The global market for Anti-Lock Braking Systems is estimated at US$53.4 Billion in 2023 and is projected to reach US$84.1 Billion by 2030, growing at a CAGR of 6.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the ABS market is driven by several factors reflecting technological advancements, regulatory requirements, and changing consumer behavior. The increasing emphasis on vehicle safety by consumers and regulatory bodies is a primary driver, as ABS has become a standard safety feature in new vehicles globally. Technological advancements, such as the development of integrated braking systems and the use of advanced materials to reduce weight and improve efficiency, are expanding the market's potential. The rise in electric and hybrid vehicles also contributes to market growth, as these vehicles require advanced braking systems to manage regenerative braking and other unique challenges.
Additionally, the growing popularity of autonomous and connected vehicles is spurring demand for sophisticated ABS systems that can work seamlessly with other ADAS technologies. Furthermore, the expansion of the automotive industry in emerging markets, coupled with rising disposable incomes and increased awareness of vehicle safety, is driving the adoption of ABS in these regions. These factors collectively highlight the dynamic and evolving nature of the ABS market, underscoring its critical role in the future of automotive safety.
The growth in the ABS market is driven by several factors reflecting technological advancements, regulatory requirements, and changing consumer behavior. The increasing emphasis on vehicle safety by consumers and regulatory bodies is a primary driver, as ABS has become a standard safety feature in new vehicles globally. Technological advancements, such as the development of integrated braking systems and the use of advanced materials to reduce weight and improve efficiency, are expanding the market's potential. The rise in electric and hybrid vehicles also contributes to market growth, as these vehicles require advanced braking systems to manage regenerative braking and other unique challenges.
Additionally, the growing popularity of autonomous and connected vehicles is spurring demand for sophisticated ABS systems that can work seamlessly with other ADAS technologies. Furthermore, the expansion of the automotive industry in emerging markets, coupled with rising disposable incomes and increased awareness of vehicle safety, is driving the adoption of ABS in these regions. These factors collectively highlight the dynamic and evolving nature of the ABS market, underscoring its critical role in the future of automotive safety.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Hydraulic Unit Sub-System segment, which is expected to reach US$39.6 Billion by 2030 with a CAGR of a 7.2%. The Electronic Control Unit Sub-System segment is also set to grow at 6.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $14.4 Billion in 2023, and China, forecasted to grow at an impressive 10.9% CAGR to reach $19.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Anti-Lock Braking Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Anti-Lock Braking Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Anti-Lock Braking Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ADVICS Co., Ltd., Aisin Seiki Co., Ltd., Autoliv, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 12 Featured):
- ADVICS Co., Ltd.
- Aisin Seiki Co., Ltd.
- Autoliv, Inc.
- Continental AG
- Delphi Technologies
- DENSO International Europe B.V.
- Haldex Brake Products Corporation
- Hitachi Automotive Systems Ltd.
- Hyundai Mobis Co., Ltd.
- Hyundai Mobis Co., Ltd.
- Nissin Kogyo Co., Ltd.
- Robert Bosch GmbH
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ADVICS Co., Ltd.
- Aisin Seiki Co., Ltd.
- Autoliv, Inc.
- Continental AG
- Delphi Technologies
- DENSO International Europe B.V.
- Haldex Brake Products Corporation
- Hitachi Automotive Systems Ltd.
- Hyundai Mobis Co., Ltd.
- Hyundai Mobis Co., Ltd.
- Nissin Kogyo Co., Ltd.
- Robert Bosch GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 53.4 Billion |
| Forecasted Market Value ( USD | $ 84.1 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
