Automotive Anti-Lock Braking System (ABS) Market to Witness Astonishing Growth by 2028

ABS market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period. The primary factor contributing toward the market growth includes the rising incidence of road-accidents across the globe, which has increased the concerns related to road safety. According to the World Health Organization (WHO), around 1.3 million people loses life in road accidents every year, and about half of the casualties occur in middle and low-income economies that have less than 50% of the global total vehicles. Thus, to reduce cases of road accidents and provide improved enhanced safety, the automobile manufacturers are offering better ABS in vehicles, which in turn will bolster the market growth. ABS, are found in automobiles, trucks, buses, and motorcycles. It stops wheels from locking up and vehicles from slipping out of control. Additionally, the ABS reduces the distance on rough and dry roads, protecting cars from crashing in emergency situations.

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The global ABS market is segmented based on the sub-system type and vehicle type. Based on the sub-system type, the market is sub-segmented into sensors, ECU, and hydraulic unit. Based on the vehicle type, the market is sub-segmented into two-wheeler, passenger cars, and commercial vehicles. Among the sub-system type, the sensors sub-segment is anticipated to witness lucrative growth over the forecast period. An ABS sensor is a wheel speed sensor that assists the car's ABS system to know when to engage. The ABS system is designed to kick in during emergency braking situations to prevent wheels from locking up, which in turn, maintains control of a vehicle while avoiding accidents.

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Automotive Anti-Lock Braking Systems (ABS) Market Segmentation

By Sub-System Type

Sensors
Electronic Control Unit (ECU)
Hydraulic Unit

By Vehicle Type

Two-Wheeler
Passenger Cars
Commercial Vehicle

Regional Analysis                                                                                                                                                                            

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Advics Co., Ltd.
Autoliv Inc.
Beijing Automotive Group Co., Ltd.
BWI Group
Continental AG
Delphi Technologies
DENSO Corp.
Haldex AB
Hitachi, Ltd.
Jiaozuo Brake Co., Ltd.
JUNEN Enterprise Corp.
KEMI Lab
Knorr-Bremse Group
Robert Bosch GmbH
The Asia/Pacific Group
The Distance Education Accrediting Commission (DETC)

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