According to a market report by Lucintel, the future of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market looks promising with opportunities in the passenger car and commercial vehicle segments. The automotive anti lock braking system (ABS) and electronic stability control (ESC) system market is expected to grow with a CAGR of 8% from 2019 to 2024. The major drivers for this market are government legislations, new car assessment program, focus on occupant safety, buyer’s preferences for safety technologies, and increasing number of auto collision.

Sensors, ECU, and hydraulic unit are the major sub-system segments of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market.
Asia Pacific will remain the largest region over the forecast period due to the adaptation of safety regulations by governments/agencies, increase in vehicle sales, and safety installations per vehicle, which are accelerating the demand for ABS and ESC systems.
Robert Bosch, Autoliv, TRW Automotive, Delphi Automotive, Denso Corporation, Continental, and Hyundai Mobis are among the major manufacturers of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market by sub-systems, by vehicle, and by region. Lucintel has prepared a comprehensive research report titled " Automotive Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market by sub-systems, by vehicle type, and by region as follows:
By Sub-Systems [$M shipment analysis for 2013 – 2024]:

• Sensors
• ECU
• Hydraulic Unit

By End Use [$M shipment analysis for 2013 – 2024]:

• Passenger Car
o Small cars
o Compact cars
o Mid-Sized cars
o Luxury cars
o SUVs & Crossovers
• Light Commercial Vehicle

By Region [$M shipment analysis for 2013 – 2024]:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o Russia
o France
o United Kingdom
o Italy
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
• The Rest of the World
o Brazil
o Turkey

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market by sub-systems (sensors, ECU, and hydraulic unit), by vehicle type (small car, compact car, mid-size car, Large Car, SUVs & Crossovers, and light commercial vehicles), and by region (North America, Europe, Asia-Pacific, and Rest of Asia-Pacific)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market?
Q.5 What are the business risks and threats to the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market?
Q.6 What are emerging trends in this automotive anti lock braking system (ABS) and electronic stability control (ESC) system market and the reasons behind them?
Q.7 What are some changing demands of customers in automotive the anti lock braking system (ABS) and electronic stability control (ESC) system market?
Q.8 What are the new developments in the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market? Which companies are leading these developments?
Q.9 Who are the major players in this automotive anti lock braking system (ABS) and electronic stability control (ESC) system market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this automotive anti lock braking system (ABS)and electronic stability control (ESC) system area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11What M & A activities have taken place in the last 5 years in this, automotive anti lock braking system (ABS) and electronic stability control (ESC) system market?