Anti-Lock Braking System Market was valued at USD 31.48 Billion in 2022 and is projected to reach USD 56.42 Billion by 2030, growing at a CAGR of 7.93% from 2024 to 2030.
In the 2018-2022 period, the ABS market grew substantially due to the rising need for efficient and reliable safety features in both passenger and commercial vehicles. Governments worldwide implemented stricter safety standards, which made ABS a mandatory feature in many regions. The automotive industry's transition toward electric vehicles (EVs) also contributed to the market's expansion, with manufacturers increasingly integrating advanced braking technologies into new vehicle models. ABS, coupled with other braking innovations like Electronic Stability Control (ESC), gained prominence as a vital part of modern vehicles.
As we move into 2023 and beyond, the Anti-Lock Braking System market outlook is expected to see further shifts. The next decade is poised to witness a surge in demand, largely driven by the increasing number of vehicles on the road, especially electric vehicles and autonomous cars. ABS will continue to play a pivotal role in ensuring vehicle safety, particularly with advancements in autonomous driving technologies. The incorporation of AI and machine learning in vehicle systems is set to enhance ABS performance, making it even more responsive to driving conditions.
Looking at the long-term market forecast from 2023 to 2033, the Anti-Lock Braking System market will likely expand at a significant compound annual growth rate (CAGR). The rise of electric vehicles (EVs), hybrid vehicles, and autonomous cars will push manufacturers to develop ABS systems that are more efficient, durable, and adaptable to new technologies. In addition, stricter safety regulations in emerging markets will further drive the demand for advanced braking systems, ensuring that ABS remains a critical component in automotive safety.
Moreover, the integration of connected car technologies will provide new opportunities for ABS systems to interact with other vehicle safety systems, improving overall vehicle stability and control. As automotive manufacturers focus on developing smarter, safer vehicles, the demand for advanced Anti-Lock Braking Systems is set to rise, reinforcing the importance of ABS in modern automobiles.
Get an In-Depth Research Analysis of the Global Anti-Lock Braking System Market Size And Forecast [2025-2032]
The global Anti-Lock Braking System (ABS) market has undergone significant transformation between 2018 and 2022, with technological advancements and increasing demand for vehicle safety systems driving its growth. During this period, the market was heavily influenced by factors such as the growing adoption of safety regulations, rising vehicle production, and increasing consumer awareness about road safety. As we shift into 2023 and look toward 2033, the demand for ABS is expected to continue evolving, influenced by innovations in vehicle technologies, shifting consumer preferences, and regulatory changes.
Bosch
Continental
ZF
Autoliv
WABCO
Brakes India
Hyundai Mobis
Mando
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 Anti-Lock Braking System Market
Motorcycles
Passenger Cars
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Anti-Lock Braking System market share In 2023.
Pneumatic Anti-Lock Braking System
Hydraulic Anti-Lock Braking System
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 Anti-Lock Braking System 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 Anti-Lock Braking System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Anti-Lock Braking System Market, By Type
6. Global Anti-Lock Braking System Market, By Application
7. Global Anti-Lock Braking System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Anti-Lock Braking System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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