The Electronic Stability Control System (ESC) system, also known as the Electronic Stability Program, is an active safety system that can be installed in cars, cars, buses and trucks This system is an extension of antilock brake technology, with speed sensors and independent a it breaks for all wheels. The primary objective of the ESC is to prevent the vehicle from slipping under various driving conditions and conditions.
The market is expected to remain relatively stable owing to the increasing demand for advanced vehicles with superior safety features. The ESC controls how the vehicle backs up in abnormal conditions. Global automotive safety organization NCAP has also updated its policy to make ESC a standard feature on newly marketed vehicles to achieve a 5-star rating With the increasing demand for road vehicle safety, many manufacturers are installing ESC install a fixed car boot. Governments in various countries have made ESC mandatory on heavy vehicles to increase the number of accidents avoided.
Some prominent players in the global system market include:
· Robert Bosch GMBH
· Continental AG
· Denso Corporation
· Autoliv Inc.
· Delphi Automotive Plc
· Hitachi Ltd
· Knorr-Bremse AG
· Nissin Kogyo
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STATEMENTS OF WEIGHTING
To drive the growth of the market by increasing government regulations on vehicle safety across the globe
Increasing safety standards related to road and vehicle safety, as well as increasing government regulations are important factors driving the growth of the market All new vehicles are required by law to be equipped with these systems that meet specific performance and performance standards. The law was implemented in order to improve road safety and reduce the risk of accidents resulting from loss of control. The introduction of this regulation significantly increased the market demand for these systems. Manufacturers had to install ESC systems in their vehicles to comply with the regulations, increasing the use of electronic stability control systems This stimulated market growth because manufacturers had to the vehicle increases production and supply to meet regulatory requirements.
There is a growing effort by governments worldwide to harmonize safety regulations to ensure consistent standards across industries. The partnership aims to facilitate international trade and the exchange of vehicles across borders. As more countries align their regulations with international standards including the installation of mandatory ESC systems, the market is expected to expand.
Dividing the Market: Exploring Segmentation Strategies
by Type
· Passenger Cars
· Commercial Vehicles
by Sales Channel
· OEM
· Aftermarket
By Region
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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These programs are expected to be driven by increased demand for passenger vehicles. With an increasing emphasis on safety, consumers are increasingly recognizing the importance of advanced safety features in vehicles. ESC systems are known for their effectiveness in controlling power loss and increasing stability, and are considered important safety features. As consumer demand for safer vehicles increases, so does the number of passenger vehicles equipped with ESC systems. Automakers are trying to differentiate their vehicles in a highly competitive market. Advanced safety features with these systems can be a major selling point for passenger cars. Typically, automakers market ESC systems as basic safety technology, appealing to customers who prioritize safety features, thus driving demand for these systems
The growing commercial vehicle segment is expected to witness substantial growth during the forecast period. