Press release
Anti-Lock Braking System (ABS) Automotive Market: 2018 Global Size, Share, Trends, Key Players - Bosch, Continental, Autoliv, Nissin Kogyo, WABCO, TRW Hyundai, Denso, Hitachi Analysis To 2023
Leading automobile manufacturers are introducing anti-lock breaking system in both traditional and electric vehicles to the entry level vehicles, which is further expected to boost the growth of the market. The increase in number of auto collision, increased safety awareness, development of advance braking system for two wheelers and the improving technical advancements for ensuring the safety of the passengers and the automotive, also add to the market growth.
The market is expected to witness growth opportunities over the forecast period with the expansion strategy, followed by key players to enter into untapped markets of developing economies and development of advanced braking systems for two wheelers.
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Anti-Lock Braking System (ABS) Automotive Market Companies Analyzed:
Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv Inc. (Sweden), Nissin Kogyo Co., Ltd. (Japan), WABCO Vehicle Control Systems (Belgium), TRW Automotive (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (Japan), and Advics Co., Ltd. (Japan).
Market Segmentation:
Based on sub-systems, the market has been segmented as Sensors, Electronic Control Unit and Hydraulic Unit. Amongst these, the hydraulic unit accounted for the largest revenue due to its high cost as compared to other components. The sensors segment is expected to grow with the highest CAGR during the forecast period due to advancement in technology as leading Anti-lock braking system OEM’s are manufacturing advanced anti-lock braking system equipped with a large number of sensors.
Based on vehicle type, the market has been segmented into two wheeler, passenger cars, and commercial vehicle. Two wheeler segment is expected to grow at the highest rate due to the introduction of stringent government rules & regulation regarding vehicle safety. The increase in the number of two wheelers, majorly in developing countries such as China, India and Singapore is expected to boost the growth of the market.
Geographic Analysis:
Geographically, the global automotive anti-lock braking system (ABS) market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. 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.
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Target Audience of Report:
This report mainly focuses on Anti-Lock Braking System (ABS) Automotive market Manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Anti-Lock Braking System (ABS) Automotive market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Anti-Lock Braking System (ABS) automotive market studied.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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