Press release
Electronic Stability Control (ESC) Market Poised for 10% Growth, Set to Hit $15.95 Billion by 2029
Electronic Stability Control (ESC) Market Size
The market size for electronic stability control (ESC) has seen significant growth in recent times. We predict an increase from $36.51 billion in 2024 to $40.15 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.0%. The prior growth has been driven by factors such as rising demand for technologically advanced vehicles, increased focus on road safety, heightened awareness due to campaigns, stricter government regulations, and a surge in demand for safety-enhanced vehicles.
The market size for electronic stability control (ESC) is predicted to witness significant expansion in the coming years. The escalation is projected to reach $58.17 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%. This growth during the forecasted period is likely due to enhanced safety norms, growth in commercial vehicles, raised demand for passenger vehicles, a surge in car sales, and heightened concerns about pedestrian safety. Notable trends during this period encompass safety technologies, technological progression, automotive sensors, software elements, and advanced control systems.
What Are the Key Drivers Behind the Growth of the Electronic Stability Control (ESC) Market?
The escalating need for passenger cars is predicted to stimulate the electronic stability control (ESC) market's expansion. This surge in demand for these vehicles is triggered by various factors such as growing disposable wealth, urbanization, advancements in automobile technology, and heightened ecological consciousness leading to a preference for electric-powered vehicles, as well as the further development of transport infrastructure. Electronic stability control (ESC) significantly ups the safety of passenger cars by independently modulating brakes and powertrain performance to ensure the car remains stable and averts loss of control. For example, in February 2023, the European Automobile Manufacturers' Association, a vehicle industry group based in Italy, revealed that worldwide production of passenger cars exceeded 68 million units in 2022, indicating a 7.9% surge compared to the preceding year. Consequently, this growing demand for passenger cars is steering the advancement of the electronic stability control (ESC) market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20765&type=smp
Who Are the Major Industry Players Fueling Electronic Stability Control (ESC) Market Expansion?
Major companies operating in the electronic stability control (ESC) market are Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Aisin Corporation, Subaru Corporation, Scania AB, Aptiv PLC, STMicroelectronics N.V., Murata Manufacturing Co. Ltd., Hitachi Astemo Ltd., Analog Devices Inc., Renesas Electronics Corporation, JTEKT Corporation, Autoliv Inc., Hella GmbH & Co. KGaA, Mando Corporation, Brembo S.p.A., Johnson Electric Holdings Limited, Nexteer Automotive, Bendix Commercial Vehicle Systems LLC
Which Key Developments Are Influencing the Electronic Stability Control (ESC) Market?
Prominent businesses in the electronic stability control (ESC) market are prioritizing the creation of compact and effective systems with inbuilt cyber security elements like cryptographic keys to bolster vehicular safety, upgrade performance across different driving scenarios, and satisfy the increasing need for electrification and automation in the automotive sector. The operation of cryptographic keys in ESC systems involves conducting system authentication, data encryption, secure boot operations, and safeguarding communication channels which guarantees the safety and security of automotive systems. To demonstrate, Continental AG, an automotive parts producer based in Germany, introduced the MK 120 ESC, an innovative electronic brake system tailored for ESC applications, in May 2023. The system boasts a lightweight and compact structure that is approximately 5% lighter and 7% smaller than the preceding model, without compromising performance. Additional cyber security measures like individual security keys for each unit are included, and the system supports over-the-air (OTA) functionality for software updates. Features such as embedded hardware protection, exclusive security keys, and secure boot are combined to ensure thorough vehicular safety.
How Is the Segmentation of the Electronic Stability Control (ESC) Market Defined?
