Global Electronic Stability Control Market Overview

Electronic Stability Control Market size is projected to reach USD 14.4 Billion by 2027 from an estimated USD 12.1 Billion in 2021, growing at a CAGR of 2.9% globally.

In crucial conditions, automobile electronic stability control systems significantly improve vehicle stability and control. Electronic stability controls keep the vehicle from sliding or losing control, lowering the risk of an accident. Individual vehicle wheel brakes assist the driver in maintaining vehicle control during excessive motions. When the driver begins to lose control of the car, the system kicks in. The technology applies brakes and brings the car to a stop at a shorter distance, reducing the risk of an accident. This is accomplished by maintaining the car pointed in the same direction as the driver, even when the vehicle is approaching or beyond the limits of road traction. The sensors are part of a system that monitors the car's condition and applies brakes, lowering the risk of skidding and returning the vehicle to normal mode. Furthermore, automobile electronic stability control is a computer-based program that includes numerous additional components such as valves, pumps, and a controller, in addition to sensors such as speed sensors. The need for vehicle safety is increasing, and electronic stability control systems are likely to expand even more throughout the projection period.

Covid-19 Impact on Electronic Stability Control Market

Covid19 has been a growth hampering factor on global economies and manufacturing countries. The global lockdown has created a major supply chain gap between manufacturers and raw material suppliers. Due to reduced mobility in terms of commercial and domestic segments, the demand in the automotive sector has dropped significantly. Major automobile manufacturers had to stop the manufacturing activities due to workers' safety and government regulation during the peak of the pandemic. The global demand has been lowest during such period which had a collateral impact on exports of automobile components such as a spare parts for Electronic Stability Control. Commonly, Electronic Stability Control is manufactured and installed with original equipment manufacturers which generally produces the vehicles. Thus, additional restrictions on the manufacturing activities have impacted the ESC system and components. The European market has faced a major impact of the pandemic, which is also a hub for automobile manufacturing companies, especially in Germany. As the condition is being normalized and businesses are being reopened, steady growth is expected in the automobile sector expected to reflect on the growth of the Electronic Stability Control Market.

Market Dynamics And Key Factors For Electronic Stability Control Market

Drivers:

Growing awareness of safety among customers and government

The market is being driven by increasing customer awareness of the need for stronger emergency braking systems. This demand has been fueled by an increase in the frequency of traffic accidents. Governments all across the world are promoting such safety elements. The electronic stability control system is mandatory in the United States, Australia, Japan, New Zealand, Russia, South Korea, Turkey, Canada, the European Union, Israel, and many more nations. This market is growing due to rising disposable income and changing customer preferences for automobiles with a lot of safety features. During the anticipated period, the passenger vehicle category is expected to lead the industry, accounting for 66 percent of the global automotive market. Increasing passenger car manufacturing across the world is another important aspect in preserving passenger vehicle supremacy. The autonomous car business is anticipated to be worth $60 billion by 2030. North America is predicted to possess up to 30% of the world's self-driving automobiles, with China and Western Europe accounting for the remaining 24%. All of these factors are projected to contribute positively to the growth of the electrical stability systems market. Thus, Electronic Stability Control Market has bright growth prospects in the coming years.

Sharp Rise in the demand for luxury cars

Increasing demand for luxury cars in Europe and the Asia-Pacific region, primarily China, India, and Japan, is expected to drive the market. The sustainable growth of electronic stability control is highly dependent on upcoming legislation in different countries. New Car Assessment Program that evaluates vehicles based on strict safety standards, increased safety awareness, technological advances, affordability, and safety is a major driver of demand for electronic stability control (ESC) systems. Passenger safety-oriented legislation in developing countries is catching up rapidly therefore it is driving the Electronic Stability Control Market.

Restraints:

Less useful in high-performance driving

ESC can intervene during high-performance driving. Unwanted ESC applications occur because the steering input does not always recognize the intended direction during a controlled drift. Due to the potential incompatibility of the ESC during high-performance driving, automakers have developed an override system that can partially or completely disable the ESC system. The override control can be a single button or multi-position switch that disables all ESC features.

