October 04, 2019
According to the latest study titled ‘Global (United States, European Union and China) Electronic Stability Control System Market Research Report 2019-2025’ available with Market Study Report LLC, the global electronic stability control system market is set to expand exponentially over the forthcoming years owing to rise in fatal car crashes and serious vehicle accidents causing large-scale damage to the masses.
The electronic stability control (ESC) systems utilize computer controls for individual wheel brakes and help the driver maintain control of the vehicle through extreme movements. This is done by keeping the vehicle headed in the direction the driver is steering even when the vehicle reaches the limits of road traction. Thus, the rise in the need to improve transport efficiency and road safety has encouraged the expansion of the electronic stability control system market.
Moreover, electronic stability control system has several names such as, vehicle stability control, dynamic stability control, dynamic stability & traction control, stabiliTrak, and advance trac. The study analyzes the global ESC system market for industry shares and growth opportunities by different segments. Furthermore, it provides an exhaustive understanding of trends, challenges, marketing strategies, distribution channels, consumer spectrum, and drivers influencing the market growth.
Based on type, the market is segmented into all-wheel drive, rear wheel drive, and front wheel drive. While based on application spectrum, the electronic stability controls system market is divided into light commercial vehicle, passenger cars, and heavy commercial vehicle.
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Considering the geographical landscape, ESC system market is studied for four major regions including the United States, China, European Union, and rest of the world which focus on Japan, Korea, India, and Southeast Asia.
The key vendors operating in the electronic stability control system market outlined in the report comprise of Johnson Electric, Robert Bosch, Continental, TRW Automotive, Hitachi Automotive Systems, Delphi Automotive, Autoliv, Murata Manufacturing, WABCO Holdings, and Toyoda Gosei.