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Electronic Stability Control (ESC) - Global Strategic Business Report

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    Report

  • 242 Pages
  • August 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804314
The global market for Electronic Stability Control (ESC) was estimated at US$41.7 Billion in 2023 and is projected to reach US$71.7 Billion by 2030, growing at a CAGR of 8.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Electronic Stability Control (ESC) Market - Key Trends and Drivers Summarized

How Is Electronic Stability Control (ESC) Enhancing Vehicle Safety?

Electronic Stability Control (ESC) is a critical automotive safety technology that improves vehicle stability by detecting and reducing loss of traction during sharp turns or sudden maneuvers. When ESC senses that a vehicle is beginning to skid or lose control, it automatically applies the brakes to individual wheels and, if necessary, reduces engine power. This intervention helps the driver maintain control and prevent the vehicle from veering off the road or rolling over. The implementation of ESC is particularly important in adverse weather conditions such as rain or snow, where the risk of accidents increases significantly. By preventing potential skids or loss of control, ESC plays a vital role in reducing the number of road accidents, thereby saving lives and reducing injuries.

What Innovations Are Enhancing the Functionality of Electronic Stability Control?

Recent innovations in Electronic Stability Control systems are focused on integrating ESC with other advanced driver-assistance systems (ADAS) to enhance overall vehicle safety and performance. For example, modern ESC systems are often combined with anti-lock braking systems (ABS) and traction control systems (TCS) to provide a comprehensive safety solution that addresses multiple aspects of vehicle dynamics. Additionally, the integration of ESC with adaptive cruise control and lane keeping assist technologies allows for more nuanced and situation-specific interventions, further improving vehicle stability and driver control. Developments in sensor technology, such as more accurate gyroscopes and accelerometers, are also enhancing the responsiveness and precision of ESC systems, making them more effective in preventing accidents.

How Does Electronic Stability Control Impact Environmental Sustainability?

Electronic Stability Control contributes to environmental sustainability indirectly by promoting safer and more efficient driving. ESC helps maintain optimal control and stability, which can lead to smoother driving patterns and reduced sudden accelerations or decelerations. This efficient driving behavior can help improve fuel economy and reduce vehicle emissions over time. Additionally, by helping to prevent accidents and the associated vehicle damage, ESC systems reduce the need for energy-intensive auto repairs and the production of replacement parts, which often involve significant material and energy consumption. Thus, while the primary focus of ESC is on safety, its benefits extend to environmental considerations by promoting more sustainable driving behaviors and vehicle longevity.

What Trends Are Driving Growth in the Electronic Stability Control Market?

The growth of the Electronic Stability Control market is primarily driven by increasing global safety regulations, consumer demand for safer vehicles, and advancements in automotive technology. Many countries have implemented regulations that require ESC systems in all new vehicles, recognizing their effectiveness in preventing accidents. This regulatory push is a major driver for the widespread adoption of ESC technology. Additionally, consumer awareness of vehicle safety features has increased, with more buyers prioritizing advanced safety systems when purchasing new vehicles. The automotive industry's shift towards more intelligent and connected vehicles also supports the integration of advanced control systems like ESC. As part of broader efforts to develop fully autonomous vehicles, ESC serves as a foundational technology for ensuring vehicle stability and safety. These trends ensure continued investments and innovations in the ESC market, making it an integral part of modern automotive safety engineering.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Passenger Cars End-Use segment, which is expected to reach US$48.5 Billion by 2030 with a CAGR of a 8.9%. The Light Commercial Vehicles End-Use segment is also set to grow at 7.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $11.1 Billion in 2023, and China, forecasted to grow at an impressive 7.5% CAGR to reach $11.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Electronic Stability Control (ESC) Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electronic Stability Control (ESC) Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Electronic Stability Control (ESC) Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Continental AG, Delphi Automotive PLC, Denso Corporation, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

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

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • Electronic Stability Control (ESC) - Global Key Competitors Percentage Market Share in 2024 (E)
  • Global Economic Update
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Global Emphasis on Automotive Safety Drives ESC Adoption
  • Integration of Advanced Driver Assistance Systems (ADAS) Spurs ESC Developments
  • Regulatory Mandates for Vehicle Safety Systems Propel ESC Implementation
  • Market Trends Toward Connected and Autonomous Vehicles Influence ESC Technologies
  • Expansion of the Automotive Market in Emerging Economies Drives ESC Demand
  • Advances in Software Algorithms for Improved Stability Control
  • Technological Synergies Between ESC and Electric Vehicles
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Electronic Stability Control (ESC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 3: World 16-Year Perspective for Electronic Stability Control (ESC) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 6: World 16-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • TABLE 7: World Electronic Stability Control (ESC) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Light Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Light Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Light Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Heavy Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Heavy Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Heavy Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • NHTSA's ESC Mandate Seeks to Improve Safety
  • US: NTSB Recommends ABS and ESC as Standard Equipment for New Motorcycles
  • Federal Mandate Requires Class 7 & 8 Tractors to be Equipped with ESC Systems
  • TABLE 14: USA Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 15: USA Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 16: USA 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
CANADA
  • TABLE 17: Canada Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 18: Canada Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 19: Canada 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
JAPAN
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • TABLE 20: Japan Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 21: Japan Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 22: Japan 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
CHINA
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • TABLE 23: China Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 24: China Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 25: China 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
EUROPE
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Vehicle Safety Standards in the EU - A Review
  • TABLE 26: Europe Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 27: Europe Historic Review for Electronic Stability Control (ESC) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 28: Europe 16-Year Perspective for Electronic Stability Control (ESC) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
  • TABLE 29: Europe Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 30: Europe Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 31: Europe 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
FRANCE
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • TABLE 32: France Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 33: France Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 34: France 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
GERMANY
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • TABLE 35: Germany Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 36: Germany Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 37: Germany 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
ITALY
  • TABLE 38: Italy Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 39: Italy Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 40: Italy 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • TABLE 41: UK Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 42: UK Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 43: UK 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
REST OF EUROPE
  • TABLE 44: Rest of Europe Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 45: Rest of Europe Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 46: Rest of Europe 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Electronic Stability Control (ESC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • India - ABS Becomes Mandatory for Two-Wheelers
  • India: ESC and AEB to Become Mandatory for Cars by 2022-23
  • TABLE 47: Asia-Pacific Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 48: Asia-Pacific Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 49: Asia-Pacific 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
REST OF WORLD
  • TABLE 50: Rest of World Recent Past, Current & Future Analysis for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 51: Rest of World Historic Review for Electronic Stability Control (ESC) by End-Use - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 52: Rest of World 16-Year Perspective for Electronic Stability Control (ESC) by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles for the Years 2014, 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Hitachi Ltd.
  • Hyundai Mobis Co., Ltd.
  • Knorr-Bremse AG
  • Mando Corporation
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG

Table Information