Automotive Anti-lock Braking System Market is anticipated to grow at a steady rate and post a CAGR of 8.72% during 2018-2023| Major Players - AUTOLIV, BOSCH, CONTINENTAL, DELPHI AUTOMOTIVE, DENSO CORPORATION, TRW AUTOMOTIVE amongst others

Market Analysis:

The key factors for the increasing acceptance of these systems are the increasing focus on safety and the potential reduction in road-accident related deaths. Close to 3,300 people die every day from road crashes, and about 9/10ths of the total casualties occur in the middle and low-income countries that have less than half of the world’s total vehicles.

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Cost considerations and a lack of regulations result in car manufacturers neglecting the employment of vital security systems such as ABS and ECC, which results in a high number of casualties and injuries. Car manufacturers have taken this news seriously, and some of them have started incorporating ABS as standard. But still, there is a long way to go, and it is also expected that a minimum safety requirement for automobiles will come into place soon. This will boost the ABS systems market, as India is one of the biggest automobile markets in the world, and also one of the fastest growing. The ABS market is expected to show a high rate of growth as these systems are starting to be used extensively in entry-level 2-wheelers as well.

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Market Segments:
Automotive Anti-lock Braking System Market is segmented by:
1. Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market:
• January 2018: Hyundai recalls 88,000 cars due to a problem in ABS wiring that could catch fire.
• January 2018: Acura RDX Elite with next generation ABS was awarded the highest score possible by IIHS.

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