Global Anti-Lock Braking System (ABS) Market to Reach US$ 91.8 Billion by 2032, Stimulated by the Significant Growth in the Automotive Industry

September 15, 2023 | Automotive Industry

According to the latest report by IMARC Group, titled “Anti-Lock Braking System (ABS) Market Report by Component Type (Speed Sensors, Electronic Control Units (ECU), Hydraulic Units), Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), End-Use (OEM, Replacement Demand), and Region 2024-2032,” the global anti-lock braking system (ABS) market size reached US$ 46.9 Billion in 2023. The anti-lock braking system (ABS) is a safety mechanism integrated into modern vehicles to prevent the wheels from locking up and skidding during heavy braking. It relies on a system of sensors and actuators that continuously monitor the speed of the wheels and apply or release the brakes to maintain optimal traction. ABS also assists the vehicle to maintain directional stability and control, even on slippery surfaces. The system allows the driver to maintain steering capability while braking, enhancing safety and reducing the risk of accidents. As a result, ABS is a feature integrated with various safety systems used in vehicles, including cars, motorcycles, trucks, and buses.

Global Anti-Lock Braking System (ABS) Market Trends:

The increasing consumer awareness regarding vehicle safety and stringent governmental regulations mandating the integration of ABS in new vehicles are major factors driving the market growth. Furthermore, the development of innovative technologies that enhance the performance and efficiency of ABS is contributing to market growth. In line with this, the emergence of electric and autonomous vehicles leading to innovation and sophistication in automotive technology such as electric vehicles (EVs), with their unique braking dynamics, and autonomous vehicles (AV), with their complex algorithms and sensors, are providing lucrative growth opportunities for the market growth. In line with this, the ability of ABS to integrate seamlessly with other vehicle safety systems like electronic stability control (ESC) and traction control system (TCS), expanding its applicability and appeal, is positively impacting the market growth. Besides this, the increasing awareness among consumers towards prioritizing safety features in vehicles, is creating a positive outlook for the market growth. Looking forward, the market value is projected to reach US$ 91.8 Billion by 2032, expanding at a CAGR of 7.5% during 2024-2032.

Market Summary:

  • Based on the component type, the market has been segmented into speed sensors, electronic control units (ECU), and hydraulic units. According to the report, electronic control units (ECU) represent the largest segment.
  • On the basis of the vehicle type, the market has been divided into two-wheelers, passenger cars, and commercial vehicles. Among these, passenger cars represent the largest segment.
  • Based on the end-use, the market has been bifurcated into OEM and replacement demand. 
  • Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa (Saudi Arabia, Iran, United Arab Emirates, Egypt, South Africa, and others). According to the report, Asia Pacific accounts for the largest market share.
  • The competitive landscape of the market has also been examined, with some of the key players being Advics Co. Ltd., Aisin Seiki, Continental AG, Denso Corporation, Hitachi Automotive System Ltd, Mando Corporation, Robert Bosch GmbH, and Wabco Ltd.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Component Type
  • Vehicle Type
  • End Use
  • Region
Component Types Covered Speed Sensors, Electronic Control Units (ECU), Hydraulic Units
Vehicle Types Covered Two-Wheelers, Passenger Cars, Commercial Vehicles
End Uses Covered OEM, Replacement Demand
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, China, Japan, India, Australia, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, Iran, Egypt, South Africa
Companies Covered  Advics Co. Ltd., Aisin Seiki, Continental AG, Denso Corporation, Hitachi Automotive System Ltd, Mando Corporation, Robert Bosch GmbH, and Wabco Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Anti-Lock Braking System (ABS) Market to Reach US$ 91.8 Billion by 2032, Stimulated by the Significant Growth in the Automotive Industry
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More