Anti-lock Braking System Market Trends, Expected to Reach US$ 105.8 billion by 2030

Anti-lock Braking System Market Snapshot

“The Anti-lock Braking System Market is estimated to increase at a CAGR of 8.98% from $ 50.45 Billion in 2023 to $ 105.8 billion by 2030.”

Anti-lock Braking System is a safety system used in aeroplanes and terrestrial vehicles like cars, motorcycles, lorries, and buses to prevent wheel locking during braking, allowing drivers to maintain control and maintain tractive contact with the road surface.

ABS is an automatic system that uses threshold braking and cadence braking, previously used by skilled drivers. It acts faster and more effectively than most drivers can, improving vehicle control and reducing stopping distances on dry and slick conditions. However, it can increase braking distance on loose gravel or snow-covered ground while enhancing steering control.

ABS systems have evolved since their inception in production vehicles, preventing wheel lock during braking and altering the front-to-rear brake ratio. These systems are referred to as electronic brakeforce distribution, traction control system, emergency brake aid, or electronic stability control (ESC) depending on their specific capabilities and implementation.

ABS is a system consisting of a central electronic control unit (ECU), four-wheel speed sensors, and at least two hydraulic valves. The ECU monitors wheel rotational speed and if a wheel is rotating slower than the vehicle's speed, it reduces hydraulic pressure to the brake, reducing braking force.

If a wheel is turning faster than others, the ECU increases brake hydraulic pressure, reapplying braking force and slowing the wheel.

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How does Anti-Lock Braking System work?

• Wheel speed sensors detect the speed of each wheel in a vehicle, which are read by the electronic control unit (ECU). If any wheel's speed is slower than others, the ECU sends a signal to the appropriate wheel valves to reduce brake pressure and close the valves.
• The wheels accelerate, and the signal is sent to the ECU, which opens the valve and increases brake pressure, resulting in the application of brakes.
• The cycle is repeated until the use of brakes becomes natural.

What is the benefit of Anti-Lock Braking System or ABS?

• The Anti-Locking Braking System (ABS) is a sophisticated system that applies and releases brakes multiple times in one second, preventing wheel lockup during harsh braking.
• This system helps the driver navigate the car, reducing braking and ensuring traction, thus outperforming standard brakes and preventing accidents.

Technology Analysis

Brake-by-wire technology is a weight-loss invention that replaces mechanical connections with electric wires, motors, and actuators. It reduces weight and enhances system response time. Other brake assistance technologies, like antilock braking, electronic stability program, electronic parking brake, and electronic traction control, can be integrated into this system, eliminating hardware requirements and reducing vehicle weight.

Automakers are shifting towards using brake-by-wire for improved operating accuracy, with future advancements expected to increase its popularity.

Market Dynamics

Growth Drivers

The ABS industry is driven by global regulatory standards and safety mandates, which mandate the inclusion of ABS in vehicles. Countries recognize the potential of ABS to improve road safety and avoid accidents, making ABS-equipped vehicles mandatory.

These regulations require automobiles to meet safety requirements, including ABS functioning, to provide safer driving conditions for motorists and pedestrians. ABS has been included in various vehicles due to regulatory pressure.

ABS technology has significantly contributed to the growth of the driving market. Initially designed to prevent wheel locking during rapid braking, it has evolved to include more sophisticated features like Electronic Stability Control (ESC), which enhances stability by addressing understeer or oversteer.

This growth has made ABS a comprehensive safety system that covers various vehicle control areas.

ABS benefits have increased consumer awareness, leading to increased demand for automobiles with this technology. Dealerships and manufacturers highlight ABS as a key safety feature, appealing to consumers who prioritize safety in their purchasing decisions. This has led to a significant increase in demand for vehicles equipped with ABS.

Restraints

The automobile industry's growth is expected to be stifled by remote working, which could impact market growth. However, raw material price fluctuations and high maintenance costs, particularly for anti-lock braking system components, also hinder market expansion.

The average cost of ABS maintenance and installation, including labor, for commercial vehicles is $2000, while electronic control modules range from $1000 to $5000 and are scarce. These high costs may hinder the growth of the ABS market.

Trends

• ABS is being integrated with advanced safety systems like Electronic Stability Control (ESC), Traction Control System (TCS), and Autonomous Emergency Braking (AEB) to enhance vehicle stability, traction, and collision avoidance capabilities.
• This comprehensive approach to safety management aims to prevent accidents and manage hazards more effectively.
• ABS market growth is influenced by regulatory requirements and safety standards, as governments worldwide recognize its importance in reducing accidents and improving road safety.
• Numerous countries have implemented legislation requiring ABS installation in vehicles, thereby increasing demand for ABS technology and highlighting its critical safety component.

