Automotive Anti-lock Brake System (ABS) Sensors Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The global Automotive Anti-lock Brake System (ABS) Sensors market was valued at approximately USD 5.3 billion in 2022. It is projected to expand at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. The increasing emphasis on vehicle safety and technological advancements in sensor technology are driving the growth of this market. Furthermore, the rising production and sales of automobiles globally are contributing to the demand for ABS sensors. The market is characterized by a diverse range of applications, including passenger vehicles, commercial vehicles, and two-wheelers, each contributing to the overall market expansion.
Opportunities within the Automotive ABS Sensors market are emerging due to the growing trend of electric and autonomous vehicles, which require advanced braking systems for enhanced safety and performance. Additionally, advancements in sensor technology and the integration of ABS sensors with other vehicle systems present substantial growth prospects. The expanding automotive industry in developing regions and the increasing adoption of advanced driver assistance systems (ADAS) further highlight potential areas for market expansion and investment. As vehicle safety regulations tighten globally, the demand for high-quality ABS sensors is expected to rise, creating significant opportunities for market players.
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Bosch
Continental
MOBIS
ZF TRW
WABCO
Delphi
Denso
Sejong Industrial
Hitachi Metal
Knorr-Bremse
MHE
Xinyue Lianhui
Chengdu Changdi
Info (Shanghai)
Ningbo New Strongteck
HANGHZOU LIN`AN TECHRUN
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 Automotive Anti-lock Brake System (ABS) Sensors Market
Passenger Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Anti-lock Brake System (ABS) Sensors market share In 2023.
Hall ABS Sensor
Magnetic Electric ABS Sensor
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 Automotive Anti-lock Brake System (ABS) Sensors 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 Automotive Anti-lock Brake System (ABS) Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Anti-lock Brake System (ABS) Sensors Market, By Type
6. Global Automotive Anti-lock Brake System (ABS) Sensors Market, By Application
7. Global Automotive Anti-lock Brake System (ABS) Sensors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Anti-lock Brake System (ABS) Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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