Anti-Lock Braking System and Electronic Stability Control System Market Revenue and Value Chain 2015-2025
Future Market Insights has announced the addition of the “Anti-Lock Braking System and Electronic Stability Control System Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
Future Market Insights has announced the addition of the “Anti-Lock Braking System and Electronic Stability Control System Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
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Future <strong>Market</strong> Insights<br />
Global<br />
<strong>Anti</strong>-<strong>Lock</strong> <strong>Braking</strong><br />
<strong>System</strong> <strong>and</strong><br />
<strong>Electronic</strong> <strong>Stability</strong><br />
<strong>Control</strong> <strong>System</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
<strong>2015</strong>-<strong>2025</strong><br />
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Report Description<br />
Manufacturing vehicles with new design, hi-tech innovation, fuel efficiency <strong>and</strong> enhanced safety<br />
are the major challenges for automakers today. Need for extra comfort driving <strong>and</strong> active safety<br />
features has resulted in evolution of anti-lock braking system (ABS) <strong>and</strong> electronic stability<br />
control system (ECS). The ABS <strong>and</strong> ECS active safety systems are mainly used for reducing<br />
accidents <strong>and</strong> mitigating its impact.<br />
Drivers for <strong>Anti</strong>-<strong>Lock</strong> <strong>Braking</strong> <strong>System</strong> <strong>and</strong> <strong>Electronic</strong> <strong>Stability</strong> <strong>Control</strong> <strong>System</strong> <strong>Market</strong><br />
Rising safety concern all over the world is shifting consumer preference to look for active safety<br />
systems like ABS <strong>and</strong> ESC. ABS is an active type of safety system which prevents the wheels from<br />
ceasing rotation <strong>and</strong> avoids uncontrolled skidding. The main application of ABS system is<br />
improve vehicle control <strong>and</strong> decrease the stopping distances on slippery <strong>and</strong> dry surfaces.<br />
Automakers are also demonstrating the application <strong>and</strong> advantage of this technology through<br />
several media platform to increase awareness together with making it as differentiating factor.<br />
Increased acceptance of ABS by original equipment manufacturers (OEMs) <strong>and</strong> by customers<br />
across the globe has resulted into pushing ABS capability upward by frequent up gradation such<br />
as electronically control of the front-to-rear brake bias. Additionally, the capability of ABS can be<br />
enhanced by implementing traction control system, electronic brake force distribution (EBD) <strong>and</strong><br />
electronic stability control.<br />
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Report Description<br />
In order to minimize the loss of steering control, ESC system is used. ECS is set of sensor<br />
devices <strong>and</strong> software also known also referred to as dynamic stability control (DSC) or<br />
electronic stability program (ESP). In Europe <strong>and</strong> United States the government has m<strong>and</strong>ate<br />
use of ABS <strong>and</strong> ESC system in all new passenger cars.<br />
<strong>Anti</strong>-<strong>Lock</strong> <strong>Braking</strong> <strong>System</strong> <strong>and</strong> <strong>Electronic</strong> <strong>Stability</strong> <strong>Control</strong> <strong>System</strong> <strong>Market</strong> Segmentation<br />
The global anti-lock braking system (ABS) <strong>and</strong> electronic stability control system (ECS) market<br />
is exp<strong>and</strong>ing rapidly due to various factors, such as stringent government norms related to<br />
safety <strong>and</strong> consumer preferences shifting to new technology advancement <strong>and</strong> active safety<br />
features.<br />
Regional Outlook on <strong>Anti</strong>-<strong>Lock</strong> <strong>Braking</strong> <strong>System</strong> <strong>and</strong> <strong>Electronic</strong> <strong>Stability</strong> <strong>Control</strong> <strong>System</strong><br />
<strong>Market</strong><br />
The global anti-lock braking system (ABS) <strong>and</strong> electronic stability control system (ECS) market<br />
can be segmented as vehicle type, channel type, product type <strong>and</strong> geographical regions. The<br />
global anti-lock braking system (ABS) <strong>and</strong> electronic stability control system (ECS) market is<br />
geographically sub-segmented into seven key regions namely North America, South America,<br />
Eastern Europe, Western Europe, Asia Pacific, Japan <strong>and</strong> Middle East & Africa. In 2013, North<br />
America accounted for largest share in global anti-lock braking system (ABS) <strong>and</strong> electronic<br />
stability control system (ECS) market, followed by Europe <strong>and</strong> Asia Pacific region respectively.<br />
In terms of growth rate Asia Pacific is the highest growing market with double digit CAGR,<br />
followed by Japan <strong>and</strong> South Korea.<br />
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Report Description<br />
The growth in Asia Pacific segment of the global anti-lock braking system (ABS) <strong>and</strong><br />
electronic stability control system (ECS) market is fueled by increasing penetration rate of<br />
ABS <strong>and</strong> ECS in region like China <strong>and</strong> India due to supporting macroeconomic factors such as<br />
rising income <strong>and</strong> purchasing power, changing lifestyle to due growing urbanization <strong>and</strong><br />
increasing awareness of active safety systems. Additionally countries like Japan <strong>and</strong> South<br />
Korea is also forecast to register significant growth in dem<strong>and</strong> for ABS <strong>and</strong> ESC system <strong>and</strong> is<br />
expected to account for double digit growth in terms of revenue in the global anti-lock<br />
braking system (ABS) <strong>and</strong> electronic stability control system (ECS) market due to stringent<br />
government legislations <strong>and</strong> safety norms.<br />
Key Players in the <strong>Anti</strong>-<strong>Lock</strong> <strong>Braking</strong> <strong>System</strong> <strong>and</strong> <strong>Electronic</strong> <strong>Stability</strong> <strong>Control</strong> <strong>System</strong> <strong>Market</strong><br />
The global anti-lock braking system (ABS) <strong>and</strong> electronic stability control system (ECS)<br />
market is fragmented with number of global <strong>and</strong> local player. Some of the key players in the<br />
global anti-lock braking system (ABS) <strong>and</strong> electronic stability control system (ECS) market<br />
are Autoliv Inc., Contenental Ag, Delphi Automotive Plc, Denso Corporation, Robert Bosch<br />
GMBH <strong>and</strong> TRW Automotive.<br />
Browse full report: http://www.futuremarketinsights.com/reports/anti-lock-brakingsystem-<strong>and</strong>-electronic-stability-control-system-market
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