Competitive Landscape of the Anti-lock Braking System Market Analysis

1. Robert Bosch GMBH
2. TRW Automotive
3. Denso Corporation
4. Hyundai Mobis
5. Autoliv Inc.
6. Delphi Automotive Plc
7. Continental Ag
8. Aisin Seiki Co., Ltd.
9. Haldex AB
10. Hitachi Automotive Systems, Ltd.
11. Jiaozuo
12. Nissin Kogyo Co.
13. Hyundai Mobis Co.
14. ADVICS Co., Ltd.
15. Zhejiang Wangxiang
16. WABCO
17. Mando Corporation
18. AKEBONO BRAKE INDUSTRY CO., LTD
19. Panasonic Automotive Systems Europe GmbH
20. Visteon Corporation
21. Nippon Seiki Co., Ltd.
22. Yazaki
23. Garmin Ltd

New Developments in Anti-lock Braking System Market

In the fiscal year ending March 31, 2023, Denso spent about 9.0 percent of its global consolidated sales on research and development.

January 24, 2023-  Continental to introduce new single-channel ABS for India in 2023

Continental India will introduce a new single-channel ABS (anti-lock braking system) solution for two-wheelers in the second half of 2023. It will be offered in sub-125cc motorcycles as well.

In January 2022, Ineos Styrolution announced the start of ABS production in Wingles, France, having completed the conversion of an existing polystyrene line to the production of ABS. This move makes Wingles the company’s third ABS production site in Europe, together with Antwerp, Belgium, and Cologne, Germany.

In 2022, Halex has signed a long term contract with KRONE Commercial Vehicle Group to provide fourth generation Electronic Brake System platform for trailers.

In 2022, Ineos Styrolution has announced the start of ABS production in Wingles (France). This move has made the Wingles, the company’s third production plant in Europe.

In August 2021, Bosch planned to start production of a motorcycle anti-lock braking system (ABS) at its Amata plant in Rayong, Thailand, in Q2/2022 to meet the increasing demand for safety systems in the Asian market. Following Japan and India, the Amata plant will be Bosch’s third manufacturing site for motorcycle ABS worldwide.

In October 2021, Endurance Technologies announced that it had commenced the production of anti-lock braking systems (ABS) modulators from one of its manufacturing plants at Waluj, Aurangabad.

Segment Analysis

Sub-System Type

The global Anti-Lock Braking System (ABS) market has experienced significant growth in recent years, driven by increased emphasis on vehicle safety and strict regulatory standards. The market's growth is fueled by essential subsystems like sensors, ECU, and hydraulic units, which are crucial for the performance and efficiency of ABS.

The sensor subsystem in the ABS industry is crucial for monitoring wheel speed to prevent wheel lock-up during braking, maintaining vehicle steerability. Recent advancements in sensor technology and the use of wireless sensors have increased its importance.

The electronic control unit (ECU) evaluates sensor data and adjusts braking pressure to prevent wheel lock-up.

Application Insights

The Anti-Lock Braking System (ABS) market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles globally. Passenger automobiles dominate due to high production volume and increased customer demand for safety. Vehicles equipped with ABS are considered safer, bolstering their dominance in this market.

The light commercial car market is experiencing growth due to the exponential growth of e-commerce. The need for efficient, reliable, and safe transportation is crucial in this sector, and light commercial vehicles equipped with ABS are well-suited. Although not as dominant as the passenger car segment, the large commercial vehicle industry still has a significant demand for ABS.

Regional Outlook

“In 2022, North America held the largest revenue share in the Anti-lock Braking System market.”

The anti-lock braking system market in North America and Europe is highly established and has a high penetration rate. The National Transportation Safety Board (NTSB) advocates for anti-lock brakes in motorcycle manufacturing in the US, aiming to convince the National Highway Traffic Safety Administration (NHTSA) to establish regulations. The Insurance Institute for Highway Safety reports that anti-lock brake-equipped motorcycles have a 31% lower crash rate.

 “APAC is projected to be the fastest-growing region in the projected period in the Anti-lock Braking System market.”

The Asia-Pacific market is experiencing a surge in demand for anti-lock braking systems due to increased road safety regulations mandating their installation in all new vehicles.

Segments Covered in the Anti-lock Braking System Market Report

Segment by Sub-System Type

• Sensors
• Electronic Control Unit (ECU)
• Hydraulic Unit

Segment by Vehicle Type           

• Two-Wheeler
• Passenger Car
• Commercial Vehicles

The above information has been provided for the following regions and countries:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Italy
• Russia

Asia Pacific

• China
• India
• Japan
• South Korea

Latin America

• Brazil
• Mexico

MEA

• UAE
• Saudi Arabia
• South Africa

Frequently Asked Questions

What is the expected growth rate of the Anti-lock Braking System market over the next 7 years?

“The Anti-lock Braking System Market is estimated to increase at a CAGR of 8.98% from $ 50.45 Billion in 2023 to $ 105.8 billion by 2030.”

Who are the major players in the Anti-lock Braking System market and what is their market share?

