The Latin America, Middle East and Africa Electronic Stability Control Market should witness market growth of 10.2% CAGR during the forecast period (2022-2028).
Electronic stability control systems greatly enhance vehicle control and stability. To help the driver maintain control of the car during sudden movements, the systems use computer control for separate wheel brakes. This is accomplished by keeping the automobile pointed in the direction the driver is steering, even when the car approaches or hits the limits of road traction. So, ESC would significantly improve road safety, thereby increasing the system's demands and propelling market growth.
Depending on whether the 4WD system is engaged, certain cars' ESC systems may automatically determine whether to function in off-road or on-road mode. When the vehicle is in 4WD High-range with the center differential locked or 4WD Low-range with the center differential closed, it immediately engages off-road traction control and disables ABS braking. When low-range or specific terrain modes are manually selected, most modern vehicles with completely electronically controlled 4WD systems automatically transition to an off-road-oriented mode of stability and traction control.
The Roads and Transport Authority (RTA) has exempted electric cars licensed in Dubai from public parking. On September 1, 2017, DEWA introduced the incentive of free charging for all EV users signed up for the DEWA EV Green Charger Project. For all non-commercial EV users who registered for the program, an incentive extension was introduced on January 1, 2020. The National Industrial Development Center (NIDC) wants to draw three to four original equipment manufacturers from throughout the ICE and EV value chain to meet the Kingdom's vision 2030 objective of producing 300,000 vehicles yearly with 40% local content by 2030. By offering loans, tax breaks, and tariff exemptions, NIDC encourages industrialization. These factors are driving the market growth in the region.
The Brazil market dominated the LAMEA Electronic Stability Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $248.2 Million by 2028. The Argentina market is experiencing a CAGR of 10.8% during (2022-2028). Additionally, The UAE market would display a CAGR of 9.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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).
Electronic stability control systems greatly enhance vehicle control and stability. To help the driver maintain control of the car during sudden movements, the systems use computer control for separate wheel brakes. This is accomplished by keeping the automobile pointed in the direction the driver is steering, even when the car approaches or hits the limits of road traction. So, ESC would significantly improve road safety, thereby increasing the system's demands and propelling market growth.
Depending on whether the 4WD system is engaged, certain cars' ESC systems may automatically determine whether to function in off-road or on-road mode. When the vehicle is in 4WD High-range with the center differential locked or 4WD Low-range with the center differential closed, it immediately engages off-road traction control and disables ABS braking. When low-range or specific terrain modes are manually selected, most modern vehicles with completely electronically controlled 4WD systems automatically transition to an off-road-oriented mode of stability and traction control.
The Roads and Transport Authority (RTA) has exempted electric cars licensed in Dubai from public parking. On September 1, 2017, DEWA introduced the incentive of free charging for all EV users signed up for the DEWA EV Green Charger Project. For all non-commercial EV users who registered for the program, an incentive extension was introduced on January 1, 2020. The National Industrial Development Center (NIDC) wants to draw three to four original equipment manufacturers from throughout the ICE and EV value chain to meet the Kingdom's vision 2030 objective of producing 300,000 vehicles yearly with 40% local content by 2030. By offering loans, tax breaks, and tariff exemptions, NIDC encourages industrialization. These factors are driving the market growth in the region.
The Brazil market dominated the LAMEA Electronic Stability Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $248.2 Million by 2028. The Argentina market is experiencing a CAGR of 10.8% during (2022-2028). Additionally, The UAE market would display a CAGR of 9.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Electronic Stability Control Market, by Component
1.4.2 LAMEA Electronic Stability Control Market, by Vehicle Propulsion
1.4.3 LAMEA Electronic Stability Control Market, by Vehicle Type
1.4.4 LAMEA 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. LAMEA Electronic Stability Control Market by Component
4.1 LAMEA Hydraulic Unit Market by Country
4.2 LAMEA Sensors Market by Country
4.3 LAMEA Electronic Control Unit Market by Country
Chapter 5. LAMEA Electronic Stability Control Market by Vehicle Propulsion
5.1 LAMEA ICE Market by Country
5.2 LAMEA Electric & Hybrid Market by Country
Chapter 6. LAMEA Electronic Stability Control Market by Vehicle Type
6.1 LAMEA Passenger cars Market by Country
6.2 LAMEA Light Commercial Vehicles Market by Country
6.3 LAMEA Heavy Commercial Vehicles Market by Country
Chapter 7. LAMEA Electronic Stability Control Market by Country
7.1 Brazil Electronic Stability Control Market
7.1.1 Brazil Electronic Stability Control Market by Component
7.1.2 Brazil Electronic Stability Control Market by Vehicle Propulsion
7.1.3 Brazil Electronic Stability Control Market by Vehicle Type
7.2 Argentina Electronic Stability Control Market
7.2.1 Argentina Electronic Stability Control Market by Component
7.2.2 Argentina Electronic Stability Control Market by Vehicle Propulsion
7.2.3 Argentina Electronic Stability Control Market by Vehicle Type
7.3 UAE Electronic Stability Control Market
7.3.1 UAE Electronic Stability Control Market by Component
7.3.2 UAE Electronic Stability Control Market by Vehicle Propulsion
7.3.3 UAE Electronic Stability Control Market by Vehicle Type
7.4 Saudi Arabia Electronic Stability Control Market
7.4.1 Saudi Arabia Electronic Stability Control Market by Component
7.4.2 Saudi Arabia Electronic Stability Control Market by Vehicle Propulsion
7.4.3 Saudi Arabia Electronic Stability Control Market by Vehicle Type
7.5 South Africa Electronic Stability Control Market
7.5.1 South Africa Electronic Stability Control Market by Component
7.5.2 South Africa Electronic Stability Control Market by Vehicle Propulsion
7.5.3 South Africa Electronic Stability Control Market by Vehicle Type
7.6 Nigeria Electronic Stability Control Market
7.6.1 Nigeria Electronic Stability Control Market by Component
7.6.2 Nigeria Electronic Stability Control Market by Vehicle Propulsion
7.6.3 Nigeria Electronic Stability Control Market by Vehicle Type
7.7 Rest of LAMEA Electronic Stability Control Market
7.7.1 Rest of LAMEA Electronic Stability Control Market by Component
7.7.2 Rest of LAMEA Electronic Stability Control Market by Vehicle Propulsion
7.7.3 Rest of LAMEA 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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