Automotive Anti-Lock Braking System (ABS): The market size, in terms of value, is projected to grow at a promising CAGR of 8.6% to reach $34 billion in 2019.
Dallas, TX -- (SBWIRE) -- 09/16/2014 -- The report “Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market For Passenger Cars - by Geography - Trends and Forecasts 2014 - 2019”, classifies and defines the automotive ABS and ESC systems market in terms of volume and value The report highlights potential growth opportunities in the coming years as well as covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects w.r.t. automotive active safety systems market
Browse 83 market data tables with 137 figures spread through 250 pages and in-depth TOC on "Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market For Passenger Cars - Trends and Forecasts 2014 - 2019".
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Asia-Pacific: Growing market for Anti-Lock Braking System (ABS) and Electronic Stability Control (ESC) systems
The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as adaptation of safety regulations by governments/agencies, and the increase in vehicle sales & safety installations per vehicle are accelerating the demand for ABS and ESC systems. Suppliers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Hitachi Automotive, Ltd. (Japan), LG Innotek (South Korea), are some of the dominant players in this region that are anticipated to drive the demand for the ABS and ESC systems.
Europe: Established market for automotiveAnti-Lock Braking System (ABS) and Electronic Stability Control (ESC) system
In 2009, Europe experienced an economic downturn that affected many industries within the region, and is currently in its recovery phase. As such, the automotive ABS and ESC system market is projected to show a stable growth rate for the period under study. Europe is a major market for automotive ABS and ESC systems and home to a number of automotive safety system suppliers such as Autoliv, Inc., Robert Bosch, and Continental AG.
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The Americas: Anti-Lock Braking System (ABS) and Electronic Stability Control (ESC) system shows healthy growth rate
The Americas comprises of the U.S., Mexico, Brazil, and Canada, among others. Mexico and Brazil are the emerging economies in this segment. The United States New Car Assessment Program (US NCAP) is a flagship consumer information program by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA). In the coming years,US NCAP will adjust its rating system to reflect improvements in the safety features of U.S. vehicles. This will make it more stringent for a vehicle to achieve top ratings, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the ABS and ESC systems market. Automotive safety systems suppliers such as TRW Automotive Holdings Corp. (U.S.), Autoliv, and Continental AG have a major presence in the Americas.
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