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Anti-Lock Braking System is an anti-skid braking system used in cars, trucks, buses, and motorcycles. It prevents wheels from locking up and avoid uncontrolled skidding of vehicles. The anti-lock braking system decreases the stopping distance on dry and slippery surfaces and prevents the cars from an accident in an emergency condition. Globally, the governing bodies are implementing strict regulations for the installation of the ABS in all variants of vehicles owing to the rise in the number of road accidents. Furthermore, this has made traveling more safer than before, which is gaining an increase in the adoption of ABS-equipped vehicles by consumers. The rising demand for such safety features in vehicles is expected to drive the market.
Key Market Driver -
Growing demand for safety features in the vehicles by consumers will drive the market.
Key Market Restraint -
High maintenance cost of the ABS will hamper the growth of the market.
The automotive anti-lock braking system operates on different mechanisms as compared to conventional brakes. It performs more accurately than conventional brakes. A hydraulic unit is the central component of the ABS that consists of an electronic control unit, which controls the braking at each wheel and a return pump. Along with this, each wheel has a wheel-speed sensor that measures the speed and transmits the information to the control unit. Under heavy braking, if a wheel is about to lock, the system reduces the braking pressure on that single wheel until the risk of locking is prevented. Brake pressure is again increased once the wheels turn freely back. This increase and release of pressure continue until the driver reduces the force applied to the brake pedal. The anti-lock braking system consists of sensors, an electronic control unit, and a hydraulic unit.
Some of the major companies that are present in the automotive Anti-Lock Braking System market include ADVICS, APG, Robert Bosch GmbH, BWI Group, Beijing Automotive Research Institute, Continental AG, DETC, Haldex, Hitachi Automotive, Ltd., Jiaozuo Brake, Junen, Kemi, Knorr, MANDO, NISSIN, Delphi Automotive Plc, Sivco, TRW, WABCO, Zhejiang VIE, Zhejiang Wangxiang and Zhengchang Electronic among the other players.
By vehicle type, the market is segmented into two-wheeler, passenger cars commercial vehicles. The passenger car segment is expected to dominate the anti-lock braking system market owing to rising production and sales of passenger cars in countries like India, China, the U.S, and others. The two-wheeler segment is estimated to hold a second-largest position in the market. The stringent government rules and an increasing number of road accidents have resulted in the installation of ABS in the two-wheeler segment by manufacturers. By sub-segment type, further, the market has been segmented into sensors, electronic control units, and hydraulic units.
By geography, the global automotive anti-lock braking system market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is estimated to dominate the automotive anti-lock braking system market owing to increasing vehicle production and sales in the region. Manufactures in this region are focusing more on developing high-end ABS systems to attract more consumers and to have an edge compared to their competitors.
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India, South Korea, Japan, and China are the leading automotive manufacturing countries, which are propelling the development of the market in the region. North America is expected to hold a second-largest share in the market. Increasing investment in research support and development of vehicle safety features is likely to contribute to regional growth. The rising adoption of safety systems in developed countries like the U.S., Germany, and France is expected to drive the market over the forecast period.
By Sub-System Type
By Vehicle Type
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