Press release
Electronic Stability Control (ESC) Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Electronic Stability Control (ESC) Market
What Is the Expected Electronic Stability Control (ESC) Market Size During the Forecast Period?
In recent times, there has been a significant increase in the size of the electronic stability control (ESC) market. Expected to expand from $36.51 billion in 2024 to $40.15 billion in 2025, the market will experience a compound annual growth rate (CAGR) of 10.0%. The notable growth during the historical period can be linked to the escalating demand for sophisticated vehicles, increased focus on road safety, expansive awareness campaigns, rising governmental regulations, and a surge in the demand for vehicles fitted with safety features.
In the coming years, the market size for Electronic Stability Control (ESC) is predicted to witness substantial growth, rising to $58.17 billion in 2029 with a Compounded Annual Growth Rate (CAGR) of 9.7%. The expansions forecasted could be attributed to the rising demands for safety standards, growth in commercial vehicles, growing requirements for passenger vehicles, elevated car sales, and heightened concerns about pedestrian safety. The major trends to watch during the forecast period will be safety technologies, cutting-edge technology advancements, automotive sensors, software components and sophisticated control systems.
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What Are the High-Growth Segments in the Electronic Stability Control (ESC) Market?
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
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What Key Drivers Are Expected to Influence Future Electronic Stability Control (ESC) Market Growth?
The electronic stability control (ESC) market is projected to experience substantial growth, spurred on by the increasingly high demand for passenger vehicles. This surge in demand can be credited to a number of factors, including growing disposable incomes, urbanization, advancements in automotive technology, rising environmental consciousness encouraging electric vehicle usage, and the development of transportation infrastructure. Enhanced safety in passenger vehicles is made possible by electronic stability control (ESC), which regulates brake and engine performance autonomously to maintain the vehicle's stability and prevent loss of control. For example, the European Automobile Manufacturers' Association, a vehicle industry association based in Italy, reported in February 2023 that the global passenger car production surpassed 68 million units in 2022, indicating a 7.9% increase from 2021. Consequently, the escalating demand for passenger vehicles is forecasted to contribute to the expansion of the electronic stability control (ESC) market.
Which Companies Hold the Largest Share Across Different Electronic Stability Control (ESC) Market Segments?
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
What Trends Are Driving Growth in The Acute Hospital Care Market?
Major players in the electronic stability control (ESC) market are prioritizing the creation of compact, efficient systems featuring integrated cyber security elements like cryptographic keys, with the aim to upgrade vehicle safety, increase performance across different driving scenarios, and fulfil the increasing demands from the automotive sector for electrification and automation. Cryptographic keys within ESC systems serve various functions including system authentication, data encryption, secure boot processes, and communication channel protection, thereby assuring the reliability and safety of vehicle safety systems. As an illustrative example, Continental AG, an automotive parts manufacturer headquartered in Germany, introduced the MK 120 ESC in May 2023. This avant-garde electronic brake system, meant for electronic stability control (ESC) applications, boasts of a lightweight and compact design, weighing about 5% less and being 7% smaller than its earlier version without compromising on performance. This product features strengthened cybersecurity safeguards, including unique security keys for every unit and over-the-air (OTA) functionality for software updates. It unifies state-of-the-art cyber security with elements like built-in hardware protection, distinctive security keys, and a secure boot process, ensuring all-encompassing vehicle safety.
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What Are the Emerging Geographies for The Electronic Stability Control (ESC) Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electronic Stability Control (ESC) Market?
2. What is the CAGR expected in the Electronic Stability Control (ESC) Market?
3. What Are the Key Innovations Transforming the Electronic Stability Control (ESC) Industry?
4. Which Region Is Leading the Electronic Stability Control (ESC) Market?
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