Core Viewpoint - The electromagnetic brake industry in China is experiencing significant growth driven by advancements in industrial automation, smart manufacturing, and the electric vehicle sector, with a projected market size of 21.695 billion yuan in 2024, reflecting a year-on-year increase of 9.08% [1][10]. Industry Overview - Electromagnetic brakes utilize electromagnetic force for stopping or holding motion, characterized by their compact structure, simple operation, and quick response time of 0.3 seconds [2][4]. - The industry has evolved through four main stages: initial development (1960s-1980s), scale-up (1990s-early 2000s), domestic replacement (early 2000s-2010), and the current phase of smart and green technology [4][5]. Market Size - The market for electromagnetic brakes is expanding due to the rapid development of industrial automation and electric vehicles, with a forecasted market size of 21.695 billion yuan in 2024, marking a 9.08% increase from the previous year [1][10]. Industry Development Trends 1. **Technological Innovation and Product Upgrading** - The industry is transitioning towards a technology-intensive model, with a focus on high precision, reliability, and smart features, driven by the demands of Industry 4.0 and smart manufacturing [19]. 2. **Diversification of Application Scenarios and Market Expansion** - The application of electromagnetic brakes is broadening, particularly in electric vehicles and rail transportation, which is driving market growth [20][21]. 3. **Industry Chain Integration and International Competition** - The industry is enhancing competitiveness through vertical integration of upstream materials and downstream applications, while also expanding internationally to capture emerging markets [22]. Key Companies - **Reidi Intelligent Drive**: A leading brand in the elevator sector, focusing on electromagnetic brakes and robotics, with plans for an IPO to fund expansion projects [15]. - **Asia Pacific Electromechanical Co., Ltd.**: A dominant player in the automotive brake system industry, achieving significant revenue growth [15]. - **Jiangxi Huawai Brake Co., Ltd.**: A key player in industrial braking systems, with a diverse product range and a strong export presence [17].