Global Anti-lock Braking System (ABS) Market Outlook - Forecast Trends, Market Size, Share and Growth Analysis Report (2024-2032)

Anti-lock Braking System (ABS) Market Overview

The Anti-lock Braking System (ABS) improves safety by preventing wheel lock-up during hard braking, which enhances vehicle stability on slippery surfaces. It decreases stopping distances, particularly on wet or icy roads. ABS enables drivers to maintain control during emergency braking, reduces skidding, and boosts driver confidence in challenging conditions, driving demand of the anti-lock braking system (ABS) market. In August 2023, Tesla announced a software update to enhance the existing ABS functionality in its vehicles. This update improves braking performance across various conditions, ensuring greater safety for drivers. Tesla aims to deliver a seamless driving experience, reinforcing its commitment to innovative technology and consumer safety.

ABS systems adjust to various driving conditions, providing reliable performance across diverse terrains. They react more quickly than human reflexes, optimising braking in emergencies and leading to lower accident rates for vehicles equipped with this technology. Various trends in the anti-lock braking system (ABS) market are being impacted as many countries require ABS in new vehicles, ensuring compliance with safety regulations and potentially boosting resale value. In May 2023, Honda announced the addition of an advanced ABS system in its latest motorcycle range. This innovative braking system improves rider control and stability during sudden stops, aiming to reduce accidents and enhance overall safety. Honda remains focused on rider safety through ongoing technological advancements.

Anti-lock Braking System (ABS) Market Growth

ABS helps to evenly distribute braking force, which reduces tyre wear and enhances overall vehicle traction. It improves braking performance in challenging weather conditions, making vehicles safer in rain, snow, and ice. Additionally, vehicles equipped with ABS may benefit from lower insurance premiums and can integrate smoothly with other safety technologies, such as Electronic Stability Control, contributing to the growth of the anti-lock braking system (ABS) industry. In January 2023, Mercedes-Benz launched its next-generation ABS in the 2024 models, emphasising improved braking precision. The new system is designed to work in harmony with other safety features, offering drivers better control and shorter stopping distances, highlighting Mercedes' dedication to luxury and safety.

ABS operates automatically, needing no additional input from the driver, which makes it user-friendly. Its presence enhances awareness of safe driving practices and facilitates integration with advanced driver-assistance systems (ADAS). The global adoption of ABS demonstrates its effectiveness, and ongoing innovations are set to bring further improvements in safety and performance for future vehicles, impacting the anti-lock braking system (ABS) market revenue. In October 2023, Kia announced the launch of an enhanced ABS system in its new electric vehicle lineup. This upgraded technology aims to optimise braking performance, especially across diverse terrains, thereby improving safety for both drivers and passengers. Kia’s emphasis on advanced safety features underscores its commitment to innovative automotive solutions.

Industry News

September 2024

Continental Automotive India's plant in Gurgaon reached a significant milestone by producing ten million Electronic Brake Systems (EBS) and one hundred million Wheel Speed Sensors (WSS). These components are essential for vehicle safety, supporting systems such as Electronic Stability Control (ESC) and Anti-lock Brake Systems (ABS), thereby improving stability and braking performance.

July 2023

Itelma LLC commenced the production of anti-lock braking systems (ABS) and electronic stability control systems (ESP) for passenger cars in Kostroma, Russia. A new automated workshop has been set up, allowing for an annual production capacity of 850,000 units, with the potential to expand to 1.2 million. The project operates entirely on a commercial basis, with no subsidies involved.

Anti-lock Braking System (ABS) Market Trends

Market Growth and Adoption

The anti-lock braking system (ABS) demand growth is driven by heightened safety regulations and increased consumer demand for advanced vehicle safety features. Numerous countries require ABS in new vehicles, leading to its widespread adoption. Technological innovations, such as the integration of ABS with advanced driver-assistance systems (ADAS), further bolster vehicle safety and performance. Additionally, the emergence of electric and autonomous vehicles creates new opportunities for the anti-lock braking system (ABS) market development. Manufacturers are dedicating resources to research and development to enhance ABS capabilities, ensuring they stay competitive in the rapidly changing automotive sector. According to the IEA, France plans to invest €2.5 billion in its 2030 investment strategy to increase the production of around two million electric and hybrid vehicles. The government is also inviting proposals to support the establishment of high-power charging stations for electric vehicles, with an allocation of €300 million.

