Automotive ABS and ESC Market

Automotive ABS and ESC Market: Europe to Remain Dominant in the Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2022)

  • 2017-10-18
  • REP-GB-5292
  • 170 pages
  • PDF PPT EXCEL
 Automotive ABS and ESC Market

An Incisive, In-depth Analysis on the Automotive Abs And Esc Market

This study offers a comprehensive, 360 degree analysis on the Automotive Abs And Esc market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Abs And Esc market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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The antilock braking system (ABS) prevents wheels of vehicles to suddenly stop moving or lock at the time of sudden or hard braking. ABS operates by braking successively for providing better control to drivers in critical situations, and decreasing stopping distances in case of an emergency. An electronic stability control (ESC) is known to be the best safety system for vehicles when they are moving sideways. In emergency situations ESC operates through sensors provided in vehicles that account for ABS, steering & throttle by assessing potential skid, apply necessary brakes, and cutting power for counteracting the slide.

New Window of Growth Opportunity for ABS and ESC Market in Developing Economies

Active safety systems are becoming an integral part of passenger cars, with higher demand among consumers for systems such as ESC and ABS that avert accidents, particularly in developing countries. Legislations in developing economies are catching up rapidly, opening window of growth opportunity for ABS and ESC market. A number of institution such as New Car Assessment Program (NCAP) are awarding cars with safety ratings on the basis of their safety performance. Governments across the globe are imposing stringent safety norms on vehicles. Leading manufacturers are taking initiatives for increasing awareness of various safety systems in vehicles through marketing campaigns. Technological advancements in the automotive sector have made the provision of safety systems such as ABS and ESC affordable.

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The demand for luxury cars is expected to surge in the upcoming years, especially across regions such as Asia-Pacific excluding Japan (APEJ) and Europe. With recognized benefits of ABS and ESC and a number of regions moving to legislate these safety systems, several manufacturers across the globe are making their fitment in vehicles mandatory. Although ESC and ABS are effective safety systems, they cannot surpass limits of driving physics. The vehicles equipped with ABS and ESC may go off control when driven too fast, hinting at these systems in not being a license for rough driving style.

According to a new report by Future Market Insights (FMI), the global automotive ABS and ESC market will record a double-digit CAGR during the assessment period (2017-2022). Revenues from the global automotive ABS and ESC market are forecast to exceed US$ 100,000 Mn by 2022-end.

Europe to Remain Dominant in Global Automotive ABS and ESC Market

In terms of revenues, Europe is expected to remain dominant in the global automotive ABS and ESC market, followed by North America. However, the market in North America is expected to expand at a comparatively higher CAGR than that in Europe through 2022. In addition, revenue shares of Japan and Middle-East & Africa in the market is anticipated to remain relatively lower than all the other regional segments throughout the assessment period.

On the basis of technology type, ESC will continue to be the most lucrative, with revenues poised to account for over half share of the market in 2017. Demand for ESC technology in vehicles will further witness a significant rise among consumers by 2022-end. Between three channel ABS and four channel ABS, the former is expected to remain comparatively more lucrative than the latter during the assessment period.

Light Commercial Vehicles and Heavy Commercial Vehicles to Expand at Similar CAGRs in Automotive ABS and ESC Market

Based on vehicle type, sales of ABS and ESC in light commercial vehicles and heavy commercial vehicles are projected to expand at similar CAGRs through 2022. Light commercial vehicles will remain more lucrative than heavy commercial vehicles in the global automotive ABS and ESC market. Compact vehicles and mid-sized vehicles are anticipated to remain sought-after among manufacturers for integration of ABS and ESC systems, owing to high consumer demand for these vehicles.

OEM will continue to be the most attractive sales channel for automotive ABS and ESC, with sales estimated to reach revenues nearly US$ 100,000 Mn by 2022-end. Although accounting for a very low revenue share of the market, aftermarket is expected to witness an impressive expansion in sales of automotive ABS and ESC through 2022.

In its upcoming report titled “Automotive ABS and ESC Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)”, Future Market Insights (FMI) has delivered an in-depth analysis of the global automotive ABS and ESC market. By taking into account all the unique aspects of the automotive ABS and ESC, its market has been analysed accurately for the forecast period – 2017-2022.

The report encompasses important factors fuelling expansion of the market, trends and developments moulding the market dynamics, and untapped opportunities for active market participants. A scrutinized analysis has been done on the market sizing of various segments over the historical period - 2012 to 2016, and analytical tools have been employed for reaching at pertinent projections on the market’s future during the assessment period - 2017 to 2022.

Report Structure

The starting chapter of the automotive ABS and ESC market report gives an executive summary, followed by the introduction of the market, and definition of the automotive ABS and ESC. The executive summary offered is comprehensive yet concise, and delivers all necessary information associated with the market in a format that is easy-to-understand. Market size estimations delivered in the report are interpreted via metric such as year-on-year expansion rates, absolute dollar opportunities, compound annual growth rates and basis point share indexes.

The report also provides information related to the market dynamics, technology roadmap, distribution network, and an intensity map that plots the market players’ presence around various regions. The report also offers insightful analysis on the automotive ABS and ESC market’ competitive backdrop. The market participants listed by the report have been studied based on their strategic partnerships, key developments, and current market scenario.

Market Taxonomy

The report has also provided insights on the global automotive ABS and ESC market with the help of a segmentation-wise analysis. The market has been segmented on the basis of sales channel, vehicle type, technology type and region. Based on region the market has been segmented into North America, Europe, Latin America, Japan, MEA and APEJ. The global automotive ABS and ESC market’s taxonomy is elaborated exhaustively in the form of a table that is shown below.

Region

Technology Type

Vehicle Type

Sales Channel

  • North America

  • Three Channel ABS

  • Compact Vehicle

  • OEM

  • Latin America

  • Four Channel ABS

  • Mid-Sized Vehicle

  • Aftermarket

  • Europe

  • ESC

  • Premium Vehicle

 

  • Japan

 

  • Luxury Vehicle

 

  • APEJ

 

  • Commercial Vehicle

 

  • MEA

 

  • Heavy Commercial Vehicle

 

Competitive Landscape

A weighted chapter has been included in the report on the competitive landscape of the global automotive ABS and ESC market, coupled with a detailed study on key market players. Insights on key players in the market are provided in terms of key financials, company overview, product overview, SWOT analysis, and key developments made by these players. Information about new strategies adopted by market players has also been provided, which helps in enhancing their portfolios, M&A as expansion strategies, strategic alliances, and marketing strategies. The report has also tracked major developments made by prominent industries, and their impact on demand for products.

Research Methodology

Analysts at Future Market Insights (FMI) have adhered to a robust research methodology that is a combination of exhaustive primary interviews conducted with domain experts as well as key industry stakeholders, and in-depth secondary research for harnessing necessary information & data associated with the market. Automotive industry partakers that manufacture ABS and ESC have been contacted and interviewed for gaining information related to their profitability index, net spending, and revenue procurements in last five years. Numerous validation tools have been utilized for gathered data in order to attain relevant market insights, which in turn can highly impact critical business decisions. Key findings and insights have been showcased in a systematic manner in this research report.

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Harish Tiwari

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Akshay Godge

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