Anti-lock braking systems (ABS) are designed for enhancing the vehicle control and supporting to avoid wheel lock during the emergency stop situations and support OEM regulatory requirements. The emergency braking or even braking on a slippery or wet surface may cause the vehicle wheels to lock. Locking wheels reduce the adhesion between the road surface and tires, which in turn makes the vehicle unsteerable. The antilock braking system, thus, prevents the wheels from locking and facilitates safe braking. Some of the benefits of these braking systems include stability during a braking maneuver, improved steerability, and prevention of tire damage in emergency braking.
MARKET DYNAMICS
The key factors that are contributing to the growth of the anti-lock braking system market are rising number of an auto collision, increased safety awareness and the technological advancements for ensuring the safety of the passengers and vehicle. However, the high cost of maintenance and fluctuations in the prices of raw materials are anticipated to hinder the market growth.
MARKET SCOPE
The "Global Anti-lock braking system Market Analysis to 2028" is a specialized and in-depth study of the anti-lock braking system industry with a special focus on the global market trend analysis. The report aims to provide an overview of anti-lock braking system market with detailed market segmentation by components, type, vehicle type, and geography. The global anti-lock braking system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading anti-lock braking system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global anti-lock braking system market is segmented on the basis of components, type, and vehicle type. Based on component, the market is segmented as sensors, electronic control unit (ECU), hydraulic unit, and others. Further, based on type, the anti-lock braking system market is divided into four-channel four-sensor ABS, three-channel three-sensor ABS, and one-channel one-sensor ABS. Furthermore, on basis of vehicle type, anti-lock braking system market is segmented as passenger cars, LCV, and HCV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global anti-lock braking system market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The anti-lock braking system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting anti-lock braking system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the anti-lock braking system market for each region.
MARKET PLAYERS
The reports cover key developments in the anti-lock braking system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from anti-lock braking system market are anticipated to lucrative growth opportunities in the future with the rising demand for anti-lock braking system in the global market. Below mentioned is the list of few companies engaged in the anti-lock braking system market.
The report also includes the profiles of key anti-lock braking system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- AISIN SEIKI Co., Ltd.
- Aptiv PLC
- Continental AG
- DENSO CORPORATION
- Hitachi Automotive Systems Americas, Inc.
- Hyundai Mobis
- Nissin Kogyo Co., Ltd.
- Robert Bosch GMBH
- WABCO
- ZF Friedrichshafen AG
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