Anti-Lock Braking System Market Value and Growth Projections: Key Insights with [8.9%] CAGR
The global Anti-Lock Braking System (ABS) market reached USD 47 billion in 2022 and is projected to grow at a CAGR of 8.9% from 2024 to 2028. This growth is being propelled by regulatory mandates, rising consumer awareness about vehicle safety, and rapid technological advancements in the automotive industry. With demand rising across both developed and developing economies, ABS has become an essential feature in modern vehicles, supporting safety and control during emergency braking situations. This report explores the critical drivers, challenges, technological developments, competitive dynamics, and regional insights that define the trajectory of the global ABS market. Introduction to Anti-Lock Braking Systems Anti-Lock Braking Systems are an integral part of modern vehicle safety technologies. Designed to prevent wheel lock-up during sudden or hard braking, ABS ensures that drivers maintain steering control, reducing the risk of skidding. By pulsating the ...