Automotive Anti-Lock Braking System Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
The rising number of deaths caused by traffic accidents has
compelled governments in many countries to implement strict standards and
regulations, including the installation of anti-lock brakes (ABS) in all cars,
which is propelling the worldwide industry forward. For example, India's Road
Transport Ministry said in September 2015 that by 2018, all motorcycle models
shall be equipped with a combined braking system (CBS) and an anti-lock braking
system. Aside from letting the driver to preserve the vehicle's directional
stability and steering control when braking, ABS has further benefits. It makes
it easier for the automobile to handle sharp curves fast and safely. The
current Range Rover, for example, employs the in-built ABS to gradually brake a
sliding wheel to assist restore traction and grip. Furthermore, anti-lock
braking systems work effectively to bring a vehicle to a rapid stop. Anti-lock
braking systems collect turbulent shock waves and modify pulses, enabling the
wheel to continue turning while applying maximum braking force. As a result,
the use of anti-lock braking systems in self-braking systems is on the rise.
However, the worldwide market's growth is being hampered by irregular stop
timings and expensive costs related with these systems.
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Anti-lock braking systems are used in automobiles, lorries, buses, and
motorbikes to prevent skidding. It keeps wheels from locking up and prevents
cars from slipping out of control. In an emergency, the anti-lock braking
system reduces the stopping distance on dry and slick roads and prevents the
automobiles from colliding. Due to an increase in the frequency of road
accidents, governments throughout the world are enacting severe laws for the
installation of ABS in all types of cars. Nearly 1.3 million people die every
year in road collisions, according to the Annual Global Road Crash Statistics,
necessitating the incorporation of vehicle safety and control systems such as
ABS in automobiles.
According to UnivDatos Market Insights (UMI)’ research
report “Automotive Anti-Lock Braking System Market”, the market
is expected to witness a CAGR growth of around 7% during the forecast period
2021-2027F. Global Automotive Anti-Lock Braking System Market is experiencing
significant growth due to the growing demand of safety features along with
increased government mandates for vehicle safety.
Based on sub-system, the market is segmented into Sensors, Electronic Control Unit and
Hydraulic Unit. The Sensors segment is expected to grow at a higher CAGR during
the forecasted period. Sensors are an important aspect of the anti-lock braking
system because they help the ABS control module sense, monitor, and communicate
wheel speed. This segment's rapid revenue growth rate may be attributable to
technical developments in sensor systems, expanding demand for sophisticated
sensors, and increasing vehicle demand.
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Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=17986Based on vehicle type, the market is segmented into Passenger Cars, Commercial Vehicles and
Tow-Wheelers. The Passenger Cars segment is expected to grow at a higher CAGR during
the forecasted period. Over the projected period, the passenger vehicle
category is predicted to increase at a much faster rate in terms of revenue.
The increasing use of passenger vehicles, the rise in the number of road
accidents, and the introduction of government rules requiring automobiles to
have anti-lock brakes (ABS) are all contributing to the passenger car segment's
growth. The increase in the production of large number of passenger cars in
countries such as China, U.S., Germany, and India will fuel the market growth
of ABS
Asia Pacific to Grab Lion’s Share
Based on the estimation, during the
projection period of 2021-2027, Asia Pacific market is predicted to be the
fastest-growing region in the coming years. During the projection period, it is
predicted to dominate with the greatest CAGR. Due to rising vehicle production
and sales, Asia Pacific is expected to dominate the automotive anti-lock
braking system market. Manufacturers in this region are concentrating their
efforts on producing high-end ABS systems in order to attract more customers and
get a competitive advantage over their competitors. The key automobile
manufacturing countries in the area are India, South Korea, Japan, and China,
which are driving the industry forward. Asia-Pacific is one of the world's
fastest-growing regions. Other major drivers driving market revenue growth
include rapid urbanization, expanding commercial vehicle usage, rising
disposable income, and strong demand for passenger automobiles. Other important
reasons driving market expansion include strict government road safety
regulations and requirements to install anti-lock brakes (ABS) in cars as a
result of an increase in the frequency of road accidents.
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According to UnivDatos Market Insights
(UMI)’, the key players with a considerable market share in the Global Automotive
Anti-Lock Braking System Market are includes Denso Corporation, Robert Bosch GmbH, Hitachi
Automotive Systems Ltd., Continental AG, Autoliv Inc., Hyundai Mobis Co., Ltd.,
ZF Friedrichshafen AG, Aptiv PLC, The Mando Corporation, Nissin Kogyo Co. etc.
·
In Oct. 2020, Hitachi Automotive
Systems, Ltd. introduced a new heavy-duty automated parking brake (APB HD)
especially designed for pickup trucks, vans, SUVs and light commercial
vehicles. The new brake system is suited for a variety of pickup trucks, vans,
SUVs and light commercial vehicles with a gross vehicle weight rating at or
below 3.5 tons
·
In Sep. 2020, ZF one of the largest
suppliers of active and passive safety systems for passenger cars test vehicle
with Electronic Stability Control (ESC). Brake intervention stabilizes the
vehicle in critical situations. This ESC system also includes an Anti-lock
Braking System (ABS) and Traction Control (TC)
“Global Automotive
Anti-Lock Braking System Market” provides comprehensive qualitative and
quantitative insights on the industry potential, key factors impacting sales
and purchase decisions, hotspots, and opportunities available for the market
players. Moreover, the report also encompasses the key strategic imperatives
for success for competitors along with strategic factorial indexing measuring
competitor's capabilities on different parameters. This will help companies in
the formulation of go to market strategies and identifying the blue ocean for
its offerings.
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Market Segmentation:
1. By Sub-System
(Sensors, Electronic Control Unit and Hydraulic Unit)
2. By Vehicle
Type (Passenger Cars, Commercial Vehicles and Tow-Wheelers)
3. By Region (North
America (United States, Canada, Rest of North America), Europe (Germany, France,
UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest
of APAC), and Rest of World)
4. By Company (Denso
Corporation, Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Continental
AG, Autoliv Inc., Hyundai Mobis Co., Ltd., ZF Friedrichshafen AG, Aptiv PLC,
The Mando Corporation, Nissin Kogyo Co.)
Key questions answered in the study:
1.
What are the current and future trends
of the Global Automotive Anti-Lock Braking System industry?
2.
How the industry has been evolving in
terms of end-user demand and product category?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the Global Automotive Anti-Lock Braking System industry?
5. What
is the customer orientation, purchase behavior, and expectations from the Global
Automotive Anti-Lock Braking System suppliers across various countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE ANTI-LOCK BRAKING SYSTEM MARKET
COVID-19 IMPACT
6 AUTOMOTIVE ANTI-LOCK BRAKING SYSTEM MARKET
REVENUE, 2019-2027F
7 MARKET INSIGHTS BY SUB-SYSTEM
8 MARKET INSIGHTS BY VEHICLE TYPE
9 MARKET INSIGHTS BY REGION
10 AUTOMOTIVE ANTI-LOCK BRAKING SYSTEM MARKET
DYNAMICS
11 AUTOMOTIVE ANTI-LOCK BRAKING SYSTEM MARKET
OPPORTUNITIES
12 AUTOMOTIVE ANTI-LOCK BRAKING SYSTEM MARKET
TRENDS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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