Global Automotive ABS and EPB Sensor Cable Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
ABS and EPB.By Application;
Goods Car and Passenger Car.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Automotive ABS and EPB Sensor Cable Market (USD Million), 2021 - 2031
In the year 2024, the Global Automotive ABS and EPB Sensor Cable Market was valued at USD 1084.07 million. The size of this market is expected to increase to USD 1525.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.
The global automotive industry has seen significant advancements in recent years, with a particular focus on safety and performance enhancements. Within this landscape, the market for Anti-lock Braking System (ABS) and Electronic Parking Brake (EPB) sensor cables has emerged as a crucial component segment. These cables play a pivotal role in facilitating the seamless functioning of ABS and EPB systems, which are integral for vehicle stability and control. As automotive manufacturers strive to meet stringent safety standards and cater to evolving consumer preferences, the demand for high-quality sensor cables continues to rise.
One of the key drivers propelling the growth of the global automotive ABS and EPB sensor cable market is the increasing emphasis on vehicle safety features. ABS systems are designed to prevent wheels from locking up during braking, thereby enhancing control and reducing the risk of accidents, especially in adverse driving conditions. Similarly, EPB systems offer convenience and safety benefits by replacing traditional handbrakes with electronically controlled mechanisms. As these safety features become standard in modern vehicles, the demand for reliable sensor cables to support their operation surges.
Technological advancements in automotive electronics and sensor technology are fueling market growth. Manufacturers are constantly innovating to develop sensor cables that can withstand harsh environmental conditions, provide accurate data transmission, and integrate seamlessly with advanced ABS and EPB systems. Additionally, the proliferation of electric and hybrid vehicles is creating new opportunities for sensor cable suppliers, as these vehicles rely heavily on electronic braking systems for efficient performance.
Global Automotive ABS and EPB Sensor Cable Market Recent Developments
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In July 2023, Delphi Technologies introduced advanced sensor cables for ABS and EPB systems designed to enhance reliability and resistance to extreme environmental conditions in modern vehicles.
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In November 2021, Sumitomo Electric Industries expanded its sensor cable portfolio with lightweight and durable materials to align with automotive electrification trends.
Segment Analysis
The Global Automotive ABS and EPB Sensor Cable Market is segmented by product into ABS (Anti-lock Braking System) and EPB (Electronic Parking Brake), both of which play critical roles in improving vehicle safety and performance. The ABS sensor cable segment holds a significant share of the market, as ABS is a vital safety feature in modern vehicles, preventing wheel lockup during hard braking, which helps maintain steering control. These sensor cables are integral to transmitting real-time data from the wheels to the vehicle’s electronic control unit (ECU), enabling the system to apply optimal braking force. The increasing adoption of ABS systems in vehicles across all categories, driven by safety regulations and consumer demand for advanced safety features, is expected to continue boosting the ABS sensor cable market. The EPB sensor cable segment, although smaller in comparison, is growing steadily due to the rising popularity of electronic parking brake systems in both passenger and commercial vehicles. EPB systems replace the traditional mechanical parking brake with an electronic one, offering benefits like space-saving, enhanced convenience, and improved reliability. The growth of EPB systems is particularly notable in mid-to-high-end passenger vehicles, where convenience and technological sophistication are prioritized.
The Global Automotive ABS and EPB Sensor Cable Market is also segmented by application into Goods Cars and Passenger Cars. The Passenger Car segment dominates the market, driven by the widespread implementation of ABS and EPB systems in this category, as safety regulations and consumer demand for enhanced vehicle performance and convenience continue to rise. ABS and EPB sensor cables are increasingly being integrated into both budget-friendly and luxury passenger vehicles, with ABS being a standard safety feature and EPB gaining traction in more premium models for added comfort and ease of use. The Goods Car segment, which includes commercial vehicles, light trucks, and delivery vans, is also experiencing growth. In this segment, ABS is particularly important for safety, given the heavy loads that goods vehicles often carry and the increased risk of accidents. EPB sensor cables are also being adopted in certain commercial vehicles for their ability to simplify parking and improve space utilization.
