APAC Automotive Anti-Lock Braking System Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Automotive Anti-Lock Braking System Market Analysis
The Asia-Pacific Automotive Anti-Lock Braking System market is anticipated to register a CAGR of more than 7% during the forecast period (2020 - 2025).
- Nowadays, Anti-lock braking system (ABS) is used in almost every modern car. It automatically provides optimum braking force and avoids of lockup of wheels. Anti-Lock Braking System helps control the direction of the vehicle due to a spin-out or plow out, resulting in a complete loss of steering control. It significantly reduces the risk of being in a rollover, which is one of the most dangerous types of single-vehicle crashes.
- In 2019, 1.35 million people lost their lives in road traffic crashes worldwide, with 90% of causalities belonging to developing countries. Also, most of these developing countries are mainly situated in the Asia Pacific. As a result, emerging markets such as India will become the largest ABS market in the future, which is expected to drive the market.
- However, ABS in 2-wheelers, especially in cost-conscious markets, sometimes offers a single channel with only a front-wheel with an ABS. Also, entry-level cars aren't offering ABS with a higher safety system. However, with emerging technologies and growing government policies, entry-level and 2- wheelers will see a higher adoption towards ABS systems since results have shown that even a lower ABAS equipped system may increase braking distances.
APAC Automotive Anti-Lock Braking System Market Trends
This section covers the major market trends shaping the APAC Automotive Anti-Lock Braking System Market according to our research experts:
Autonomous Emergency Braking System Poised to Drive Market Growth
For four wheelers, research indicates ABS is quite useful, reducing the overall crash-involvement rate by 6% in passenger cars and by 8% in LTVs for non-fatal crashes, which is statistically significant.
In 2-wheelers, 93% of motorcycle falls worldwide could have been avoided or the severity of the accident might have been less. Also, reducing fatal and severe injuries to motorcycle drivers by 8 to 10% suggests that ABS might reduce the number of crash victims especially on wet pavements, improving overall vehicle stability during braking, preserving the ability to steer, and reducing stopping distances on surfaces
Earlier, LIDAR sensors of camera systems were only able to detect cars and only able to autonomously brake sufficiently to avoid a collision with a relative velocity of around 15 kph and termed as 鈥淐ity-AEB鈥� or 鈥渓ow-speed AEB. However, with growing advancements in the ABS market, object recognition of more modern systems now includes PTWs, pedestrians, and cyclists who can operate faster. They can, therefore, detect obstacles at higher travel speeds. Thus, the Autonomous Emergency Braking System could drive the future growth of the market.
India Expected to Witness the Fastest Growth in the Asia-Pacific market
In 2019, India sold a total of 21.18 million two-wheelers. It has now surpassed China and is the largest market for two-wheelers. Also, most of these 2-wheelers are sold to a cost-conscious market. However, with ABS technology becoming more affordable and government mandating automakers to install an ABS without an option not to purchase it, the market will experience higher growth.
In late 2019, the Road transport ministry of India has already made it mandatory for all cars and mini-buses to install an anti-lock braking system (ABS). Similarly, mandating automakers to fix the ABS in all new vehicles of the existing models from April 2019.
India tops the list for deadly road accidents globally, with 1.51 lakh people killed in 4.67 lakh accidents in 2018. Moreover, 30% of the reported accidents were related to Trucks and buses. 77% of these accidents were due to collision, loss of control, or lane departure. This resulted in India making ABS compulsory on all new models of commercial vehicles starting April next, an endeavor aimed at making the country鈥檚 notoriously accident-prone roads safer.
Since seat belts were mandatory in all cars back in 1990, ABS is the second major safety equipment that India has made compulsory in nearly all vehicles.
APAC Automotive Anti-Lock Braking System Industry Overview
The Asia-Pacific Automotive Anti-Lock Braking System Market is marginally consolidated with major players such as Robert Bosch GmbH, Autoliv Inc., Continental AG, DENSO Corporation, and ZF Friedrichshafen AG. As the demand for ABS is growing in the region, the OEM manufacturers are trying to have the edge over its competitors by making joint-ventures, partnerships, launching new products with advanced technology.
For instance, Maruti Suzuki, Inida's largest automobile company has partnered with companies and has introduced safety equipment comprising dual airbags with ABS and EBD (electronic brakeforce distribution) option across all variants of its models.
APAC Automotive Anti-Lock Braking System Market Leaders
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Robert Bosch GmbH
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Continental AG
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ZF Friedrichshafen AG
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BWI
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Wabco
*Disclaimer: Major Players sorted in no particular order
APAC Automotive Anti-Lock Braking System Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Vehicle Type
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5.1.1 Passenger Cars
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5.1.2 Commercial Vehicles
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5.1.3 2-Wheeler
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5.2 Channel Type
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5.2.1 One Channel
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5.2.2 Four Channel
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5.2.3 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share**
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6.2 Company Profiles*
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6.2.1 Robert Bosch GmbH
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6.2.2 Continental AG
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6.2.3 ZF Friedrichshafen AG
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6.2.4 BWI Group
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6.2.5 Mando Corporation
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6.2.6 Toyota Motor Corporation
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6.2.7 WABCO
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Automotive Anti-Lock Braking System Industry Segmentation
The Asia Pacific Automotive Anti-Lock Braking System Market report covers the current and upcoming trends with recent technological development. The report will provide a detailed analysis of various areas of the market by channel, sub-system and vehicle type. The report also covers:
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles | |
| 2-Wheeler |
| Channel Type | |
| One Channel | |
| Four Channel | |
| Others |
| Geography | |||||||
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APAC Automotive Anti-Lock Braking System Market Research FAQs
What is the current Asia-Pacific Automotive Anti-Lock Braking System Market size?
The Asia-Pacific Automotive Anti-Lock Braking System Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Automotive Anti-Lock Braking System Market?
Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, BWI and Wabco are the major companies operating in the Asia-Pacific Automotive Anti-Lock Braking System Market.
What years does this Asia-Pacific Automotive Anti-Lock Braking System Market cover?
The report covers the Asia-Pacific Automotive Anti-Lock Braking System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Automotive Anti-Lock Braking System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Automotive Anti-Lock Braking System Industry Report
Statistics for the 2024 Asia-Pacific Automotive Anti-Lock Braking System market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia-Pacific Automotive Anti-Lock Braking System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
