Anti-lock Braking System Market By Sub System (Sensors, Electronic Control Unit {ECU}, Hydraulic Unit), and By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Industry Trends, Estimation & Forecast, 2016 - 2024

August 2017

 Pages: 110

 ERC 8060

Anti-lock Braking System (ABS) Market was valued at $26 billion in 2016 and is projected to reach $44.5 billion by 2024, growing at a CAGR of 7.1% from 2017 to 2024. Passenger cars are anticipated to dominate the market throughout the analysis period.

Anti-lock braking system is a highly engineered and advanced braking system, which helps automobile to uphold tractive contact with the road surface, by releasing braking pressure for an instant and then providing optimal braking pressure to each wheel. In addition, it helps to maintain steering ability and to avoid skidding of vehicles in the wet or rough surface. ABS is an evolving technology in the global automotive industry and is applicable to both conventional and electric vehicles; the latter being a major consumer of the RBS. Automobile giants such as Toyota, BMW, Ford, and Tesla have introduced ABS in their vehicles.

Market Determinants

The global ABS market is largely driven by the factors such as rising demand for safety features, technological advancement, and stringent government safety rules & regulation. ABS is a highly effective system which prevents instant locking up of automobile wheel while braking and hence prevents major accidents which are caused due to skidding. As per a study done by NCBI, the skidding rate of motor bikes have reduced by more than 30% by installing ABS in them. In addition, the rise in the global automotive industry has further boosted the market growth. However, high cost associated with ABS, high maintenance cost, coupled with high safety ratings slows down the market growth. Irrespective of these challenges, advancement in technology in two wheeler ABS, and expansion of leading manufacturer of ABS in the untapped market of Asia-Pacific, and Latin America is expected to unfold numerous opportunities for the market growth.

ANTI-LOCK BRAKING SYSTEM MARKET DETERMINANTS- IMPACT ANALYSIS, 2017 VS. 2024

Anti-Lock Braking System Market

Market Segmentation

The global ABS market is segmented on the basis of the subsystem, vehicle type, and geography. Based on the subsystem, the market is categorized into sensors, electronic control unit (ECU), and hydraulic unit. Based on vehicle type, the market is divided into two wheelers, passenger cars, and commercial vehicles. Geographically, the global market has been segmented into North America, Europe, Asia-Pacific, and RoW (Latin America, Middle East, and Africa).

Anti-lock Braking System Market Segmentation

By Component
• Sensors
• Electronic Control Unit (ECU)
• Hydraulic Unit

By Vehicle Type
• Two Wheelers
• Passenger Cars
• Commercial Vehicles

By Geography
• North America
        o U.S.
        o Canada
        o Mexico
• Europe
        o Germany
        o France
        o Italy
        o UK
        o Rest of Europe
• Asia-Pacific
        o China
        o Japan
        o Australia
        o India
        o Rest of Asia-Pacific
• RoW
        o Latin America
        o Middle East
        o Africa

Anti-lock Braking System Market Key Players

• Robert Bosch Gmbh
• Continental Ag
• Autoliv Inc
• Nissin Kogyo Co., Ltd.
• WABCO
• ZFTRW
• Hyundai Mobis Co., Ltd
• Denso Corporation
• Hitachi Automotive Systems Ltd
• Advics Co., Ltd.

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