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LAMEA Anti-Lock Braking System Market Size is estimated to witness a growth of 11.4% CAGR during 2016-2022.
Anti-lock braking system (ABS) is the technology, which acts as a safety system and is a great technology that minimizes accidents as it offers better road grip. ABS is designed to interpret inputs from the driver in the instances of braking to maintain traction, and as a result prevent wheels from locking up and provide better road grip. Better level of vehicle control is a direct benefit of ABS and to add to it, on loose gravel ground instances or snow-covered surfaces, ABS can significantly improve vehicle control and maneuverability. The automotive industry is named among the most attractive sectors globally. The sector has evolved over time and stood the test of time. Comfort driving has been in demand since the last decade and this trend is gaining prominence due to growing purchasing power among the consumers.
The report highlights the adoption of Anti-lock Braking System (ABS). Based on Sub System Type, the LAMEA Anti-lock Braking System (ABS) market is bifurcated into Sensor, Electronic Control Unit segment and Hydraulic Unit. Based on Vehicle Type, the LAMEA Anti-lock Braking System (ABS) market is bifurcated into Passenger Cars, Commercial Vehicles and Motor Cycle. Based on Country, LAMEA Anti-Lock Braking System (ABS) Market is Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Brazil remained the dominant Country in the LAMEA Anti-Lock Braking System (ABS) Market (ADAS) market in 2015. Nigeria would witness highest CAGR during the forecast period (2016-2022).
The report covers the analysis of key stakeholders of the Anti-Lock Braking System (ABS) Market. Key companies profiled in the report include Magna International, Inc., Autoliv Inc., Continental AG, Denso Corporation, Valeo S.A., Robert Bosch GmbH, Ford Motor Company and BMW AG.