Robert Bosch GMBH, TRW Automotive, Denso Corporation, Hyundai Mobis, Autoliv Inc., Delphi Automotive Plc, Continental Ag, Aisin Seiki Co., Ltd., Haldex AB, Hitachi Automotive Systems, Ltd., Jiaozuo, Nissin Kogyo Co., Hyundai Mobis Co., ADVICS Co., Ltd., Zhejiang Wangxiang, WABCO, Mando Corporation, AKEBONO BRAKE INDUSTRY CO., LTD, Panasonic Automotive Systems Europe GmbH, Visteon Corporation, Nippon Seiki Co., Ltd., Yazaki,Garmin Ltd, are prominent players operating and dominating in the market.

What is the demand projection for Anti-lock Braking System by 2030?

Demand for Anti-lock Braking System is projected to reach a market value of US$ 105.8 billion by 2030-end.

What is the growth projection for Anti-lock Braking System?

Growth from of Anti-lock Braking System is projected to increase at a CAGR of 8.98% through 2030.

1.SUMMARY

1.1. Anti-lock Braking System Market Overview

1.2. Key Insights

1.3. Report Scope

1.4. Research Methodology

1.5. Frequently Asked Questions

1.6. Chapter Outlines

2. DECISION-MAKING SUMMARY
3. INTRODUCTION

3.1. Overview of Anti-lock Braking System

3.2. Key Historical Events

3.3. Structure

3.4. Biochemical Interaction

3.5. Target Indications

3.6. Advantages of Anti-lock Braking System

3.7 Challenges associated with Anti-lock Braking System

3.8. Future Perspectives.

4. MARKET LANDSCAPE

4.1. Methodology

4.2 Anti-lock Braking System: Developer Landscape

4.2.1. Analysis by Year of Establishment

4.2.2. Analysis by Company Size

4.2.3. Analysis by Location of Headquarters (Region-wise)

4.2.4. Analysis by Location of Headquarters (Country-wise)

4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)

4.2.6. Most Active Players

5. COMPANY

5.1. Company Overview

5.1.2 Management Team

5.1.3. Product Portfolio

5.1.4. Recent Developments and Future Outlook

6. PARTNERSHIPS AND COLLABORATIONS

6.1. Partnership Models

6.2. Anti-lock Braking System: Partnerships and Collaborations

6.2.1. Analysis by Year of Partnership

6.2.2. Analysis by Type of Partnership

6.2.3. Analysis by Year and Type of Partnership

6.2.4. Analysis by Type of Partner

6.2.5. Analysis by Year of Partnership and Type of Partner

6.2.6. Analysis by Type of Partnership and Type of Partner

6.2.7. Analysis by Type of Partner and Parent Company Size

7. ACADEMIC GRANTS ANALYSIS

7.1. Methodology and Key Parameters

7.2. Anti-lock Braking System: Academic Grants Analysis

7.2.1. Analysis by Year of Grant Award

7.2.2. Analysis by Amount Awarded

7.2.3. Analysis by Funding Institute Center

7.2.4. Analysis by Support Period

7.2.5. Analysis by Funding Institute Center and Support Period

7.2.6. Analysis by Type of Grant Application

7.2.7. Analysis by Purpose of Grant

8. PUBLICATION ANALYSIS

8.1. Analysis Methodology and Key Parameters

8.2. Anti-lock Braking System: Publication Analysis

8.2.1. Analysis by Year of Publication

8.2.2. Analysis by Type of Publication

8.2.3. Analysis by Type of Conjugate

8.2.4. Analysis by Target Indication

8.2.5. Analysis by Copyright Holder

8.2.6. Word Cloud: Emerging Focus Area

8.2.7. Most Active Publishers: Analysis by Number of Publications

9. SUCCESS PROTOCOL ANALYSIS

9.1. Methodology and Key Parameters

9.2. Key Assumptions and Scoring Criteria

9.3. Success Protocol Analysis

9.4. Assessment of Approved Anti-lock Braking System

10. Appendix 1: Tabulated Data
11. Appendix 2: List of Companies 

1. Robert Bosch GMBH
2. TRW Automotive
3. Denso Corporation
4. Hyundai Mobis
5. Autoliv Inc.
6. Delphi Automotive Plc
7. Continental Ag
8. Aisin Seiki Co., Ltd.
9. Haldex AB
10. Hitachi Automotive Systems, Ltd.
11. Jiaozuo
12. Nissin Kogyo Co.
13. Hyundai Mobis Co.
14. ADVICS Co., Ltd.
15. Zhejiang Wangxiang
16. WABCO
17. Mando Corporation
18. AKEBONO BRAKE INDUSTRY CO., LTD
19. Panasonic Automotive Systems Europe GmbH
20. Visteon Corporation
21. Nippon Seiki Co., Ltd.
22. Yazaki
23. Garmin Ltd

Segment Analysis