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Global Electronic Stability Control (ESC) Strategic Business Report 2023: Anti-lock Braking System (ABS) Market Driven by the Enhanced Focus of Automakers on Reducing Accidents

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Global Market for Electronic Stability Control (ESC)

Global Market for Electronic Stability Control (ESC)
Global Market for Electronic Stability Control (ESC)

Dublin, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The "Electronic Stability Control (ESC) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Electronic Stability Control (ESC) estimated at US$34.4 Billion in the year 2022, is projected to reach a revised size of US$64.5 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2022-2030.

Passenger Cars, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$43.8 Billion by the end of the analysis period.

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Taking into account the ongoing post pandemic recovery, growth in the Light Commercial Vehicles segment is readjusted to a revised 7.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.1 Billion, While China is Forecast to Grow at 7.6% CAGR

The Electronic Stability Control (ESC) market in the U.S. is estimated at US$10.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.1 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Select Competitors (Total 33 Featured) -

  • Continental AG

  • Delphi Automotive PLC

  • Denso Corporation

  • Hitachi Ltd.

  • Hyundai Mobis Co., Ltd.

  • Knorr-Bremse AG

  • Mando Corporation

  • Robert Bosch GmbH

  • ZF Friedrichshafen AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Attribute

Details

No. of Pages

242

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$34.4 Billion

Forecasted Market Value (USD) by 2030

$64.5 Billion

Compound Annual Growth Rate

8.2%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Electronic Stability Control (ESC) - Global Key Competitors Percentage Market Share in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Need to Improve Road Safety and Reduce Accidents Fuels Growth in the ESC Systems Market

  • Mandatory Use of ESC in New Passenger Cars Augurs Well for the Market

  • Rear Wheel Drive Segment Dominates ESC Systems Market by Drive Type

  • Passenger Cars Lead Global ESC Systems Market

  • Asia-Pacific to Drive Future Growth

  • An Intensely Competitive Market

  • Global ESC System Market - Percentage Breakdown of Sales by Leading Players

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Automobile Production Trends Set the Tone for ESC Systems Market

  • World Production of Light Vehicles in Million Units for the Period 2015-2023

  • Electronic Brakeforce Distribution System Market: Favorable Growth Outlook

  • Global Electronic Brake Force Distribution (EBD) System Market - Percentage Breakdown of Sales by Application

  • Anti-lock Braking System (ABS) Market Driven by the Enhanced Focus of Automakers on Reducing Accidents

  • Traction Control Systems Market: Increasing Focus on Safety Drives Growth

  • Motorcycle Stability Control Market: Less Stability of Two-Wheelers Fuels Growth

  • Motorcycle TCS Market - Growing Sales of Big Capacity Motorcycles Fuels Prospects

  • Japan and EU to Mandate AEB Standard in New Cars and LCVs from 2020

  • Product Overview

  • Electronic Stability Control (ESC) - An Introduction

  • Electronic Brakeforce Distribution (EBD) - Definition

  • An Insight into the Functioning of EBD System

  • Traction Control System (TCS)

  • Anti-Lock Braking System (ABS)

  • Vehicle Dynamics Control Systems

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ecgogt

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CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900