Press release
Automotive anti-lock braking system (ABS) Market: 2018 Size, Share, Trends, Emerging Technologies, With Regional Forecast To 2023
Automotive anti-lock braking system (ABS) Market rapidly growing With a Staggering CAGR by end of 2023. According to latest research report published on automotive anti-lock braking system (ABS) Market 2018 - Global Forecast To 2023, this automotive anti-lock braking system (ABS) Market is driven by factors such as increase in demand for advance safety features, technological advancements, and rapid growth of the automotive industry, increase in the demand for vehicle safety and comfort systems in automobiles is leading to the increased use of anti-lock braking system in automobiles.
This published research report of 110 pages analyzes Automotive anti-lock braking system (ABS) Market Information by sub-systems (sensors, electronic control unit and hydraulic unit), by vehicle type (two wheelers, passenger cars and commercial vehicles) and by Region - Forecast To 2023.
Get Sample Copy of Automotive anti-lock braking system (ABS) Market 2018 - Global Forecast to 2023 at: https://www.marketresearchfuture.com/sample_request/5413
Anti-lock braking systems are used to assist automotive for safe braking and easy steering in situations of wet or slippery road. The use of these systems in automotive prevents a person from slipping or skidding of a vehicle, and retains the control of steering after hard braking. The increase in demand of consumers for advanced safety features in the automobiles and the introduction of stringent safety laws & regulations by various transport authorities are driving the growth of anti-lock braking system.
Automotive anti-lock braking system (ABS) Market Key Industry Players Analyzed In Report Are: 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).
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.
Intended Audience:
Automotive connector’s manufacturers
Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Regional 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.
The report for Global Automotive anti-lock braking system (ABS) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Browse more details on this “Automotive anti-lock braking system (ABS) Market Research Report - Global Forecast to 2023” report at: https://www.marketresearchfuture.com/reports/anti-lock-braking-system-market-5413
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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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