The market is seeing strong growth across both goods car and passenger car applications due to increasing automotive safety standards and consumer preferences for modern features. As more vehicles are equipped with advanced safety technologies, the demand for ABS and EPB sensor cables will continue to rise, driven by regulatory pressures for safer vehicles and technological advancements in electronic braking systems. Furthermore, the expansion of electric vehicles (EVs) and hybrid vehicles, which often feature enhanced braking technologies, is expected to further contribute to the growth of the ABS and EPB sensor cable market in both vehicle categories. As automotive manufacturers continue to integrate more sophisticated systems to improve safety, performance, and convenience, the market for these sensor cables will evolve, supporting the shift toward more intelligent and efficient braking systems.
Global Automotive ABS and EPB Sensor Cable Segment Analysis
In this report, the Global Automotive ABS and EPB Sensor Cable Market has been segmented by Product, Application and Geography.
Global Automotive ABS and EPB Sensor Cable Market, Segmentation by Product
The Global Automotive ABS and EPB Sensor Cable Market has been segmented by Product into ABS and EPB.
The global automotive ABS (Anti-lock Braking System) and EPB (Electronic Parking Brake) sensor cable market has witnessed significant segmentation based on product types, primarily focusing on ABS and EPB systems. ABS, a crucial safety feature in modern vehicles, prevents wheel lock-up during braking, thus enhancing control and stability. As vehicles evolve technologically, ABS systems are becoming increasingly sophisticated, relying on sensors to monitor wheel speed and detect potential skidding. This segment of the market is characterized by a growing demand for high-quality sensor cables capable of reliably transmitting data between the ABS sensors and the vehicle's control unit.
In parallel, the EPB system, which replaces the traditional handbrake with an electronic mechanism, is gaining traction in the automotive industry. EPB offers advantages such as space-saving design, improved safety, and enhanced driver convenience. Similar to ABS, EPB relies on sensors to detect various parameters, including vehicle speed, brake pedal position, and parking brake engagement status. Consequently, the demand for sensor cables tailored to the specific requirements of EPB systems has surged, further driving the segmentation within the automotive sensor cable market.
Segmenting the market into ABS and EPB sensor cables allows manufacturers to address the distinct needs of each system effectively. ABS sensor cables, for instance, must withstand harsh operating conditions, including temperature variations and exposure to road debris, without compromising signal integrity. On the other hand, EPB sensor cables may prioritize flexibility and durability to accommodate the electronic parking brake's frequent engagement and disengagement cycles. By offering specialized solutions for ABS and EPB applications, suppliers can cater to the evolving demands of automotive OEMs striving to enhance vehicle safety, performance, and comfort.
Global Automotive ABS and EPB Sensor Cable Market, Segmentation by Application
The Global Automotive ABS and EPB Sensor Cable Market has been segmented by Application into Goods Car and Passenger Car.
The Global Automotive ABS and EPB Sensor Cable Market is segmented by application into Goods Car and Passenger Car categories, each with distinct needs and growth drivers. In the Passenger Car segment, ABS (Anti-lock Braking System) and EPB (Electronic Parking Brake) sensor cables are essential for improving vehicle safety and convenience. ABS is a critical safety feature in modern vehicles, helping prevent wheel lock-up during emergency braking, thereby enhancing vehicle stability and control. As a result, the demand for ABS sensor cables is growing in passenger cars due to regulatory mandates and increasing consumer demand for safety technologies. Additionally, the adoption of EPB systems in passenger cars is on the rise, particularly in mid-to-high-end models, offering features like improved ease of use, space savings, and modern aesthetics. The growing consumer preference for convenience and advanced safety features, along with stringent safety regulations, is expected to drive the demand for ABS and EPB sensor cables in the passenger car segment.
