Automotive ABS Motor Circuit Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

The Global Automotive ABS Motor Circuit Market is expected to increase significantly during the next few years. The increasing need for safety features in automobiles, increased awareness about road safety, and use of advanced driver-assistance systems (ADAS) are driving the growth of the Automotive ABS Motor Circuit Market. The stringent constraints imposed by governments and regulatory organizations to promote vehicle safety are also boosting demand for ABS systems, particularly ABS motor circuits, in vehicles. Furthermore, rising vehicle production in emerging economies like China and India is propelling the Automotive ABS Motor Circuit Market forward. In addition, the development of new and enhanced ABS motor circuit technologies, such as regenerative braking and brake-by-wire systems, is likely to drive expansion of the market expansion. Furthermore, the growing trend of electrification in the automotive industry is driving demand for electric and hybrid vehicles, which require advanced ABS motor circuits.

Antilock Braking System (ABS) is a powerful automotive braking system that is widely utilized in automobiles due to its ability to prevent wheels from locking up and assist the vehicle in maintaining steering control. It permits wheels to maintain dynamic contact with the road surface that is proportional to the driver's braking inputs. The ABS motor circuit consists of an ABS control unit, a hydraulic modulator, wheel speed sensors, and an electric motor. The electric motor is used to manage the pressure of the brake fluid and modulate the braking force.

Increasing demand for vehicle safety features:

In recent years, the ongoing trend towards safety has accelerated, particularly in the automobile industry. Airbags, ABS brakes, and autonomous emergency braking systems are among the advanced safety technologies being incorporated into automobiles by automakers. This demand is being driven by growing customer knowledge of the benefits of safety features. As a result, there is a growing demand for Automobile ABS Motors Circuit.

Advancing technology

IABS motor circuits that use advanced regenerative braking convert kinetic energy into electrical energy and store it in a battery, enhancing braking system efficiency and cutting fuel consumption. Development of brake-by-wire ABS motor circuits that eliminate the need for hydraulic fluid, making the braking system more responsive, efficient, and simple to regulate. The growing popularity of electric vehicles, which require superior ABS motor circuits, has resulted in the development of new technologies and components, such as electric motors and battery management systems, that increase the performance and safety of the braking system. The growing use of 3D printing technology in the fabrication of ABS motor circuits has reduced the production time, cost, and waste while boosting product quality and design flexibility in the ABS Motor Circuit. The development of innovative materials and composites, such as improved polymers, ceramics, and carbon fiber, has a direct impact on improving the durability, reliability, and efficiency of ABS motor circuits.

Increase in government regulations.

Due to a rise in the frequency of fatal road accidents, governments all over the world have enacted legislation to improve vehicle safety. The Indian government has ordered that all automobiles and minibuses have an anti-lock braking system (ABS) by April 2019. According to the Road Transport Ministry, all new automobiles must comply with the standards starting in April 2018. Similarly, beginning in April 2019, all new vehicles of older models will be required to include ABS. Furthermore, ABS will be required on two-wheelers with engines larger than 125cc.Under Regulation (EU) No 168/2013, bikes in the L3e-A1 classification must be equipped with an advanced braking system consisting of either an anti-lock braking system (ABS) or a combination braking system by July 2020. The National Transportation Safety Board (NTSB) encourages anti-lock brakes in motorcycle manufacture in the United States. Because the NTSB lacks the authority to enact legislation, it seeks to convince the NHTSA, which is in charge of establishing and implementing road safety regulations.

Installation and Software Issue

Although, the automotive ABS motor circuit market also confronts numerous hurdles that may have an impact on its growth, such as the high cost of sophisticated ABS motor circuits and the difficulty of their design and installation. ABS system installation, including ABS motor circuits, necessitates specialized skills and equipment, which can raise the entire cost of the system. The increased usage of electronic and software components in ABS motor circuits has raised worries regarding the system's reliability and endurance, as these components can fail or malfunction. Finally, the COVID-19 pandemic has disrupted supply chains and caused production delays, affecting the ABS Motor circuit market.

Fluctuating Raw Material Price and High Maintenance

The rising cost of raw materials is a major obstacle to the growth of the Global Automotive ABS Motor circuit Market. Prices for critical raw materials such as metals, polymers, and other components are rising due to increased worldwide demand for goods and limited supply. This has resulted in rising production costs, which is a key source of anxiety for market participants. Furthermore, fluctuating raw material prices, such as copper and steel, can have an impact on manufacturer profitability.

The maintenance of the ABS motor is costly. If the expensive sensors on each tire get out of calibration or have other problems, they might cost hundreds of dollars to repair. Others may see this as a compelling argument to forego installing an ABS system on a vehicle.

Strict automobile safety regulations

Strict vehicle safety standards pose a significant challenge to the Global Vehicle ABS Motor Circuit Market. Governments around the world have enacted severe regulations and standards for car safety, which manufacturers must adhere to. This has resulted in higher production costs since firms must invest in research and development to meet safety rules. This has impacted time-to-market since producers must go through various regulatory and safety assessments.

Market Segmentation

The Global Automotive ABS Motor Circuit Market is segmented based on vehicle type, channel type, component, and region. Based on vehicle type, the market is segmented into two-wheelers, passenger cars, and commercial vehicles. Based on Channel type, the market is segmented into single channel, dual channel, three channel, and four channel. Based on Component, the market is divided into sensors, electronic control unit, and hydraulic unit. The market analysis studies the regional segmentation divided among Asia-Pacific, Europe, North America, South America, Middle East & Africa.

Company Profiles

Robert Bosch Gmbh, Continental AG, WABCO Ltd. Denso Corporation, Hitachi Automotive System Ltd, TRW Automotive Holding Corps, Advics Co. Ltd, Autoliv Inc., Mando Corporation and Delphi Automotive Plc, are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the region to increase their customer outreach and become future ready.

Report Scope

In this report, global Automotive ABS Motor Circuit Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Automotive ABS Motor Circuit Market, by Vehicle Type:

• Two-wheeler
• Passenger Car
• Commercial Vehicle

Automotive ABS Motor Circuit Market, by Channel Type:

• Single Channel
• Dual Channel
• Three Channel
• Four Channel

Automotive ABS Motor Circuit Market, by Component Type:

• Sensors
• Electronic Control Unit
• Hydraulic Unit

Automotive ABS Motor Circuit Market, by Region:

• North America
• Europe & CIS
• Asia-Pacific
• South America
• Middle East and Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive ABS Motor Circuit Market.

Available Customizations

The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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