ABS Market based on subsystem, the electronic control unit (ECU) segment dominated the global ABS Market in 2018, in terms of revenue. In addition, based on vehicle type, the passenger cars segment is expected to lead the market throughout the forecast period. At present, Asia-Pacific is the highest revenue contributor and is expected to garner the highest revenue in the global market during the forecast period, followed by North America, Europe and LAMEA.
Download Report (202 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/1609
Anti-lock braking system is a safety braking system used in vehicles to prevent it from skidding and prevents the wheel from locking up during braking; thereby, maintaining tractive contact with the surface of the road. It allows wheels of a vehicle to maintain dynamic contact with the road surface, which is proportional to the braking inputs given by the driver. It improves vehicle control and reduces stopping distance on both dry and slippery surfaces. Automobile companies have equipped their vehicles with anti-lock braking system, traction control system (TCS), electronic brake force distribution (EBD), and electronic stability control (ESC) to offer advanced safety features and improve stability control and safety on difficult terrains.
The key players analyzed in this ABS market report are ADVICS Co. Ltd, Autoliv, Inc., Continental AG, Denso Corporation, Hitachi Automotive Systems, Ltd., Hyundai Mobis, Nissin Kogyo Co. Ltd., Robert Bosch GmbH, WABCO, ZF TRW, and others.
According to a recent report published by Allied Market Research, titled, “ABS Market by Sub-system Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018-2026,” the global ABS Market size was valued at $37.69 billion in 2018, and is projected to reach $80.65 billion by 2026, registering a CAGR of 9.6% from 2019 to 2026.
Asia-Pacific dominates the market, followed by North America, Europe, and LAMEA. China dominated the anti-lock braking system ABS Market share in Asia-Pacific, whereas Australia is expected to grow at a significant rate in the Asia-Pacific region during the forecast period.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/1609
Anti-lock braking system is used in vehicles to prevent the vehicle to skid over the surface in case the brakes are applied immediately to prevent the vehicle from a collision. For instance, a vehicle is being driven at its maximum speed and suddenly the brake is to be applied, then with the presence of ABS the vehicle will not skid over the surface thereby preventing it from meeting any collision. Installation of ABS in the vehicles is recommended by all the manufacturers with the government taking initiatives to mandatorily installing ABS in the vehicles.
Many leading players in the ABS market are developing the anti-lock braking system to provide a safer driving experience. For instance, Continental AG has developed the third generation of anti-lock braking system known as ABS3, which has the feature to respond to higher speed of the vehicle along with providing a safer, controllable, and optimum brake performance while driving. With the continuous development in the technology along with its implementation in automobile sector, the market for ABS is expected to grow in the near future enabling the players to generate more revenue from the market.
The ABS Market is segmented on the basis of sub-system and vehicle type. Based on sub-system, the market is divided into sensors, electric control unit, and hydraulic units. By vehicle type, it is categorized into two-wheelers, passenger cars, and commercial vehicles. Through this segmentation, various applications of these systems and their use in the ABS system are determined along with their application in different vehicle types. Based on region, the ABS market is studied across North America, Europe, Asia-Pacific and LAMEA. The regional analysis gives the idea about the leading region in the ABS market.
The global anti-lock braking system (ABS) market is driven by a growth in demand for safety features, technological advancement, and stringent global safety protocols for vehicle safety. However, high installation and maintenance cost is the key factor that restrain the growth of the global ABS Market. However, development of advanced braking systems for two-wheelers and expansion in untapped markets is anticipated to provide growth opportunities to the ABS Market players.
Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/1609
Sensors, electronic control unit (ECU), and hydraulic system are the three main components of an anti-lock braking system. ECUs act as the brain for passive car safety systems, which control various systems such as the ABS. As per the current scenario, numerous leading companies operating in the automotive sector are continuously launching advanced ECUs for vehicles. For instance, Autoliv, a leading automotive safety system manufacturer launched ECU for car passive safety system. Automobile-component manufacturers are acquiring other leading players, with an aim to enhance their geographical presence and technical expertise. For instance, Nissin Kogyo joint ventured with Autoliv Inc. to form Autoliv-Nissin Brake Systems (ANBS). This will strengthen Autoliv’s role as a leading brake systems supplier of ABS, ECU, and RBS. Increase in the number of autonomous vehicles along with the installation of anti-lock braking system in them has increased the growth of the ECU market. Furthermore, the addition of in-car infotainment service in vehicles is providing numerous opportunities to the ECU market.
Key Finding of The ABS Market:
Based on subsystem, the sensors segments is expected to exhibit the remarkable growth rate during the forecast period.
Based on vehicle type, the two-wheeler segment is the fastest growing segment during the forecast period.
Based on subsystem, electronic control unit (ECU) is anticipated to garner the highest contribution in terms of revenue.
Based on region, Asia-Pacific contributed the highest ABS Market revenue in 2018, followed by North America, Europe, and LAMEA.
Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/1609
Similar Reports We Have on ABS Industry:
Autonomous Emergency Braking System Market by Product Type (Low-speed AEBS and High-speed AEBS), Technology (Crash Imminent Braking, and Dynamic Brake Support), and Vehicle type (Passenger Vehicle and Commercial Vehicle) – Global Opportunity Analysis and Industry Forecast, 2017-2030.
Brake Override System Market by Sensor Technology (Radar, LiDAR, Camera, Infrared, and Ultrasonic) and Vehicle Type (Passenger Cars and Commercial Vehicles) – Global Opportunity Analysis and Industry Forecast, 2017-2030.
Air Brake System Market by Type (Air Disc and Air Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, and Slack Adjuster), Rolling Stock Type (Diesel Locomotive, DMU, EMU, Metros, Passenger Coaches, and Freight Wagon), and Vehicle Type (Truck and Bus) – Global Opportunity Analysis and Industry Forecast 2019–2030.
Automotive Brake Valves Market by Type (Engine (Inlet & Outlet) Valves, AC Valve, Brake Valve, Thermostat Valve, Fuel System Valve, Solenoid Valve, Exhaust Gas Recirculation Valve, Tire Valve, Water Valve and AT Control Valve), Application (Engine System, HVAC System and Brake System), Function (Electric, Pneumatic and Hydraulic) and Vehicle (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Disc Brake System Market by Brake Type (Disc Brake and Drum Brake), Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), Technology (Anti-lock Braking System (ABS), Electronic Stability, Traction Control System and Electronic Brake Force Distribution) and Application (Agriculture Tractor and Construction Equipment): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Front and Rear Brake Market by Type (Disc, and Drum), Vehicle (Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Two-Wheeler Brake Pads Market by Type (Motorcycle, Scooter, and Moped), by Location (Front Wheel, and Rear Wheel), by Material (Metal, Ceramic, and Organic), by Sales (OEM, and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com