[Latest] Global Automotive ABS and ESC Market Size/Share

Austin, TX, USA, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Automotive ABS and ESC Market Size, Trends and Insights By Technology Type (Three Class ABS, Four Class ABS, ECS), By Vehicle Type (Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Commercial Vehicle), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Automotive ABS and ESC Market size & share was valued at approximately USD 68.3 Billion in 2022 and is expected to reach USD 70.2 Billion in 2023 and is expected to reach a value of around USD 88.1 Billion by 2032, at a compound annual growth rate (CAGR) of about 7.2% during the forecast period 2023 to 2032.”

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Automotive ABS and ESC Market: Growth Factors and Dynamics

Mandatory Safety Regulations: Stringent safety regulations imposed by various governments and regulatory bodies worldwide have driven the adoption of ABS and ESC systems in vehicles. These regulations mandate the inclusion of such safety features, boosting the demand for these technologies in the automotive market.

Increasing Vehicle Safety Awareness: Rising awareness among consumers about vehicle safety has led to a higher demand for advanced safety features. ABS and ESC systems are considered essential for preventing accidents and maintaining control during emergency situations, driving the market growth.

Safety Boost: ABS and ESC enhance vehicle stability, curbing accidents and fatalities by preventing skidding and loss of control. Reduced accident expenses and improved road safety encourage investments by consumers and manufacturers alike.

Tech Progress: Evolving ABS and ESC systems stem from ongoing technological advancements. Their integration with features like adaptive cruise control and lane departure warning enhances appeal, amplifying safety and control benefits.

Auto Industry Growth: The expanding automotive sector, particularly in emerging markets, propels the increased adoption of ABS and ESC. Growing vehicle production escalates the demand for safety technologies, including ABS and ESC.

EV Demand: The popularity of electric vehicles benefits the ABS and ESC market. Manufacturers incorporate these safety features to suit the unique characteristics of electric drivetrains, ensuring safety in tandem with the rise of EVs.

Global Safety Standards: ABS and ESC systems adhere to global safety standards, fostering international adoption. Consistency in safety regulations encourages manufacturers and consumers to prioritize these technologies, irrespective of geographical location.

Insurance Incentives: Insurance companies often offer lower premiums for vehicles equipped with ABS and ESC systems due to their proven safety benefits. This incentivizes vehicle owners to choose vehicles with these technologies, further driving the market growth.

Consumer Awareness: Rising public awareness of the benefits of ABS and ESC systems fuels their adoption. As consumers become more informed about these safety features, the demand for vehicles equipped with ABS and ESC increases, driving market growth.

Government Incentives: Governments often provide incentives or subsidies for vehicles equipped with advanced safety technologies like ABS and ESC. These incentives encourage manufacturers and consumers to prioritize safer vehicles, further propelling the market for these systems.

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Automotive ABS and ESC Market:

Aptiv and Hyundai Motor Group: In 2019, Hyundai Mobis partnered with Aptiv to jointly develop next-generation safety solutions, including ABS and ESC systems, with a focus on autonomous driving capabilities. Their collaboration aims to create integrated safety technologies for the future automotive landscape.

ZF Friedrichshafen’s Acquisition of WABCO: In 2020, ZF Friedrichshafen acquired WABCO to expand its expertise in commercial vehicle safety systems, including ABS and ESC. This acquisition aimed to create a comprehensive portfolio of safety solutions for both passenger and commercial vehicles.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 70.2 Billion
Projected Market Size in 2032	USD 88.1 Billion
Market Size in 2022	USD 68.3 Billion
CAGR Growth Rate	7.2% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Technology Type, Vehicle Type and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Automotive ABS and ESC report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Automotive ABS and ESC report has been modified to include the COVID-19 impact study prior to delivery.)

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Automotive ABS and ESC Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Automotive ABS and ESC Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Production Disruptions: The automotive industry faced production halts and supply chain disruptions due to COVID-related lockdowns and restrictions. This led to a slowdown in manufacturing and affected the integration of ABS and ESC systems into vehicles.

Reduced Consumer Demand: Economic uncertainty and reduced consumer spending during the pandemic impacted vehicle sales. This indirectly affected the demand for optional features like ABS and ESC, as some buyers focused on more essential aspects.

Resumed Production: As lockdowns eased, automotive production resumed, allowing the integration of ABS and ESC systems back into vehicles. Catching up on production helped replenish the market’s supply.

