The Asia Pacific Electronic Stability Control Market should witness market growth of 8.4% CAGR during the forecast period (2022-2028).
Intermediate-level ESC systems either disable ABS or actively lock the wheels while using the brakes. These systems or vehicles without ABS substantially enhance emergency braking performance in slick circumstances. The gripping state can change quickly and unpredictably off-road when combined with inertia. The tires do not have to deal with the wheel rolling (which provides little braking force) and repeatedly braking when the brakes are applied, and the wheels are locked. The tires' consistent grip allows them to take full advantage of traction wherever it may be found. More aggressive tread designs exacerbate this effect by allowing the vast tread lugs to dig into substrate flaws or surface irregularities and pull debris in front of the tire, further increasing rolling resistance.
To reduce the likelihood of such runaway events happening to inexperienced drivers and to provide a more consistent and safe descent than either no ABS or ABS oriented towards on-road driving, many more modern vehicles are built for off-road use and come equipped with Hill Descent Control systems. These systems are designed to descend at a constant pace (or a speed set by the user), utilizing full locking brakes when necessary and strategic braking or acceleration at the correct times to ensure that all of the wheels rotate at the same rate.
One of the primary economic pillars of India is the automotive sector. It is a significant growth engine with strong backward and forward connections. A dynamic, competitive sector and the introduction of numerous new companies brought about by liberalization and deliberate governmental interventions over the past few years led to an increase in the capacity of the car industry and the creation of significant jobs. This sector's share of the national GDP increased from 2.77% in 1992-1993 to around 7.1% presently. India is quickly becoming a significant automobile center.
The China market dominated the Asia Pacific Electronic Stability Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,433.7 Million by 2028. The Japan market is estimated to grow a CAGR of 7.7% during (2022-2028). Additionally, The India market would experience a CAGR of 9% during (2022-2028).
Based on Component, the market is segmented into Hydraulic Unit, Sensors and Electronic Control Unit. Based on Vehicle Propulsion, the market is segmented into ICE and Electric & Hybrid. Based on Vehicle Type, the market is segmented into Passenger cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Johnson Electric Holdings Limited, Aisin Corporation (Toyota Motor Corporation), Valeo SA, Murata Manufacturing Co., Ltd., Hitachi, Ltd., Knorr-Bremse AG, ZF Friedrichshafen AG (TRW), and Mando Corporation (Halla Group).
Intermediate-level ESC systems either disable ABS or actively lock the wheels while using the brakes. These systems or vehicles without ABS substantially enhance emergency braking performance in slick circumstances. The gripping state can change quickly and unpredictably off-road when combined with inertia. The tires do not have to deal with the wheel rolling (which provides little braking force) and repeatedly braking when the brakes are applied, and the wheels are locked. The tires' consistent grip allows them to take full advantage of traction wherever it may be found. More aggressive tread designs exacerbate this effect by allowing the vast tread lugs to dig into substrate flaws or surface irregularities and pull debris in front of the tire, further increasing rolling resistance.
To reduce the likelihood of such runaway events happening to inexperienced drivers and to provide a more consistent and safe descent than either no ABS or ABS oriented towards on-road driving, many more modern vehicles are built for off-road use and come equipped with Hill Descent Control systems. These systems are designed to descend at a constant pace (or a speed set by the user), utilizing full locking brakes when necessary and strategic braking or acceleration at the correct times to ensure that all of the wheels rotate at the same rate.
One of the primary economic pillars of India is the automotive sector. It is a significant growth engine with strong backward and forward connections. A dynamic, competitive sector and the introduction of numerous new companies brought about by liberalization and deliberate governmental interventions over the past few years led to an increase in the capacity of the car industry and the creation of significant jobs. This sector's share of the national GDP increased from 2.77% in 1992-1993 to around 7.1% presently. India is quickly becoming a significant automobile center.
The China market dominated the Asia Pacific Electronic Stability Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,433.7 Million by 2028. The Japan market is estimated to grow a CAGR of 7.7% during (2022-2028). Additionally, The India market would experience a CAGR of 9% during (2022-2028).
Based on Component, the market is segmented into Hydraulic Unit, Sensors and Electronic Control Unit. Based on Vehicle Propulsion, the market is segmented into ICE and Electric & Hybrid. Based on Vehicle Type, the market is segmented into Passenger cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Johnson Electric Holdings Limited, Aisin Corporation (Toyota Motor Corporation), Valeo SA, Murata Manufacturing Co., Ltd., Hitachi, Ltd., Knorr-Bremse AG, ZF Friedrichshafen AG (TRW), and Mando Corporation (Halla Group).
