LONDON, February 25, 2016 /PRNewswire/ --
ABS volume is set to grow by 66% to nearly 119 million units by 2030 - a CAGR of 3.4% - according to just-auto's QUBE analysts.
Despite being a mature technology with limited opportunities for market penetration expansion, ABS is still expected still to grow faster than the expected overall total industry volume (TIV) growth, a CAGR of 2.6%, between 2015 and 2030.
Calum MacRae, just-auto's Director of Product Development, said: "While brake foundation technologies, such as friction materials and calipers, have improved in recent years the real advances in automotive light vehicle braking technology have come from the introduction of electronic controls.
"Most obviously this can be seen with the auto industry's widespread adoption of ABS, to a level where penetration of the technology stood at 82% in 2015."
If the continued upside for ABS is surprising, less surprising will be just-auto's upbeat prognosis for electronic stability control (ESC) and autonomous emergency braking (AEB) systems that sit within the electronic braking sector.
For ESC, just-auto's QUBE analysts see penetration moving from nearly 59% to some 78% by 2030, giving a volume CAGR of 4.5% as over 100 million ESC systems are forecast to be fitted by 2030.
With AEB, a technology positioned on the autonomous vehicle's development roadmap, the just-auto analysts see fitment increasing from 4% globally in 2015 to nearly 18% by 2030. With system volume of 23 million forecast for 2030 this gives the technology a CAGR of 13.4%.
For ESC systems there's potential for their outlook to be even brighter due to changes in the Euro NCAP assessment programme. From 2016, it will not be possible for vehicles to achieve an NCAP 5-star rating without the fitment of a lane departure warning system and/or AEB.
About just-auto and QUBE
just-auto.com exists to provide news, analysis and market intelligence to support the automotive industry. We are driven by a passion for an industry with a global turnover of €3 trillion that directly and indirectly supports 60 million jobs. We offer an independent voice with a global remit, championing automotive best practice wherever we find it.
In 2011 just-auto launched QUBE, the automotive database for the auto industry. Supported by a team of experienced automotive analysts, QUBE serves the automotive supply chain, providing them with OEM and supplier automotive competitive analysis, component sector forecasts, and automotive technology intelligence.
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SOURCE just-auto.com / QUBE