Opportunities:

Electronic Stability Control (ESC) for Medium and Heavy Commercial Vehicles has a tremendous opportunity in the market. Currently, the Electronic Stability Control market is focused on passenger vehicle which has a larger customer base. However, New Federal Motor Vehicle Safety Standard No. 136 would mandate electronic stability control (ESC) systems on truck tractors and certain buses with a gross vehicle weight rating of more than 11,793 kg (26,000 pounds). By applying automated computer-controlled braking and limiting engine torque output, ESC systems in truck tractors and big buses are meant to decrease untripped rollovers and minimize extreme understeer or oversteer circumstances that lead to loss of control. Untripped rollover collisions may be avoided with ESC systems in 40 to 56 percent of cases, while loss-of-control crashes could be avoided in 14 percent of cases. This plan will save 1,807 to 2,329 collisions, 649 to 858 injuries, and 49 to 60 fatalities due to the installation of ESC devices on truck tractors and big buses. Therefore, the automotive manufacturer is expected to capitalize on this opportunity which can be a growth propelling factor for Electronic Stability Control Market.

Challenges:

The current ongoing shortage of semiconductor chips is a major challenging factor for manufacturers to procure raw material from international suppliers. The Asia Pacific is the largest provider of chipsets and semiconductors to leading automobile manufacturers. Countries like Taiwan, China, India, and other southeast Asian countries manufacture automobile parts and especially chipsets and semiconductors which are essential to manufacturing electronic stability control systems. Asia pacific faced a major semiconductor chip crisis due to the storage of copper silicon and cobalt as it is used as raw material to manufacture semiconductor chips. Also, global supply chain disruption due to Covid19 has made it difficult for chip manufacturers to procure raw materials from different parts of the world. However, this challenging factor expected to be fade out as the situation is being normalized market is anticipated to bounce back during the forecasted period.

Market Segmentation

Segmentation Analysis of Electronic Stability Control Market:

By Vehicle Type, Passenger cars dominate the vehicles type segment in Electronic Stability Control Market. Every year around 1.25 million fatalities occur in road accidents. The highest numbers are from developing countries. Many governments across the globe have started to impose stringent regulations to curb rising road accidents. The vehicle safety and regulation directives from the government regarding ABS, ESC, and seatbelt safety protocols make it mandatory to install in the passenger car as well as a commercial vehicle, However, Passenger vehicles are more focused on safety and related steps while manufacturing the passenger vehicles. Increasing concerns towards vehicle safety, a rise in the adoption of advanced braking systems, advanced AI-powered systems, and government vehicle safety norms combined with growth in vehicle production worldwide are expected to help the automotive electronic stability control system market to grow during the forecasted period.

By Sales Channels, OEM is the dominating in the Electronic Stability Control Market. Many OEMs equip their products with electronic stability control in most mid-sized and luxury car segments. Electronic stability control has reduced fatal off-road accidents by 36% for passenger cars and 7% for light trucks and vans. The Electronic Stability Control systems have advanced sensors and technology behind them to act accordingly, Therefore OEMs are the most likely to invest in the R&D of the Electronic Stability Control System. In-house development of such components and installation is cost-effective for the Original Equipment Manufacturers. Therefore, the OEM segment is expected to experience high growth rates later in the forecast period,

Regional Analysis of Electronic Stability Control Market:

European Market is dominating the Electronic Stability Control Market. Europe region is the hub for automotive technology manufacturing and evolution. The key market for these export automobiles is still Europe. North and South America are also major importers of German-made automobiles. With over 11 million units sold worldwide, the Volkswagen Group topped a rating of the largest manufacturer based on global sales. Germany sold 3.6 million passenger automobiles, a small rise over the previous year. This industry is predicted to develop at a higher rate than ever before as electronic stability control systems become obligatory. Germany's automotive sector is export-oriented, and many of the automobiles manufactured in the country are exported. Exports have improved in recent years and the COVID 19 economic crisis is not expected to have a significant impact on the German automotive sector. German car exports are moderately affected by global economic and environmental regulations. Recent regulatory changes around the world have had little impact on growth. However, Germany is still showing positive growth.

