Electronic Stability Program for Automotive Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
An electronic stability program for automotive, also referred to as electronic stability control, or dynamic stability control, is a computerized controlled program that detects and reduces loss of traction in vehicle, thereby resulting in improved stability of the vehicle. The electronic stability program becomes active when a driver loses control of the vehicle and helps the driver to avoid crashes by reducing the chances of skidding, or losing control due to over-steering. It employs a number of intelligent sensors that detect any loss of control and automatically applies the brake to the relevant wheel, putting the vehicle back on the desired path.
Rise in demand for vehicle safety systems owing to the rising number of accidents and injuries is expected to drive the electronic stability program for automotive market during the forecast period. Furthermore, increase in technological advancements in the automobile industry and safety are expected to boost the electronic stability program for automotive market during the forecast period. The electronic stability program system market is likely to expand at a significant growth rate as all modern vehicles are equipped with electronic stability programs. This is due to the extensive demand for safety, as it detects and minimizes the loss of control and assists the driver by stabilizing the car during sudden evasive maneuvering. According to Australia Research, electronic stability program has reduced single car crashes by 25%. This is expected to drive the electronic stability program system market during the forecast period. The electronic stability program is expensive and includes a number of intelligent sensors, which can malfunction and results in faulty operation of the system. This is estimated to restraint the electronic stability program for automotive market during the forecast period.
The electronic stability control system market can be segmented based on product type, vehicle type, sales channel, and region. Based on product type, the electronic stability program for automotive market can be segregated into four segments. Among product type segments, the anti-lock brake system segment accounts for a prominent share of the market. The anti-lock brake system is a safety system that allows the wheel of the vehicle to maintain tractive contact with the road surface, according to the driver’s inputs, while braking, preventing the wheels from locking up and avoiding uncontrolled skidding.
Based on vehicle type, the electronic stability program for automotive market can be classified into passenger vehicles and commercial vehicles. The passenger vehicles segment accounts for a major share of the market owing to higher sales of vehicles and the increasing demand for safety systems among end-users. The passenger vehicles segment is expected to maintain its dominant position in the market during the forecast period.
Based on the sales channel, the electronic stability program for automotive market can be bifurcated into original equipment manufacturers (OEMs) and other segment. The OEMs segment accounts for a higher share of the electronic stability control system for automotive market, as compared to the other segment. This due to the higher consumer demand for vehicle’s safety and government mandatory norms, resulting in the incorporation of safety systems in modern vehicles.
Based on geography, the electronic stability program for automotive market can be segmented into five regions. Europe accounts for a major share of the global electronic stability program for automotive market owing to the high rate of adoption of the system and the expansion of the automotive sector, leading to an increased production of vehicles with safety system, especially in Germany, France, the U.K., and Spain. Major automobile manufacturers are established in this region, thereby fueling the electronic stability program market. Implementation of safety systems by regulatory bodies in the region is also a key factor that is estimated to propel the electronic stability program for automotive market during the forecast period.
Prominent players operating in the global electronic stability program for automotive market include Robert Bosch GmbH, Continental AG, Denso Corporation, ZF Friedrichshafen AG, Wabco, Delphi, Autoliv Inc., Hitachi, Ltd., Honeywell International Inc., TOYODA GOSEI Co., Ltd., and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.