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Electronic Stability Control System Market Share

  • Report ID: GMI4200
  • Published Date: Jul 2019
  • Report Format: PDF
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Electronic Stability Control System Market Share

  • ZF Friedrichshafen
  • Robert Bosch GmbH
  • Autoliv Inc.
  • Continental AG
  • Hitachi Automotive Systems Ltd.
  • Johnson Electric
  • WABCO

are some of the leading players in the electronic stability control system market. The manufacturers are inclined toward strengthening the product portfolio and expansion in manufacturing capabilities. In September 2018, ZF Friedrichshafen announced that it is expanding its safety system product offerings as well as manufacturing capacity in India to cater to the growing demand for safety systems in the country. The companies are integrating traction control systems and Anti-lock Braking System (ABS) with the electronic stability control system. Robert Bosch offers the system to improve vehicle safety in multiple critical driving situations.
 

Technological developments in the automotive sector are enabling the introduction of more compact, low-weight, and cost-optimized products in the electronic stability program market. There are significant developments in the commercial vehicle segment by manufacturers for electronic stability control systems. In October 2017, WABCO launched its electronic stability control systems for commercial vehicles in India. In April 2018, Bendix Commercial vehicles announced that it sold 600,000 units of electronic stability control systems in North America since its launch in 2005.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of vehicle tracking device in 2018 exceeded 18,984 thousand units with a industry value of over USD 600 million.

The industry share of electronic stability control system is estimated to grow at a CAGR of over 8% from 2019 to 2025.

According to the analysts at GMI, the global industry shipments are expected to reach 95 million units by 2025.

Customers are increasingly looking for more safety features when making their automobile purchased, which is subsequently impelling automakers to integrate electronic stability control systems in their vehicles.

Given the shifting consumer preferences, particularly in developed regions like Europe and North America, passenger vehicles are expected to contribute the most for market revenue growth in the coming years.

Europe is expected to make significant contributions to industry expansion due to several advancements in its automotive industry and strong presence of numerous premium car makers like BMW, Mercedes-Benz, Audi, and Maserati in the region.

Electronic Stability Control System Market Scope

  • Electronic Stability Control System Market Size
  • Electronic Stability Control System Market Analysis
  • Electronic Stability Control System Market Share

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    Premium Report Details

    • Base Year: 2018
    • Companies covered: 16
    • Tables & Figures: 206
    • Countries covered: 20
    • Pages: 170
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