PUBLISHER: Allied Market Research | PRODUCT CODE: 1193344
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193344
Electronic stability control is a crash avoidance technology that monitors the vehicle's direction of travel, steering wheel angle, and the speed at which the individual wheels are rotating to prevent loss of control. In an event of mismatch between the direction of travel of the vehicle and the intended direction of travel, as indicated by the steering wheel position, ESC selectively applies brakes and modulates the engine power to control the vehicle and steer it back to its intended path. It prevents skidding and loss of control in cases of over-steering and under-steering.
Companies such as Bosch, Continental, and Denso Corporation among others are developing advanced ESC systems to alter the brake bias between the wheels when onboard sensors detect a loss of steering control. Development of affordable ESC systems with advanced features to fit mid-level vehicles, is expected to increase its adoption in developing countries.
Electronic stability control is an important component in autonomous vehicles to ensure road safety and prevent accidents. The continuous developments in the area of autonomous vehicle by leading companies drive the growth of the market. In addition, factors such as technology advancement, rise in congestion in urban areas, consumer acceptance, and policy & legislation fuel the demand for autonomous vehicles and offer opportunities for electronic stability control market.
The global electronic stability control market is segmented on the basis of component, vehicle type, vehicle propulsion, and region. Based on component, the market is classified into hydraulic unit, sensors, and Engine control unit (ECU). On the basis of vehicle type, it is fragmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on vehicle propulsion, it is categorized into internal combustion engine (ICE) vehicles, and electric and hybrid vehicles. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market 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.
Key Benefits For Stakeholders
By Component
By Vehicle Type
By Vehicle Propulsion
By Region