Anti-Lock Braking System Market worth $34 Billion and Electronic Stability Control System Market worth $42 Billion by 2019 - Report by MarketsandMarkets
Dallas, TX (PRWEB) November 29, 2014 -- The research report about “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 ABS and ESC systems market in terms of volume and value.
The Automotive Anti-Lock Braking System (ABS) market size, in terms of value, is projected to grow at a promising CAGR of 8.6% to reach $34 billion in 2019.
For more Inquiry:
http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=190401943
Browse 83 market data tables with 137 figures spread through 250 pages and in-depth TOC on "Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market - Trends and Forecasts 2014 - 2019".
http://www.marketsandmarkets.com/Market-Reports/anti-lock-braking-electronic-stability-control-system-market-190401943.html
The Automotive Electronic Stability Control System (ESC) market size, in terms of value, is projected to grow at a promising CAGR of 10.9% to reach $42 billion in 2019.
Asia-Pacific is considered to be the growing market for Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) systems
The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as adaptation of safety regulations by governments/agencies, and the increase in vehicle sales & safety installations per vehicle are accelerating the demand for ABS and ESC systems. Suppliers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Hitachi Automotive, Ltd. (Japan), LG Innotek (South Korea), are some of the dominant players in this region that are anticipated to drive the demand for the ABS and ESC systems.
Europe is the established market for Automotive Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) system
In 2009, Europe experienced an economic downturn that affected many industries within the region, and is currently in its recovery phase. As such, the Automotive Anti Lock Braking System Market and ESC System Market is projected to show a stable growth rate for the period under study. Europe is a major market for Automotive ABS and ESC systems and home to a number of automotive safety system suppliers such as Autoliv, Inc., Robert Bosch, and Continental AG.
Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) system shows healthy growth rate in the Americas
The Americas comprises of the U.S., Mexico, Brazil, and Canada, among others. Mexico and Brazil are the emerging economies in this segment. The United States New Car Assessment Program (US NCAP) is a flagship consumer information program by the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA). In the coming years, US NCAP will adjust its rating system to reflect improvements in the safety features of U.S. vehicles. This will make it more stringent for a vehicle to achieve top ratings, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the ABS and ESC Systems Market. Automotive safety systems suppliers such as TRW Automotive Holdings Corp. (U.S.), Autoliv, and Continental AG have a major presence in the Americas.
Speak to Analyst:
http://www.marketsandmarkets.com/speaktoanalyst.asp?id=190401943
The report classifies and defines the Automotive ABS and ESC systems market in terms of volume and value, and provides qualitative and quantitative insights on the automotive ABS and ESC systems. It also gives a comprehensive review of market drivers, restraints, opportunities, challenges and key issues in the Automotive ABS and ESC Systems Market. The key players in this market have also been identified and profiled.
The report covers the Automotive ABS and ESC Systems Market in terms of volume and value. The market size, from 2011 to 2019 with regard to volume, is provided in terms of thousand units, whereas the value of the market is provided in terms of USD million. The ABS and ESC Systems Market is broadly classified by geography (Asia-Pacific, Europe, North America and ROW), focusing on key countries in each region.
Browse related reports
Automotive Steering Systems Market by Vehicle Type (Passenger Car, LCV, & HCV), System Type (Manual, HPS, EHPS & EPS), Safety Features (With ABS/ESP & Without ABS/ESP), & Geography - Industry Trends & Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/automobile-steering-systems-market-940.html
Passenger Car Sensors Market by Application (Powertrain/Drivetrain, Exhaust, Interior/Comfort, DAS, & Body Control), by Sensor Type (Pressure, Temperature, Speed, O2/NOx, Position, & Others) & by Geography - Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/passenger-car-sensors-market-88664120.html
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article