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Electronic Stability Control System Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Electronic Stability Control System Market SizeThe global Electronic Stability Control System market was valued at US$ 56830 million in 2023 and is anticipated to reach US$ 75680 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
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Electronic Stability Control (ESC) is highly effective in helping the driver maintain control of the car, thereby avoiding or reducing the severity of crashes. Electronic Stability Control (ESC) is a technology that improves the vehicle's stability by detecting and reducing loss of traction.
Global Electronic Stability Control (ESC) key players include Bosch, Continental, TRW Automotive, etc. Global top three manufacturers hold a share over 50%.
Europe is the largest market, with a share about 30%, followed by North America, and China, both have a share over 40 percent.
By Type
• Rear Wheel Drive
• Front Wheel Drive
• All Wheel Drive
By Application
• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Key Companies
Robert Bosch, Johnson Electric, TRW Automotive, Continental, Delphi Automotive, Hitachi Automotive Systems, Autoliv, Toyoda Gosei, WABCO Holdings, Murata Manufacturing
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