Electronic stability control system, also known as dynamic stability control is computerized system which allows to improve the stability of car from skidding and the driver from losing control of the vehicle while braking, cornering, or making a sudden maneuver. The system get programmed to get automatically activated when loss of control or instability of detected by the system allowing the driver to have more control over the vehicle.
The electronic stability control system market is experiencing owing to growing emphasis by end users for vehicle safety. However, shortage of microprocessor due to the COVID-19 is hampering the growth of the electronic stability control system market. Meanwhile, increasing homologation standard across the globe is projected to flourish the electronic stability control system market.
The "Electronic Stability Control System Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation with a special focus on the global market trend analysis. The report aims to provide an overview of electronic stability control system market with detailed market segmentation by component, vehicle type, and geography. The global electronic stability control system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electronic stability control system market players and offers key trends and opportunities in the electronic stability control system market.
The global electronic stability control system market is segmented on the basis of component and vehicle type. Based on component, the market is segmented into hydraulic control unit, sensors, electronic control unit (ecu), and others. Based on vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electronic stability control system market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electronic stability control system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electronic stability control system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porters five forces analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electronic stability control system market in these regions.
The reports cover key developments in the electronic stability control system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electronic stability control system market are anticipated to lucrative growth opportunities in the future with the rising demand for electronic stability control system market. Below mentioned is the list of few companies engaged in the electronic stability control system market.
IMPACT OF COVID-19 ON ELECTRONIC STABILITY CONTROL SYSTEM MARKET
The outbreak of COVID-19 has significantly impacted various industries including the automotive industry. Containment measures were imposed by governments across the globe such as trade restriction and factor shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures has disrupted the supply chain of automotive manufacturers. Automotive Manufacturers are facing bottleneck in their supply chain owing to microchip shortage which is caused decrease in production volumes and delay in deliveries of vehicles which has negatively impacted the automotive industry.
The report also includes the profiles of key electronic stability control system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AISIN GROUP
- ADVICS CO.,LTD.
- Knorr-Bremse AG
- Continental AG
- Hitachi Automotive Systems, Ltd.
- Bosch Mobility Solutions
- Johnson Electric Holdings Limited
- Murata Manufacturing Co., Ltd.
- ZF Friedrichshafen AG