Scope of the Study
By Component
- Hydraulic Unit
- Sensors
- Electronic Control Unit
By Vehicle Propulsion
- ICE
- Electric & Hybrid
By Vehicle Type
- Passenger cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Continental AG
- Johnson Electric Holdings Limited
- Aisin Corporation (Toyota Motor Corporation)
- Valeo SA
- Murata Manufacturing Co., Ltd.
- Hitachi, Ltd.
- Knorr-Bremse AG
- ZF Friedrichshafen AG (TRW)
- Mando Corporation (Halla Group)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electronic Stability Control Market, by Component
1.4.2 Asia Pacific Electronic Stability Control Market, by Vehicle Propulsion
1.4.3 Asia Pacific Electronic Stability Control Market, by Vehicle Type
1.4.4 Asia Pacific Electronic Stability Control Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Electronic Stability Control Market
Chapter 4. Asia Pacific Electronic Stability Control Market by Component
4.1 Asia Pacific Hydraulic Unit Market by Country
4.2 Asia Pacific Sensors Market by Country
4.3 Asia Pacific Electronic Control Unit Market by Country
Chapter 5. Asia Pacific Electronic Stability Control Market by Vehicle Propulsion
5.1 Asia Pacific ICE Market by Country
5.2 Asia Pacific Electric & Hybrid Market by Country
Chapter 6. Asia Pacific Electronic Stability Control Market by Vehicle Type
6.1 Asia Pacific Passenger cars Market by Country
6.2 Asia Pacific Light Commercial Vehicles Market by Country
6.3 Asia Pacific Heavy Commercial Vehicles Market by Country
Chapter 7. Asia Pacific Electronic Stability Control Market by Country
7.1 China Electronic Stability Control Market
7.1.1 China Electronic Stability Control Market by Component
7.1.2 China Electronic Stability Control Market by Vehicle Propulsion
7.1.3 China Electronic Stability Control Market by Vehicle Type
7.2 Japan Electronic Stability Control Market
7.2.1 Japan Electronic Stability Control Market by Component
7.2.2 Japan Electronic Stability Control Market by Vehicle Propulsion
7.2.3 Japan Electronic Stability Control Market by Vehicle Type
7.3 India Electronic Stability Control Market
7.3.1 India Electronic Stability Control Market by Component
7.3.2 India Electronic Stability Control Market by Vehicle Propulsion
7.3.3 India Electronic Stability Control Market by Vehicle Type
7.4 South Korea Electronic Stability Control Market
7.4.1 South Korea Electronic Stability Control Market by Component
7.4.2 South Korea Electronic Stability Control Market by Vehicle Propulsion
7.4.3 South Korea Electronic Stability Control Market by Vehicle Type
7.5 Singapore Electronic Stability Control Market
7.5.1 Singapore Electronic Stability Control Market by Component
7.5.2 Singapore Electronic Stability Control Market by Vehicle Propulsion
7.5.3 Singapore Electronic Stability Control Market by Vehicle Type
7.6 Malaysia Electronic Stability Control Market
7.6.1 Malaysia Electronic Stability Control Market by Component
7.6.2 Malaysia Electronic Stability Control Market by Vehicle Propulsion
7.6.3 Malaysia Electronic Stability Control Market by Vehicle Type
7.7 Rest of Asia Pacific Electronic Stability Control Market
7.7.1 Rest of Asia Pacific Electronic Stability Control Market by Component
7.7.2 Rest of Asia Pacific Electronic Stability Control Market by Vehicle Propulsion
7.7.3 Rest of Asia Pacific Electronic Stability Control Market by Vehicle Type
Chapter 8. Company Profiles
8.1 Robert Bosch GmbH
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Continental AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Johnson Electric Holdings Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.4 Aisin Corporation (Toyota Motor Corporation)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.5 Valeo SA
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.6 Murata Manufacturing Co., Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Geographical Expansions:
8.7 Hitachi, Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Knorr-Bremse AG
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 ZF Friedrichshafen AG (TRW)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Mando Corporation (Halla Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
Companies Mentioned
- Robert Bosch GmbH
- Continental AG
- Johnson Electric Holdings Limited
- Aisin Corporation (Toyota Motor Corporation)
- Valeo SA
- Murata Manufacturing Co., Ltd.
- Hitachi, Ltd.
- Knorr-Bremse AG
- ZF Friedrichshafen AG (TRW)
- Mando Corporation (Halla Group)
Methodology
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