automotive antilock braking system and electronic stability control industry, automotive antilock braking system and electronic stability control market, automotive antilock braking system and electronic stability control market size, automotive antilock braking system and electronic stability control market share, automotive antilock braking system and electronic stability control market trends, automotive antilock braking system and electronic stability control market report
How large is the automotive antilock braking system and electronic stability control market, and what is its growth trajectory?
The automotive antilock braking system and electronic stability control market size has grown strongly in recent years. It will grow from $56.37 billion in 2024 to $60.91 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to a rise in road traffic accidents, growth in government regulations, rise in vehicle production, rise in adoption of electric vehicles, and growth in urbanization.
The automotive antilock braking system and electronic stability control market size is expected to see strong growth in the next few years. It will grow to $82.2 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the rising implementation of stringent norms, growing awareness about road safety systems, rising production of vehicles, growing demand for electric vehicles, rising demand for advanced safety features, and increasing focus on vehicle safety. Major trends in the forecast period include technological advancements, adoption of 5G technology, enhanced sensor technologies, development of autonomous vehicles, and proactive safety features.
Get Your Free Sample of The Global Automotive Antilock Braking System And Electronic Stability Control Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16599&type=smp
What are the key forces behind the automotive antilock braking system and electronic stability control market’s growth in recent years?
The increasing rate of accidents is expected to propel the growth of the automotive antilock braking system and electronic stability control market going forward. Accidents are rising due to increased vehicle usage and distracted driving, often caused by mobile device use. Additionally, insufficient infrastructure and driver errors contribute to the growing number of accidents. Antilock braking systems prevent wheels from locking during braking, improving steering control and reducing collision risks, while electronic stability control enhances vehicle stability by detecting and minimizing skids, thereby lowering accident rates significantly. For instance, in May 2022, the National Highway Traffic Safety Administration, a US-based federal government, reported a 10.5% rise in motor vehicle crash fatalities, with an average of 42,915 deaths compared to 38,824 in 2020. Therefore, the increasing rate of accidents is driving the growth of the automotive antilock braking system and electronic stability control market.
What are the major segments of the automotive antilock braking system and electronic stability control market?
The automotive antilock braking system and electronic stability control market covered in this report is segmented –
1) By Technology: Three Channel Antilock Braking System, Four Channel Antilock Braking System, Electronic Stability Control
2) By Vehicle Type: Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle, Heavy Commercial Vehicle
3) By End Use: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Three Channel Antilock Braking System (ABS): Front-Wheel Abs With Rear-Wheel Lock Detection, Mid-Range Vehicle Abs Systems, Abs With Speed And Pressure Sensors, Abs For Light Commercial Vehicles
2) By Four Channel Antilock Braking System (ABS): Full-Sensor Abs For All-Wheel Drive Vehicles, High-Performance Abs For Sports Cars, Advanced Four-Sensor, Four-Channel Abs, Abs With Electronic Brakeforce Distribution
3) By Electronic Stability Control (ESC): Esc With Traction Control Systems, Esc With Yaw Rate And Lateral Acceleration Sensors, Esc For Off-Road And Suvs, Esc Integrated With Advanced Driver Assistance Systems, Active Esc For Heavy-Duty Vehicles
Order your report now for swift delivery
Which companies dominate the automotive antilock braking system and electronic stability control market?
Major companies operating in the automotive antilock braking system and electronic stability control market are Toyota Motor Corporation, Ford Motor Company, Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Nissan Motor Co. Ltd., Tata Motors Limited, DENSO Corporation, Continental AG, Hyundai Mobis Co. Ltd., ZF Friedrichshafen AG, Aisin Corporation, Schaeffler Group, Murata Manufacturing Co. Ltd., Autoliv Inc., Knorr-Bremse AG, Akebono Brake Industry Co. Ltd., Bendix Commercial Vehicle Systems LLC, Veoneer HoldCo LLC, Haldex AB, Magneti Marelli, Delphi Technologies, WABCO Holdings Inc.
What major trends will shape the automotive antilock braking system and electronic stability control market during the forecast period?
Major companies operating in the automotive antilock braking systems and electronic stability control market are focused on developing innovative technologies, such as electric braking systems, to strengthen their position in the market. Electric braking systems aim to enhance safety, efficiency, and performance in vehicles by leveraging electronic controls to manage braking force more effectively than traditional hydraulic systems. For instance, in October 2022, Lippert International Inc., a US-based producer of high-quality connection systems, introduced a fully integrated electric anti-lock braking system. This new system integrates cutting-edge technology to enhance trailer safety and performance. Its key features include real-time monitoring of wheel speed, which allows for precise control and prevents wheel lock-up during braking. The system is designed to be robust and reliable, capable of operating effectively in various road and weather conditions. Lippert’s ABS promises to set a new standard in trailer braking technology, ensuring smoother and safer towing experiences for users across diverse applications.
What are the key regional dynamics of the automotive antilock braking system and electronic stability control market, and which region leads in market share?
Europe was the largest region in the automotive antilock braking system and electronic stability control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive antilock braking system and electronic stability control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Automotive Antilock Braking System And Electronic Stability Control Market Report 2025 Offer?
The automotive antilock braking system and electronic stability control market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An automotive antilock braking system (ABS) and electronic stability control (ESC) are integrated safety technologies designed to improve vehicle control and prevent accidents. ABS prevents wheel lock-up during braking, maintaining steering control, while ESC detects and reduces loss of traction, applies brakes to individual wheels, and adjusts engine power to help the driver maintain control of the vehicle. Together, these systems enhance vehicle stability and safety in various driving conditions.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16599
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
