ABS does not help in shortening the stopping distance and may lead to vibration or push back of the pedal. It aids in preventing wheel locking so that the driver can potentially steer to safety. Innovation S-curve for the automotive industryĪnti-lock braking system (ABS) is a key innovation area in automotiveĪnti-lock braking systems (ABS) assist in steering by creating improved traction in an emergency stop. Among maturing innovation areas are tyre bead fillers and vehicle turbochargers, which are now well established in the industry. Bio-fuel ICEs, electromagnetic valve actuators, and road friction estimation are some of the accelerating innovation areas, where adoption has been steadily increasing. Within the emerging innovation stage, eccentric crankshaft gears, retarder brake system, and closed-circuit liquid cooling are disruptive technologies that are in the early stages of application and should be tracked closely. Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.Ģ90+ innovations will shape the automotive industryĪccording to GlobalData’s Technology Foresights, which plots the S-curve for the automotive industry using innovation intensity models built on over 619,000 patents, there are 290+ innovation areas that will shape the future of the industry. The market in Europe is expected to grow at a higher growth rate over the forecast period owing to the presence of a large number of automotive manufacturers, along with incorporating vehicle safety systems such as ABS, chassis control, Electric Stability Control (ESC), and driver assistance systems in the region.Toyota Motor Corp Honda Motor Co Ltd Hyundai Motor Co Hitachi Ltd Hitachi Astemo Americas, Inc. In addition, according to New Car Assessment Program (NCAP), ABS should be made mandatory on all two-wheelers irrespective of displacement and size after April 2019. In addition, rapid urbanization, industrialization, high disposable income, and rising standard of living of individuals in emerging countries are some of the factors contributing to growth of the automotive industry, which subsequently propel demand for the target product.įor instance, as per document released by Ministry of Road Transport & Highways (MoRTH), possibility of mandating airbag and ABS in all vehicles in India, by April 2019, which may create lucrative revenue opportunities for players operating in the target market. Heavy investments in R&D activities related to lightweight ABS and presence of major manufacturers in countries in the region, plays an important role for growth of the target market. Increasing automobile production, increasing focus on road safety, coupled with government mandating to launch vehicles equipped with ABS from emerging countries such as China and India are some of the factors expected to drive growth of the target market. The market in Asia Pacific accounts for major share in the global market in terms of revenue and is expected to maintain its dominance over the forecast period. Global Anti-Lock Braking System Market: Region Analysis Global Anti-Lock Braking System Market: Segment AnalysisĪmong the sub-systems segments, the sensors segment is expected to accounts major revenue share in the target market.Īmong the vehicle type segments, the two wheelers segment is expected to account for major revenue share, and is expected to maintain its dominance over the forecast period. Moreover, integrating ABS with other safety functions such as pressure sensors and wheel speed sensors in motorcycle, which is expected to create lucrative opportunity for growth of the target market over the forecast period. In addition, mandatory adoption of ABS and ESC systems, increasing demand for advanced safety features in vehicles, and development of advanced braking system for two-wheelers are also anticipated to bolster growth of the global market. Further, increasing incidences of road accidents and the need for safety protocols, regulations and guidelines, is expected to drive revenue growth of target market. Technological advancements, stringent safety norms, and increasing safety awareness are some major factors expected to drive revenue growth of global market over the forecast period. Global Anti-Lock Braking System Market: Dynamics This system allows the driver to maintain better control of the vehicle under hard braking and also helps to avoid accidents. Global Anti-Lock Braking System Market: OverviewĪnti-lock Braking System (ABS) also called as anti-skid braking system, is a type of an active safety system of a vehicle.
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