Global Automotive Anti-Lock Braking System and Electronic Stability Control Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Automotive Anti-Lock Braking System and Electronic Stability Control Market is estimated to be USD 71.84 Bn in 2023 and is expected to reach USD 98.48 Bn by 2028 growing at a CAGR of 6.51%.

The Automotive Anti-Lock Braking System (ABS) and Electronic Stability Control (ESC) represent two of the most significant advancements in vehicle safety and control systems in the modern automotive industry. These technologies have revolutionized the way vehicles handle, brake, and ultimately, ensure the safety of both drivers and passengers. First introduced in the 1970s, ABS prevents wheel lock-up during hard braking, allowing drivers to maintain steering control even in adverse conditions. Meanwhile, developed later, ESC provides enhanced stability by selectively applying individual brakes and adjusting engine power to prevent skidding or loss of control during sudden maneuvers.

Market Segmentations

• The Global Automotive Anti-Lock Braking System and Electronic Stability Control Market is segmented based on Type, Vehicle Type, and Geography.
• Automotive ABS and ESC Market, By Technology: Three-Channel Antilock Braking System: The three-channel ABS technology is a system where three of the vehicle's wheels are equipped with ABS, typically the two front wheels and one of the rear wheels. This technology helps prevent wheel lock-up during braking and is often found in older vehicles. The four-channel ABS technology is more advanced, individually featuring ABS on all four wheels. This precise control over each wheel's braking allows for superior stability and steering control, making it the standard in modern vehicles. ESC is a sophisticated technology that builds upon ABS. It utilizes various sensors and control mechanisms to enhance vehicle stability by selectively applying the brakes to specific wheels and reducing engine power when a loss of control is detected.

Recent Development

• Continental AG announces that it has developed a new ABS that can improve fuel efficiency by up to 5%. - January 2023

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Advics Co., Ltd., Aisin Corporation, Autoliv Inc., BMW Group, Continental AG, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Automotive Anti-Lock Braking System and Electronic Stability Control Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Automotive Anti-Lock Braking System and Electronic Stability Control Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Anti-Lock Braking System and Electronic Stability Control Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market