The Electronic Stability Control System Market Size to remarkable value and expected to rise at 8.9% CAGR by Forecast Period of 2019 to 2023 according to latest Electronic Stability Control System Market 2019 Global Industry Outlook to 2023 Research Report is published by Market Research Future. Market For Electronic Stability Control System Industry is Segmented Vehicle Type (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle), By Drive Type (Rear Wheel Drive, Front Wheel Drive, and All Wheel Drive), and By Region – Global Opportunity Analysis With Industry Forecast, 2018 – 2023.
Electronic Stability Control System Market Companies Studied In Report include: Johnson Electric. (Hong Kong), Robert Bosch GmbH (Germany), TRW Automotive Holdings (U.S.), Continental AG (Germany), Hitachi Automotive Systems Ltd. (Japan), Toyoda Gosei Co. Ltd (Japan), Autoliv Inc. (Sweden), WABCO Holdings Inc. (U.S.), Delphi Automotive (U.K.), and Murata Manufacturing Co., Ltd. (Japan).
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Global Electronic Stability Control System Market Insights:
Electronic Stability Control Systems are the system that’s use computer technologies to maintain vehicle’s stability. Electronic stability control systems have a variety of names, including Dynamic Stability Control, Vehicle Stability Control, Dynamic Stability and Traction Control, StabiliTrak, and Advance Trac. Electronic stability control systems considerably enhance stability and control in vehicles in critical situations. Market Research Future (MRFR)’s assessment reveals that the global electronic stability control system market is expected to scale a CAGR of 8.9% during the forecast period.
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 increase in production and sales of vehicles is poised to boost the growth trajectory of the market over the next couple of years.
The economic growth of the developing nations is likely to generate demand for ESC over the assessment period, thus, augmenting the market. And as per government reforms, the country has planned to ban the sales of all the petrol and diesel vehicles by 2019.
However, the demand for electric car is expected to rise in the future, which will also increase the market growth. Moreover, Japan, Singapore and South Korea governments, are also planning to take such initiatives.
Electronic Stability Control System Global Market Segment Analysis:
For the purpose of this study, the global electronic stability control systems market has been segmented by vehicle type, and by drive type.
By vehicle type, the global electronic stability control system market has been segmented into passenger car, heavy commercial vehicle, and light commercial vehicle. 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.
Based on drive type, the market has been segmented as rear wheel drive, front wheel drive, and all-wheel drive. Among these, the rear wheel drive segment is presumed to account for a relatively larger share of the market in the forthcoming years
Electronic Stability Control System Global Market Regional Analysis:
The geographical study of the market spans across North America, Europe, Asia Pacific and the Rest of the World (RoW).
North America, of all the regions, has accounted for the largest market share, in 2016, followed by Europe and Asia Pacific. Increasing production of technologically advanced vehicle, and growing investment in R&D in automotive industry, are driving the growth of the market in North America.
Europe is poised to have a substantial share of the global market due to rising investments in the automotive sector. Furthermore, the growth of the automotive sector is anticipated to reflect on the proliferation of the market favorably.
Asia Pacific is expected to grow at a highest CAGR during the forecast period, driven by the increasing automotive manufacturing activities. Increasing disposable income among individuals and the rising demand for luxury vehicles, are also fueling the market growth.
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Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
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
4 Global Electronic Stability Control System Market, By Vehicle Type
4.2 Passenger Cars
4.3 Light Commercial Vehicle
4.4 Heavy Commercial Vehicle
5 Global Electronic Stability Control System Market, By Drive Type
5.2 Rear Wheel Drive
5.3 Front Wheel Drive
5.4 All-Wheel Drive
6 Regional Market Analysis
6.2 North America
6.3.5 Rest Of Europe
6.4.4 Rest Of Asia-Pacific
6.5 Rest Of The World
7 Competitive Analysis
List of tables:
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 16
TABLE 3 NORTH AMERICA REGULATORY LANDSCAPE FOR ELECTRONIC STABILITY CONTROL SYSTEM 32
TABLE 4 GLOBAL ELECTRONIC STABILITY CONTROL SYSTEM INDUSTRY, BY TYPE, 2016-2023 (USD MILLION) 37
List of Figures:
FIGURE 1 GLOBAL ELECTRONIC STABILITY CONTROL SYSTEM INDUSTRY: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 19
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 4 DRO ANALYSIS OF GLOBAL ELECTRONIC STABILITY CONTROL SYSTEM INDUSTRY 23
FIGURE 5 SAFETY CONTENT PER VEHICLE, 2017 (USD/VEHICLE) 24
FIGURE 6 DRIVERS IMPACT ANALYSIS: ELECTRONIC STABILITY CONTROL SYSTEM MARKET 25
FIGURE 7 PRICE TREND ANALYSIS FOR PSF (RS. PER KG) 26
FIGURE 8 RESTRAINTS IMPACT ANALYSIS: ELECTRONIC STABILITY CONTROL SYSTEM INDUSTRY 27
FIGURE 9 VALUE CHAIN: ELECTRONIC STABILITY CONTROL SYSTEM MARKET 29
FIGURE 10 PORTER’S 5 FORCES ANALYSIS 30
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