Electronic Stability Control Market Size to Reach $18.3 Billion by 2031: Allied Market Research

Growing concerns regarding road safety, high adoption of driver assistance systems, increase in demand for vehicles equipped with safety features, and implementation of stringent safety rules and regulations by governments across the world drive the growth of the global electronic stability control market. Based on region, the market in Asia-Pacific is likely to maintain its leadership status and would manifest the highest CAGR during the forecast timeframe.


Portland, OR, Dec. 01, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global electronic stability control market generated $8.4 billion in 2021, and is estimated to reach $18.3 billion by 2031, witnessing a CAGR of 8.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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Electronic Stability Control Industry Report Coverage & Details:

Report Coverage Details
Forecast Period 2022­–2031
Base Year 2021
Market Size in 2021 $8.4 Billion
Market Size in 2031 $18.3 Billion
CAGR 8.3%
No. of Pages in Report 250
Segments Covered Component, Vehicle Type, Vehicle Propulsion, and Region
Drivers Rise in concerns related to road safety.
High adoption of driver assistance systems.
High demand for vehicles equipped with safety features.
Implementation of stringent safety rules and regulations by governments across the world.
Opportunities Technological advancements.
Surge in adoption of autonomous vehicles and greater demand from emerging countries.
Restraints Increase in vehicle cost due to integration of electronic stability control and unavailability of raw materials.

Covid-19 Scenario:

  • The COVID-19 pandemic impacted the electronic stability control market negatively. The disruption of supply chain, the closing of manufacturing units, and the slowing down of economies in various nations led to a decrease in demand for electronic stability control.
  • Although, the automotive industry faced challenges during the pandemic due to a decline in vehicle sales and shortage of electronic components, the electronic stability control market is expected to experience growth in the coming years due to rising integration of electronic stability control in commercial vehicles.
  • Developing nations are introducing stringent safety rules and regulations and making it mandatory to integrate electronic stability control in passenger vehicles for enhanced safety.

The report offers a detailed segmentation of the global electronic stability control market based on component, vehicle type, vehicle propulsion, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

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Based on component, the hydraulic unit segment held the largest share of more than two-fifths of the global electronic stability control market in 2021, and is estimated to dominate the global market in terms of revenue during the forecast period. However, the sensors segment is expected to witness the fastest CAGR of 9.1% during the forecast period. The report also analyzes the ECU segment.

Based on vehicle type, the passenger cars segment was the largest in 2021, capturing two-thirds of the global electronic stability control market share, and is estimated to maintain its dominance during the forecast period. However, the heavy commercial vehicles segment is likely to grow at the highest CAGR of 10.1% during the forecast period.

Based on vehicle propulsion, the ICE segment was the largest in 2021, capturing over 90% of the global electronic stability control market share, and is likely to lead the trail through 2031. However, the electric and hybrid segment is estimated to witness the fastest CAGR of 18.3% during the forecast period.

Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than two-fifths of the global electronic stability control market share, and is likely to maintain its leadership status during the forecast timeframe. However, the market in the same region is expected to manifest the highest CAGR of 9.1% from 2022 to 2031. The other regions analyzed in the study include North America, Europe, and LAMEA.

Leading players of the global electronic stability control market analyzed in the research include Robert Bosch GmbH, Continental AG, Hitachi, Ltd., Denso Corporation, Johnson Electric Group, ZF Friedrichshafen AG, Aisin Corporation, Murata Manufacturing Co., Ltd., Knorr-Bremse AG, and Mando Corp.

The report analyzes these key players of the global electronic stability control market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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