According to a market report by Lucintel, the future of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market looks promising with opportunities in the passenger car and commercial vehicle segments. The automotive anti lock braking system (ABS) and electronic stability control (ESC) system market is expected to grow with a CAGR of 8% from 2019 to 2024. The major drivers for this market are government legislations, new car assessment program, focus on occupant safety, buyer’s preferences for safety technologies, and increasing number of auto collision.
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Sensors, ECU, and hydraulic unit are the major sub-system segments of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market.
Asia Pacific will remain the largest region over the forecast period due to the adaptation of safety regulations by governments/agencies, increase in vehicle sales, and safety installations per vehicle, which are accelerating the demand for ABS and ESC systems.
Robert Bosch, Autoliv, TRW Automotive, Delphi Automotive, Denso Corporation, Continental, and Hyundai Mobis are among the major manufacturers of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market by sub-systems, by vehicle, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market by sub-systems, by vehicle type, and by region as follows:
By Sub-Systems [$M shipment analysis for 2013 – 2024]:
Sensors
ECU
Hydraulic Unit
By End Use [$M shipment analysis for 2013 – 2024]:
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-anti-lock-braking-system-market.aspx or helpdesk@lucintel.com.
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