Electronic Stability Control System Market To Witnessed An Appreciable Growth By 2025
Category: #business  By Ronak Bora  Date: 2021-08-06
  • share
  • Twitter
  • Facebook
  • LinkedIn
Electronic Stability Control System Market To Witnessed An Appreciable Growth By 2025

Asia Pacific electronic stability control system market is likely to emerge as a strong contender due to increasing implementation of road safety gears and the design and development of vehicles equipped with safety features. According to International Organization of Motor Vehicle Manufacturers, in 2018, India had witnessed 8% growth in automobile production. China is also a prominent automotive market, the expansion of which will augment APAC ESC market outlook in the forecast years.

Of late, India-based multinational automotive manufacturing companies have been working to launch medium and heavy commercial vehicles with electronic stability control with an aim to make Indian roads safer and more secure. The growing adoption of ESC systems and increasing number of safety innovations in several vehicles will further strengthen the regional electronic stability control system market size.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4200

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.

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.

The massive deployment of technological advancements across the automotive industry will have a favorable influence on the ESC market. Moreover, the involvement of prominent companies in designing vehicles with advanced safety features are likely to fuel the industry growth in the ensuing years.

The enforcement of favorable government policies are likely to impact the industry outlook. In 2018, the Ministry of Road Transport & Highways of India had announced that by 2023 all Indian vehicles should be compulsorily equipped with safety breaking features like autonomous braking and ESC.  This will further generate lucrative opportunities for automotive players in the ESC industry.

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. Global Market Insights, Inc., estimates electronic stability control system market size to reach US $ 45 billion by 2025.

Request for a Customization of this research report @ https://www.decresearch.com/roc/4200

Partial Chapter of the Table of Content

Chapter 4. Electronic Stability Control System Market, By Vehicle Type (Revenue, Shipment)

4.1. Key trends in 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 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

Charts & Figures

FIG. 1 Electronic stability control system market segmentation

FIG. 2 Global market, 2015 - 2025 (USD Million)

FIG. 3 Industry ecosystem analysis

FIG. 4 Growth potential analysis

FIG. 5 Porter’s analysis

FIG. 6 Company market share, 2018

FIG. 7 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/electronic-stability-control-system-market

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...