Global Automotive ESP Market Growth 2023-2029

Global Automotive ESP Market Growth 2023-2029

Electronic stability control (ESC), also referred to as electronic stability program (ESP) or dynamic stability control (DSC), is a computerized technology that improves a vehicle's stability by detecting and reducing loss of traction (skidding). When ESC detects loss of steering control, it automatically applies the brakes to help "steer" the vehicle where the driver intends to go. Braking is automatically applied to wheels individually, such as the outer front wheel to counter oversteer or the inner rear wheel to counter understeer. Some ESC systems also reduce engine power until control is regained. ESC does not improve a vehicle's cornering performance; instead, it helps to minimize the loss of control.

LPI (LP Information)' newest research report, the “Automotive ESP Industry Forecast” looks at past sales and reviews total world Automotive ESP sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive ESP sales for 2023 through 2029. With Automotive ESP sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive ESP industry.

This Insight Report provides a comprehensive analysis of the global Automotive ESP landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive ESP portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive ESP market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive ESP and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive ESP.

The global Automotive ESP market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In China, Automotive ESP key players include Bosch, Continental, DENSO, Aisin, ZF, etc. The top five players hold a share about 75%.

East China is the largest market, with a share about 30%, followed by North China, Northeast China, having a total share about 35 percent.

In terms of product, 4-Channel is the largest segment, with a share about 45%. And in terms of application, the largest application is Sedan and Hatchback, followed by SUV and Pickup, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive ESP market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

2-Channel

3-Channel

4-Channel

Segmentation by application

Sedan and Hatchback

SUV and Pickup

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Continental

Denso

Aisin

ZF

Delphi

Hitachi

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive ESP market?

What factors are driving Automotive ESP market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive ESP market opportunities vary by end market size?

How does Automotive ESP break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.