Safety Prioritization: The pandemic highlighted the importance of safety, prompting consumers to prioritize vehicles equipped with advanced safety technologies. This renewed focus on safety features like ABS and ESC accelerated their adoption.

Regulatory Support: Governments and safety organizations continued to emphasize safety regulations even during the pandemic. This support ensured that manufacturers remained committed to integrating ABS and ESC systems in compliance with regulations.

Digital Engagement: Virtual showrooms, online vehicle purchasing, and contactless interactions gained traction during the pandemic. Manufacturers highlighted safety features like ABS and ESC through digital platforms, boosting consumer awareness and demand.

Collaborative Partnerships: Automotive manufacturers collaborated with technology providers to innovate and adapt ABS and ESC systems for changing market dynamics, enhancing their effectiveness and market presence.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Automotive ABS and ESC Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

What is the size of the Automotive ABS and ESC market and what is its expected growth rate?
What are the primary driving factors that push the Automotive ABS and ESC market forward?
What are the Automotive ABS and ESC Industry's top companies?
What are the different categories that the Automotive ABS and ESC Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Automotive ABS and ESC market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Automotive ABS and ESC Market:

Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Denso Corporation
Aisin Seiki Co. Ltd
Autoliv Inc.
WABCO Holdings Inc.
Hyundai Mobis Co. Ltd.
Bendix Commercial Vehicle Systems LLC
Delphi Technologies
Others

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Automotive ABS and ESC Market – Regional Analysis

The Automotive ABS and ESC Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, the Automotive ABS and ESC Market trends include a surge in demand for advanced driver assistance systems, leading to the integration of ABS and ESC with these technologies. Additionally, the push for electric vehicles is driving the development of ABS and ESC systems tailored specifically for EVs, contributing to overall market growth.

Europe: In Europe, the trend is towards strict safety regulations and consumer awareness. European governments emphasize road safety, compelling manufacturers to adopt ABS and ESC systems. Moreover, the integration of ABS and ESC with vehicle-to-vehicle communication systems aligns with the region’s focus on smart and connected transportation solutions.

Asia-Pacific: The Asia-Pacific region sees an emphasis on affordability and the adoption of safety features. Here, trends include the integration of ABS and ESC in entry-level and mid-range vehicles, catering to the price-sensitive market. The region’s rapid urbanization also fuels the demand for safety technologies that enhance vehicle stability in congested city environments.

LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, market trends are driven by a growing automotive industry and infrastructure development. The integration of ABS and ESC is becoming a priority, supported by regulations and consumer demand for safer vehicles. This trend is further bolstered by increasing investments in road infrastructure to enhance safety and accessibility.

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The Automotive ABS and ESC Market is segmented as follows:

By Technology Type

Three Class ABS
Four Class ABS
ECS

By Vehicle Type

Compact Vehicle
Mid-Sized Vehicle
Premium Vehicle
Commercial Vehicle

Click Here to Get a Free Sample Report of the Global Automotive ABS and ESC Market @ https://www.custommarketinsights.com/report/automotive-abs-and-esc-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Italy
Spain
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Automotive ABS and ESC Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Automotive ABS and ESC Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Automotive ABS and ESC Market? What Was the Capacity, Production Value, Cost and PROFIT of the Automotive ABS and ESC Market?
What Is the Current Market Status of the Automotive ABS and ESC Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's the Market Analysis of Automotive ABS and ESC Market by Considering Applications and Types?
What Are Projections of the Global Automotive ABS and ESC Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Automotive ABS and ESC Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Automotive ABS and ESC Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are the Market Dynamics of the Automotive ABS and ESC Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Automotive ABS and ESC Industry?

Click Here to Access a Free Sample Report of the Global Automotive ABS and ESC Market @ https://www.custommarketinsights.com/report/automotive-abs-and-esc-market/

Reasons to Purchase Automotive ABS and ESC Market Report

Automotive ABS and ESC Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
The Automotive ABS and ESC Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Automotive ABS and ESC Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Automotive ABS and ESC Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through the Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Automotive ABS and ESC market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Automotive ABS and ESC market analysis.

The competitive environment of current and potential participants in the Automotive ABS and ESC market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Automotive ABS and ESC market should find this report useful. The research will be useful to all market participants in the Automotive ABS and ESC industry.
Managers in the Automotive ABS and ESC sector are interested in publishing up-to-date and projected data about the worldwide Automotive ABS and ESC market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Automotive ABS and ESC products' market trends.
Market insights are sought by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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