Marketing Research and Analysis

Anti-lock Braking System Market by Sub System (Sensors, Electronic Control Unit {ECU}, Hydraulic Unit), and By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Industry trends, estimation & forecast, 2016 2024 Anti-lock Braking System Market is expected to reach $44.5 billion by 2024 with emerging CAGR of 7.1 %. The passenger car market segment is expected to drive the global Anti-lock braking system market for further growth. Anti-lock braking system (ABS) is an advanced braking system for automobiles which prevents skidding of vehicles by performing sequential braking controlled by a microcontroller. The microcontroller is fed by real-time data regarding the vehicle such as, speed and momentum of the vehicle. Maintaining the steering ability over the wet and rough surface is the most important function of the ABS. ABS can be used in traditional as well as electric vehicles. Leading automobile manufacturers are introducing ABS to their entry level ...