The Global Automotive Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market is Expected to Reach an Estimated $66 Billion by 2030

The Global Automotive Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market is Expected to Reach an Estimated $66 Billion by 2030

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According to a market report by Lucintel, the future of the global automotive anti lock braking system (ABS) and electronic stability control (ESC) system market looks promising with opportunities in the markets. The global automotive anti lock braking system (ABS) and electronic stability control (ESC) system market is expected to reach an estimated $66 billion by 2030 from $38 billion in 2023 at a CAGR of 8% from 2023 to 2030. The major drivers for this market are safety regulations, technological advancements, and automotive industry trends.

In this market, passenger car & light commercial vehicle are the major segments of automotive anti lock braking system (ABS) and electronic stability control (ESC) system market by end use.

Lucintel forecasts that sensor is expected to witness higher growth over the forecast period.

Within this market, passenger car is expected to witness the higher growth.

APAC is expected to witness the highest growth over the forecast period.

Robert Bosch, Autoliv, TRW Automotive, Delphi Automotive, Denso corporation, Contenental, and Hyundai Mobis are the major suppliers in the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056