Providence Headlines

Global Anti-lock Braking System Market 2017 – Robert Bosch GmbH, Continental AG, Autoliv Inc, Nissin Kogyo Co., Ltd.

Global Anti-lock Braking System Market 2017 – Robert Bosch GmbH, Continental AG, Autoliv Inc, Nissin Kogyo Co., Ltd.

Global Anti-lock Braking System Market 2017
Anti-lock Braking System Market by Sub System (Sensors, Electronic Control Unit {ECU}, Hydraulic Unit), and By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Industry trends, estimation & forecast, 2016 – 2024

Anti-lock Braking System Market is expected to reach $44.5 billion by 2024 with emerging CAGR of 7.1 %. The passenger car market segment is expected to drive the global anti-lock breaking system market for further growth.

Anti-lock breaking system (ABS) is advance braking system for automobiles which prevents skidding of vehicles by performing sequential braking controlled by a microcontroller. The microcontroller is fed by real-time data regarding the vehicle such as, speed and momentum of the vehicle. Maintaining the steering ability over the wet and rough surface is the most important function of the ABS. ABS can be used in traditional as well as electric vehicles. Leading automobile manufacturers are introducing ABS to their entry level vehicles which is expected to boost the market growth for global Anti-lock Braking System market.

Market Dynamics
The global ABS market is driven by the factors such as, rising demand for advance safety features, technological advancements, and rapidly growing automotive market. Further, stringent government safety rules & regulation is also one of the prominent factors to boost the growth of global ABS market. For instance, the Road Transport Ministry of the India reported for compulsion of ABS in every motorcycle by end of 2018. However, the high per unit cost of ABS units will restrain the market. The advance technological innovation along with reduction in per unit cost of ABS is expected to unfold numerous opportunities for the market growth within untapped Asia-pacific market.

Competitive Landscape
The global ABS market is highly fragmented due to presence of several local and international vendors and manufacturers. The market is largely dependent on automobiles sales and dominated by intense competition. New product innovation and development are key strategies adopted by key vendors to gain more market share within global ABS market. For instance, Robert Bosch GmbH, a leader in ABS market has launched ABS for bicycle users, in July 2017.

Download Free Sample Report: https://www.fiormarkets.com/report-detail/124437/request-sample

Market Segmentation
The global ABS market is segmented on the basis of subsystem, vehicle type, and region. Sensors, electronic control unit (ECU), and hydraulic unit are further segmentation of subsystem. Vehicle is further categorized into two wheelers, passenger cars, and commercial vehicles. The global market has been segmented into North America, Europe, Asia-Pacific, and RoW (Latin America, Middle East, and Africa) based on the geographical market.

The prominent players profiled in the report are Robert Bosch GmbH, Continental AG, Autoliv Inc, Nissin Kogyo Co., Ltd., Wabco, ZFTRW, Hyundai Mobis Co., Ltd, Denso Corporation, Hitachi Automotive Systems Ltd, and Advics Co., Ltd.

Anti-lock Braking System Market Segmentation
The market is segmented on the basis of Component, Vehicle Type and Geography.

By Component
Sensors
Electronic Control Unit (ECU)
Hydraulic Unit

By Vehicle Type
Two Wheelers
Passenger Cars
Commercial Vehicles

By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
Australia
India
Rest of Asia-Pacific
RoW
Latin America
Middle East
Africa

To Get Full Report Visit @ https://www.fiormarkets.com/report/anti-lock-braking-system-market-by-sub-system-sensors-124437.html

Key Market Players
Robert Bosch GmbH
Continental AG
Autoliv Inc
Nissin Kogyo Co., Ltd.
Wabco
ZFTRW
Hyundai Mobis Co., Ltd
Denso Corporation
Hitachi Automotive Systems Ltd
Advics Co., Ltd.

To Read Similar Reports Visit @ http://www.albaniantimes.com/

Media Contact
Company Name: Fior Markets
Contact Person: Mark Stone
Email: Send Email
Phone: 2014654211
Address:Office 102, Aspirations, Baner Road Baner
City: Pune
State: Maharashtra
Country: India
Website: www.fiormarkets.com/report/anti-lock-braking-system-market-by-sub-system-sensors-124437.html