Global Anti-Lock Braking System Market 2016-2020
About Anti-Lock Braking System
An ABS is an automobile safety system that helps motor vehicles maintain tractive contact with the road surface while braking. ABS is broadly classified under active safety systems that work on cadence-braking and threshold-braking principles. It prevents the wheels from locking, thereby avoiding uncontrollable skidding after the application of brakes. ABSs were first introduced in the 1980s and gained popularity in the 1990s in developed countries, such as the US and Canada
The installation of ABSs in motor vehicles improves vehicular control and reduces the stopping distance on both dry and slippery surfaces. ABSs can increase the braking distance while retaining enhanced vehicle control over loose gravel or snow. Current ABS technologies not only prevent the locking of wheels under braking, but also control the front-to-rear brake bias electronically. This function is known variously as electronic brakeforce distribution, traction control system, and emergency brake assist.
Technavio’s analysts forecast the global ABS market to grow at a CAGR of around 6% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ABS market for the period 2016-2020 in this report. To calculate the market size, the sales revenue from ABSs were considered based on the historic pattern with base year 2015.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Anti-Lock Braking System Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Anti-Lock Braking System Market: Autoliv, Continental, Delphi Automotive, and Bosch.
Other Prominent Vendors in the market are: Aisin Seiki, Beijing Automotive Research Institute, Haldex, Hitachi Automotive Systems, Jiaozuo Brake, and Nissin Brake Ohio.
Commenting on the report, an analyst from Technavio’s team said: “Some trends are expected to drive market growth during the forecast period. The market, for example, is currently witnessing the increased adoption of advanced vehicle safety features, growing demand from emerging markets, and the growth of the active safety systems market.”
According to the report, several factors drive the global ABS market. One is the increasing worldwide demand for safety solutions. Other factors are the stringent regulations related to vehicle safety, increased vehicle safety awareness, and technological advancements.
Further, the report states that one of the major challenges hindering the growth of this market is the inconsistent stop times of ABS.
Autoliv, Continental, Delphi Automotive, Bosch, Aisin Seiki, Beijing Automotive Research Institute, Haldex, Hitachi Automotive Systems, Jiaozuo Brake, Nissin Brake Ohio.
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