Press release
Automotive ABS and ESC Market Forecasted to Reach USD 4,069.95 Million by 2033, Growing at a CAGR of 11.2%
Automotive ABS and ESC Market
Key Growth Drivers and Market Dynamics
Rising Consumer Awareness: Growing awareness among consumers about road safety issues has led to an increased demand for sophisticated safety features in vehicles. ABS and ESC systems are essential for preventing collisions and maintaining control during emergencies.
Regulatory Compliance: Stringent safety regulations imposed by governments and regulatory agencies worldwide have prompted the widespread adoption of ABS and ESC systems in vehicles. Compliance with these regulations drives demand for vehicles equipped with these critical safety features.
Electric Vehicle Adoption: The growing popularity of electric vehicles (EVs) has positively impacted the ABS and ESC market. Manufacturers are incorporating advanced safety features to align with the unique characteristics of electric drivetrains, ensuring enhanced safety for EV users.
Insurance Incentives: Insurance companies often offer reduced premiums for vehicles equipped with ABS and ESC technologies, encouraging vehicle owners to opt for cars with these safety features. This incentivization boosts the growth of the electronic stability control (ESC) technology market.
Gain expert insights and supercharge your growth strategies. Request our market overview sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-5292
Challenges in the Automotive ABS and ESC Industry
The main hurdle facing the market is rising costs during the designing and testing stages and the high cost of the raw materials used to manufacture automotive ABS and ESC. These factors may hinder the automotive ABS and ESC market from expanding during the projected period.
Key Takeaways
The three channel ABS segment in the technology type category to grab a share of 25.4% from 2023 to 2033.
In the vehicle type category, the compact vehicle segment to acquire a market share of 12% between 2023 and 2033.
From 2023 to 2033, the automotive anti-lock braking system (ABS)and ESC market in Canada is projected to expand at a CAGR of 9.5%.
By 2023, sales of automotive ABS and ESC in the United States are expected to boost at a 12.5% CAGR.
A CAGR of 12.2% is projected for automotive anti-lock braking system (ABS)and ESC demand in the United Kingdom between 2023 and 2033.
Between 2023 and 2033, the France automotive anti-lock braking system and ESC market is projected to strengthen at a CAGR of 11.38%.
The Italy automotive anti-lock braking system (ABS)and ESC market is expected to expand at a CAGR of 10.56% until 2023.
A CAGR of 11.3% is anticipated for Spain automotive ABS and electronic stability control market growth between 2023 and 2033.
A CAGR of 11.0% is projected by the German automotive anti-lock braking system and electronic stability control (ESC) technology market through 2023.
India's automotive anti-lock braking system and electronic stability control market is anticipated to rise at a CAGR of 11.89% by 2023.
China automotive anti-lock braking system (ABS) and ESC sales are expected to climb at a CAGR of 11.38% until 2033.
Japan's automotive anti-lock braking system and electronic stability control market may exhibit a CAGR of 10.24% by 2023.
ASEAN sales of automotive ABS motors to record a CAGR of 9.64% between 2023 and 2033.
Australia and New Zealand (ANZ) automotive anti-lock braking system and electronic stability control market to register a CAGR of 9.64% through 2023.
Competitive Landscape
The automotive ABS and ESC businesses are forming alliances, making strategic investments, and purchasing important technologies. The anti-lock braking and stability control systems used in practically all passenger cars is another factor fuelling the market expansion for automotive ABS and ESC.
Vital Automotive ABS and ESC Manufacturers
Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Denso Corporation
Aisin Seiki Co. Ltd
Autoliv Inc.
WABCO Holdings Inc.
Hyundai Mobis Co. Ltd.
Bendix Commercial Vehicle Systems LLC
Delphi Technologies
Others
Novel Advancements
A long-term contract was struck in March 2022 between Haldex and KRONE Commercial Vehicle Group to provide the fourth-generation Electronic Brake System (EBS) platform for trailers.
ZF Friedrichshafen acquired WABCO in 2020 to increase its knowledge of commercial vehicle safety systems, such as ESC and ABS. The acquisition aimed to build an extensive array of safety products for passenger and commercial vehicles.
To collaboratively develop next-generation safety technologies with an emphasis on autonomous driving capabilities, Hyundai Mobis and Aptiv collaborated in 2019. Their partnership aims to establish integrated safety technology for the upcoming automobile industry.
Regional Outlook
When it comes to market share, Europe rules the automotive ABS and ESC market. This is because more cars are being sold in this region and advanced technology has been introduced.
North America is anticipated to develop rapidly because of the automotive market growth and modern technology's adoption.
One of the markets with enormous growth is Asia Pacific. The demand for anti-lock braking systems (ABS) is rising due to stringent traffic laws requiring ABS on all new automobiles.
