Automotive Anti Lock Braking System And Electronic Stability Control Market Trends

Statistics for the 2023 & 2024 Automotive Anti Lock Braking System And Electronic Stability Control market trends, created by Mordor Intelligence™ Industry Reports. Automotive Anti Lock Braking System And Electronic Stability Control trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Automotive Anti Lock Braking System And Electronic Stability Control Industry

Government Regulations Likely to Drive Adoption of ABS in Passenger Cars

Due to the rising number of motor vehicles worldwide, there has been a significant increase in road accidents globally. For instance,

  • In July 2023, the production of anti-lock braking systems (ABS) and electronic stability control systems (ESP) for passenger cars commenced at the Itelma LLC facility in Kostroma, making it the first such facility in Russia. The regional administration's press service informed Interfax about this development.

A new workshop equipped with a fully automated production line has been constructed to facilitate this project. Itelma LLC is also licensed to manufacture ABS and ESP systems locally. Notably, the entire project is commercially driven, with no reliance on subsidies or government funds. The production capacity aims to achieve an annual output of 850,000 units of domestic ABS and ESP systems, with the potential for expansion to 1.2 million units.

The automotive anti-lock braking system market is primarily driven by the growing demand for vehicle safety and control systems in automobiles, such as anti-lock brakes (ABS). Also, strict regulations dictating safety standards and the launch of various programs highlighting the importance of vehicle safety have fuelled market expansion.

All new passenger cars must be equipped with ABS since 2004 in Europe. The United States took nearly a decade to mandate ABS in all new passenger cars. The National Highway Traffic Safety Administration (NHTSA) mandated ABS in conjunction with Electronic Stability Control (ESC) under the provisions of the March 2007 Federal Motor Vehicle Safety Standard (FMVSS) No. 126.

The increasing safety standards in the global automotive industry are driving developing countries to follow their developed counterparts, where new passenger cars are sold with ABS as a standard feature. The Ministry of Road Transport and Highways (MoRTH) in India notified that ABS is mandatory for all new passenger cars and two-wheelers. In 2022, nearly 92% of the passenger cars sold had been equipped with ABS, owing to the compulsory ABS rule in countries like Japan and Brazil.

Considering the strict rules and regulations implemented by the governments of almost all the countries will drive the market in the future.

Automotive Anti-lock Braking System (ABS) Market : Worldwide passenger car sales from 2016 to 2022 (in million units)

Government Regulations Across the World are Driving the ABS Market

The increasing rate of accidents and the continuous efforts of governments worldwide to reduce the number of casualties is a significant driver for the anti-lock braking systems market.

Asia-Pacific is one of the fastest-growing markets globally. The increasing demand for the region's anti-lock braking system (ABS) is supported by increased road safety rules, ensuring all new vehicles are equipped with ABS. For instance,

  • The Indian government has mandated that all cars and mini-buses install an anti-lock braking system (ABS). According to the Road Transport Ministry, all new vehicles must comply with the norms from April 2018 onward. Similarly, all new cars of the existing models will have to install the ABS. Moreover, ABS will be mandatory for two-wheelers with more than a 125cc engine.
  • Under Regulation (EU) No. 168/2013, motorcycles in the L3e-A1 subcategory must be fitted with an advanced braking system consisting of either an anti-lock braking system (ABS) or a combined braking system (CBS) or both at the discretion of the manufacturer.

The National Transportation Safety Board (NTSB) promotes anti-lock brakes in the manufacturing process of motorcycles in the United States. The NTSB does not have the right to create laws, so it aims to persuade the NHTSA, an organization responsible for introducing and enforcing road safety rules. The Insurance Institute for Highway Safety found that motorcycles with anti-lock brakes have a 31% lower crash rate than bikes without the feature.

The European Union parliament mandated that anti-lock braking systems be the standard equipment for motorcycles built in 2016. The Insurance Institute of Highway Safety reported that 8.9% of registered motorcycles were required to have anti-lock brake systems in 2017. This number has increased steadily since 2002, when anti-lock brake technology was considered standard equipment on only 0.2% of motorcycles.

The anti-lock brake system (ABS) market is anticipated to grow during the forecast period. Developed and developing countries are making the anti-lock braking system (ABS) mandatory for four-wheelers and two-wheelers to reduce the number of casualties.

Automotive Anti-lock Braking System Market - Growth Rate by Region, 2023-2028

Automotive Anti-lock Braking System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)