Asia Pacific market is one the fastest growing market for Electronic Stability Control systems. The Asia Pacific occupies the highest density of vehicles in the region with the growing automotive market in the countries like China and India. It is estimated that China not only produced the most passenger cars in the Asia-Pacific region in 2020 but also produced the most passenger cars in the world in 2020. Chinese manufacturing companies such as BYD Auto Ltd overtakes American manufacturer Tesla in the electric vehicle segment. This staggering growth in the Asia pacific market has contributed to the growth of the Electronic Stability Control Market in the region.

Players Covered in Electronic Stability Control Market are:

Key Industry Developments In Electronic Stability Control Market

  • January 2021, ZF has introduced improved safety and energy recovery highlights in its latest braking system for electric vehicles. This enables an optimized software interface. ZF's new braking system can be easily integrated and networked with Volkswagen's electronic architecture.

Electronic Stability Control Market- Global Demand & Analysis
Segmentations by Type
  • Passenger Cars
  • Commercial Vehicles
by Sales Channel
  • OEM
  • Aftermarket
by Region
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of South America)
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Vehicle Type
 3.2 By Sales Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Electronic Stability Control Market by Vehicle Type
 4.1 Electronic Stability Control Market Overview Snapshot and Growth Engine
 4.2 Electronic Stability Control Market Overview
 4.3 Passenger Cars
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Passenger Cars: Grographic Segmentation
 4.4 Commercial Vehicles
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Commercial Vehicles: Grographic Segmentation

Chapter 5: Electronic Stability Control Market by Sales Channel
 5.1 Electronic Stability Control Market Overview Snapshot and Growth Engine
 5.2 Electronic Stability Control Market Overview
 5.3 OEM
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 OEM: Grographic Segmentation
 5.4 Aftermarket
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Aftermarket: Grographic Segmentation

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Positioning
  6.1.2 Electronic Stability Control Sales and Market Share By Players
  6.1.3 Industry BCG Matrix
  6.1.4 Ansoff Matrix
  6.1.5 Electronic Stability Control Industry Concentration Ratio (CR5 and HHI)
  6.1.6 Top 5 Electronic Stability Control Players Market Share
  6.1.7 Mergers and Acquisitions
  6.1.8 Business Strategies By Top Players
 6.2 ROBERT BOSCH GMBH
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Operating Business Segments
  6.2.5 Product Portfolio
  6.2.6 Business Performance
  6.2.7 Key Strategic Moves and Recent Developments
  6.2.8 SWOT Analysis
 6.3 CONTINENTAL AG
 6.4 DENSO CORPORATION
 6.5 AUTOLIV INC.
 6.6 DELPHI AUTOMOTIVE PLC
 6.7 HITACHI LTD
 6.8 KNORR-BREMSE AG
 6.9 NISSIN KOGYO

Chapter 7: Global Electronic Stability Control Market Analysis, Insights and Forecast, 2016-2028
 7.1 Market Overview
 7.2 Historic and Forecasted Market Size By Vehicle Type
  7.2.1 Passenger Cars
  7.2.2 Commercial Vehicles
 7.3 Historic and Forecasted Market Size By Sales Channel
  7.3.1 OEM
  7.3.2 Aftermarket

Chapter 8: North America Electronic Stability Control Market Analysis, Insights and Forecast, 2016-2028
 8.1 Key Market Trends, Growth Factors and Opportunities
 8.2 Impact of Covid-19
 8.3 Key Players
 8.4 Key Market Trends, Growth Factors and Opportunities
 8.4 Historic and Forecasted Market Size By Vehicle Type
  8.4.1 Passenger Cars
  8.4.2 Commercial Vehicles
 8.5 Historic and Forecasted Market Size By Sales Channel
  8.5.1 OEM
  8.5.2 Aftermarket
 8.6 Historic and Forecast Market Size by Country
  8.6.1 U.S.
  8.6.2 Canada
  8.6.3 Mexico

