Automotive Anti-Lock Braking System (ABS) Market Research Report
Growth opportunities in the Automotive
Anti-Lock Braking System (ABS) Market look promising over the next six
years. This is mainly due to their employment in automobiles to help the driver
control the vehicle and sustain dynamic contact with the road surface to avoid
the chances of collisions.
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Automotive Anti-Lock Braking System (ABS)
Market Dynamics (including market size, share, trends, forecast, growth,
forecast, and industry analysis)
Key
Drivers
The enhanced command on the vehicle while driving on the
road raised the preference of individuals towards the Anti-Lock Braking System.
Some of the prominent drivers contributing to the growth of the market include
the safety principles that are persistently supervised by the different
government bodies accompanied by the ongoing technological modernizations and
swift expansion in the automotive industry. Moreover, the notable growth in the
number of vehicles led by the accelerating disposable income of the growing
population, promoting them to choose better mobility solutions, which further
strengthens the market size. Also, the mounting demand for improved security
features with an expansion in the preventing protocols promotes market growth.
Enormous enterprises, including New Car Assessment Program and Insurance
Institute for Highway Safety, necessitate automobile companies to integrate
protective systems in the vehicles to serve the standard safety ratings in the
vehicles. However, the high cost associated with the value of raw materials
along with the plausible enhancements in the design prospects of the end
product will hinder the market share. Additionally, the maintenance cost is
relatively higher than the conventional systems will curb the market growth.
Sub-Systems
Segment Drivers
Based on sub-systems, the market is segmented into Sensors,
Electronic Control, and Hydraulic units. Amongst these, the hydraulic unit is
projected to dominate the market over the forecast period. This is mainly due
to its excessive price compared to other components. On the other hand, the
sensors are forecasted to expand at a higher CAGR during the forecast period
due to development in technology. For example, the leading Anti-lock braking
system OEMs are producing sophisticated systems equipped with a large number of
sensors.
Vehicle
Type Drivers
Based on vehicle type, the market is bifurcated into
two-wheelers, passenger cars, and commercial vehicles. The Two-wheeler is
predicted to lead the market in the near future due to the initiation of
rigorous government rules & policies regarding vehicle safety, primarily in
developing countries including, China, India, and Singapore.
Automotive
Anti-Lock Braking System (ABS) Market’s leading Manufacturers:
·
Robert Bosch GmbH (Germany)
·
ADVICS Manufacturing Ohio, Inc.
·
Continental AG
·
ZF Friedrichshafen AG
·
BWI Group
·
WABCO ABS
·
Hitachi Automotive Systems
·
Nissin Kogyo Co., Ltd.
·
TRW Automotive
·
Haldex
Automotive Anti-Lock Braking System (ABS) Market Segmentation:
Segmentation by Components
•
Speed Sensors
•
Valves
•
Pump
•
Controller
Segmentation by Vehicle Type
•
Two-wheeler
•
Four-Wheeler
•
Commercial Vehicle
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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