Electronic Stability Control Market By Component, By Vehicle Type, By Vehicle Propulsion: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: ELECTRONIC STABILITY CONTROL MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Hydraulic Unit
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Sensors
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 ECU
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country

CHAPTER 5: ELECTRONIC STABILITY CONTROL MARKET, BY VEHICLE TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Passenger Cars
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Light Commercial Vehicles
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Heavy Commercial Vehicles
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country

CHAPTER 6: ELECTRONIC STABILITY CONTROL MARKET, BY VEHICLE PROPULSION
6.1 Overview
6.1.1 Market size and forecast
6.2 ICE
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Electric and Hybrid
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: ELECTRONIC STABILITY CONTROL MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.3 North America Market size and forecast, by Vehicle Type
7.2.4 North America Market size and forecast, by Vehicle Propulsion
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Component
7.2.5.1.3 Market size and forecast, by Vehicle Type
7.2.5.1.4 Market size and forecast, by Vehicle Propulsion
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Component
7.2.5.2.3 Market size and forecast, by Vehicle Type
7.2.5.2.4 Market size and forecast, by Vehicle Propulsion
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Component
7.2.5.3.3 Market size and forecast, by Vehicle Type
7.2.5.3.4 Market size and forecast, by Vehicle Propulsion
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.3 Europe Market size and forecast, by Vehicle Type
7.3.4 Europe Market size and forecast, by Vehicle Propulsion
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Component
7.3.5.1.3 Market size and forecast, by Vehicle Type
7.3.5.1.4 Market size and forecast, by Vehicle Propulsion
7.3.5.2 UK
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Component
7.3.5.2.3 Market size and forecast, by Vehicle Type
7.3.5.2.4 Market size and forecast, by Vehicle Propulsion
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Component
7.3.5.3.3 Market size and forecast, by Vehicle Type
7.3.5.3.4 Market size and forecast, by Vehicle Propulsion
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Component
7.3.5.4.3 Market size and forecast, by Vehicle Type
7.3.5.4.4 Market size and forecast, by Vehicle Propulsion
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Component
7.3.5.5.3 Market size and forecast, by Vehicle Type
7.3.5.5.4 Market size and forecast, by Vehicle Propulsion
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.3 Asia-Pacific Market size and forecast, by Vehicle Type
7.4.4 Asia-Pacific Market size and forecast, by Vehicle Propulsion
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Component
7.4.5.1.3 Market size and forecast, by Vehicle Type
7.4.5.1.4 Market size and forecast, by Vehicle Propulsion
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Component
7.4.5.2.3 Market size and forecast, by Vehicle Type
7.4.5.2.4 Market size and forecast, by Vehicle Propulsion
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Component
7.4.5.3.3 Market size and forecast, by Vehicle Type
7.4.5.3.4 Market size and forecast, by Vehicle Propulsion
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Component
7.4.5.4.3 Market size and forecast, by Vehicle Type
7.4.5.4.4 Market size and forecast, by Vehicle Propulsion
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Component
7.4.5.5.3 Market size and forecast, by Vehicle Type
7.4.5.5.4 Market size and forecast, by Vehicle Propulsion
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.3 LAMEA Market size and forecast, by Vehicle Type
7.5.4 LAMEA Market size and forecast, by Vehicle Propulsion
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Component
7.5.5.1.3 Market size and forecast, by Vehicle Type
7.5.5.1.4 Market size and forecast, by Vehicle Propulsion
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Component
7.5.5.2.3 Market size and forecast, by Vehicle Type
7.5.5.2.4 Market size and forecast, by Vehicle Propulsion
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Component
7.5.5.3.3 Market size and forecast, by Vehicle Type
7.5.5.3.4 Market size and forecast, by Vehicle Propulsion

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Robert Bosch GmbH
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Continental AG
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Hitachi, Ltd. (Hitachi Automotive Systems Ltd)
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Denso Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Johnson Electric Group
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 ZF Friedrichshafen AG
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Aisin Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Murata Manufacturing Co., Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Valeo SA
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Mando Corp.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

The Electronic Stability Control Market is likely to experience a significant growth rate of 8.3% from 2022-2031 owing to increasing market demand from electric and hybrid vehicles.

Electronic stability control (ESC) offers efficient vehicle control in critical driving situations and unfavorable road conditions such as wet and slippery surfaces. It also counteracts vehicle skidding movements for enhanced driving safety. ESC is integrated into passenger and commercial vehicles for enhanced driving experience, greater safety, and improved driving agility. The electronic stability control extends and links the anti-lock braking system (ABS), the electronic brake force distribution (EBD), and the traction control (TCS).

Significant factors that impact growth of the electronic stability control market include rise in integration of driver assistance systems, introduction of stringent regulations associated with vehicular safety, greater concerns related to road safety, and rise in demand for vehicles with advanced safety features. However, limited availability of raw materials and greater vehicle cost on account of integration of ESC restrict the growth of the global electronic stability control market. Furthermore, increase in development of autonomous vehicles, technological advancements, and rise in demand from developing economies would provide growth opportunities in the coming years.

Companies are installing a wider range of features and technologies in their vehicles to provide comfort and safety to consumers. In addition, technological advancement in electronic components, such as sensors and ECU, provides enhanced performance and improves the safety of the consumers. Market players are investing in research and development of advanced ESC to offer enhanced vehicular and road safety. They are focusing on obtaining high safety ranking for vehicles to strengthen market presence.

The electronic stability control market is segmented on the basis of component, vehicle type, vehicle propulsion, and region. By component, it is classified into hydraulic unit, sensors, and ECU. By vehicle type, it is fragmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. By vehicle propulsion, it is categorized into internal combustion engine (ICE) vehicles, and electric and hybrid vehicles. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study 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 players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in March 2022, Continental announced the establishment of a joint venture with Nisshinbo Holdings of Japan to strengthen ABS and ESC manufacturing in India. Nisshinbo offers machining for the production of valve blocks for anti-lock braking systems (ABS) and electronic stability control (ESC) units under the terms of the joint venture.

Key Market Insights

By component, the hydraulic unit segment was the highest revenue contributor to the market, and is estimated to reach $7.6 billion by 2031, with a CAGR of 7.5%. However, the sensors segment is estimated to be the fastest growing segment with the CAGR of 9.1% during the forecast period.

By vehicle type, the passenger cars segment dominated the global market, and is estimated to reach $11.4 billion by 2031, with a CAGR of 7.7%. However, the heavy commercial vehicles segment is expected to be the fastest growing segment during the forecast period.

Based on vehicle propulsion, the ICE segment was the highest revenue contributor to the market, with $7.6 billion in 2021, and is estimated to reach $14.1 billion by 2031, with a CAGR of 6.5%.

Based on region, Asia-Pacific was the highest revenue contributor, accounting for $3.6 billion in 2021, and is estimated to reach $8.5 billion by 2031, with a CAGR of 9.1%.

Companies Mentioned

• Robert Bosch GmbH
• Continental AG
• Hitachi, Ltd.
• Denso Corporation
• Johnson Electric Group
• Zf Friedrichshafen AG
• Aisin Corporation
• Murata Manufacturing Co. Ltd.
• Knorr-Bremse AG
• Mando Corp.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.