Electronic Stability Control Market By Component (Hydraulic Unit, Sensors, ECU), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Vehicle Propulsion (ICE, Electric and Hybrid): Global Opportunity Analysis and Industry Forecast, 2021-2031
Electronic stability control is a crash avoidance technology that monitors the vehicle’s direction of travel, steering wheel angle, and the speed at which the individual wheels are rotating to prevent loss of control. In an event of mismatch between the direction of travel of the vehicle and the intended direction of travel, as indicated by the steering wheel position, ESC selectively applies brakes and modulates the engine power to control the vehicle and steer it back to its intended path. It prevents skidding and loss of control in cases of over-steering and under-steering.
Companies such as Bosch, Continental, and Denso Corporation among others are developing advanced ESC systems to alter the brake bias between the wheels when onboard sensors detect a loss of steering control. Development of affordable ESC systems with advanced features to fit mid-level vehicles, is expected to increase its adoption in developing countries.
Electronic stability control is an important component in autonomous vehicles to ensure road safety and prevent accidents. The continuous developments in the area of autonomous vehicle by leading companies drive the growth of the market. In addition, factors such as technology advancement, rise in congestion in urban areas, consumer acceptance, and policy & legislation fuel the demand for autonomous vehicles and offer opportunities for electronic stability control market.
The global electronic stability control market is segmented on the basis of component, vehicle type, vehicle propulsion, and region. Based on component, the market is classified into hydraulic unit, sensors, and Engine control unit (ECU). On the basis of vehicle type, it is fragmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on vehicle propulsion, it is categorized into internal combustion engine (ICE) vehicles, and electric and hybrid vehicles. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Robert Bosch GmbH, Continental AG, Hitachi Ltd, Denso Corporation, Johnson Electric Group, ZF Friedrichshafen AG, Aisin Corporation, Murata Manufacturing Co., Ltd., Knorr-Bremse AG, and Mando Corp.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electronic stability control market analysis from 2021 to 2031 to identify the prevailing electronic stability control market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electronic stability control market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electronic stability control market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Hydraulic Unit
Sensors
ECU
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Vehicle Propulsion
ICE
Electric and Hybrid
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Robert Bosch GmbH
Continental AG
Hitachi, Ltd.
Denso Corporation
Johnson Electric Group
ZF Friedrichshafen AG
Aisin Corporation
Murata Manufacturing Co., Ltd.
Knorr-Bremse AG
Mando Corp.
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