Technological Innovations

Recent advancements in the ABS market are centred on improving braking precision and responsiveness. The anti-lock braking system (ABS) market dynamics and trends are being impacted as manufacturers develop next-generation systems that utilise real-time data analysis and adaptive algorithms, enhancing performance in various driving conditions. The integration with vehicle dynamics systems, such as Electronic Stability Control (ESC), further boosts overall safety. The move towards automation is also shaping ABS design, incorporating features that support autonomous driving technologies. As automotive technology continues to advance, the ABS market stands to gain from innovations prioritising driver and passenger safety while optimising vehicle control. In September 2024, Bosch introduced groundbreaking brake and automation technologies at the Bosch Mobility Experience 2024, with the standout being the Brake Control Pad. This brake-by-wire system replaces the traditional pedal with a touch-sensitive pad, allowing for more precise braking through electronic commands and aligning with Bosch’s vision for enhanced vehicle safety and automation.

Opportunities in the Anti-lock Braking System (ABS) Market

Sustainability and Environmental Concerns

Sustainability is increasingly becoming a focal point driving demand for ABS, as manufacturers work to lessen the environmental impact of their products. This includes the development of more energy-efficient ABS systems and the use of eco-friendly materials in their production. With the automotive industry transitioning towards electrification, the need for lightweight and energy-efficient components is growing, leading to innovations in ABS design. Additionally, the increased focus on minimising vehicle emissions aligns with the adoption of ABS, which enhances overall vehicle efficiency. This sustainability trend in the anti-lock braking system (ABS) market is driving future developments, attracting environmentally conscious consumers, and adhering to regulatory standards. In October 2024, Toyota unveiled its new sustainable anti-lock braking system (ABS). This innovative system employs eco-friendly materials and energy-efficient technologies, aiming to reduce environmental impact while improving vehicle safety. The launch highlights Toyota's commitment to sustainability in the automotive sector and addresses the increasing demand for greener vehicle solutions.

Market Restraints

The anti-lock braking system (ABS) market encounters several constraints that impede growth and adoption. Significant challenges include the high costs of installation and maintenance, which can discourage manufacturers, especially in the budget sector. The technical complexity of ABS systems makes installation and repair more difficult, while a lack of consumer awareness diminishes demand for these safety technologies.

Variations in regulations lead to increased compliance costs, and competition from alternative braking systems restricts the anti-lock braking system (ABS) market share. Furthermore, older vehicle models frequently lack compatibility with modern ABS, and economic downturns can result in reduced spending on new vehicles. Supply chain disruptions and rapid advancements in automotive technology may also divert attention from traditional ABS, affecting long-term demand.

Anti-lock Braking System (ABS) Industry Segmentation

The EMR’s report titled “Anti-lock Braking System (ABS) Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component Type

• Speed Sensors
• Electronic Control Units (ECU)
• Hydraulic Unit

Market Breakup by Vehicle Type

• Two Wheelers
• Passenger Cars
• Commercial Vehicles

Market Breakup by Sales Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Anti-lock Braking System (ABS) Market Share

By Component Type Insights

Speed sensors enable real-time monitoring of wheel speed, which is essential for effective braking control. They enhance safety by identifying wheel lock-up, helping to maintain traction and minimise the risk of skidding. These sensors improve vehicle handling and stability, particularly on slippery surfaces, increasing driver confidence. They facilitate rapid adjustments in braking force, allowing quick responses to changing conditions and providing valuable data for the anti-lock braking system (ABS) market analysis. In July 2024, DynamicStop Solutions introduced a groundbreaking speed sensor for ABS applications, which featured enhanced detection capabilities that provided crucial data to braking systems, improving responsiveness and overall vehicle safety during sudden stops.

Electronic Control Units (ECUs) act as the central hub for ABS, processing data from speed sensors to adjust braking in real time. They improve braking efficiency by distributing force uniformly across all wheels, preventing lock-up. Additionally, ECUs integrate with other vehicle systems, such as traction and stability control, to enhance overall performance. They feature customisable algorithms for various driving conditions and monitor system performance, generating maintenance alerts to ensure reliability and safety, thus boosting demand in the anti-lock braking system (ABS) market. In August 2024, AutoTech Innovations launched an advanced electronic control unit (ECU) for anti-lock braking systems, using sophisticated diagnostics and predictive analytics to ensure optimal braking performance and enhance safety features for both conventional and electric vehicles.

