Anti-lock Braking System (ABS) Market by Sub-Systems (Sensors, Electronic Control Unit (ECU), Hydraulic Unit), Vehicle Type (Two Wheelers, Passenger cars, Commercial Vehicles) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Anti-lock Braking System (ABS) Market by Subsystems, Vehicle type, and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022", projects that the world ABS market is expected to reach $41 billion by 2022, growing at a CAGR of 8.2% during the forecast period. The passenger vehicle segment is estimated to dominate from 2016 to 2022. Asia-Pacific led the market in 2015, with a revenue contribution of around 31%.

ABS holds significant potential as it plays a vital role in the safety of vehicles thus, making it more safe and comfortable. Anti-lock braking system has witnessed a steep growth in passenger cars and commercial vehicles segment due to stringent vehicle safety standards followed by various transport authorities globally. The U.S. and the European Union have made it mandatory for all passenger cars, light commercial vehicles and certain types of two wheelers to come equipped with ABS as standard safety feature. The two wheelers market of ABS is expected to increase rapidly in the coming years. Developing countries such as India and China holds a tremendous potential in two wheelers market as the governments have made it mandatory to equip two wheelers with ABS from 2018 onwards. Further, various companies are trying to expand their market penetration in the APAC region for development of advanced braking systems for two wheelers

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Growth in demand for safety features, technological advancement, and increase in global safety protocols for vehicle safety drives the ABS market. The development of advanced braking systems for two wheelers, and expansion in untapped market of developing countries like China, India, Indonesia, and Brazil, are expected to boost the market growth. However, high maintenance cost and high safety standard ratings of ABS systems are the limitations that restrict the market growth.

ABS is an automobile safety system consisting of electronic control unit (ECU), sensors, and a hydraulic unit. Typically, there are four speed sensors equipped on the four wheels used to measure acceleration and deceleration of the wheels. ECU is used to monitor the data collected from the wheel sensors and transfer information to the hydraulic unit if in case any tire loses traction from the ground. Hydraulic unit consists of the valves and pumps used to release brake fluid at a desired pressure whenever instructed by the ECU.

The passenger vehicles industry is projected to maintain its lead due to rise in sales of electric vehicles and new technology advancement in ABS. ABS for the two wheeler industry has witnessed a rise in its sales owing to strict laws, light weight components, low cost, and increase in number of road traffic accidents. The rise in demand of ABS for commercial vehicles in the developed economies of North America further boosted the market growth.

Asia-Pacific accounted for the majority of revenue in 2015, and is expected to maintain its dominance till 2022. This is attributed to the increased adoption of safety features like ABS and ESC in vehicles, rise in sales of two wheelers, and laws and regulations enforced by government regarding installation of ABS in vehicles. North America dominates the market in terms of commercial vehicles production, as majority of commercial vehicles suppliers are located in this region.

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"ABS holds significant potential as it plays a vital role in the safety of vehicles thus, making it more safe and comfortable. Anti-lock braking system has witnessed a steep growth in passenger cars and commercial vehicles segment due to stringent vehicle safety standards followed by various transport authorities globally. The U.S. and the European Union have made it mandatory for all passenger cars, light commercial vehicles and certain types of two wheelers to come equipped with ABS as standard safety feature. The two wheelers market of ABS is expected to increase rapidly in the coming years. Developing countries such as India and China holds a tremendous potential in two wheelers market as the governments have made it mandatory to equip two wheelers with ABS from 2018 onwards. Further, various companies are trying to expand their market penetration in the APAC region for development of advanced braking systems for two wheelers," states Rakesh Singh, Research at AMR.

Asia-Pacific is projected to be the fastest growing region, throughout the analysis period. China is expected to be the dominant country in Asia-Pacific, especially in the two wheelers and passenger cars segment. This is a result of growth in rate of sales of two wheelers, increase in road accidents, laws and regulations imposed by the government on mandatory installation of ABS in vehicles, and increase in buying power of consumers in emerging markets such as India, Malaysia, and China to adopt safety features in vehicles. Technological advancements for low cost, light weight, and high-quality ABS in these countries offer a lucrative opportunity for the ABS market growth.

Key players in the ABS market focus to expand their business operations in the emerging countries, with new product launches as a preferred strategy. The major players profiled in this report include Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv Inc. (Sweden), Nissin Kogyo Co. Ltd. (Japan), WABCO (Belgium), ZF TRW (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (U.S.), and ADVICS Co., Ltd. (Japan).

