Automotive Antilock Braking System And Electronic Stability Control Industry to Achieve $78.73 Billion Growth by 2029

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How Will the Automotive Antilock Braking System And Electronic Stability Control Market Grow by 2025 in Terms of Size and Growth?
The size of the market for automotive antilock braking systems and electronic stability control has seen substantial growth in the past few years. There is a predicted increase from $56.37 billion in 2024 to $60.13 billion in 2025, marking a compound annual growth rate (CAGR) of 6.7%. The considerable expansion during the historic period can be accredited to an increase in road traffic incidents, stricter government regulations, a surge in vehicle manufacturing, a rising adoption rate of electric vehicles, and significant urbanization growth.

What Are the Estimated Growth Rates for the Automotive Antilock Braking System And Electronic Stability Control Industry Through 2029?
It is forecasted that the auto industry's anti-lock braking system and electronic stability control sector will experience robust growth in the coming years, with its market projected to reach $78.73 billion by 2029, representing a compound annual growth rate (CAGR) of 7.0%. This expected growth during the forecast period is due to factors such as stricter regulations, increased awareness and concern for road safety, higher vehicle production rate, growing electric vehicle demand, increased need for sophisticated safety features, and a heightened emphasis on vehicle safety. Future trends to watch include technological innovations, the introduction of 5G technology, improved sensor technologies, the rise of self-driving vehicles, and the presence of pro-active safety features.

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What Are the Strategic Drivers Boosting Automotive Antilock Braking System And Electronic Stability Control Market Performance?
The escalating frequency of accidents is anticipated to spur the advancement of the automotive antilock braking system and electronic stability control market. The surge in accidents is the result of expanded vehicle usage and distraction behind the wheel, often due to the usage of mobile devices. Furthermore, the lack of adequate infrastructure and driver-related errors are factors contributing to the escalating accident toll. Antilock brakes prevent the wheels from locking when braking, enhancing control over steering and lessening the likelihood of collisions, whereas electronic stability control bolsters vehicle stability by detecting and lessening skidding, hence significantly decreasing accident occurrences. For example, in May 2022, the US-based National Highway Traffic Safety Administration, a federal government agency, recorded a 10.5% upsurge in motor vehicle collision fatalities, equating to an average of 42,915 deaths as opposed to 38,824 in 2020. Therefore, the escalating frequency of accidents is promoting the growth of the automotive antilock braking system and electronic stability control market.

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What Are the Segments in the Automotive Antilock Braking System And Electronic Stability Control Market?
The automotive antilock braking system and electronic stability control market covered in this report is segmented -

1) By Technology: Three Channel Antilock Braking System, Four Channel Antilock Braking System, Electronic Stability Control
2) By Vehicle Type: Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle, Heavy Commercial Vehicle
3) By End Use: Original Equipment Manufacturer, After market

Subsegments:
1) By Three Channel Antilock Braking System (ABS): Front-Wheel Abs With Rear-Wheel Lock Detection, Mid-Range Vehicle Abs Systems, Abs With Speed And Pressure Sensors, Abs For Light Commercial Vehicles
2) By Four Channel Antilock Braking System (ABS): Full-Sensor Abs For All-Wheel Drive Vehicles, High-Performance Abs For Sports Cars, Advanced Four-Sensor, Four-Channel Abs, Abs With Electronic Brakeforce Distribution
3) By Electronic Stability Control (ESC): Esc With Traction Control Systems, Esc With Yaw Rate And Lateral Acceleration Sensors, Esc For Off-Road And Suvs, Esc Integrated With Advanced Driver Assistance Systems, Active Esc For Heavy-Duty Vehicles

What Are the Key Adoption Trends in the Automotive Antilock Braking System And Electronic Stability Control Market?
Major players in the market for antilock braking and electronic stability control systems in automobiles are striving to maintain their market standing through the development of groundbreaking technologies, such as electric braking systems. These systems focus on improving safety, efficiency, and vehicle performance by using electronic controls to manage braking force more proficiently than older hydraulic systems. For example, in October 2022, Lippert International Inc., a US-based manufacturer of superior connection systems, launched a comprehensive electric anti-lock braking system. This fresh system employs latest technology to upgrade trailer safety and performance. Its notable features encompass real-time tracking of wheel speed, offering precise control and averting wheel lock when braking. The system is engineered to be sturdy and dependable, capable of performing efficiently in different road and climatic conditions. Lippert's ABS sets out to establish a new benchmark in trailer braking technology, ensuring a safer and smoother towing experience across various applications for its users.

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Which Companies Lead the Competitive Landscape of the Automotive Antilock Braking System And Electronic Stability Control Industry?
Major companies operating in the automotive antilock braking system and electronic stability control market are Toyota Motor Corporation, Ford Motor Company, Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Nissan Motor Co. Ltd., Tata Motors Limited, DENSO Corporation, Continental AG, Hyundai Mobis Co. Ltd., ZF Friedrichshafen AG, Aisin Corporation, Schaeffler Group, Murata Manufacturing Co. Ltd., Autoliv Inc., Knorr-Bremse AG, Akebono Brake Industry Co. Ltd., Bendix Commercial Vehicle Systems LLC, Veoneer HoldCo LLC, Haldex AB, Magneti Marelli, Delphi Technologies, WABCO Holdings Inc.

Where Are the Key Automotive Antilock Braking System And Electronic Stability Control Market Opportunities by Region?
Europe was the largest region in the automotive antilock braking system and electronic stability control market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive antilock braking system and electronic stability control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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