Systems segment leads the market with a 42.36% share in 2025, owing to rising integration in next-generation electric and hybrid vehicles.
• Component Insights: The Electronic Control Unit (ECU) segment is projected to record the fastest CAGR of 9.58% during the forecast period, supported by advancements in intelligent braking and automation technologies.
• Regional Insights: North America dominates the market with a 34.86% revenue share in 2025, attributed to strong automotive manufacturing capabilities and rapid adoption of advanced braking systems across the U.S. and Canada.