Anti-Lock Braking System Demand to Prosper on Rising Adoption of Advanced Automobile Safety Systems in Passenger Cars, World Over

MarketResearchReports.Biz has recently announced the Latest industry research report on: “Antilock Braking System (ABS) Control Module Market for Automotive – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.

MarketResearchReports.biz has announced the addition of a new report titled “Anti-Lock Braking System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024”. The report on the global anti-lock braking system market offers in-depth insights into current outlook, emerging trajectories, recent technological advancements, and lucrative avenues in key regions. The study takes a closer look at key elements of competitive dynamics and the demand dynamics of key segments.

The notable rising worldwide awareness about road safety had propelled the demand for automobile safety features such as anti-lock braking systems among buyers. These systems have proved to be effective in preventing the vehicles against skidding after sudden brakes are applied and hence enable them to maintain traction with the road.

The market is increasingly driven by the rising uptake of this active automobile safety system by manufacturers of cars and bikes. Stringent implementation of regulatory norms in several developing and developed countries for improving the safety of passenger vehicles is a substantial catalyst to the steady expansion of the market over the assessment period from 2018 to 2026.

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The rapid rise in road traffic accidents, especially in emerging economies, and associated mortality in recent years is a key factor bolstering the demand for anti-lock braking systems. The growing affordability of vehicles equipped with anti-lock braking systems is helping in the rapid expansion of the market. In recent years, anti-lock braking systems (ABS) as part of advanced automobile safety features have been increasingly incorporated in high-end passenger cars. The growing demand for the system for all vehicle wheels in this category of cars is a notable factor boosting the market. The rising incorporation of four-channel, four-sensor ABS system is a case in point in which each wheel has a speed sensor and anti-lock system installed.

Developed regions, in particular, are potentially lucrative markets for anti-lock braking systems. This is attributed largely to the extensive uptake of the technology among car makers and original equipment manufacturers. In particular, North America and Europe have been early adopters of this technology and are contributing sizeable revenue shares in the global market. The rising consumer demand for technological advancements in automobile safety systems is fueling their growth.

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Anti-lock braking systems are witnessing attractively rising demand in numerous emerging economies, notably in Asia Pacific, the Middle East and Africa, and South America. This is attributed to the rising disposable incomes in these regions coupled with growing awareness about automobile safety features for preventing traffic accidents. A growing number of vehicle manufactures are tapping into the vast consumer potential in countries such as Brazil, India, and Russia.

Some of the prominent players operating in the anti-lock braking system market are Delphi Automotive PLC, Aisin Seiki Co., Ltd., Hitachi Automotive Systems, Ltd., Autoliv Inc., TRW Automotive, Denso Corp., Continental AG, Hyundai Mobis, and Robert Bosch GMBH

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