Global Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market, By Technology (Three Channel Antilock Braking System (ABS), Four Channel Antilock Braking System (ABS), Electronic Stability Control (ESC)), Vehicle Type (Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle, Heavy Commercial Vehicle), Sales Channel (OEM, Aftermarket) – Industry Trends and Forecast to 2029.
Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market Analysis and Size
The automotive antilock braking system (ABS) and electronic stability control (ESC) market has experienced a healthy growth in recent years globally. The development of the market can be mainly attributed to the increasing income and purchasing power, changing lifestyle due to growing urbanization, and growing awareness about road safety systems in emerging overall the globe. The “passenger vehicle” is the highest growing vehicle type segment due to stringent government norms about safety and higher number of sales. Furthermore, the stringent implementation of these safety standards not only in the people lives but across several industries has also been quite helpful in the overall development of the automotive antilock braking system (ABS) and electronic stability control (ESC) market globally during forecast period.
Data Bridge Market Research analyses that the automotive antilock braking system (ABS) and electronic stability control (ESC) market was valued at USD 40.28 billion in 2021 and is expected to reach USD 79.38 billion by 2029, registering a CAGR of 8.85% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Three Channel Antilock Braking System (ABS), Four Channel Antilock Braking System (ABS), Electronic Stability Control (ESC)), Vehicle Type (Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle, Heavy Commercial Vehicle), Sales Channel (OEM, Aftermarket)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Robert Bosch GmbH (Germany), DENSO Corporation (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Murata Manufacturing Co., Ltd. (Japan), AISIN CORPORATION (Japan), VALEO (France), Mando Corp. (South Korea), Aptiv (U.S.), Tata Motors (India), Ford Motor Company (U.S.), Veoneer HoldCo, LLC. (Sweden), HYUNDAI MOBIS (Sweden), Autoliv (Sweden), Haldex (Sweden), Hitachi, Ltd (India), Jiaozuo Golden Brake Co., Ltd. (China), Knorr-Bremse AG (Germany), AKEBONO BRAKE INDUSTRY CO., LTD. (Japan)
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Market Opportunities
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Market Definition
Antilock braking system and electronic stability control system is an automobile security system which allows wheels to maintain strong contact with the road surface on a motor vehicle. These system operates according to the driver inputs during braking, preventing the wheels from locking up and avoiding uncontrolled skidding. Antilock braking and electronic stability control system uses cadence braking and threshold braking principles. The major component of antilock braking are pump, valves, speed sensors and controller.
Global Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market Dynamics
Drivers
- Rising implementation of stringent norms
The global regulatory authorities has increased the implementation of stringent norms such as the U.S government has announced highway safety act which has instructed the National Highway Traffic Safety Administration (NHISA) to consider the instalment of antilock braking and electronic stability control system in passenger vehicles such as sport utility vehicles, cars, pickup trucks and vans which is also anticipated to augment the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market during the forecast period.
- Growing introduction of new technologies
The increasing introduction of efficient connected car technologies, autonomous vehicles and Internet of Things (IoT), redundancy in designs have undergone significant changes to improve vehicle’s overall efficiency of the vehicle. This is another major factor which is expected to propel the industrial growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market.
- Expansion of automotive industry
Rising production of vehicles is one of the major factors which is attributed to the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market worldwide. For instance, according to the International Organization of Motor Vehicle manufacturers, the total number of vehicles produced in 2016 was 95 million units, which augmented to 97 million units in 2017, globally. Therefore, growing number of vehicles on road is dominating to increasing the demand for automotive antilock braking system (ABS) and electronic stability control (ESC)s which are expected to increase the growth of the market.
Moreover, introduction of the new car assessment program, increasing focus on the safety of the occupant, growing preferences of the consumer towards advanced braking technology, rising incidence of auto collision are some of the factors which are expected to drive the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market during the forecast period of 2022-2029.
Opportunities
- Increasing product innovation
The surging product innovations by market players further offer numerous growth opportunities within the market. For instance, Under Regulation (EU) No 168/2013, In July 2020, L3e-A1 subcategory motorcycle must be fitted with an advanced braking system consisting of either an combined braking system (CBS) or anti-lock braking system (ABS) or both at the discretion of the manufacturer.This advanced innovation is anticipated to continue to open up lucrative opportunities for the major market players and new entrants in the market.