Chapter 9: Europe Electronic Stability Control Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Vehicle Type
  9.4.1 Passenger Cars
  9.4.2 Commercial Vehicles
 9.5 Historic and Forecasted Market Size By Sales Channel
  9.5.1 OEM
  9.5.2 Aftermarket
 9.6 Historic and Forecast Market Size by Country
  9.6.1 Germany
  9.6.2 U.K.
  9.6.3 France
  9.6.4 Italy
  9.6.5 Russia
  9.6.6 Spain

Chapter 10: Asia-Pacific Electronic Stability Control Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Vehicle Type
  10.4.1 Passenger Cars
  10.4.2 Commercial Vehicles
 10.5 Historic and Forecasted Market Size By Sales Channel
  10.5.1 OEM
  10.5.2 Aftermarket
 10.6 Historic and Forecast Market Size by Country
  10.6.1 China
  10.6.2 India
  10.6.3 Japan
  10.6.4 Southeast Asia

Chapter 11: South America Electronic Stability Control Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Vehicle Type
  11.4.1 Passenger Cars
  11.4.2 Commercial Vehicles
 11.5 Historic and Forecasted Market Size By Sales Channel
  11.5.1 OEM
  11.5.2 Aftermarket
 11.6 Historic and Forecast Market Size by Country
  11.6.1 Brazil
  11.6.2 Argentina

Chapter 12: Middle East & Africa Electronic Stability Control Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Vehicle Type
  12.4.1 Passenger Cars
  12.4.2 Commercial Vehicles
 12.5 Historic and Forecasted Market Size By Sales Channel
  12.5.1 OEM
  12.5.2 Aftermarket
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Saudi Arabia
  12.6.2 South Africa

