Automotive Electronic Stability Control System Market Analysis, Key Growth Opportunities to 2023

1
Global Automotive Electronic Stability Control
System Market - Analysis of Growth, Trends, and
Forecast (2018 - 2023)
2
Automotive Electronic Stability Control System
Market
Market Overview
Every year, close to 50 million people are
injured in accidents globally, and about 3,300
people die every day from road crashes. 9/10ths
of the total casualties occur in the middle and
low-income countries that have less than half of
the worlds total vehicles. This is majorly
because of lack of safety systems in the
automobiles sold in those regions. But the use of
systems such as ESC is now growing in the
emerging markets which has led the market to
register a healthy CAGR of 9.57 during the
forecast period. Rising safety concerns to fuel
growth Electronic stability control detects loss
of traction and automatically applies brakes to
improve vehicles stability. Africa is a huge
potential market however, it will take a little
time for the electronic stability control systems
to become standard in the automobiles sold. The
sales of automobiles are currently very low but
are expected to grow exponentially, especially in
markets like Ghana and Nigeria that are
experiencing a rise in the disposable incomes.
But the highest growth in the forecast period is
expected to be shown by the Asia-Pacific region,
where there has been rising safety concerns and
more stringent regulations. India is forecasted
to show the highest rate of growth in the region.

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3
Automotive Electronic Stability Control System
Market
Market Segmentation
Slow economic growth in Latin America to hinder
market ESC Systems come as standard in most of
the luxury car models. The sales of luxury cars
are rising rapidly in the Asia-Pacific region,
which will boost the electronic stability control
systems market. Latin America is anticipated to
be the slowest growing market due to the sluggish
growth in the passenger and commercial vehicle
sales as a result of the poor economic growth
scenario. Overall, the market is predicted to
grow the fastest in the passenger vehicle segment
in the region. The growth in the market will be a
result of the tightening legislation all over the
world that will make it mandatory to have such
systems in the passenger and commercial
vehicles. The market has been segmented by
vehicle type (passenger vehicles, commercial
vehicles) and geography (North America, South
America, Europe, Middle East Africa and
Asia-Pacific).
Browse Details of 117 pages research report
developed on Automotive Electronic Stability
Control System Market

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• Kevin S
• Sales Manager
• kevin_at_researchcosmos.com
• 1 888 709 8757

4
Automotive Electronic Stability Control System
Market

• Key Developments in the Market
• January 2018 Michigan National Guard Humvees
  retrofitted with electronic stability control
  systems developed by Ricardo Defense Systems
• December 2017 Electronic stability control
  becomes mandatory for any new car sold within UK.
• Major players
• BOSCH, CONTINENTAL AG, HITACHI, TOYODA GOSEI, TRW
  AUTOMOTIVE amongst others.

• Contact
• Kevin S
• Sales Manager
• kevin_at_researchcosmos.com
• 1 888 709 8757

5
Automotive Electronic Stability Control System
Market

• Reasons to Purchase this Report
• The report analyses how the stringent emission
  control norms will drive the Automotive
  Electronic Stability Control System Market.
• Analyzing various perspectives of the market with
  the help of Porters five forces analysis.
• Study on the product type that is expected to
  dominate the market.
• Study on the regions that are expected to witness
  fastest growth during the forecast period.
• Identify the latest developments, market shares
  and strategies employed by the major market
  players.
• 3 months analyst support along with the Market
  Estimate sheet (in excel).
• Customization of the Report
• This report can be customized to meet the desired
  requirements. Please connect with our analyst,
  who will ensure that you get a report that suits
  your needs.

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• Kevin S
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• kevin_at_researchcosmos.com
• 1 888 709 8757

6
Automotive Electronic Stability Control System
Market
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• Contact
• Kevin S
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• kevin_at_researchcosmos.com
• 1 888 709 8757

7
Automotive Electronic Stability Control System
Market

• Contact
• Kevin S
• Sales Manager
• Research Cosmos
• www.researchcosmos.com
• kevin_at_researchcosmos.com
• 1 888 709 8757