The latest report on Automotive Anti-Lock Braking System Market by Infinium Global Research gives complete coverage of the automotive anti-lock braking system market by sub-systems (sensors, electronic control unit (ECU), and hydraulic unit), vehicle type (motorcycles, passenger cars, and commercial vehicles) in terms of key trends, market size, forecast and CAGR growth over the period of 2023 to 2030. In addition, the study covers deep dive into key product and applications trends in the regional markets of automotive anti-lock braking system such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The strict protection norms set through the authorities is the most important issue riding the automotive anti-lock braking machine marketplace. To lessen the number of causalities due to injuries the governments are implying strict guidelines, which calls for the automakers to integrate the anti-lock braking machine within the automobiles. Moreover, the increasing wide variety of avenue injuries is some other element that escalates the growth of the car anti-lock braking system marketplace.
Furthermore, a number of applications for awarding protection scores to the automobiles make a contribution to the developing demand for the automobile anti-lock braking gadget. Programs such as the New Car Assessment Program (NCAP) quotes the motors primarily based on their protection capabilities. To collect the first-rate scores the vehicle manufacturers are adopting the anti-lock braking system. However, the fluctuation in costs of uncooked material is expected to abate the boom of the car anti-lock braking device. Additionally, improving law in developing international locations is anticipated to offer beneficial increase possibilities for the players in the automobile anti-lock braking system marketplace.
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Key Market Players:
- Robert Bosch GmbH
- Continental AG
- Autoliv Inc.
- Aptiv PLC
- Nissin Kogyo Co., Ltd.
- ZF Friedrichshafen AG
- Denso Corporation
- ADVICS Co., Ltd.
- Hitachi Automotive, Ltd.
- Hyundai Mobis
- Other Companies
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Asia-Pacific holds the dominant share within the global automotive anti-lock braking machine market. The growing automobile income coupled with the growing call for for excessive tech safety features are contributing to the increase of the Asia Pacific automobile anti-lock braking system market. China has the biggest fleet of motor automobiles globally, with 332 million motor vehicles in 2018 which include 235 million cars. Furthermore, the increase in avenue safety regulations with the aid of the government, which obligates the vehicles to combine ABS additionally favors the boom of the Asia Pacific car anti-lock braking device market. North America is predicted to maintain a big percentage attributable to the stringent safety policies, improved price of adoption of new technology and large automotive consumption on this area.
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