According to “Anti-lock Braking System Market For Automotive 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Automotive Anti-Lock Braking System market to grow at 7% CAGR and reach notable market value by 2023. Automotive Anti-Lock Braking System Industry 2019 Report Segments Market for Anti-lock Braking System by sub-systems (sensors, electronic control unit and hydraulic unit), vehicle type (two wheelers, passenger cars and commercial vehicles) and Region.
Global Automotive Anti-Lock Braking System Key Players Analyzed in Report –
Autoliv Inc. (Sweden), WABCO Vehicle Control Systems (Belgium), Hyundai Mobis (South Korea), Nissin Kogyo Co., Ltd. (Japan), Hitachi Automotive Systems, Ltd. (Japan), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Advics Co., Ltd. (Japan), and TRW Automotive (U.S.) are the key players in the Automotive Anti-Lock Braking System market.
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Global Market Highlights:
Anti-lock braking systems are used to assist automotive for safe braking and easy steering in situations of wet or slippery road. Automotive Anti-Lock Braking System uses a different mechanism as compared to traditional brakes which help in the maintenance of stability and control over steering. The increase in demand of consumers for advanced safety features in the automobiles and the introduction of stringent safety laws & regulations by various transport authorities are driving the growth of anti-lock braking system.
Automotive OEMs are exhibiting mounting interest in the incorporation of anti-lock braking system in vehicles which is generating considerable demand within the market. ABS monitor the speed of wheels and releases the brake in case any potential locking of wheels is detected. The surge in the incidence rate of road accidents has led to the increased adoption of ABS in the automotive industry, which is substantiating the growth of the market.
A comprehensive report has been launched on the global Automotive Anti-Lock Braking System market by Market Research Future (MRFR) with key insights on the market along with forecasts for the period of 2017-2023. MRFR has projected a CAGR of 7% in the global Automotive Anti-Lock Braking System market.
The increase in the demand for vehicle safety and comfort systems in automobiles is leading to the increased use of anti-lock braking system in automobiles. Further, while developing the advanced braking systems for two wheelers, the companies are expanding to tap into the developing markets such as India, Indonesia, and Brazil. This is expected to be an opportunity for the growth of the market and its major players. However, factors such as high maintenance cost and high safety standard ratings of anti-lock braking systems are expected to restrain the growth of the anti-lock braking system market.
Market Segments Analysis:
The global Automotive Anti-Lock Braking System market has been segmented based on sub-systems and vehicle type.
By Sub-Systems:
Sensors
Electronic Control Unit
Hydraulic Unit
By Vehicle Type:
Two Wheelers
Passenger Cars
Commercial Vehicles
Regional Market Insights:
The global Anti-lock Braking System Market For Automotive is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The Europe Automotive Anti-Lock Braking System market is driven by increasing adoption of safety systems in the developed economies of the region such as the US, Germany, and Spain. The region has enacted various strict regulations for the incorporation of safety features in vehicles to reduce the surging incidence rate of road accidents.
Asia Pacific region is expected to grow with the highest CAGR over the forecast period due to increasing diffusion rate for anti-lock braking system technology. In Asia Pacific, China is projected to dominate the growth of the anti-lock braking system market due to the increased road accidents and the rules & regulation imposed by government for installation of anti-lock braking system. China is expected to domineer the APAC market. The presence of an established automotive industry also generates substantial demand for anti-lock braking systems.
The North America region is also showcasing noteworthy growth. High sales of premium cars where ABS is a standard feature is boosting the growth of the market.
Table of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Anti-Lock Braking System (ABS) Market, By Sub-Systems
5.1 Introduction
5.2 Sensors
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Electronic Control Unit
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4 Hydraulic Unit
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Automotive Anti-Lock Braking System (ABS) Market, By Vehicle Type
6.1 Introduction
6.2 Two Wheelers
6.2.1 Market Estimates & Forecast, 2016-2023
6.2.2 Market Estimates & Forecast By Region, 2016-2023
6.3 Passenger Cars
6.3.1 Market Estimates & Forecast, 2016-2023
6.3.2 Market Estimates & Forecast By Region, 2016-2023
6.3 Commercial Vehicles
6.3.1 Market Estimates & Forecast, 2016-2023
6.3.2 Market Estimates & Forecast By Region, 2016-2023
7 Global Automotive Anti-Lock Braking System (ABS) Market, By Region
Continued…
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