The electronic stability control (ESC) market covered in this report is segmented -
1) By Component: Wheels Speed Sensor; Yaw Rate Sensor; Electronic Control Unit; Antilock Braking System; Other Components
2) By Vehicle Type: Passenger Cars; Light Commercial Vehicles; Heavy Commercial Vehicles
3) By Vehicle Propulsion: Internal Combustion Engine; Electric And Hybrid
4) By End User: Original Equipment Manufacturer; Aftermarket
Subsegments:
1) By Wheel Speed Sensor: Single-Channel Wheel Speed Sensors; Multi-Channel Wheel Speed Sensors; Active Wheel Speed Sensors; Passive Wheel Speed Sensors
2) By Yaw Rate Sensor: 3D Yaw Rate Sensors; Digital Yaw Rate Sensors; MEMS-Based Yaw Rate Sensors; Gyroscopic Yaw Rate Sensors
3) By Electronic Control Unit (ECU): Centralized ECU For ESC Systems; Distributed ECU For ESC And Other Safety Systems; Dual-Processor ECUs For High-Performance Vehicles; ECU With Adaptive Control Algorithms
4) By Antilock Braking System (ABS): Integrated ESC And ABS Systems; ABS Sensors And Controllers For ESC; Full Function ABS With ESC Integration; Electromechanical ABS With ESC
5) By Other Components: Steering Angle Sensors; Brake Actuators; Hydraulic Control Units; Vehicle Dynamics Sensors; Communication Interfaces For ESC Integration
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/electronic-stability-control-esc-global-market-report
What Is the Leading Region in the Electronic Stability Control (ESC) Market?
North America was the largest region in the electronic stability control (ESC) market in 2024. The regions covered in the electronic stability control (ESC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Electronic Stability Control (ESC) Global Market Report?
- Market Size Analysis: Analyze the electronic stability control (esc) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the electronic stability control (esc) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall electronic stability control (esc) market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the electronic stability control (esc) market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20765
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electronic Stability Control (ESC) Market Poised for 10% Growth, Set to Hit $15.95 Billion by 2029 here
News-ID: 3875524 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for ESC
Drone Electronic Speed Controller (ESC) Market Size and Forecast
Sports NFTs Market size was valued at USD 1.23 Billion in 2022 and is projected to reach USD 4.35 Billion by 2030, growing at a CAGR of 16.3% from 2024 to 2030.
Drone Electronic Speed Controller (ESC) Market Outlook and Investment Analysis
What is the current market outlook for Drone Electronic Speed Controllers (ESCs)?
The Drone ESC market has shown significant growth driven by the increasing demand for drones across various sectors, including…
Esc Heater Market Set for Significant Growth by 2032
The Electronic Stability Control (ESC) heater market, though relatively niche, is experiencing a steady growth trajectory. With a market size estimated at USD 0.63 billion in 2023, the industry is projected to reach USD 1.52 billion by 2032, demonstrating a Compound Annual Growth Rate (CAGR) of approximately 10.2% during the forecast period (2024-2032).
Key Companies in the Esc Heater Market Include: NIBE ,Danfoss ,Siemens ,ABB ,Chromalox ,Emerson Electric ,Eaton ,Schneider Electric…
Electrostatic Chucks (ESC) Market: Quantitative Analysis, Current and Future Tre …
Growing demand for conductor etch across various semiconductor industries is one of the leading driving factors for the growth of the global electrostatic chucks (ESC) market. Semiconductor industries have seen significant growth in past years, and this growth is expected to increase over the coming years.
Growing demand for semiconductor etching is expected to drive market growth substantially through the forecast period of 2021-2031. The United States, Japan, and South Korea…
Future Trend & Forecast of Electronic Stability Control (ESC)
Electronic Stability Control (ESC) Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. The Electronic Stability Control (ESC) Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the…
Continual Inventions To Accelerate The Electrostatic Chucks Esc Market
The global Electrostatic Chucks Esc Market is expected to stimulate at a good rate In Upcoming Years. Virtual consultations are amongst the ongoing trends. They mitigate the spreading of contagious ailments, thereby facilitating better efficiency. The gap regarding the demand-supply ratio could also be bridged this way. With this practice being followed, the developing economies would benefit better, as the cost to commute could be curtailed.
Growing demand for conductor etch…
Semiconductor Wafer Used Electrostatic Chucks (ESC) Market Trends and Prospects …
The report titled "Semiconductor Wafer Used Electrostatic Chucks (ESC) Market” offers a primary impression of the Semiconductor Wafer Used Electrostatic Chucks (ESC) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. Semiconductor Wafer Used Electrostatic Chucks (ESC) Market (6 Forces Forecast 2020-2026) research report offers in-intensity insight of the Semiconductor Wafer Used Electrostatic Chucks (ESC) industry masking all vital parameters along with Marketing Channel, Direct Marketing, Indirect…
