Antilock 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 antilock breaking system market for further growth.
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, AsiaPacific, 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.
Antilock Braking System Market Segmentation
The market is segmented on the basis of Component, Vehicle Type and Geography.
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• Electronic Control Unit ECU
• Hydraulic Unit
By Vehicle Type
• Two Wheelers
• Passenger Cars
• Commercial Vehicles
• North America
o Rest of Europe
o Rest of AsiaPacific
o Latin America
o Middle East
Key Market Players
• Robert Bosch GmbH
• Continental AG
• Autoliv Inc
• Nissin Kogyo Co., Ltd.
• Hyundai Mobis Co., Ltd
• Denso Corporation
• Hitachi Automotive Systems Ltd
• Advics Co., Ltd.
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Grand Research StoreRitesh Firke
GR-Store has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.