Market Overview:
The global electronic stability control system market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars, light commercial vehicles, and heavy commercial vehicles across the globe. In terms of type, the rear wheel drive segment is expected to account for a major share of the global electronic stability control system market during the forecast period. This can be attributed to its high adoption in passenger cars and light commercial vehicles. By application, the passenger cars segment is anticipated to hold a dominant position in the global electronic stability control system market throughout the forecast period. This can be ascribed to rising demand for luxury and premium cars across regions.
Product Definition:
An electronic stability control system (ESC) is a computerized system that helps a driver maintain control of a vehicle in difficult driving conditions. ESC monitors the position of the vehicle and selectively applies brakes and/or reduces engine power to help keep the vehicle on its intended course.
Rear Wheel Drive:
Rear wheel drive (rwd) is a type of vehicle propulsion where the driving force is provided by the rear wheels. The system generally comprises an engine, transmission, driveshaft and/or differential, and one or more rear tires. In comparison to front wheel drive (fwd), which uses the front tires as driven wheels, rwd relies on both rear and front tires for steering.
Front Wheel Drive:
Front wheel drive (FWD) is a type of vehicle propulsion where the power of the engine is applied to the front wheels. The most commonly used in vehicles with all-wheel-drive (AWD). AWD uses all four tires simultaneously, while FWD uses only two tires simultaneously for better traction and control.
The major advantage of FWD over rear wheel drive (RWD) is that in case of loss of grip between the road.
Application Insights:
Passenger cars accounted for the largest share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The stability control system in passenger cars helps improve driver safety by providing enhanced traction under all weather conditions. Moreover, these systems help drivers maintain vehicle control in adverse conditions by reducing wheel slip, improving steering accuracy and preventing skid events from occurring at high speeds. Electronic stability controls have been mandatory equipment for all new light commercial vehicles (LCVs) since 2013/2014 as a result of which they are installed at an affordable cost compared to heavy commercial vehicles (HCVs).
The LCV segment is anticipated to expand at the highest CAGR during the forecast period owing to increased demand from developing countries such as India, China and Brazil on account of increasing disposable income levels coupled with rising per capita ownership rates for this type of vehicle among consumers across these regions.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The region accounted for more than 35% of the overall revenue in 2016 and is anticipated to witness a considerable CAGR over the forecast period. This growth can be attributed to stringent safety norms, high disposable income, and increasing demand for advanced technologies with superior stability in terms of traction control system. Asia Pacific is projected to grow at a lucrative rate during the same period owing to rising disposable income especially in developing countries such as India and China which has resulted into increased sales of electronic stability control systems within APAC region.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Stringent government regulations for vehicle safety
- Growing awareness about the benefits of ESC systems among consumers
- Technological advancements in ESC systems
- Rising demand for luxury and premium cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Stability Control System Market Research Report
By Type
Rear Wheel Drive, Front Wheel Drive, All Wheel Drive
By Application
Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Robert Bosch, Johnson Electric, TRW Automotive, Continental, Delphi Automotive, Hitachi Automotive Systems, Autoliv, Toyoda Gosei, WABCO Holdings, Murata Manufacturing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Stability Control System Market Report Segments:
The global Electronic Stability Control System market is segmented on the basis of:
Types
Rear Wheel Drive, Front Wheel Drive, All Wheel Drive
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Robert Bosch
- Johnson Electric
- TRW Automotive
- Continental
- Delphi Automotive
- Hitachi Automotive Systems
- Autoliv
- Toyoda Gosei
- WABCO Holdings
- Murata Manufacturing
Highlights of The Electronic Stability Control System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rear Wheel Drive
- Front Wheel Drive
- All Wheel Drive
- By Application:
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Stability Control System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electronic Stability Control System (ESC) is a system that helps the driver maintain control of the vehicle. ESC uses sensors to monitor various aspects of the driving environment, including speed, steering angle, and throttle position. If these conditions indicate that a loss of control is imminent, ESC will engage and help to prevent an accident.
Some of the key players operating in the electronic stability control system market are Robert Bosch, Johnson Electric, TRW Automotive, Continental, Delphi Automotive, Hitachi Automotive Systems, Autoliv, Toyoda Gosei, WABCO Holdings, Murata Manufacturing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Stability Control System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Stability Control System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Stability Control System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Stability Control System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Stability Control System Market Size & Forecast, 2020-2028
4.5.1 Electronic Stability Control System Market Size and Y-o-Y Growth
4.5.2 Electronic Stability Control System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rear Wheel Drive
5.2.2 Front Wheel Drive
5.2.3 All Wheel Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Stability Control System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Stability Control System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rear Wheel Drive
9.6.2 Front Wheel Drive
9.6.3 All Wheel Drive
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Light Commercial Vehicle
9.10.3 Heavy Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rear Wheel Drive
10.6.2 Front Wheel Drive
10.6.3 All Wheel Drive
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Light Commercial Vehicle
10.10.3 Heavy Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rear Wheel Drive
11.6.2 Front Wheel Drive
11.6.3 All Wheel Drive
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Light Commercial Vehicle
11.10.3 Heavy Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rear Wheel Drive
12.6.2 Front Wheel Drive
12.6.3 All Wheel Drive
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Light Commercial Vehicle
12.10.3 Heavy Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rear Wheel Drive
13.6.2 Front Wheel Drive
13.6.3 All Wheel Drive
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Light Commercial Vehicle
13.10.3 Heavy Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Stability Control System Market: Competitive Dashboard
14.2 Global Electronic Stability Control System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Johnson Electric
14.3.3 TRW Automotive
14.3.4 Continental
14.3.5 Delphi Automotive
14.3.6 Hitachi Automotive Systems
14.3.7 Autoliv
14.3.8 Toyoda Gosei
14.3.9 WABCO Holdings
14.3.10 Murata Manufacturing