By Vehicle Type Analysis

In two-wheelers, ABS significantly enhances safety by preventing wheel lock-up during hard braking, thereby reducing the risk of skidding on slippery surfaces. It improves braking control, increasing rider confidence and stability. Rising consumer awareness of safety features is driving the demand for ABS in motorcycles and scooters. Additionally, many regions are introducing regulations that mandate ABS in new two-wheelers, further bolstering anti-lock braking system (ABS) industry growth. According to the Insurance Institute for Highway Safety, there were 8,575,569 registered on-road motorcycles in the United States in 2021. Furthermore, the increasing sales of e-bikes have also opened, additional revenue opportunities for manufacturers.

In passenger cars, ABS has become a standard safety feature, enhancing braking performance and preventing wheel lock during sudden stops. It integrates seamlessly with advanced systems such as electronic stability control (ESC) and traction control, boosting overall vehicle safety. As consumer awareness of safety features grows, there is an increasing preference for vehicles equipped with ABS, driving anti-lock braking system (ABS) demand growth through innovation and regulatory standards. According to the International Trade Administration, the local market recorded 1,049,831 new vehicle sales in 2021, with SUVs leading at 49.6%, followed by passenger cars at 24.2%, light commercial vehicles at 22.4%, and heavy commercial vehicles at 6.4%.

By Sales Channel Insights

OEMs play a vital role in the ABS market by incorporating anti-lock braking systems as standard safety features in new vehicles, ensuring adherence to regulations, and improving performance. They invest in research and development to integrate the latest technologies, enhancing functionality and reliability. The anti-lock braking system (ABS) industry revenue is boosted as OEMs offer advanced ABS technology, which strengthens their brand reputation and fosters long-term partnerships with suppliers to ensure consistent quality. In July 2024, ZF Friedrichshafen announced the launch of a cutting-edge ABS specifically designed for electric vehicles. This system enhances braking efficiency and energy recovery, making it well-suited for contemporary OEM applications while contributing to overall vehicle safety and sustainability.

The aftermarket supplies ABS replacement parts and upgrades for existing vehicles, addressing consumer demand for enhanced safety in older models. It offers a wide range of ABS components, including sensors and control units, providing flexibility in pricing and performance. Aftermarket services are crucial for maintaining and repairing ABS, ensuring vehicles remain safe, while increasing safety awareness drives demand for ABS upgrades, thus fostering anti-lock braking system (ABS) market growth. In September 2024, Duralast unveiled a new range of aftermarket ABS components aimed at improving vehicle safety and performance. These parts are designed for easy installation and compatibility with various makes and models, catering to consumers seeking dependable braking solutions.

Anti-lock Braking System (ABS) Market Regional Insights

Europe Anti-lock Braking System (ABS) Market Analysis

Europe is witnessing a notable increase in anti-lock braking system (ABS) demand, particularly in Germany, Italy, and France. ABS enhances vehicle control during emergency braking, improving handling across different weather conditions. Furthermore, it is required by law in numerous European countries, to ensure adherence to high safety standards for safer driving. According to the ITA, German manufacturers intend to invest EUR 10 billion in the smart manufacturing and automotive sectors by 2025.

North America Anti-lock Braking System (ABS) Market Trends

The North American anti-lock braking system (ABS) market value is set for substantial growth, supported by major companies such as Bosch, Continental AG and ZF Friedrichshafen AG. As awareness of safety features rises, consumers tend to favour vehicles equipped with ABS, increasing the demand for safer alternatives. According to Statistics Canada, the country's automotive production is valued at approximately US$74,598 million, which drives demand of the anti-lock braking system (ABS) market, as it is vital for improving vehicle safety, compliance, and performance, benefiting both consumers and manufacturers.

Asia Pacific Anti-lock Braking System (ABS) Market Insights

In China companies such as Zhejiang Yutong, WABCO and Aisin Seiki Co., Ltd. highlight the growing anti-lock braking system (ABS) market share in the Asia-Pacific region. The ABS market is evolving to support electric vehicles by providing advanced braking technologies. This advancement promotes innovation, resulting in more efficient systems that enhance braking performance and shorten stopping distances. In 2021, China’s Ministry of Industry and Information Technology reported vehicle sales exceeding 26 million units, with 21.48 million being passenger vehicles, marking a 7.1% increase from the previous year.

