Market Research Future

Electronic Stability Control System Market Is Expected to Grow at a CAGR of 8.9% by 2023


Pune, India -- (SBWIRE) -- 11/13/2017 -- Market Highlights:
Electronic stability control system have the variety of different names, including Dynamic Stability Control, Vehicle Stability Control, Dynamic Stability and Traction Control, StabiliTrak, and Advance Trac. This system considerably enhances stability and control in vehicles, in critical situations. These systems use computer control for individual wheel brakes to help the driver maintain control of the vehicle during extreme movements. This is done by keeping the vehicle headed in the direction the driver is steering even when the vehicle nears or reaches the limits of road traction. The electronic stability control system market is completely dependent on the automotive industry. Thus the increase or decrease in demand of the automotive industry directly has an impact on the market. In 2015, the total four wheeler production was that of almost 90 million units, which is expected to witness further boost and reach more than 100 million units by the year 2020. Hence, this will provide a positive influence on the growth of the market. However, both high capital intensive and high cost of the system, may hamper the growth of the market.

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Key Players:
The prominent players in the electronic stability control system market include Robert Bosch GmbH (Germany), Johnson Electric. (Hong Kong), TRW Automotive Holdings (U.S.), Continental AG (Germany), Delphi Automotive (U.K.), Hitachi Automotive Systems Ltd. (Japan), Autoliv Inc. (Sweden), Toyoda Gosei Co. Ltd (Japan), WABCO Holdings Inc. (U.S.), and Murata Manufacturing Co., Ltd. (Japan).

Market Research Analysis:
The global electronic stability control systems market has been segmented by vehicle type, and by drive type. By vehicle type, the market has been segmented as passenger car, light commercial vehicle and heavy commercial vehicles of which passenger cars account the largest market followed by LMV and HMV. The passenger vehicle, which essentially carries many passengers, accounts for almost 66% of the global vehicle production. With the rise in income levels, the passenger vehicle segment has witnessed a significant rise in production and sales. Light commercial vehicle segment is the second largest segment in terms of value. A commercial vehicle is basically a motor vehicle utilized for the purpose of transporting goods or paid passengers. Light commercial vehicles include pickup trucks, and vans. Based on drive types, the market has been segmented as rear wheel drive, front wheel drive, and all-wheel drive. Rear wheel drive dominates the drive type segment of the market. The all-wheel drive segment is expected to grow at a highest CAGR during the forecast period. The rising safety concerns, among consumers, and growing production of all-wheel drive vehicles in North America and Europe, are driving the demand of the segment.

Scope of the Report:
This study provides an overview of the global electronic stability control system market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global electronic stability control system market by its vehicle type, by drive type and region.

By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle

By Drive Type
- Rear Wheel Drive
- Front Wheel Drive
- All Wheel Drive

By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World

Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis

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