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Global Anti-lock Braking System (ABS) Market Size, Share, Forecast: By Component Type: Speed Sensors, Electronic Control Units (ECU), Hydraulic Units; By Vehicle Type: Two Wheelers, Passenger Cars, Commercial Vehicles; By Sales Channel: Original Equipment Manufacturer, Aftermarket; Regional Analysis; Competitive Landscape; 2023-2028
Global Anti-lock Braking System (ABS) Market Outlook
The global anti-lock braking system (ABS) market size reached approximately USD 42.5 billion in 2022. The market is projected to grow at a CAGR of 9.10% between 2023 and 2028, reaching a value of around USD 70.9 billion by 2028.
Key Trends in the Market
Anti-lock braking system (ABS) is a safety mechanism implemented in aircraft and land vehicles, such as motorbikes and cars. This mechanism allows the user to steer the wheel even when the brakes are applied, which can be crucial to avoid accidents. In traditional braking systems, brake pads press tightly against the wheel’s discs to stop its rotation, which can result in the wheel being completely locked up regardless of the speed and stop the steering of the vehicle.
- The global anti-lock braking system (ABS) market growth is aided by the rising implementation of the safety system in entry-level motorbikes and vehicles. Due to their cheap cost, these vehicles have substantially high demand in emerging markets such as developing nations of the Asia Pacific.
- The increasing awareness regarding the necessity of safety features among customers and the implementation of various policies by governments to ensure the maintenance of safety features in vehicles are some of the key global anti-lock braking system (ABS) market trends.
- Advancements in technology have significantly improved the performance and efficiency of ABS systems. Traditional ABS systems have evolved into more sophisticated electronic systems that incorporate sensors, microcontrollers, and advanced algorithms. The global anti-lock braking system (ABS) market demand is expected to surge as these systems become capable of detecting wheel slip more accurately and adjusting braking pressure accordingly, hence ensuring maximum control and safety.
Market Analysis
Based on component type, the market is segmented into speed sensors, electronic control units (ECU), and hydraulic units. The global anti-lock braking system (ABS) market segmentation, based on vehicle type, includes two wheelers, passenger cars, and commercial vehicles. The market division, based on sales channels, includes original equipment manufacturing (OEM) and aftermarket. The major regional markets for anti-lock braking systems (ABS) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global anti-lock braking system (ABS) market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Robert Bosch GmbH
- Continental AG
- Delphi Automotive, PLC
- Hitachi, Ltd.
- ZF Friedrichshafen AG
- Nissan Motor Limited.
- Hyundai Motor Company
- Autoliv Inc.
- HL Mando Corp.
- BWI Group
- Others
Market Share by Vehicle Type
Passenger cars are expected to contribute significantly to the global anti-lock braking system (ABS) market sales in the forecast period. The demand for passenger cars in emerging nations has surged owing to the improving economic conditions and increasing urbanisation. Major manufacturers are also focused on increasing their production capacity to meet the growing demand for passenger vehicles. Moreover, governments around the world are also bringing in effect stringent regulations and safety protocols in order to reduce road accidents, boosting the installation of ABS systems in passenger cars.
Market Share by Region
According to the global anti-lock braking system (ABS) market analysis, the Asia Pacific is anticipated to be one of the largest markets for the product in the forecast period. The growth of the region can be attributed to increasing sales of two-wheelers and other personal mobility solutions owing to the improving lifestyle of the people. The presence of major automobile manufacturers in countries such as India, Japan, China, and South Korea, is expected to play a major role in the development of the regional market in upcoming years.
Competitive Landscape
Robert Bosch GmbH is a leading German developer and supplier of technology and services. Widely known as Bosch, the company has divided its operations into four sectors, including mobility, industrial technology, consumer goods, and energy and building technology. Foundations dating back to 1886, Bosch has established itself as a leader in the field of home appliances and mobility.
Continental AG is a multinational motor vehicle manufacturing company with extensive experience in developing and providing technologies and services for the mobility sector. Since the company’s establishment in 1871, it has developed expertise in various fields, including tyres, software development, automated driving, blockchain, and connectivity, among others.
Delphi Automotive, PLC is an advanced motor vehicle manufacturing company, headquartered in Dublin, Ireland. Through extensive experience, the company has established itself as an expert in smart vehicle architecture, connected cars, autonomous vehicles, and active safety. The company is the developer of an integrated vehicle brain and nervous system.
Other global anti-lock braking system (abs) market players include Hitachi, Ltd., ZF Friedrichshafen AG, Nissan Motor Limited., Hyundai Motor Company, Autoliv Inc., HL Mando Corp., and BWI Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component Type |
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| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Anti-lock Braking System (ABS) Market Analysis
8.1 Key Industry Highlights
8.2 Global Anti-lock Braking System (ABS) Historical Market (2018-2022)
8.3 Global Anti-lock Braking System (ABS) Market Forecast (2023-2028)
8.4 Global Anti-lock Braking System (ABS) Market by Component Type
8.4.1 Speed Sensors
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Electronic Control Units (ECU)
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Hydraulic Units
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Anti-lock Braking System (ABS) Market by Vehicle Type
8.5.1 Two Wheelers
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Passenger Cars
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Commercial Vehicles
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Anti-lock Braking System (ABS) Market by Sales Channel
8.6.1 Original Equipment Manufacturer (OEM)
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Aftermarket
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Anti-lock Braking System (ABS) Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Anti-lock Braking System (ABS) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Anti-lock Braking System (ABS) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Anti-lock Braking System (ABS) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Anti-lock Braking System (ABS) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Anti-lock Braking System (ABS) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robert Bosch GmbH
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Continental AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Delphi Automotive, PLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hitachi, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ZF Friedrichshafen AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nissan Motor Limited.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Hyundai Motor Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Autoliv Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 HL Mando Corp.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 BWI Group
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Anti-lock Braking System (ABS) Market: Key Industry Highlights, 2018 and 2028
2. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Component Type (USD Billion), 2018-2022
3. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Component Type (USD Billion), 2023-2028
4. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
5. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
6. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Sales Channel (USD Billion), 2018-2022
7. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Sales Channel (USD Billion), 2023-2028
8. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Anti-lock Braking System (ABS) Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 42.5 billion.
The market is projected to grow at a CAGR of 9.10% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach a value of around USD 70.9 billion by 2028.
The market is driven by the increasing implementation of ABS in different types of vehicles and the rising sales of two-wheelers and affordable vehicles integrated with ABS.
The market is guided by the implementation of government policies to strengthen safety features in a vehicle and technological advancements improving the effectiveness of ABS.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major component types are speed sensors, electronic control units (ECU), and hydraulic units.
The key players in the market are Robert Bosch GmbH, Continental AG, Delphi Automotive, PLC, Hitachi, Ltd., ZF Friedrichshafen AG, Nissan Motor Limited., Hyundai Motor Company, Autoliv Inc., HL Mando Corp., and BWI Group, among others.
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