Anti-Lock Braking System (ABS) Market worth $34 Billion and Automotive Electronic Stability Control System Market worth $42 Billion by 2019

Automotive Anti-Lock Braking System (ABS): The market size, in terms of value, is projected to grow at a promising CAGR of 8.6% to reach $34 billion in 2019.
Automotive Electronic Stability Control System (ESC): The market size, in terms of value, is projected to grow at a promising CAGR of 10.9% to reach $42 billion in 2019.

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The automotive industry, in this era driven by hi-tech innovation, is more inclined to use advanced technologies to reduce crashes and mitigate the impact of accidents on a vehicle’s occupants. Hence, the automotive safety systems play an important role in achieving both targets.
These safety systems have evolved from anti-lock braking systems and electronic stability control to driver monitoring and similar systems. These transitions took place due to several reasons such as the increase in awareness of consumers towards safety, rating systems of organizations such as NCAP, and the highly competitive market. These factors prompted companies to invest extensively in passenger safety R&D.

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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 For Passenger Cars - by Geography - Trends and Forecasts 2014 - 2019".

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Research Methodology
• Global Electronic Stability Control System and Anti-Lock Braking System Market
• Market Crackdown and Data Triangulation
• Market Size Estimation
• Key Data Points Taken From Secondary Sources
• Key Data Points From Primary Sources
• Key Industry Insights

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Scope of the Report
The report covers the automotive electronic stability control system and anti lock braking system market in terms of volume and value. Market size in terms of volume is provided from 2011 to 2019 in thousand units, whereas the value of the market is provided in $millions. The automotive electronic stability control system and anti lock braking system market is broadly classified by geography (Asia-Pacific, Europe, North America, and RoW), focusing on key countries in each region.

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