Stringent regulations drive the growth of ABS and ECS market

MUMBAI, India - May 26, 2015 - PRLog -- Few of the major factors that are driving the demand for automotive anti-lock braking system and electronic stability control systems are stringent regulatory norms, increased safety norms, technological advancements, affordability and institutions such as New Car Assessment Program (NCAP) that awards safety ratings to cars based on their performance. In the upcoming years, the increased demand for luxury cars in regions such as Europe and Asia-Pacific, mainly in India, China and Japan, is expected to boost the market’s growth. Sustainable growth in electronic stability control system and anti-lock braking system market will also depend on upcoming legislations in various countries. While ABS and ESC systems are mandatory in developed countries, various legislations in developing countries are rapidly catching up creating high growth opportunities for key market players.

This report, Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market For Passenger Cars - by Geography - Trends and Forecasts 2014 – 2019, classifies and defines the automotive electronic stability control system and anti lock braking system market in terms of volume and value. This report provides comprehensive analysis and insights on the ABS and ESC systems (both - qualitative and quantitative). The report highlights potential growth opportunities in the coming years as well as it covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to automotive active safety systems market. The key players in the automotive ABS and ESC systems market have also been identified and profiled.

Asia-Pacific region considered a growing market

The Asia Pacific region includes developing countries such as China, India and Thailand. Major factors like adoption of safety regulations by government/agencies, increase in vehicle sales and safety installations per vehicle are boosting the demand for ABS and ESC systems. The major players of this region include Robert Bosch GmbH (Germany), Continental AG (Germany), Hitachi Automotive Ltd. (Japan), and LG Innotek (South Korea).

Established market in Europe

After recovering from the economic downturn of 2009, the European region is expected to record a stable growth in ABS and ESC market, especially during the forecast period. The major players of the market include Autoliv Inc., Robert Bosch, and Continental AG.

The Americas expected to record healthy growth rate

The Americas comprise of US, Mexico, Brazil and Canada among others. Mexico and Brazil is considered to be an emerging market in this segment. However, the recent stringent rating systems by the United States New Car Assessment Program (US NCAP) by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) is expected to reflect on safety features of the US vehicles boosting the growth of the market. This is bound to make the vehicle manufacturers to produce vehicles that employ such safety measures. This is in turn expected to affect the ABS and ECS market positively. The key players of the region include TRW Automotive Holdings Corp. (U.S.), Autoliv, and Continental AG.

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