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.
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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