Automotive Anti-Lock Braking System Market, Forecast 2024-2032
The Automotive Anti-Lock Braking System Market size was valued at USD 50 Million Units in 2023 and is projected to reach USD 190 Million Units by 2032, exhibiting a CAGR of 14.73 % during the forecast period. Automotive anti-lock braking systems are essential because they save lives; they are required by law; and, last, but not least, because they help to have better control of what the car is doing. ABS makes wheel lock-up during braking to be less occurring and the steering to be more likely while the braking distances are likely to be shorter during slippery surfaces. They are used in several types of automobiles and the best ABS systems are employed. Hydraulic brake boosters in ABS technology use sensors and hydraulic modulators to monitor and manage booster pressure. Some of the advantages that can be associated with it include the deterioration of accidents and the rate of fatalities. The benefits include better vehicle control, better feel of the brakes, and meeting safety requirements all making ABS one of the important safety components in today’s vehicles.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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