Electronic Stability Control (ESC) Market Scope
Electronic stability control systems significantly improve vehicle stability and control in critical situations. These systems use computer control for individual wheel brakes to assist the driver in maintaining vehicle control during extreme movements. This is accomplished by maintaining the vehicle's direction of travel even when the vehicle approaches or reaches the limits of road traction. As a result, ESC is expected to have a significant positive impact on road safety. Dynamic Stability Control, Vehicle Stability Control, Dynamic Stability and Traction Control, StabiliTrak, and Advance Trac are all names for electronic stability control systems.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch GmbH (Germany), Johnson Electric (Hong Kong), TRW Automotive Holdings (United States), Continental AG (Germany), Kia Corporation (South Korea), Delphi Automotive (United Kingdom), Hitachi Automotive Systems Ltd. (Japan), Autoliv Inc. (Sweden), ZF Friedrichshafen AG (Germany), Toyoda Gosei Co. Ltd (Japan), WABCO Holdings Inc.(United States) and Murata Manufacturing Co. Ltd. (Japan) |
CAGR | % |
The market for Electronic Stability Control (ESC) is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Electronic Stability Control (ESC) market throughout the predicted period.
Robert Bosch GmbH (Germany), Johnson Electric (Hong Kong), TRW Automotive Holdings (United States), Continental AG (Germany), Kia Corporation (South Korea), Delphi Automotive (United Kingdom), Hitachi Automotive Systems Ltd. (Japan), Autoliv Inc. (Sweden), ZF Friedrichshafen AG (Germany), Toyoda Gosei Co. Ltd (Japan), WABCO Holdings Inc.(United States) and Murata Manufacturing Co. Ltd. (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electronic Stability Control (ESC) market by Type , by Application (Cars, Trucks, SUVs and Motorcycle) and Region with country level break-up.
On the basis of geography, the market of Electronic Stability Control (ESC) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 4 November 2021, ZF announced that it has acquired Bestmile’s technology, representing a significant step towards launching the commercial vehicle industry’s first Mobility Orchestration Platform. Advancing ZF’s “Next Generation Mobility” strategy, this platform will help operators to realize ambitions for Transportation as a Service (TaaS) and Mobility as a Service (MaaS) for all types of mobility applications and vehicles.
Electronic Stability Control (ESC) Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Increasing Adoption Of Automated Vehicle Technology
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Key Restraints | - High Development Cost Of Electronic Stability Control
- Less Life Of Electronic Stability Control Components Can Hamper The Market Sometimes
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Challenges | - Low Penetration Of Advanced Stability Control Systems In Automotive Sectors Across Emerging Countries
- Intense Competition Among Players
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Market Opportunities | - Increasing Demand For Safety Function In Vehicle Is The Benefit For Market
- Rising Demand For Electric Vehicles And Autonomous Vehicles
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Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others