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Electronic Stability Control System Market is Moving Fast! | Major Key Companies are Autoliv, Bendix Commercial Vehicle Systems LLC, Continental, Denso, General Motors, Hitachi Automotive Systems Americas, Inc., Hyundai Motor America, IAV Automotive Engin

Electronic Stability Control System Market is Moving Fast! |

Electronic stability control system market trends are poised to gain immense momentum over the forecast years, owing to rise in fatal car crashes and serious vehicle accidents causing large-scale damage to the masses. Since the last few decades, the automotive industry has shifted its focus towards implementation of more active safety features like traction control system and antilock braking system which reduce the chances of crashes to a large extent during acceleration and in harsh driving conditions. This increasing demand to improve transport efficiency has undeniably impelled the expansion of the electronic stability control system market size.

Asia Pacific is anticipated to bring about strong growth trends in electronic stability control system market credited to the large automotive industry in the region. The presence of two of the fastest growing emerging countries, China and India, representing massive automotive production, will propel the regional industry share.

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Reportedly, China produces the greatest number of cars in the world - one out of three cars produced in the world exported from China. According to statistics, in 2016, the country alone produced 24,420,744 cars, about 33.9% of the total global production. Additionally, government initiatives to promote local production - like India allows 100 percent FDI (foreign direct investment) in the automotive sector, can also create immense opportunities for automotive manufacturers. International Organization of Motor Vehicle Manufacturers observed that India recorded 8 percent growth in automotive production in 2018.

Commercial vehicles are consistently becoming the leading mode of road transportation in the Asia Pacific region. As compared with other transportation vehicles, commercial vehicles exhibit greater safety risks and several performance limitations because of their features including unstable roll motion at higher speeds and poor maneuverability at low speeds. With the advent of the electronic stability control in cars, next-gen driver assistance concepts have taken root, and have played a significant role in contributing towards increasing safety on the roads.

Electronic stability control system enhances the braking, traction, and skid control; therefore, it helps drivers to avoid accidents from the wheel slip due to over acceleration and braking in harsh driving conditions. And this is typically true for today's high torque engines, where regulation of wheel slip and traction control can considerably increase the safety and comfort while driving on slippery surfaces.

Reportedly, about 80 percent of accidents occur due to vehicle skidding which necessitates the requirement of electronic stability control. Currently, the ESC systems have integrated with ABS and traction control system, further helping to achieve the benefits of vehicle stability control. The increasing number of casualties due to road accidents resulting from the loss of traction will enhance electronic stability control system market outlook.

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Major companies that have captured a prominent proportion of electronic stability control system market share include ZF Friedrichshafen, General Motors (StabiliTrak), Johnson Electric, Robert Bosch GmbH, Autoliv, IAV Engineering, Denso Corporation and Johnson Electric.

Table of Contents (ToC) of the report:

Chapter 4. Electronic Stability Control System Market, By Vehicle Type (Revenue, Shipment)
4.1. Key trends in electronic stability control system market, by vehicle type
4.2. Passenger cars
4.2.1. Market estimates and forecast, 2015 - 2025
4.3. Light Commercial Vehicle (LCVs)
4.3.1. Market estimates and forecast, 2015 - 2025
4.4. Heavy Commercial Vehicle (HCVs)
4.4.1. Market estimates and forecast, 2015 - 2025

Chapter 5. Electronic Stability Control System Market, By Component (Revenue)
5.1. Key trends in electronic stability control system market, by component
5.2. Hydraulic unit
5.2.1. Market estimates and forecast, 2015 - 2025
5.3. Sensors
5.3.1. Market estimates and forecast, 2015 - 2025
5.4. Electronic control unit (ECU)
5.4.1. Market estimates and forecast, 2015 - 2025
5.5. Others
5.5.1. Market estimates and forecast, 2015 - 2025

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