Press release
Antilock Braking System (ABS) Market Size, Share, Development by 2023
Anti-lock braking system (ABS) is an automotive safety system, allowing the wheels to maintain tractive contact with the road surface according to driver inputs while braking, preventing the wheels from locking up (ceasing rotation) and avoiding uncontrolled skidding. In general, anti-lock braking system (ABS) can benefit in two ways: stop faster and be able to steer while you stop.
There are four main components to an ABS system: speed sensors, pump, valves and controller. Speed sensors, located at each wheel, can provide the information that when a wheel is about to lock up. The valve is in the brake line of each brake controlled by the ABS. When a valve reduces the pressure in a line, the pump is there to get the pressure back up. The controller is a computer in the car, watching the speed sensors and controlling the valves.
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Global Antilock Braking System (ABS) Market: Forecast by Type / Application / Region
Due to the policy promotion and fast developing automotive market, new vehicles’ assembly rate of ABS is growing faster. Demand from the downstream brings a power to the development of antilock braking system industry. In recent years, growing China market became an important driving force for ABS. Many foreign manufacturers enter into China by investment and joint venture. At present, a few companies occupy most of ABS market. They are Bosch, Continental Teves, TRW, ADVICS and Hyundai Mobis etc.
At present, there are many domestic manufacturers in China. Most of the domestic companies have lower technology and financial ability and they are facing the competition from the foreign companies.
As the development of new energy vehicles, more demands will come from the new energy vehicles. To feed these new demands, antilock braking system manufacturers need to accelerate the technical upgrading of ABS.
Over the next five years, LPI(LP Information) projects that Antilock Braking System (ABS) will register a 4.0% CAGR in terms of revenue, reach US$ 23600 million by 2023, from US$ 18600 million in 2017.
Global Antilock Braking System (ABS) Market: Key Players
Bosch
Continental
TRW
ADVICS
Hyundai Mobis
Mando
Wabco
Knorr-Bremse
Hitachi
Nissin Kogyo
Junen
Wanxiang
APG
Kormee
Dongfeng Electronic
Guangzhou Sivco
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Related Information:
United States Antilock Braking System (ABS) Market Research Report 2018
Europe Antilock Braking System (ABS) Market Research Report 2018
North America Antilock Braking System (ABS) Market Research Report 2018
Asia-Pacific Antilock Braking System (ABS) Market Research Report 2018
China Antilock Braking System (ABS) Market Research Report 2018
EMEA Antilock Braking System (ABS) Market Research Report 2018
Global Antilock Braking System (ABS) Market Research Report 2018
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