Automotive Anti-Lock Braking System Market Size, Share, Opportunities, And Trends By Vehicle Type (Motorcycles, Commercial Vehicle, Passenger Cars), And By Geography - Forecasts From 2024 To 2029

An automotive anti-lock braking system is a safety feature that prevents the wheels of a vehicle from locking up under harsh braking conditions or an emergency and panic situation. This system is installed to enhance the safety of the driver in cases of emergency on the road and is widely adopted among major car manufacturers as customers are now more safety conscious in the modern day. This automotive anti-locking braking system is an automated process that works on the principles of cadence braking and threshold braking. 

The anti-lock brake system monitors wheel speed using solenoid valves and computer sensors. It releases enough braking force to maintain traction with the road surface when it senses that the wheels are about to lock during an emergency braking situation. Moreover, the anti-lock braking system works by rapidly applying and releasing the brakes to automatically keep the tires from skidding when they detect the tires beginning to lock up. The driver needs to continue to firmly press and hold the brake and then steer to safety in case the driver feels or hears the anti-lock braking system vibrating.

INTRODUCTION:

The automotive anti-lock braking system market is driven majorly by the increasing demand for a safe, comfortable, and risk-free experience in vehicles for the general public who drive passenger and commercial vehicles. Therefore, constant developments and innovations are being made to enhance the safety features installed and the anti-lock brake system makes it possible. A rise in demand and sales for vehicles worldwide for the growing population and increasing disposable income with better safety features and performance capabilities are also fueling the market growth.

These high-safety features vehicles have grown in popularity with the rise in awareness among people to check safety features before purchasing any vehicle. This makes major automobile manufacturers spend money on enhancing safety features in new models of vehicles, like automotive anti-lock braking systems, which can prevent road accidents and will grow in demand with rising awareness for safety features.

The widespread adoption of mandates for safety features in vehicles by several governments across the globe has made major vehicle manufacturers integrate these safety features in vehicles and do research and development to enhance these safety features. The adoption of enhanced safety features to manufacture vehicles is driving the automotive anti-lock braking system market growth.

The constant advancement in improving features and technology for enhanced safety features is also contributing to market growth. For instance, the automotive anti-lock braking system has computer sensors that monitor wheel speed using solenoid valves. This releases enough braking force to maintain traction with the road surface when it senses that the wheels are about to lock during an emergency braking situation.

MARKET DRIVERS:

• Growth in demand for advanced safety features in vehicles is predicted to propel the market:

The demand for improved safety features has seen rapid market growth. These features reduce road accidents, provide drivers with enhanced safety and comfort, and make vehicles more trustworthy. The general public is promoting this due to the growth in awareness to check the safety features in vehicles before purchasing them worldwide, and these safety features are being adopted and integrated by many major vehicle manufacturers.

This, in turn, is increasing the demand for appropriate safety features like automotive anti-lock braking systems that are suitable for providing safety to drivers during harsh or emergency conditions on the road while driving the vehicle. These anti-lock braking systems can sense that the wheels are about to lock during an emergency braking situation and release enough braking force to maintain traction with the road surface which significantly reduces any chance of road accidents and can save any trouble from happening. Therefore, the growing demand for advanced safety features to avoid road accidents is anticipated to fuel the automotive anti-lock braking system market.

• The growing mandates for safety features by governments around the globe are projected to drive the market.

Governments worldwide are promoting safety features for drivers, heavily in the automotive industry, to build safer and more reliable vehicles suitable for modern-day roads and drivers, given the growing number of road accidents worldwide. These promotions are done by making certain mandates and policies regarding safety features in vehicles, which are to be followed by every car manufacturer worldwide.

This is rapidly increasing the integration of safety features by manufacturers around the world which in turn is raising the demand for suitable automotive anti-lock braking systems to improve the brakes of the vehicle and enhance the overall safety of the vehicle. Therefore, this growth in mandates for enhancing safety features and reducing road accidents is proportionally growing the demand for automotive anti-lock braking systems.

• The technological innovation for safety features in the automotive industry is anticipated to propel growth in the market.

The technological development in the braking systems is being made for two-wheeler vehicles to enhance safety. In Asian countries like India, Vietnam, and others, the demand and sales of two-wheelers are rising significantly, which makes advanced braking system development necessary for these vehicles. Therefore, the need for anti-lock braking systems is on the rise with the growth in demand for two-wheelers and with the development of necessary advanced braking systems for them.

MARKET RESTRAINT:

The automotive anti-lock braking systems are advanced and efficient for automobile safety features. Therefore, the cost of high-maintenance components required to make an efficient anti-lock braking system is significantly high and not simply affordable for several manufacturers. The average cost needed to install and maintain the automotive anti-lock braking system is very high and drives the manufacturers towards loss and is not practically efficient for them to install in the vehicles they manufacture.

The need for skillful labor and the cost to keep that labor also make it even more expensive to install these advanced braking systems into vehicles. The electronic control module needed for the automotive anti-lock braking system is not easily available in the market and is possible to hinder the market growth over the forecast period.

Prominent growth is projected in the Asia Pacific region.

Asia Pacific region is expected to show major growth in the automotive anti-lock braking system market due to the rapid growth in the automobile industry in the region coupled with the rising population in developing countries like China and India is rapidly increasing the demand for high safety and reliable automobiles in the region that are necessary for meeting the rising demand. The sales of automobiles have shown significant growth in the region in recent years which is also anticipated to positively impact the market.

Countries like China have a major manufacturing hub for passenger and commercial vehicles, and they all need advanced braking systems to propel the market in the region. Moreover, the region's major manufacturers, like TATA, Toyota, Honda, and Suzuki, are more focused on improving the anti-lock braking system to gain an edge over competitors, and this is predicted to fuel the market over the forecast period.

Products Offered by Key Companies:

• Bosch Mobility: Antilock braking system offered by Bosch Mobility has a wide range of models, from small bikes to high-performance bikes. It was specially designed for the braking characteristics of two-wheelers.
• Hitachi Astemo: The Antilock Braking Sensor or Wheel Speed Sensor by Hitachi Astemo has precise monitoring of the wheels' speed and rotation to avoid brake lock-up and skidding in dangerous situations.

Key Developments:

• In November 2022, Ultraviolette Automotive Pvt. Ltd has collaborated with Bosch India to launch India’s first electric two-wheeler with dual channel anti-lock braking system.

Segmentation

• By Vehicle Type
  • Motorcycles
  • Commercial Vehicle
  • Passenger Cars
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others 
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others 
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others 
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others