Automotive Anti-Lock Braking System (ABS) Market by Region – Global Opportunities & Forecast, 2020-2027

 Automotive ABS Market

The global automotive anti-lock braking system (ABS) market is likely to witness a steady growth mainly driven by the ongoing technological modernisation, increased safety awareness, and intensified norms by several government.

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Automotive ABS Market Dynamics

Growth in the global automotive ABS market is steered by the intensified safety norms implemented by the government body and several automobile vendors. The remarkable surge in the number of vehicles guided by the accelerating population and expendable income will further strengthen the market growth. ABS decreased the gliding of vehicle, which takes place when the driver pushes the brake pedal during an emergency. Thus, the better control on the vehicle while driving on the road has elevated the automotive anti-lock braking system market size.  In addition to it, the remarkable switch towards hybrid and electric vehicles to minimize the carbon discharge and mitigate global warming has fuelled the automotive anti-lock braking system market share.

With the rising incidences of road accidents and deaths, several government bodies have introduced norms to certify road safety. For example, European Union mandated the installation of ABS in two-wheelers. Also, the Government of India, made ABS compulsory for all new models of commercial vehicles by a modification in the Motor Vehicle Act in 2017. However, as per the automotive anti-lock braking system market report, the high maintenance cost and variation in the prices of raw material has restrained the market growth. Moreover, the automobile installed with ABS can get out of control if driven at a fast speed.

Vehicle Type Segment Drivers

Based on vehicle type, the automotive ABS market can be classified into commercial vehicle, two-wheeler, and passenger car. Amongst these, the passenger car category is likely to lead the overall market during the forecast period. This is because of the rising production and supply of passenger cars. Passenger car is one of the largest acceptor of vehicle security system because of the increasing agitation towards safety and stringent safety norms.  

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