Furthermore, rising number of innovations in automotive antilock braking system (ABS) and electronic stability control (ESC) along with growing awareness among the consumer regarding safety will further create several opportunities for the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market during the forecast period of 2022-2029.
Restraints/ Challenges
- High Cost associated with product
However, the high cost associated with the raw material which has used for the manufacturing of automotive antilock braking system (ABS) and electronic stability control (ESC) and Increasing cost at the designing and testing phase will become the biggest challenge for the market and may hamper the growth of the automotive antilock braking system (ABS) and electronic stability control (ESC) market during the forecast period of 2022-2029.
Furthermore, cyclic nature of the automotive sales are also acting as major restraints for automotive antilock braking system (ABS) and electronic stability control (ESC) market in the above mentioned forecasted period.
This automotive antilock braking system (ABS) and electronic stability control (ESC) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive antilock braking system (ABS) and electronic stability control (ESC) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market
The outbreak of covid-19 pandemic has slowed down the global economy. Although this coronavirus has posed a major effect on human health globally, the market for automotive antilock braking system (ABS) and electronic stability control (ESC) are also negatively affected during this pandemic. On the other hand, it is expected that the market will improve again as trade borders are opened and rules are eased. The automobile industry has been one of the most hit industry during the pandemic due to this automotive antilock braking system (ABS) and electronic stability control (ESC) market also adversely affected but the major market players are relying on contingency planning to handle, supply chain and inventory management issues related to the automotive antilock braking system (ABS) and electronic stability control (ESC) industry. However, with the projected growth in the sales of passenger vehicles and augmented awareness regarding safety in both commercial and passenger vehicles, the market is looking forward to growing and reviving economically back to post-covid conditions.
Recent Development
- In March 2022, ZF had announced its new Commercial Vehicle Solutions division at TMC 2022 in Orlando. In this solution they introduce its advanced product and technology portfolio for heavy-duty trucking applications.
ZF's show floor exhibit which includes a virtual tour of the company's entire commercial vehicle product line such as air disc brakes, brake actuators, and vacuum pumps, vehicle dynamics (ADAS, anti-lock braking systems (pneumatic and hydraulic), and steering solutions), chassis technology: air management; suspension solutions;.
Global Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market Scope
The automotive antilock braking system (ABS) and electronic stability control (ESC) market is segmented on the basis of technology, vehicle type and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Three Channel Antilock Braking System (ABS)
- Four Channel Antilock Braking System (ABS)
- Electronic Stability Control (ESC)
Vehicle Type
- Compact Vehicle
- Mid-Sized Vehicle
- Premium Vehicle
- Luxury Vehicle
- Commercial Vehicle
- Heavy Commercial Vehicle
Sales Channel
- OEM
- Aftermarket
Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market Regional Analysis/Insights
The automotive antilock braking system (ABS) and electronic stability control (ESC) market is analysed and market size insights and trends are provided by country, technology, vehicle type and sales channel as referenced above.
The countries covered in the automotive antilock braking system (ABS) and electronic stability control (ESC) market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Europe dominates the automotive antilock braking system (ABS) and electronic stability control (ESC) market in terms of market share. This is due to the introduction of advanced technology and increasing vehicle sales in this region.
North America is expected to be the fastest developing regions during the forecast period of 2022-2029 due to the development of automotive industry along with adoption of advanced technology in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Antilock Braking System (ABS) and Electronic Stability Control (ESC) Market Share Analysis
The automotive antilock braking system (ABS) and electronic stability control (ESC) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive antilock braking system (ABS) and electronic stability control (ESC) market.
Some of the major players operating in the automotive antilock braking system (ABS) and electronic stability control (ESC) market are:
- Robert Bosch GmbH (Germany)
- DENSO Corporation (Japan)
- Continental AG (Germany)
- ZF Friedrichshafen AG (Germany)
- Murata Manufacturing Co., Ltd. (Japan)
- AISIN CORPORATION (Japan)
- VALEO (France)
- Mando Corp. (South Korea)
- Aptiv (U.S.)
- Tata Motors (India)
- Ford Motor Company (U.S.)
- Veoneer HoldCo, LLC. (Sweden)
- HYUNDAI MOBIS (Sweden)
- Autoliv (Sweden)
- Haldex (Sweden)
- Hitachi, Ltd (India)
- Jiaozuo Golden Brake Co., Ltd. (China)
- Knorr-Bremse AG (Germany)
- AKEBONO BRAKE INDUSTRY CO., LTD. (Japan)
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