Global Automotive Anti-Lock Braking System Market Size To Worth USD 123.85 Billion By 2033 | CAGR of 8.22%

Global Automotive Anti-Lock Braking System Market Size To Worth USD 123.85 Billion By 2033  

According to a research report published by Spherical Insights & Consulting, the Global Automotive Anti-Lock Braking System Market Size is to Grow from USD 56.21 Billion in 2023 to USD 123.85 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 8.22% during the projected period.

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Browse key industry insights spread across 203 pages with 110 Market data tables and figures & charts from the report on the "Global Automotive Anti-Lock Braking System Market Size, Share, and COVID-19 Impact Analysis, By Sub-System Type (Electronic Control Unit, Speed Sensors, Hydraulic Unit, and Others), By Vehicle Type (Passenger Cars, Two-Wheeler, Commercial Vehicles, and Others), By Distribution Channel (OEMs, Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." 

The anti-lock braking system (ABS) is a sophisticated active braking system used in automobiles to help drivers keep control of their vehicle. It allows a vehicle's wheels to remain in dynamic contact with the road surface in reaction to the driver's braking input. It improves vehicle control and lowers the risk of an accident on both dry and slick roadways. Automobile manufacturers have installed anti-lock braking systems (ABS), traction control systems (TCS), electronic brake force distribution (EBD), and electronic stability control (ESC) in their vehicles to improve stability, control, and safety on rough terrain. Furthermore, one of the primary drivers of the ABS sector is the application of regulatory standards and safety rules by governments and regulatory organizations all over the world. Many countries have mandated that vehicles be equipped with automobile anti-lock braking systems, recognizing its potential to improve road safety and prevent accidents. Furthermore, in reaction to the increasing incidence of deadly traffic accidents, governments around the world have passed legislation requiring the installation of car safety equipment. However, the global automotive anti-lock braking system industry will be further challenged by the availability of counterfeit parts at a lower cost than genuine manufacturer's parts.

The electronic control unit segment is anticipated to hold the greatest share of the global automotive anti-lock braking system market during the projected timeframe.   

Based on the sub-system type, the global automotive anti-lock braking system market is divided into electronic control units, speed sensors, hydraulic units, and others. Among these, the electronic control unit segment is anticipated to hold the greatest share of the global automotive anti-lock braking system market during the projected timeframe. Electronic control units (ECUs) are sophisticated electronic components that collect data from wheel speed sensors and other pertinent inputs in order to predict wheel lock-up and perform remedial actions such as changing brake pressure to avoid skidding.

The passenger car segment is anticipated to grow at the fastest pace in the global automotive anti-lock braking system market during the projected timeframe.   

Based on the vehicle type, the global automotive anti-lock braking system market is divided into passenger cars, two-wheelers, commercial vehicles, and others. Among these, the passenger car segment is anticipated to grow at the fastest pace in the global automotive anti-lock braking system market during the projected timeframe. The increasing use of passenger vehicles, the increased frequency of traffic accidents, and the implementation of government rules requiring automobiles to have anti-lock braking systems all contribute to the passenger car segment's growth in the global automotive anti-lock braking system market.

The OEMs segment is predicted to grow at the highest pace in the automotive anti-lock braking system market during the estimated period.

Based on the distribution channel, the global automotive anti-lock braking system market is divided into OEMs and aftermarket. Among these, the OEMs segment is predicted to grow at the highest pace in the automotive anti-lock braking system market during the estimated period. OEMs refer to the installation of anti-lock braking systems in automobiles during the manufacturing process. Because ABS is recognized as a basic safety element, OEMs are incorporating it into a wide range of vehicles, including passenger cars, commercial vehicles, and motorcycles, resulting in OEM segment growth in the global automotive anti-lock braking systems market.

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Asia Pacific is expected to hold the largest share of the global automotive anti-lock braking system market over the forecast period.

Asia Pacific is expected to hold the largest share of the global automotive anti-lock braking system market over the forecast period. This is attributable to a strong automotive industry, increased vehicle production, and a growing emphasis on vehicle safety, all of which are driving market expansion. Furthermore, nations such as China, Japan, India, and South Korea are witnessing considerable growth in their automotive sectors, which is driving up demand for car antilock braking systems. Furthermore, rapid urbanization, rising disposable income, and an expanding middle-class population have resulted in an increase in car ownership, as well as growing demand for greater safety features such as automobile anti-lock braking systems.

Europe is predicted to grow at the fastest pace in the global automotive anti-lock braking system market during the projected timeframe. European countries, particularly Germany, France, and the United Kingdom, have a large automotive presence and are known for their stringent safety standards, and early adoption of automotive anti-lock braking system technology contributes to the market's significant growth. Furthermore, in Europe, automobile anti-lock braking systems were widely used in vehicles, emphasizing complex safety features. Automotive anti-lock braking systems changed to accommodate hybrid and electric vehicles.

Major vendors in the Global Automotive Anti-Lock Braking System Market include TRW Automotive, Robert Bosch GMBH, Hyundai Mobis, Denso Corporation, Delphi Automotive Plc, ADVICS Co., Ltd., Autoliv Inc., Aisin Seiki Co., Ltd., Continental Ag, Hitachi Automotive Systems, Ltd., Haldex AB, Nissin Kogyo Co., Jiaozuo, and Others.

Recent Developments

• In July 2023, the Itelma LLC factory in Kostroma began producing anti-lock braking systems (ABS) and electronic stability control systems (ESP) for passenger automobiles, becoming Russia's first such facility. The regional administration's press service informed Interfax of this development.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Automotive Anti-Lock Braking System Market based on the below-mentioned segments:

Global Automotive Anti-Lock Braking System Market, By Sub-System Type

• Electronic Control Unit
• Speed Sensors
• Hydraulic Unit
• Others

Global Automotive Anti-Lock Braking System Market, By Vehicle Type

• Passenger Cars
• Two-Wheeler
• Commercial Vehicles
• Others

Global Automotive Anti-Lock Braking System Market, By Distribution Channel

• OEMs
• Aftermarket

Global Automotive Anti-Lock Braking System Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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