Chapter 13 Investment Analysis

Chapter 14 Analyst Viewpoint and Conclusion
Electronic Stability Control Market- Global Demand & Analysis
Segmentations by Type
  • Passenger Cars
  • Commercial Vehicles
by Sales Channel
  • OEM
  • Aftermarket
by Region
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of South America)
LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRONIC STABILITY CONTROL MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRONIC STABILITY CONTROL MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRONIC STABILITY CONTROL MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRONIC STABILITY CONTROL MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRONIC STABILITY CONTROL MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRONIC STABILITY CONTROL MARKET BY VEHICLE TYPE
TABLE 008. PASSENGER CARS MARKET OVERVIEW (2016-2028)
TABLE 009. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRONIC STABILITY CONTROL MARKET BY SALES CHANNEL
TABLE 011. OEM MARKET OVERVIEW (2016-2028)
TABLE 012. AFTERMARKET MARKET OVERVIEW (2016-2028)
TABLE 013. NORTH AMERICA ELECTRONIC STABILITY CONTROL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 014. NORTH AMERICA ELECTRONIC STABILITY CONTROL MARKET, BY SALES CHANNEL (2016-2028)
TABLE 015. N ELECTRONIC STABILITY CONTROL MARKET, BY COUNTRY (2016-2028)
TABLE 016. EUROPE ELECTRONIC STABILITY CONTROL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 017. EUROPE ELECTRONIC STABILITY CONTROL MARKET, BY SALES CHANNEL (2016-2028)
TABLE 018. ELECTRONIC STABILITY CONTROL MARKET, BY COUNTRY (2016-2028)
TABLE 019. ASIA PACIFIC ELECTRONIC STABILITY CONTROL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 020. ASIA PACIFIC ELECTRONIC STABILITY CONTROL MARKET, BY SALES CHANNEL (2016-2028)
TABLE 021. ELECTRONIC STABILITY CONTROL MARKET, BY COUNTRY (2016-2028)
TABLE 022. MIDDLE EAST & AFRICA ELECTRONIC STABILITY CONTROL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA ELECTRONIC STABILITY CONTROL MARKET, BY SALES CHANNEL (2016-2028)
TABLE 024. ELECTRONIC STABILITY CONTROL MARKET, BY COUNTRY (2016-2028)
TABLE 025. SOUTH AMERICA ELECTRONIC STABILITY CONTROL MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 026. SOUTH AMERICA ELECTRONIC STABILITY CONTROL MARKET, BY SALES CHANNEL (2016-2028)
TABLE 027. ELECTRONIC STABILITY CONTROL MARKET, BY COUNTRY (2016-2028)
TABLE 028. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 029. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 030. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 031. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 031. CONTINENTAL AG: SNAPSHOT
TABLE 032. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 033. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 034. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. DENSO CORPORATION: SNAPSHOT
TABLE 035. DENSO CORPORATION: BUSINESS PERFORMANCE
TABLE 036. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 037. DENSO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. AUTOLIV INC.: SNAPSHOT
TABLE 038. AUTOLIV INC.: BUSINESS PERFORMANCE
TABLE 039. AUTOLIV INC.: PRODUCT PORTFOLIO
TABLE 040. AUTOLIV INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. DELPHI AUTOMOTIVE PLC: SNAPSHOT
TABLE 041. DELPHI AUTOMOTIVE PLC: BUSINESS PERFORMANCE
TABLE 042. DELPHI AUTOMOTIVE PLC: PRODUCT PORTFOLIO
TABLE 043. DELPHI AUTOMOTIVE PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. HITACHI LTD: SNAPSHOT
TABLE 044. HITACHI LTD: BUSINESS PERFORMANCE
TABLE 045. HITACHI LTD: PRODUCT PORTFOLIO
TABLE 046. HITACHI LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. KNORR-BREMSE AG: SNAPSHOT
TABLE 047. KNORR-BREMSE AG: BUSINESS PERFORMANCE
TABLE 048. KNORR-BREMSE AG: PRODUCT PORTFOLIO
TABLE 049. KNORR-BREMSE AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. NISSIN KOGYO: SNAPSHOT
TABLE 050. NISSIN KOGYO: BUSINESS PERFORMANCE
TABLE 051. NISSIN KOGYO: PRODUCT PORTFOLIO
TABLE 052. NISSIN KOGYO: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 012. PASSENGER CARS MARKET OVERVIEW (2016-2028)
FIGURE 013. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY SALES CHANNEL
FIGURE 015. OEM MARKET OVERVIEW (2016-2028)
FIGURE 016. AFTERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 017. NORTH AMERICA ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 018. EUROPE ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. ASIA PACIFIC ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. MIDDLE EAST & AFRICA ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. SOUTH AMERICA ELECTRONIC STABILITY CONTROL MARKET OVERVIEW BY COUNTRY (2016-2028)
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Frequently Asked Questions :

What would be forecast period in the market research report?
The forecast period in the market research report is 2022-2028.
Who are the key players in Electronic Stability Control market?
The key players mentioned are Robert Bosch GMBH, Continental AG, Denso Corporation, Autoliv Inc. Delphi Automotive Plc, Hitachi Ltd, Knorr-Bremse AG, Nissin Kogyo.
What are the segments of Electronic Stability Control market?
The Electronic Stability Control market is segmented into Vehicle Type, Sales Channel and region. By Vehicle Type, it is classified into: Passenger Cars, Commercial Vehicles. By Sales Channel, it is classified into: OEM, Aftermarket. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
What is the Electronic Stability Control market?
Electronic stability controls keep the vehicle from sliding or losing control, lowering the risk of an accident. Individual vehicle wheel brakes assist the driver in maintaining vehicle control during excessive motions. When the driver begins to lose control of the car, the system kicks in. The technology applies brakes and brings the car to a stop at a shorter distance, reducing the risk of an accident.
How big is the Electronic Stability Control market?
Electronic Stability Control Market size is projected to reach USD 14.4 Billion by 2027 from an estimated USD 12.1 Billion in 2021, growing at a CAGR of 2.9% globally.