The global automotive ABS and ESC market is estimated to grow at a CAGR of 10.5% during the forecast period (2022-2028). Consumer demand for active safety technologies such as electronic speed control (ESC) and anti-lock braking system (ABS) that prevent collisions is increasing, particularly in developing countries. Legislation in developing nations is rapidly catching up, creating a window of opportunity for the ABS and ESC markets. A variety of organizations, such as the New Car Assessment Program (NCAP), provide safety ratings for cars based on their performance. Vehicle safety standards are being imposed by governments all over the world. Through marketing campaigns, leading manufacturers are attempting to raise awareness of various safety systems in vehicles. Safety systems such as ABS and ESC have become more affordable owing to technological improvements in the car industry.
Luxury car demand is predicted to increase significantly in the coming years, particularly in Asia-Pacific and Europe. With the benefits of ABS and ESC and a number of places attempting to legislate these safety systems, some manufacturers throughout the world are making their installation mandatory in automobiles. Even though ESC and ABS are effective safety measures, they are limited by the laws of physics. When driven too rapidly, vehicles equipped with ABS and ESC may lose control, implying that these systems are not a license for reckless driving.
ABS and ESC sales in light commercial vehicles and heavy commercial vehicles are expected to grow at similar rates through 2022, depending on vehicle type. In the global automotive ABS and ESC market, light commercial vehicles will continue to be more profitable than heavy commercial vehicles. Owing to the considerable consumer demand for these vehicles, manufacturers are expected to continue to target compact and mid-sized vehicles for ABS and ESC integration.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Autoliv plc, Continental AG, and Robert Bosch GmbH, among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Automotive ABS and ESC Market Report by Segment
By Type
- Three Channel ABS
- Four-Channel ABS
- ESC
By Application
- Compact Vehicle
- Mid-Sized Vehicle
- Premium Vehicle
- Luxury Vehicle
- Commercial Vehicle
- Heavy Commercial Vehicle
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