In-Depth Market Analysis: A Complete Report
https://www.futuremarketinsights.com/reports/automotive-abs-and-esc-market
Key Segmentations
By Technology Type:
Three Channel ABS
Four Channel ABS
ESC
By Vehicle Type:
Compact Vehicle
Mid-Sized Vehicle
Premium Vehicle
Luxury Vehicle
Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel:
OEM
Aftermarket
By Region:
North America
Latin America
Europe
Japan
Asia Pacific
Middle East Asia
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive ABS and ESC Market Forecasted to Reach USD 4,069.95 Million by 2033, Growing at a CAGR of 11.2% here
News-ID: 3792813 • Views: …
More Releases from Future Market Insights Inc.
Global Inherited Orphan Blood Disorders Therapeutics Market to Grow at 9.0% CAGR …
The global market for Inherited Orphan Blood Disorders Therapeutics is poised for substantial growth over the next decade, with projections estimating the market to expand from USD 1.8 billion in 2025 to USD 4.2 billion by 2035. This represents a compound annual growth rate (CAGR) of 9.0%, reflecting the increasing need for targeted therapeutic solutions for rare genetic blood disorders.
Inherited orphan blood disorders, such as sickle cell anemia, thalassemia, and…
The Cardiovascular Surgical Devices Market: A Key Focus on Growth and Innovation …
The cardiovascular surgical devices market is undergoing a dynamic transformation, offering significant opportunities for healthcare providers, medical device manufacturers, and patients alike. With an estimated market value of USD 57.9 billion in 2025, the sector is projected to experience robust growth, reaching USD 122.7 billion by 2035. This impressive expansion, at a compound annual growth rate (CAGR) of 7.8%, is propelled by a convergence of factors including the rising incidence…
Surgical Heart Valves Market Poised for Unprecedented Growth, Projected to Reach …
The surgical heart valves market is entering a new era of expansion, projected to grow from USD 8,897.2 million in 2025 to a staggering USD 36,625.0 million by 2035. With a remarkable compound annual growth rate (CAGR) of 15.2% during the forecast period, the sector is set to be one of the fastest-growing segments within the global cardiovascular medical devices industry. As the world grapples with rising cardiovascular disease rates…
Paediatric Oncology Therapeutics Market Set for Robust Growth, Projected to Reac …
The global paediatric oncology therapeutics market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 8.0%, reaching a market value of USD 6.3 billion by 2035, up from USD 2.9 billion in 2025. This surge is driven by the increasing prevalence of childhood cancers and the escalating demand for advanced, age-specific treatment options.
As the global incidence of paediatric cancers rises, the need for effective, safe,…
More Releases for ABS
Tactical Abs Toner Reviews 2023: Read This Tactical Abs Toner Review Before Buyi …
Tactical Abs Toner" is an advanced muscle stimulator which developed using EMS technology. It brings military grade precision engineering and technology to fat burning and muscle building.
How Electrical Muscle Simulation (EMS) can help in losing weight
Electrical Muscle Stimulation (EMS) has emerged as a weight loss tool in the last couple of years and many people have selected it as the easiest way to lose their body fat and to enhance…
Tactical X Abs Stimulator Reviews - Does Tactical X Abs Stimulator Work? What Th …
The Tactical X Abs Muscle Stimulator is an innovative fitness device designed to help individuals achieve a well-defined and toned set of abdominal muscles. In today's fast-paced world, where people strive to look and feel their best, this cutting-edge product aims to provide an effective and convenient solution for enhancing abdominal strength and appearance.
Utilizing Electrical Muscle Stimulation (EMS) technology, the Tactical X Abs Muscle Stimulator delivers low-voltage electrical impulses to…
Tactical abs stimulator Review:Does this Abs simulator really works?
Introducing the Tactical Abs Stimulator, a cutting-edge fitness device that is poised to revolutionise abdominal training. Designed with advanced technology and innovative features, this stimulator offers a new and efficient way to develop strong, toned abs. If you've been looking for an effective solution to enhance your abdominal muscles without spending hours at the gym, this device might be just what you need. By harnessing the power of Electrical Muscle…
Tactical Abs Toner Review 2023 (Tactical Abs Toner Must Read!) : Shocking Price …
Everyone wants to look and feel their best in today's hectic environment. Your general fitness and health are improved as well as your appearance when you have a strong, well-defined set of abdominal muscles. Even if they spend a lot of time at the gym and adhere to rigorous diets, many people struggle to get the results they want. The Tactical Abs Toner can help with that. With the help…
Global Extruded ABS Market Size, by Type (Four-channel, four-sensor ABS, Three-c …
Global Extruded ABS Market research report provides complete intelligence about the global Extruded ABS industry, including market growth factors and prominent competitors in the market. The report also enfolds insightful analysis of competition intensity, segments, environment, trade regulations, and product innovations to render deep comprehension of the complete Extruded ABS market structure. Recent developments, technology diffusion, and important events of the market are also examined in this report.
Get Sample Copy…
Europe ABS Plastic Market Report 2017
This report studies sales (consumption) of ABS Plastic in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
BASF
GE Plastics
Kumho Chemical
Mitsubishi Chemical
Techno Polymer
Mitsui Chemicals
Sumitomo
Dow Benelux
RenqiuXingda
Market Segment by Countries, this report splits Europe into several key Countries, with sales (consumption), revenue, market share and growth rate of ABS…