Latin America Anti-lock Braking System (ABS) Market Analysis

Key markets in the region include Brazil, Mexico, and Argentina, where there is significant demand for the anti-lock braking system (ABS) market. With the growth of the automotive industry in Latin America, the demand for ABS is expected to rise, benefiting both manufacturers and consumers. Moreover, the cost of ABS technology has decreased, making it more accessible across different vehicles. In February 2024, the Commercial Vehicle Safety Alliance (CVSA) held the International Roadcheck from May 16-18, concentrating on anti-lock braking systems (ABS) and cargo securement, inspecting commercial vehicles in Mexico.

Middle East and Africa Anti-lock Braking System (ABS) Market Driving Factors

The African anti-lock braking system (ABS) market is growing, especially in Niger, Chad, Egypt, Ethiopia, and Morocco. The rising demand for ABS allows manufacturers to invest in cutting-edge technologies, driving growth in the automotive sector. This expansion also boosts economic development in Africa, generating jobs and supporting local economies. In March 2024, an African automotive consortium launched a new ABS aimed at improving safety features in budget vehicles throughout the continent.

Innovative Startups in the Anti-lock Braking System (ABS) Market

Innovative startups in the anti-lock braking system (ABS) market bring numerous benefits that enhance braking technology and vehicle safety. They focus on advanced technologies like sensors and machine learning, leading to more efficient ABS solutions. Startups develop cost-effective systems, making safety features accessible to a wider range of vehicles. They offer customised solutions, operate with agility, and prioritise sustainability. Collaborations with manufacturers and tech firms foster innovation, while advanced data analytics improve vehicle stability. By being attuned to consumer preferences, startups drive demand for enhanced safety features, playing a vital role in the future of ABS technology in the automotive industry.

BrakeTech Innovations (September 2024): Specialising in intelligent ABS solutions, BrakeTech utilises IoT and AI to improve real-time vehicle monitoring. Their technology adjusts braking performance based on environmental conditions, thereby enhancing safety and efficiency for both two-wheelers and passenger vehicles.

SafeBrake Systems (August 2024): SafeBrake is dedicated to creating eco-friendly ABS components from sustainable materials. Their latest product features advanced sensor technology combined with a modular design, simplifying integration into existing vehicle systems while minimising carbon footprints.

Competitive Landscape

The anti-lock braking system (ABS) market key players are prominent global automotive manufacturers known for their dedication to innovation, quality, and sustainability. They produce a diverse array of vehicles, including sedans, SUVs, and electric models, addressing various consumer demands. Hyundai is acknowledged for its investment in advanced technologies, such as smart mobility solutions and eco-friendly vehicles, showcasing a strong commitment to environmental responsibility. With a solid global presence, they continue to grow their market share while focusing on customer satisfaction and safety through cutting-edge features, including advanced driver assistance systems and anti-lock braking systems.

Key Industry Players

Robert Bosch GmbH: Founded in 1886 and headquartered in Stuttgart, Germany, Robert Bosch GmbH is a leading global supplier of automotive components, including anti-lock braking systems (ABS). The company focuses on innovation and technology, enhancing vehicle safety and performance through advanced engineering and a commitment to sustainability.

Continental AG: Established in 1871 and based in Hanover, Germany, Continental AG is a prominent automotive supplier known for its cutting-edge technologies. The company develops a range of products, including ABS and other braking systems, prioritising safety, efficiency, and environmental responsibility in its automotive solutions.

Delphi Automotive PLC: Founded in 1994 and headquartered in London, UK, Delphi Automotive PLC is a key player in the automotive industry, specialising in electronic and safety technologies. The company offers a wide array of products, including advanced ABS systems, focusing on innovation to enhance vehicle performance and safety.

Hitachi, Ltd.: Established in 1910 and based in Tokyo, Japan, Hitachi, Ltd. is a multinational conglomerate involved in various sectors, including automotive systems. The company produces advanced ABS technologies, emphasising safety, reliability, and efficiency in automotive braking systems, while continually investing in research and development.

Other market key players in the anti-lock braking system (abs) market report are ZF Friedrichshafen AG, Nissan Motor Limited., Hyundai Motor Company, Autoliv Inc., HL Mando Corp. and BWI Group among others.

Recent Development

May 2024

Kawasaki revealed its newest motorcycle equipped with advanced ABS technology, specifically engineered to improve stability, and prevent wheel lock-up. This system is intended to enhance rider confidence across a range of terrains.

September 2023

MAN launched its latest anti-lock braking system specifically designed for commercial vehicles, with the goal of maximising safety and reliability in diverse driving conditions. This innovation aims to enhance stopping performance for heavy-duty operations.