Antilock Braking System Control Modules Market was valued at USD 3.2 Billion in 2022 and is projected to reach USD 5.6 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Looking ahead to the period between 2023 and 2033, the Antilock Braking System Control Modules Market is expected to experience even greater growth. The key drivers behind this surge will be advancements in sensor technologies, the growing popularity of electric vehicles, and increased adoption of autonomous vehicles and ADAS features. The shift towards hybrid and fully electric vehicles, which are equipped with more advanced braking systems, will contribute significantly to the demand for more sophisticated ABS control modules. Additionally, emerging markets like India and China are anticipated to see rapid growth in vehicle sales, further boosting demand for ABS control modules. As manufacturers focus on reducing vehicle weight and enhancing fuel efficiency, ABS systems are also evolving to become lighter and more energy-efficient, making them a critical component in modern automotive design.
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The Antilock Braking System (ABS) Control Modules Market has witnessed significant evolution from 2018 to 2022, with substantial demand driven by the increasing adoption of ABS in modern vehicles. These systems are crucial for enhancing vehicle safety by preventing wheel lock-up during emergency braking situations, improving vehicle control, and reducing accidents. The global automotive industry's consistent push towards safety and regulatory standards has fueled the growth of ABS control modules, particularly in regions with stringent safety regulations such as Europe and North America. The rise in demand for electric vehicles (EVs) and the transition towards autonomous driving further accelerated the market, as ABS systems are integral to advanced driver assistance systems (ADAS) that these technologies rely on. The automotive sector's demand during this period highlighted a steady increase, with the market reaching new heights due to technological advancements and rising consumer awareness of vehicle safety.
Bosch
Continental
TRW
ADVICS
Hyundai Mobis
Mando
Wabco
Knorr-Bremse
Hitachi
Nissin Kogyo
Junen
Wanxiang
APG
Kormee
Dongfeng Electronic
Guangzhou Sivco
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Antilock Braking System Control Modules Market
Passenger Vehicles
Commercial Vehicles
Other
Based on Types the Market is categorized into Below types that held the largest Antilock Braking System Control Modules market share In 2023.
One-channel ABS
Two-channel ABS
Three-channel ABS
Four-channel ABS
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Antilock Braking System Control Modules Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Antilock Braking System Control Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Antilock Braking System Control Modules Market, By Type
6. Global Antilock Braking System Control Modules Market, By Application
7. Global Antilock Braking System Control Modules Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Antilock Braking System Control Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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