The global automotive ABS and EPB sensor cable market size will grow by USD 1.47 billion during 2019-2023. This market report provides a detailed analysis of the market by product (ABS and EPB) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including COFICAB, Furukawa Electric Co. Ltd., Hitachi Ltd., KYUNGSHIN Co. Ltd., Leoni AG, LS Cable & System Ltd., Prysmian Spa, Sumitomo Electric Industries Ltd., TE Connectivity Corp., and Yazaki Corp.
Key Insights on Automotive ABS and EPB Sensor Cable Market - Global Forecast 2019-2023
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Industry Overview
Automotive OEMs are increasingly incorporating advanced safety systems in vehicles as automotive safety has become the most crucial parameter in vehicle design and development. Passive safety systems such as seat belts with pretensioners, frontal airbags, and anti-lock braking systems have now become standard fitments in most passenger vehicles across the world and most of the ABS comes with electronic brake distribution (EBD) systems. The adoption of such systems is increasing the demand for sensors, sensor cables (ABS and EPB), and control units among automotive and automotive parts manufacturers. This will contribute to global automotive ABS and EPB sensor cable market growth during 2019-2023.
As ABS and EPB are standard features in current vehicles, their cables require constant upgrading. Therefore, vendors are constantly enhancing their products in terms of efficiency, downtime, and flexibility to improve sales. In line with this, they are adopting advanced manufacturing techniques for automotive sensor cables and assemblies. This is expected to contribute to automotive ABS and electric park brakes (EPB) sensor cable market growth during 2019-2023. Prominent vendors have been using advanced automation and robotics technologies. Few vendors are also using different simulation techniques to obtain minimum error probability. This automotive ABS and EPB sensor cable market analysis predicts that as a result of these factors, the market will register a CAGR of almost 7% during the forecast period.
Top Companies in Automotive ABS and EPB Sensor Cable Market
The global market is concentrated. To help clients improve their market positions, this automotive ABS and EPB sensor cable market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This report also includes information on the upcoming automotive ABS and EPB sensor cable market trends and challenges that will influence market growth. This will help companies in creating strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading automotive ABS and EPB sensor cables manufacturers, including:
- COFICAB
- Furukawa Electric Co. Ltd.
- Hitachi Ltd.
- KYUNGSHIN Co. Ltd.
- Leoni AG
- LS Cable & System Ltd.
- Prysmian Spa
- Sumitomo Electric Industries Ltd.
- TE Connectivity Corp.
- Yazaki Corp.
Market Segmentation
Automotive ABS and EPB Sensor Cable Market by Product
- ABS
- EPB
The ABS segment held the largest market share in 2018. The segment will account for the highest automotive ABS and EPB sensor cable market share over the forecast period as well. The rising regulatory norms related to safety systems in passenger vehicles and significantly growing passenger vehicles segment will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive ABS and EPB sensor cable market size.
Automotive ABS and EPB Sensor Cable by Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the highest share of the automotive ABS and EPB sensor cable market throughout the forecast period. The presence of stringent safety norms in China, Japan, South Korea, Australia, and Thailand is a major factor contributing to automotive ABS and EPB sensor cable industry growth in this region.
Major Highlights of the Automotive ABS and EPB Sensor Cable Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive ABS and EPB sensor cable market during the next five years
- Precise estimation of the global automotive ABS and EPB sensor cable market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive ABS and EPB sensor cable industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of automotive ABS and EPB sensor cable companies
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