Electronic Stability Control System Market Analysis and Forecast to 2025 by Recent Trends, Development and Regional Growth Overview

By Ronak Bora

Europe electronic stability control system market is exhibiting immense growth potential on account of surging demand and increasing implementation of advanced vehicle safety features. Presence of EU mandate for the installation of vehicle stability assist systems in commercial vehicles as well as passenger cars will further complement the regional industry forecast.
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Electronic stability control system market trends are poised to gain immense momentum over the forecast years, owing to rise in fatal car crashes and serious vehicle accidents causing large-scale damage to the masses. Since the last few decades, the automotive industry has shifted its focus towards implementation of more active safety features like traction control system and antilock braking system which reduce the chances of crashes to a large extent during acceleration and in harsh driving conditions. This increasing demand to improve transport efficiency has undeniably impelled the expansion of the electronic stability control system market size.
Commercial vehicles are consistently becoming the leading mode of road transportation in the Asia Pacific region. As compared with other transportation vehicles, commercial vehicles exhibit greater safety risks and several performance limitations because of their features including unstable roll motion at higher speeds and poor maneuverability at low speeds. With the advent of the electronic stability control in cars, next-gen driver assistance concepts have taken root, and have played a significant role in contributing towards increasing safety on the roads.
A 2018 report by the U.S. National Highway Traffic Safety Administration (NHTSA) suggests that with the introduction of electronic stability control (ESC) systems, there has been a considerable reduction in passenger vehicle crashes by 34% and SUV crashes by 59%. ESC systems also substantially reduce rollover accidents. Nowadays, commercial vehicles are already incorporated with ESC systems and these vehicles are specifically designed to mitigate understeer and oversteer conditions as well as reduce untripped crashes.
Of late, India-based multinational automotive manufacturing companies have been working to launch medium and heavy commercial vehicles with electronic stability control with an aim to make Indian roads safer and more secure. The growing adoption of ESC systems and increasing number of safety innovations in several vehicles will further strengthen the regional electronic stability control system market size.
The robust implementation of the intelligent vehicle systems in the automotive sector has enhanced safety protocols while driving and has created an efficient transportation system for vehicle users. From high-tech sensors to vehicle roll rate sensors – everything is being implemented by the manufacturers in the latest vehicles to maintain the stability of the vehicles and reduce any kind of mishap in the future.
The enforcement of favorable government policies are likely to impact the industry outlook. In 2018, the Ministry of Road Transport & Highways of India had announced that by 2023 all Indian vehicles should be compulsorily equipped with safety breaking features like autonomous braking and ESC.  This will further generate lucrative opportunities for automotive players in the electronic stability control system market.
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Major companies that have captured a prominent proportion of electronic stability control system market share include ZF Friedrichshafen, General Motors (StabiliTrak), Johnson Electric, Robert Bosch GmbH, Autoliv, IAV Engineering, Denso Corporation and Johnson Electric.
Partial Chapter of the Table of Content
Chapter 4. Electronic Stability Control System Market, By Vehicle Type (Revenue, Shipment)
4.1. Key trends in market, by vehicle type
4.2. Passenger cars
4.2.1. Market estimates and forecast, 2015 – 2025
4.3. Light Commercial Vehicle (LCVs)
4.3.1. Market estimates and forecast, 2015 – 2025
4.4. Heavy Commercial Vehicle (HCVs)
4.4.1. Market estimates and forecast, 2015 – 2025
Chapter 5. Electronic Stability Control System Market, By Component (Revenue)
5.1. Key trends in market, by component
5.2. Hydraulic unit
5.2.1. Market estimates and forecast, 2015 – 2025
5.3. Sensors
5.3.1. Market estimates and forecast, 2015 – 2025
5.4. Electronic control unit (ECU)
5.4.1. Market estimates and forecast, 2015 – 2025
Charts & Figures
FIG. 1 Electronic stability control system market segmentation
FIG. 2 Global market, 2015 - 2025 (USD Million)
FIG. 3 Industry ecosystem analysis
FIG. 4 Growth potential analysis
FIG. 5 Porter’s analysis
FIG. 6 Company market share, 2018
FIG. 7 PESTEL analysis
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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