Global Anti-Lock Braking System and Electronic Stability Control System Market

2019 Analysis and Review of Global Food Grade Industrial Gases Market (By Type ) 2020 - 2030

  • Ongoing
  • October 2020
  • REP-GB-436
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This Global Anti-Lock Braking System and Electronic Stability Control System market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Global Anti-Lock Braking System and Electronic Stability Control System market.

Stringent safety norms are anticipated to be the key market driver for the global anti-lock braking system and electronic stability control market. This market is projected to register a CAGR of about 5% between the forecast years of 2020-2030. Focus on road safety is projected to favour uptake of anti-lock braking system (ABS) and electronic stability control (ESC). Influx of two-wheelers and higher affordability of these vehicles is also expected to boost market in the coming years.

Road Safety to Accelerate ABS and ECS in Top Gear

ABS is an active type of safety system that prevents the wheels from ceasing rotation and avoids uncontrolled skidding. The main application of ABS system is to improve vehicle control and decrease the stopping distances on slippery and dry surfaces. Increased acceptance of ABS by original equipment manufacturers (OEMs) and by customers across the globe has resulted in development of electronically controlled front-to-rear brake bias. ESC system is being installed to minimize the loss of steering control. In Europe and the United States, the government has mandated the use of ABS and ESC system in all new passenger cars, which has had a positive impact on the market.

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Two-wheeler Segment to Pace Ahead as Developing Economies Make Whopping Sales

The global anti-lock braking system and electronic stability control market is segmented on the basis of vehicle type in passenger cars, commercial vehicles, and two wheelers. Out of these, the passenger vehicles segment is expected to dominate the global market due to higher number of sales and stringent government norms about safety. As developed countries such as the U.S. and Germany work towards making ABS mandatory, the demand for the same is projected to rise exponentially. Analysts also predict that the two-wheeler segment will see stupendous growth in the coming years as countries in Asia Pacific continue to surpass sales year-on-year basis.

Asia Pacific to Emerge as a Significant Leader

In 2013, North America accounted for largest share in global anti-lock braking system (ABS) and electronic stability control system (ECS) market, followed by Europe and Asia Pacific region respectively. In terms of growth rate Asia Pacific is the fastest-growing market with developing economies such as Japan and South Korea fuelling production and consumption. In addition, rising income and purchasing power, changing lifestyle to due growing urbanization, and increasing awareness of road safety systems in emerging economies of India and China are also projected to boost market growth.

Key Players

Some of the key players operating in the global anti-lock braking system and electronic stability control system market are Autoliv Inc., Delphi Automotive Plc, Continental Ag, Robert Bosch GMBH, Denso Corporation, and TRW Automotive.

How Will Growth Unfold?

The COVID-19 has impacted the automotive industry in more ways than one. It is going to take at least a year for the industry to recover and finding its footing. Until then a lot of automotive manufacturers are looking at production of hospital equipment such as ventilators to help the healthcare infrastructure cope with the pandemic. In the economy after the pandemic, it is will crucial to reduce carbon emissions, which will bring focus to production of electronic vehicles. Fuel efficient, safe, and smart vehicles will come to define the future of this market in coming ten years.

Key Highlights

Report Metric

Details

Base year considered

2019

Actual estimates/Historical data

2014 - 2018

Forecast period

2020 - 2030

Forecast units

Value (USD) Bn

Segments covered

  • Vehicle Type (passenger cars, commercial vehicles, two-wheelers)

Market Outlook

  • Global anti-lock brake system and electronic stability control system market to register 5% CAGR
  • Passenger vehicles and two-wheelers to be prominent segments
  • Asia Pacific to drive market with improving incomes

Regions covered

North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific

Key Players

Autoliv Inc., Delphi Automotive Plc, Continental Ag, Robert Bosch GMBH, Denso Corporation, and TRW Automotive

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
Frequently Asked Questions

What research methodology is used to develop the Global Anti-Lock Braking System and Electronic Stability Control System Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Global Anti-Lock Braking System and Electronic Stability Control System Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Global Anti-Lock Braking System and Electronic Stability Control System Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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