A10765 | Pages: NA | Jul 2022 | 1242 Views | | |
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electronic Stability Control Market
Request Now !Electronic Stability Control Market Outlook – 2027
The automotive electronic stability control systems considerably enhance stability and control in vehicles in critical situations. The electronic stability controllers are used to control the vehicle from skidding or losing control and reduce the danger of accidents. The individual vehicle wheel brakes help the driver maintain control of the vehicle during extreme movements. The system starts working when the driver starts losing control over the vehicle. The system applies brakes and stops the vehicle at a smaller distance and reduces the chances of accidents. 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 sensors are fitted in the system, which detects the condition of the vehicle and applies brakes, reducing chances of skidding and brings back the vehicle in normal mode. In addition, the automotive electronic stability control is a computer-based application, which along with sensors like speed sensors, has various other components such as valves, pumps, and controller. The growing demand for safety in the vehicle boosts the electronic stability control systems and is expected to grow further during the forecast period.
scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type and Sales Channel |
Regions covered | North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, the Middle East, and Africa) |
Companies covered | AISIN SIEKI Co. Ltd., Autoliv Inc, Advics Co. Ltd., Bendix Commercial Vehicle Systems, Continental AG, Denso Corporation, General Motors, Hitachi Automotive Systems Ltd, Hyundai Mobis, and IAV Engineering, |
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in urban population and high demographic rates, rapid motorization, increase in number of road fatalities/accidents, and government initiatives for enhancing road safety are expected to drive the market growth during the forecast period. However, the cyclic nature of automotive sales and production and raw material and commodity prices is anticipated to hamper the growth of the market. Furthermore, the price increase to consumers and the cost incurred at the design and testing phase are expected to offer lucrative opportunities for the market during the forecast period.
The electronic stability control market trends are as follows:
Growth in urban population
As half of the world’s population now lives in urban areas increasingly in highly dense cities. However, urban settings are a relatively new phenomenon in human history. This transition has transformed the way we live, work, travel, and build networks. The growing urban population across the globe in many developed cities has created a huge market and the demand as well, which forced manufacturers to innovate and manufacture. This is expected to boost the electronic stability control market during the forecast period.
Increase in number of road fatalities/accidents
The road accident severity measured has drastically increased by the number of people killed per accident. Hence, the severity of road accidents has attracted the attention of the ministry of road transport and highways of every developed and developing economies across the globe. The government initiatives for enhancing road safety are expected to boost the electronic stability control market during the forecast period.
Key segments covered:
Segments | Sub-segments |
Type |
|
Sales Channel |
|
Key benefits of the report:
Questions answered in the electronic stability control market research report:
Key Market Segments
Segments | Sub-segments |
---|---|
By Type |
|
By Sales Channel |
|
By Region |
|
Key Market Players
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers