Global Anti Lock Braking System (ABS) market is accounted for $24. 62 billion in 2016 and is predicted to reach $46. 11 billion by 2023 developing at a CAGR of 9. 4% from 2016 to 2023. ABS Market is attributed with several benefits inclusive of abridged tier wear, consistent braking and compact braking distance. The key factors that drive the increase of the market encompass rising number of car collision, enlarged protection consciousness, development of boost braking system for two wheelers, enhancing technical improvements and strict rules associated with safety. But, unsure raw material and commodity charges, excessive fee of upkeep and more safety fashionable ratings are reflecting the market increase.
In 2016, passenger cars phase accounted for the most important share of the Anti-lock Braking System (ABS) market due to increasing customer protection challenge and strict protection legal guidelines in advanced regions. By geography, Asia Pacific is predicted to be the quickest developing marketplace during the forecast period due to entire automotive extent and developing diffusion charge for ABS and ECS technologies. China is projected to dominate the APAC ABS marketplace owing to augmented avenue accidents and guidelines & regulation imposed by government in putting in abs gadget.
Some of the key vendors in this market include
Robert Bosch GMBH
Delphi Automotive Plc
Aisin Seiki Co., Ltd.
Hitachi Automotive Systems, Ltd.
Nissin Kogyo Co.
Hyundai Mobis Co.
ADVICS Co., Ltd.
Sub System Types Covered:
• Hydraulic Unit
• Electronic Control Unit
Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles
• Speed Sensors
Latest Update Related Domain (Automotive Industry) –
Automotive industry is formed by a number of companies that are involved in activities like manufacture of motor vehicles. The various vehicles components developed include engines as well as bodies, among others. The industry’s primary products are light trucks and passenger automobiles, such as vans, sport utility vehicles, and pickups. Commercial vehicles, like large transport trucks and delivery trucks, although crucial aspects of the industry, are considered secondary.
The steam-powered road vehicles were prevalent in earlier times; however, the origin of the automotive industry can be traced back to the time when the gasoline engine was developed in the 1860s in Germany and France. In the early 20th century, French and German manufacturers were joined by Italian, American and British makers.
The exceptional contribution of the automotive industry in terms of technological improvement was the introduction of large-scale mass production. The latter can be described as the process that involves standardization, precision, synchronization, continuity and interchangeability. Basically, mass production originated in America. In this region, the United States, on account of its large population, and high standard of living was the obvious birthplace of mass production. Europe has been another region forming substantial part of the experiment, America’s role was more prominent in the automotive industry.
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Anti Lock Braking System (ABS) Market, By Sub System Type
6 Global Anti Lock Braking System (ABS) Market, By Vehicle Type
7 Global Anti Lock Braking System (ABS) Market, By Component
8 Global Anti Lock Braking System (ABS) Market, By Geography
9 Key Developments
10 Company Profiling
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