Automotive Anti-Lock Braking System to Reach USD 131.58 Billion Market Size by 2032

Overview

The automotive anti-lock braking system market size was valued at USD 59.58 billion in 2022 and is expected to reach USD 131.58 billion by 2032, registering a CAGR above 9% during the forecast period (2023 - 2032).

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• The COVID-19 pandemic negatively impacted the automotive anti-lock braking system (ABS) market in 2020.
• Low vehicle sales and minimal aftermarket activity were reported during this period.
• However, the market is expected to revive as passenger vehicle sales increase and safety awareness grows.
• The long-term outlook for ABS is promising due to increasing safety concerns and potential reduction in road accident fatalities.
• High growth is anticipated in the ABS market, particularly with the increasing adoption in entry-level two-wheelers.
• Asia-Pacific, including Japan, India, and China, is projected to become the key market for automotive ABS during the forecast period.
• The automotive anti-lock braking system (ABS) functions differently from conventional brakes, offering enhanced precision and control.
• A hydraulic unit is central to the ABS, comprising an electronic control unit (ECU) and a return pump.
• Each wheel has a wheel-speed sensor, transmitting speed data to the control unit.
• During heavy braking, if a wheel is at risk of locking, the system reduces braking pressure on that wheel to prevent lock-up.
• Brake pressure is restored once the wheel regains traction until the driver reduces pedal force.
• ABS components include sensors, an electronic control unit (ECU), and a hydraulic unit, ensuring optimal braking performance and stability.

Insights into the Automotive Anti-lock Braking System Market

This section covers the major market trends shaping the Automotive ABS & Electronic Stability Control Market according to our research experts:

Regulatory Drive: Government Mandates to Boost ABS Adoption in Passenger Cars

• The automotive anti-lock braking system (ABS) market is primarily driven by the growing demand for vehicle safety and control systems in automobiles.
• Strict regulations dictating safety standards and launching programs emphasizing vehicle safety have fuelled market expansion.
• In Europe, all new passenger cars have been required to be equipped with ABS since 2004, while the United States mandated ABS nearly a decade later under Federal Motor Vehicle Safety Standard (FMVSS) No. 126 in March 2007, along with Electronic Stability Control (ESC).
• Increasing safety standards globally are prompting developing countries to follow suit, with ABS becoming a standard feature in new passenger cars.
• India's Ministry of Road Transport and Highways (MoRTH) mandated ABS for all new passenger cars and two-wheelers in April 2019, resulting in nearly 92% of passenger cars sold in 2021 being equipped with ABS.
• Mandatory ABS rules in countries like Japan and Brazil have also contributed to the widespread adoption of ABS in passenger cars.

Global Government Regulations Propel ABS Market Growth

• The increasing rate of accidents worldwide and governments' continuous efforts to reduce casualties are significant drivers for the anti-lock braking systems (ABS) market.
• Asia-Pacific is one of the fastest-growing markets globally for ABS, supported by the implementation of road safety regulations mandating ABS installation in all new vehicles.
• For instance, the Indian government mandated ABS installation in all cars and mini-buses by April 2019, with compliance required from April 2018 onwards. Additionally, ABS became mandatory for two-wheelers with engines over 125cc.
• In the European Union, motorcycles in the L3e-A1 subcategory must have an advanced braking system, including ABS or a combined braking system (CBS), as per Regulation (EU) No 168/2013.
• The National Transportation Safety Board (NTSB) advocates for anti-lock brakes in motorcycle manufacturing in the United States, aiming to influence the National Highway Traffic Safety Administration (NHTSA) to introduce and enforce road safety regulations.
• Studies show that motorcycles with ABS have a significantly lower crash rate, prompting regulatory bodies to mandate ABS as standard equipment. For example, the European Union parliament mandated ABS in motorcycles in 2016.
• The ABS market is expected to grow during the forecast period as developed and developing countries make ABS mandatory in both four-wheelers and two-wheelers to reduce casualties.

Automotive Anti-lock Braking System Market Regional Insights

• Geographical Segmentation: The worldwide automobile anti-lock braking system market is segmented into four regions: North America, Europe, Asia Pacific, and the rest of the world.
• Asia Pacific Dominance: Asia Pacific is forecasted to lead the automotive anti-lock braking system market due to the surge in vehicle production and sales. Manufacturers in this region are intensifying efforts to develop advanced ABS systems to gain a competitive advantage.
• North American Presence: North America is projected to hold the second-largest share of the market. The region benefits from increasing investments in research and development, particularly in vehicle safety features.
• Safety System Adoption: Developed countries like the U.S., Germany, and France are witnessing a growing adoption of safety systems, which is expected to propel market growth throughout the forecast period.

Driving Forward: Overview of the Automotive Anti-lock Braking System Industry

• Companies are strategically investing, acquiring, and forming partnerships in critical technologies. Furthermore, the widespread adoption of anti-lock braking systems (ABS) in nearly all passenger vehicles is propelling market expansion.
• Haldex's 2022 Agreement with KRONE Commercial Vehicle Group
  Provides fourth-generation EBS platform for trailers.
• ZF Launches Heavy-Duty Trucking Product Line
  Launched complete product and technology line-up at TMC 2022.
• Includes air management, suspension solutions, air disc brakes, brake actuators, vacuum pumps, vehicle dynamics, ADAS, anti-lock braking systems, steering solutions.

Automotive Anti-lock Braking System Market Leaders

• Continental Reifen Deutschland GmbH
• Delphi Technologies PLC
• DENSO Corporation
• Autoliv Inc.
• ZF Friedrichshafen AG
• Robert Bosch GmbH
• Haldex AB
• WABCO Holdings Inc.
• Hyundai Mobis Co. Ltd

Automotive Anti-lock Braking System Industry Segmentation

• An anti-lock braking system (ABS) is a safety feature used in land vehicles and aircraft.
• ABS prevents wheel lock-up during braking to maintain traction with the road or runway.
• It is commonly found in cars, motorcycles, trucks, buses, and various aircraft.
• The system enables drivers to maintain better control of the vehicle during braking manoeuvres.

Market Segmentation

By Vehicle Type

• Motorcycles
• Passenger Cars
• Commercial Vehicles

By Geography

• North America
  
  • United States
  • Canada
  • Mexico
  • Rest of North America
• Europe
  
  • Germany
  • United Kingdom
  • France
  • Russia
  • Spain
  • Rest of Europe
• Asia-Pacific
  
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  
  • Brazil
  • Rest of Latin America
  • United Arab Emirates
• Middle East and Africa
  
  • South Africa
  • Rest of South America