In the Goods Car segment, which includes light commercial vehicles, trucks, and delivery vans, the market for ABS and EPB sensor cables is also expanding. ABS is particularly crucial for goods cars, as these vehicles often carry heavier loads, which makes them more prone to accidents during hard braking. ABS sensor cables in this segment help ensure safer braking, reducing the risk of accidents and improving overall vehicle stability. The increasing adoption of safety regulations and standards in commercial vehicles, aimed at enhancing road safety, has led to a higher integration of ABS systems in goods cars. Similarly, the use of EPB systems in commercial vehicles is also gaining traction, especially in urban environments where parking can be challenging. The EPB provides the added advantage of space efficiency and convenience, making it suitable for goods vehicles that need to optimize every aspect of their design for efficiency.
Both segments—Goods Car and Passenger Car—are experiencing growth due to the rising demand for advanced braking technologies. The Passenger Car segment continues to drive the majority of the market share, spurred by consumer demand for safety and convenience features, while the Goods Car segment is also expanding, largely due to the increasing safety requirements for commercial vehicles and the push for more advanced braking systems. As vehicle manufacturers continue to innovate and integrate more advanced braking technologies, the demand for ABS and EPB sensor cables will continue to rise in both segments. This trend is further supported by the growing focus on vehicle safety, performance improvements, and regulatory compliance across the automotive industry.
Global Automotive ABS and EPB Sensor Cable Market, Segmentation by Geography
In this report, the Global Automotive ABS and EPB Sensor Cable Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Automotive ABS and EPB Sensor Cable Market Share (%), by Geographical Region, 2024
In 2023, the global automotive ABS (Anti-lock Braking System) and EPB (Electronic Parking Brake) sensor cable market exhibited varying trends across different geographical regions. North America, comprising the United States, Canada, and Mexico, accounted for a significant share of the market. This was primarily attributed to the high adoption rate of advanced automotive safety technologies in the region, driven by stringent government regulations and consumer demand for safer vehicles. Additionally, the presence of leading automotive manufacturers and technological advancements further fueled the market growth in this region.
Europe emerged as another prominent market for automotive ABS and EPB sensor cables in 2023. Countries within the European Union, such as Germany, France, and the United Kingdom, contributed substantially to the regional market share. The growth in Europe was driven by similar factors as North America, including stringent safety regulations and increasing consumer awareness regarding vehicle safety features. Moreover, the region's strong automotive manufacturing base and emphasis on innovation and research and development further bolstered market expansion.
Asia Pacific witnessed robust growth in the automotive ABS and EPB sensor cable market share in 2023. Rapid industrialization, urbanization, and rising disposable incomes in countries like China, Japan, and India propelled the demand for passenger and commercial vehicles equipped with advanced safety features. Moreover, government initiatives to improve road safety and the increasing adoption of electric vehicles (EVs) further stimulated market growth in the region. Additionally, the presence of key automotive component manufacturers and the growing focus on technological advancements contributed to the expanding market share in Asia Pacific.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Automotive ABS and EPB Sensor Cable Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Advancements in automotive safety technology
- Increasing demand for electric vehicles
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Factors boosting market growth : The global automotive ABS (Anti-lock Braking System) and EPB (Electronic Parking Brake) sensor cable market have experienced substantial growth in recent years, driven by several key factors. One of the primary drivers is the increasing demand for advanced safety features in vehicles. With a growing emphasis on passenger safety, automotive manufacturers are integrating ABS and EPB systems into their vehicles to enhance braking performance and stability.
This surge in safety-conscious consumer behavior has propelled the demand for ABS and EPB sensor cables. Stringent government regulations mandating the incorporation of ABS and EPB systems in vehicles have further fueled market growth. Regulatory bodies across the globe are imposing strict safety standards, compelling automotive manufacturers to equip their vehicles with advanced braking technologies. As a result, there's a heightened need for high-quality sensor cables to support these systems, driving the expansion of the ABS and EPB sensor cable market.
Technological advancements in sensor cable design and manufacturing processes have played a pivotal role in market growth. Innovations such as lightweight materials, improved durability, and enhanced signal transmission capabilities have made sensor cables more efficient and reliable. Automotive OEMs (Original Equipment Manufacturers) are increasingly adopting these advanced sensor cables to ensure optimal performance and reliability of ABS and EPB systems in vehicles.