Key findings of the study:

• In the year 2015, passenger cars led the market revenue, and this segment is projected to grow at a CAGR of 7.6% during the forecast period
• Two wheelers segment is expected to grow at the highest CAGR of 14.5%, owing to the increase in growth rate of two wheelers and mandatory installation of ABS
• The Hydraulic unit used in ABS is projected to generate the largest revenue by subsystems
• China is the major shareholder and accounted for about 60% of the Asia-Pacific ABS market in 2015
• India is expected to be the fastest growing country analyzed for ABS market and expected to exhibit double digit growth during the forecast period

LIST OF FIGURES

FIG. 1 WORLD ANTI-LOCK BRAKING SYSTEM (ABS) MARKET, KEY AUDIENCE
FIG. 2 WORLD ANTI-LOCK BRAKING SYSTEM (ABS) MARKET, COMPARATIVE ANALYSIS, 2015 & 2022
FIG. 3 WORLD ANTI-LOCK BRAKING SYSTEM (ABS) MARKET, RESEARCH METHODOLOGY
FIG. 4 TOP IMPACTING FACTOR
FIG. 5 TOP WINNING STRATEGIES IN THE WORLD ANTI-LOCK BRAKING SYSTEM MARKET (20132015)
FIG. 6 TOP WINNING STRATEGIES (%) (20132016)
FIG. 7 TOP INVESTMENT POCKETS
FIG. 8 VALUE CHAIN ANALYSIS OF WORLD ANTI-LOCK BRAKING SYSTEM MARKET
FIG. 9 PORTERS FIVE FORCES ANALYSIS
FIG. 10 MARKET SHARE ANALYSIS, 2015
FIG. 11 LEADING CAUSE OF ACCIDENTAL DEATHS, INDIA, 2013 (%SHARE)
FIG. 12 WORLD ANTI-LOCK BRAKING SYSTEM MARKET SHARE, BY SUB-SYSTEMS, 2014 & 2022 (%SHARE)
FIG. 13 WORLD ABS SENSORS MARKET ANALYSIS, 2015 ($MILLION)
FIG. 14 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD ABS SENSORS MARKET, 2014 & 2022 (% SHARE)
FIG. 15 WORLD ABS SENSORS MARKET, REVENUE, BY REGION, 2015-2022 ($MILLION)
FIG. 16 WORLD ABS SENSORS MARKET, SHARE ANALYSIS, BY REGION, 2015-2022 (%)
FIG. 17 WORLD ABS ELECTRONIC CONTROL UNIT (ECU) MARKET ANALYSIS, 2015 ($MILLION)
FIG. 18 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD ABS ELECTRONIC CONTROL UNIT (ECU) MARKET, 2014 & 2022 (% SHARE)
FIG. 19 WORLD ABS ELECTRONIC CONTROL UNIT (ECU) MARKET, REVENUE, BY REGION, 2015-2022 ($MILLION)
FIG. 20 WORLD ABS ELECTRONIC CONTROL UNIT (ECU) MARKET, SHARE ANALYSIS, BY REGION, 2015-2022 (%)
FIG. 21 WORLD ABS HYDRAULIC UNIT MARKET ANALYSIS, 2015 ($MILLION)
FIG. 22 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD ABS HYDRAULIC UNIT MARKET, 2014 & 2022 (% SHARE)
FIG. 23 WORLD ABS HYDRAULIC UNIT MARKET, REVENUE, BY REGION, 2015-2022 ($MILLION)
FIG. 24 WORLD ABS HYDRAULIC UNIT MARKET, SHARE ANALYSIS, BY REGION, 2015-2022 (%)
FIG. 25 WORLD ANTI-LOCK BRAKING SYSTEM MARKET SHARE, BY VEHICLE TYPE, 2014 & 2022 (%SHARE)
FIG. 26 WORLD TWO WHEELER ABS MARKET ANALYSIS, 2015 ($MILLION)
FIG. 27 WORLD TWO WHEELERS ABS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2014 & 2022 (%)
FIG. 28 WORLD TWO WHEELERS ABS MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
FIG. 29 WORLD TWO WHEELERS ABS MARKET, SHARE ANALYSIS, BY REGION, 2014-2022 (%)
FIG. 30 WORLD PASSANGER CARS ABS MARKET ANALYSIS, 2015 ($MILLION)
FIG. 31 WORLD PASSENGER CARS ABS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2014 & 2022 (%)
FIG. 32 WORLD PASSENGER CARS ABS MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
