Anti-lock braking system market– competitive insights, influencing factors, market size & Forecasting (2016-2028)

An anti-lock braking system market has been witnessing growth, owing to the increased number of vehicle collisions and safety awareness. ABS is a safety system installed in automobiles that prevent wheels from locking and helps the driver maintain steering control. It is also known as the anti-skid braking system. It enables the tires to maintain tractive contact with the ground to avoid losing control. The system increases the safety standards of the vehicles and helps to reduce on-road accidents.

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The growing automobile industry is one of the main reasons why the anti-lock braking system is gaining popularity. The automotive industry is booming in the Asia Pacific region due to the high population and increase in disposable income. The demand for ABS in developed countries like USA, Germany, England etc. is growing due to the high safety standards required for vehicles.
ABS is also very popular in vehicles used for racing, for example in the F1 or NASCAR where the ABS becomes very important due to the high speeds, swift turns and the quick breaks that the drivers are required to make.
The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for anti-braking system market.

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Market Segmentation:

By Sub-System:

• Sensors
• Electronic Control Unit
• Hydraulic Unit

By Vehicle Type:

• Two-Wheelers
• Passenger Cars
• Commercial

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

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Major Companies Operating in the Market:

• Robert Bosch GmbH
• Continental AG
• Autoliv Inc.
• Hyundai Mobis
• ZF Friedrichshafen AG
• TRW Automotive
• Hitachi Automotive Systems
• ADVICS Co. Ltd.
• Denso Corporation

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.