Home > Automotive > Automotive Technology > ADAS > Anti-Lock Braking System (ABS) Market

Anti-Lock Braking System (ABS) Market Trends

  • Report ID: GMI10629
  • Published Date: Aug 2024
  • Report Format: PDF

Anti-Lock Braking System Market Trends

The anti-lock braking system (ABS) industry is witnessing significant trends driven by technological advancements, regulatory mandates, and evolving consumer preferences. One notable trend is the increased integration of ABS with other advanced safety systems such as electronic stability control (ESC), traction control systems (TCS), and electronic brake force distribution (EBD). These integrations enhance vehicle safety and performance, addressing the rising consumer demand for comprehensive safety solutions.
 

The growth in demand for two-wheeler ABS systems is another key trend. With motorcycles accounting for a significant share of road accidents, manufacturers are focusing on developing advanced ABS specifically for two-wheelers. Innovations in modular and scalable ABS systems that can be adapted to various motorcycle models are propelling this segment. Companies such as Bosch and Continental are leading this charge by introducing systems that cater to both low-power and high-end sports bikes, thereby enhancing safety across a broader range of two-wheelers.
 

The integration of ABS with advanced driver assistance systems (ADAS) is becoming increasingly prevalent. This synergy enhances vehicle safety through systems such as ESC and TCS, reflecting a broader industry move towards holistic safety solutions. Additionally, there is a surge in ABS adoption within electric and hybrid vehicles. This trend is underscored by recent industry developments, as electric vehicle (EV) manufacturers incorporate advanced ABS systems to complement their regenerative braking technologies.
 

Moreover, there is increased regulatory pressure globally, with new mandates in emerging markets. For instance, from January 1, 2024, Argentina has made ABS mandatory on all new motorcycles over 250 cc and CBS (or front wheel ABS) mandatory for on-road motorcycles between 50 and 250 cc or their electric equivalents.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of anti-lock braking system reached USD 54.1 billion in 2023 and is set to register over 6% CAGR between 2024-2032, owing to the recent mandatory regulations for new vehicles worldwide.

The passenger cars segment accounted for over 56% of the market share in 2023, as it is a vital safety feature designed to enhance driving stability and control by preventing wheel lockup during braking.

Asia-Pacific market accounted for 35% share in 2023, characterized by robust economic growth and increasing vehicle production.

Robert Bosch GmbH, Continental AG, Autoliv Inc, Nissin Kogyo Co., Ltd, WABCO Holdings Inc, Hitachi Automotive Systems, Ltd, ZF Friedrichshafen AG, Denso Corporation, and Haldex AB among others.

Anti-Lock Braking System Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 350
  • Countries covered: 21
  • Pages: 250
 Download Free Sample