FIG. 33 WORLD PASSANGER CARS ABS MARKET, SHARE ANALYSIS, BY REGION, 2014-2022 (%)
FIG. 34 WORLD COMMERCIAL VEHICLE ABS MARKET ANALYSIS, 2015 ($MILLION)
FIG. 35 WORLD COMMERCIAL VEHICLE ABS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2014 & 2022 (%)
FIG. 36 WORLD COMMERCIAL VEHICLE ABS MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
FIG. 37 WORLD COMMERCIAL VEHICLE ABS MARKET, SHARE ANALYSIS, BY REGION, 2014-2022 (%)
FIG. 38 WORLD ANTI-LOCK BRAKING SYSTEM MARKET SHARE BY REGION, 2014 & 2022 (% SHARE)
FIG. 39 NORTH AMERICA: WORLD ANTI-LOCK BRAKING SYSTEM MARKET ANALYSIS, 2015 ($MILLION)
FIG. 40 NORTH AMERICA: ANTI-LOCK BRAKING SYSTEM MARKET SHARE, BY COUNTRY, 2014 (%)
FIG. 41 NORTH AMERICA: ANTI-LOCK BRAKING SYSTEM MARKET SHARE BY SUB-SYSTEMS, 2014 & 2022 (% SHARE)
FIG. 42 NORTH AMERICA: ANTI-LOCK BRAKING SYSTEM MARKET SHARE BY VEHICLE TYPE, 2014 & 2022 (% SHARE)
FIG. 43 NORTH AMERICA: ANTI-LOCK BRAKING SYSTEM MARKET, 20142022 ($MILLION)
FIG. 44 NORTH AMERICA: ANTI-LOCK BRAKING SYSTEM MARKET, BY SUB-SYSTEMS, 20142022 (%)
FIG. 45 NORTH AMERICA: ANTI-LOCK BRAKING SYSTEM MARKET, BY VEHICLE TYPE, 20142022 (%)
FIG. 46 U.S. ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 47 CANADA ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 48 MEXICO ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 49 EUROPE: WORLD ANTI-LOCK BRAKING SYSTEM MARKET ANALYSIS, 2015 ($MILLION)
FIG. 50 EUROPE: ANTI-LOCK BRAKING SYSTEM MARKET SHARE, BY COUNTRY, 2014(%)
FIG. 51 EUROPE ANTI-LOCK BRAKING SYSTEM MARKET SHARE BY SUB-SYSTEMSS, 2014 & 2022 (% SHARE)
FIG. 52 EUROPE ANTI-LOCK BRAKING SYSTEM MARKET SHARE BY VEHICLE TYPE, 2014 & 2022 (% SHARE)
FIG. 53 EUROPE: ANTI-LOCK BRAKING SYSTEM MARKET, 20142022 ($MILLION)
FIG. 54 EUROPE: ANTI-LOCK BRAKING SYSTEM MARKET, BY SUB-SYSTEMSS, 20142022 (%)
FIG. 55 EUROPE: ANTI-LOCK BRAKING SYSTEM MARKET, BY VEHICLE TYPE, 20142022 (%)
FIG. 56 GERMANY ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2015-2022 ($MILLION)
FIG. 57 ITALY ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 58 FRANCE ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 59 UK ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 60 REST OF EUROPE ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 61 ASIA-PACIFIC: WORLD ANTI-LOCK BRAKING SYSTEM MARKET ANALYSIS, 2015 ($MILLION)
FIG. 62 ASIA-PACIFIC: ANTI-LOCK BRAKING SYSTEM MARKET SHARE, BY COUNTRY, 2014(%)
FIG. 63 ASIA-PACIFIC ANTI-LOCK BRAKING SYSTEM MARKET SHARE BY SUB-SYSTEMSS, 2014 & 2022 (% SHARE)
FIG. 64 ASIA-PACIFIC ANTI-LOCK BRAKING SYSTEM MARKET SHARE BY VEHICLE TYPE, 2014 & 2022 (% SHARE)
FIG. 65 ASIA-PACIFIC: ANTI-LOCK BRAKING SYSTEM MARKET, 20142022 ($MILLION)
FIG. 66 ASIA-PACIFIC: ANTI-LOCK BRAKING SYSTEM MARKET, BY SUB-SYSTEMS, 20142022 (%)
FIG. 67 ASIA-PACIFIC: ANTI-LOCK BRAKING SYSTEM MARKET, BY VEHICLE TYPE, 20142022 (%)
FIG. 68 CHINA ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 69 JAPAN ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 70 INDIA ANTI-LOCK BRAKING SYSTEM MARKET REVENUE, 2014-2022 ($MILLION)

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