The global Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the automotive antilock braking system (ABS) and electronic stability control (ESC) market was valued at USD 40.28 billion in 2021 and is expected to reach USD 79.38 billion by 2029, registering a CAGR of 8.85% during the forecast period of 2022 to 2029.
Top Companies in the Global Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market:
Robert Bosch GmbH (Germany), DENSO Corporation (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Murata Manufacturing Co., Ltd. (Japan), AISIN CORPORATION (Japan), VALEO (France), Mando Corp. (South Korea), Aptiv (U.S.), Tata Motors (India), Ford Motor Company (U.S.), Veoneer HoldCo, LLC. (Sweden), HYUNDAI MOBIS (Sweden), Autoliv (Sweden), Haldex (Sweden), Hitachi, Ltd (India), Jiaozuo Golden Brake Co., Ltd. (China), Knorr-Bremse AG (Germany), AKEBONO BRAKE INDUSTRY CO., LTD. (Japan), among others.
Get Sample Copy of Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automotive-antilock-braking-system-abs-and-electronic-stability-control-market
Market Segmentation:
The automotive antilock braking system (ABS) and electronic stability control (ESC) market is segmented on the basis of technology, vehicle type and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Three Channel Antilock Braking System (ABS)
- Four Channel Antilock Braking System (ABS)
- Electronic Stability Control (ESC)
Vehicle Type
- Compact Vehicle
- Mid-Sized Vehicle
- Premium Vehicle
- Luxury Vehicle
- Commercial Vehicle
- Heavy Commercial Vehicle
Sales Channel
- OEM
- Aftermarket
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Europe dominates the automotive antilock braking system (ABS) and electronic stability control (ESC) market in terms of market share. This is due to the introduction of advanced technology and increasing vehicle sales in this region.
North America is expected to be the fastest developing regions during the forecast period of 2022-2029 due to the development of automotive industry along with adoption of advanced technology in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Browse The Report Description:
Market Dynamics
Drivers
- Rising implementation of stringent norms
The global regulatory authorities has increased the implementation of stringent norms such as the U.S government has announced highway safety act which has instructed the National Highway Traffic Safety Administration (NHISA) to consider the instalment of antilock braking and electronic stability control system in passenger vehicles such as sport utility vehicles, cars, pickup trucks and vans which is also anticipated to augment the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market during the forecast period.
- Growing introduction of new technologies
The increasing introduction of efficient connected car technologies, autonomous vehicles and Internet of Things (IoT), redundancy in designs have undergone significant changes to improve vehicle’s overall efficiency of the vehicle. This is another major factor which is expected to propel the industrial growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market.
- Expansion of automotive industry
Rising production of vehicles is one of the major factors which is attributed to the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market worldwide. For instance, according to the International Organization of Motor Vehicle manufacturers, the total number of vehicles produced in 2016 was 95 million units, which augmented to 97 million units in 2017, globally. Therefore, growing number of vehicles on road is dominating to increasing the demand for automotive antilock braking system (ABS) and electronic stability control (ESC)s which are expected to increase the growth of the market.
Moreover, introduction of the new car assessment program, increasing focus on the safety of the occupant, growing preferences of the consumer towards advanced braking technology, rising incidence of auto collision are some of the factors which are expected to drive the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market during the forecast period of 2022-2029.
Opportunities
- Increasing product innovation
The surging product innovations by market players further offer numerous growth opportunities within the market. For instance, Under Regulation (EU) No 168/2013, In July 2020, L3e-A1 subcategory motorcycle must be fitted with an advanced braking system consisting of either an combined braking system (CBS) or anti-lock braking system (ABS) or both at the discretion of the manufacturer.This advanced innovation is anticipated to continue to open up lucrative opportunities for the major market players and new entrants in the market.
Furthermore, rising number of innovations in automotive antilock braking system (ABS) and electronic stability control (ESC) along with growing awareness among the consumer regarding safety will further create several opportunities for the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market during the forecast period of 2022-2029.
Browse Other Trending Reports:
Global 1, 3, 5-Tris (2-Hydroxyethyl) Isocyanurate Market – Industry Trends and Forecast to 2029
https://www.databridgemarketresearch.com/reports/global-1-3-5-tris-2-hydroxyethyl-isocyanurate-market
Global Coated Steel Market – Industry Trends and Forecast to 2029
https://www.databridgemarketresearch.com/reports/global-coated-steel-market
Global Ultra Heat Treatment (UHT) Processing in Juices Market – Industry Trends and Forecast to 2029
https://www.databridgemarketresearch.com/reports/global-uht-processing-in-juices-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Contact Us:
Data Bridge Market Research
Tel: +1-888-389.80-2818 | +44 208 089 1725 | +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
Siswati