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ABS and ESC System Market


Automotive & Transportation
Driving Support/Security

Automotive Anti-Lock Braking System (ABS): The market size, in terms of value, is projected to grow at a promising CAGR of 8.6% to reach $34 billion in 2019.

Automotive Electronic Stability Control System (ESC): The market size, in terms of value, is projected to grow at a promising CAGR of 10.9% to reach $42 billion in 2019.

The automotive industry, in this era driven by hi-tech innovation, is more inclined to use advanced technologies to reduce crashes and mitigate the impact of accidents on a vehicle’s occupants. Hence, the automotive safety systems play an important role in achieving both targets.

These safety systems have evolved from anti-lock braking systems and electronic stability control to driver monitoring and similar systems. These transitions took place due to several reasons such as the increase in awareness of consumers towards safety, rating systems of organizations such as NCAP, and the highly competitive market. These factors prompted companies to invest extensively in passenger safety R&D.

In Europe and North America, ABS and ESC systems are well-established and have a high penetration rate. The use of these systems is also growing significantly in the Asia-Pacific and RoW regions, due to the increase in the consumer purchasing power and their preference for better safety measures and the introduction of legislation and policy framework mandating the installation of safety equipment in cars. China, Germany, and U.K., are expected to be the largest market for anti lock braking system and electronic stability control systems. Developing countries such as India, Russia, Brazil, and Mexico are expected to show a high growth rate in the demand for automotive ABS and ESC systems from 2014 to 2019.

The global automotive electronic stability control system and anti lock braking system market is dominated by players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv, Inc. (Sweden), and TRW Automotive (U.S.).

Automotive Anti-Lock Braking System Market Size, by Region, 2013 VS. 2019 ($Million)

Anti  Lock Braking System (ABS) and Electronic Stability Control (ESC) System Marke

Source: MarketsandMarkets Analysis

Automotive Electronic Stability Control System Market Size, by Region, 2013 VS. 2019 ($Million)

Anti  Lock Braking System (ABS) and Electronic Stability Control (ESC) System Marke

Source: MarketsandMarkets Analysis

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