According to the TechSci Research report titled “Global Automotive ABS Motor Circuit Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” the market is expected to experience rapid growth with a significant Compound Annual Growth Rate (CAGR) in the upcoming years.
Antilock Braking System (ABS) is a type of anti-skid braking system found in automobiles, lorries, buses, and motorcycles. It prevents wheels from locking up and losing control, reducing stopping distance on dry and slippery roads and preventing accidents in emergencies. In response to the increase in road accidents, governing bodies worldwide are implementing strict regulations mandating the installation of ABS in all vehicle variants. Consequently, traveling has become safer than ever before, leading to increased consumer adoption of ABS-equipped vehicles. The market is poised to be driven by the growing demand for vehicle safety features.
In comparison to conventional brakes, the automotive anti-lock braking system employs different mechanisms and functions more precisely. Its core component is a hydraulic unit, consisting of an electronic control unit that manages braking at each wheel and a return pump. Additionally, each wheel is equipped with a wheel-speed sensor that measures speed and provides data to the control unit. If a wheel is at risk of locking during hard braking, the system reduces braking pressure on that specific wheel until the risk is eliminated. The anti-lock braking system includes sensors, an electronic control unit, and a hydraulic unit. Major market players are making increased investments to develop more advanced anti-lock braking and skidding systems in two-wheelers, which is expected to fuel the global market growth in the future.
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The Global Automotive ABS Motor Circuit Market can be segmented based on vehicle type, channel type, component, and region. In terms of vehicle type, the market is divided into two-wheelers, passenger cars, and commercial vehicles. The passenger car segment is projected to experience rapid growth during the forecast period, driven by increased use of passenger vehicles, a rise in traffic accidents, and government legislation mandating ABS installation in automobiles.
Based on channel type, the market is categorized into single channel, dual channel, three-channel, and four-channel systems. Meanwhile, based on the component, the market is divided into three categories: sensors, electronic control units, and hydraulic units. The sensors segment is expected to achieve the highest revenue CAGR throughout the projection period due to technological advancements in sensor systems, growing demand for advanced sensors, and increasing vehicle demand. The research also provides cross-functional analysis of all the segments across various regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Some of the major players operating in the Global Automotive ABS Motor Circuit Market include:
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“Numerous automobile manufacturers are making significant investments in advanced technology with the objective of enhancing the development of ABS motor circuits, which will ultimately boost vehicle performance. Moreover, government standard norms for vehicle safety have been a driving force behind the ABS Motor circuit market, as ABS technology has proven to be effective in reducing the number of accidents. Additionally, vehicle manufacturers are now dedicatedly focusing on developing new products equipped with ABS technology,” stated Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm.
The report titled “Automotive ABS Motor Circuit Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” is segmented by Vehicle Type (Two-Wheeler, Passenger Cars, Commercial Vehicles), Channel Type (Single Channel, Dual Channel, Three Channel, Four Channel), and Component (Sensors, Electronic Control Unit, Hydraulic Unit), and Region. It evaluates the future growth potential of the Global Automotive ABS Motor Circuit Market and provides statistics and information on market size, structure, and future market growth. The primary objective of the report is to furnish cutting-edge market intelligence and aid decision-makers in making sound investment decisions. Additionally, the report identifies and analyzes emerging trends, along with essential drivers, challenges, and opportunities in the Global Automotive ABS Motor Circuit Market.
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