Restraints
- High cost of ABS and EPB sensor cables
- Complexity of integration in existing vehicles
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Challenges hindering market progress : The global automotive ABS (Antilock Braking System) and EPB (Electronic Parking Brake) sensor cable market face several challenges that impede its progress. Firstly, one of the significant challenges is the constant evolution of automotive technology. As vehicles become more advanced, the demand for high-performance sensor cables increases. However, meeting these evolving technological requirements while ensuring compatibility with existing systems poses a challenge for manufacturers.
They must invest in research and development to keep pace with these advancements, which can be costly and time-consuming. Another challenge is the stringent regulatory standards imposed by governing bodies worldwide. These standards often require automotive components to meet specific safety and performance criteria, including durability, reliability, and resistance to environmental factors. Compliance with these regulations adds complexity to the manufacturing process and may necessitate additional testing and validation procedures, further increasing production costs and time to market.
The global automotive industry is facing supply chain disruptions, including raw material shortages, logistics issues, and geopolitical tensions. These disruptions can lead to delays in production schedules and increased costs for manufacturers. In particular, the automotive sector relies heavily on a complex network of suppliers, and any disruption in the supply chain can ripple through the entire industry, affecting the availability of sensor cables and other critical components.
Opportunities
- Growing automotive aftermarket segment
- Emerging markets in developing countries
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Potential areas for market expansion : The global automotive ABS (Antilock Braking System) and EPB (Electronic Parking Brake) sensor cable market present several potential areas for market expansion. Firstly, emerging markets in Asia-Pacific, such as China and India, offer significant growth opportunities due to the rapid urbanization, increasing disposable income, and expanding automotive industry. As more consumers in these regions opt for vehicles equipped with advanced safety features like ABS and EPB, the demand for sensor cables is expected to surge.
The rising trend towards electric vehicles (EVs) worldwide creates a promising market for ABS and EPB sensor cables. EV manufacturers are continually striving to enhance the safety and performance of their vehicles, driving the adoption of advanced braking systems. As the EV market continues to grow, there will be a corresponding increase in the demand for high-quality sensor cables to support these sophisticated braking systems.
The integration of sensor cables with autonomous driving technologies represents another lucrative avenue for market expansion. With the ongoing development and deployment of autonomous vehicles, there is a growing need for robust and reliable sensor systems to ensure safe operation. ABS and EPB sensor cables play a crucial role in providing accurate data for autonomous braking and parking functions, thereby presenting substantial opportunities for suppliers in this segment.
Competitive Landscape Analysis
Key players in Global Automotive ABS and EPB Sensor Cable Market include :
- TE Connectivity
- Yazaki Corporation
- Leoni AG
- Furukawa Electric Co., Ltd.
- Sumitomo Electric Industries, Ltd.
- Delphi Technologies
- Aptiv PLC
- Lear Corporation
- Hitachi Automotive Systems, Ltd.
- Continental AG
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Automotive ABS and EPB Sensor Cable Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Advancements in automotive safety technology
- Increasing demand for electric vehicles
- Factors boosting market growth
- Restraints
- High cost of ABS and EPB sensor cables
- Complexity of integration in existing vehicles
- Challenges hindering market progress
- Opportunities
- Growing automotive aftermarket segment
- Emerging markets in developing countries
- Potential areas for market expansion
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Automotive ABS and EPB Sensor Cable Market, By Product, 2021 - 2031 (USD Million)
- ABS
- EPB
- Global Automotive ABS and EPB Sensor Cable Market, By Application, 2021 - 2031 (USD Million)
- Goods Car
- Passenger Car
- Global Automotive ABS and EPB Sensor Cable Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Automotive ABS and EPB Sensor Cable Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- TE Connectivity
- Yazaki Corporation
- Leoni AG
- Furukawa Electric Co., Ltd.
- Sumitomo Electric Industries, Ltd.
- Delphi Technologies
- Aptiv PLC
- Lear Corporation
- Hitachi Automotive Systems, Ltd.
- Continental AG
- Company Profiles
- Analyst Views
- Future Outlook of the Market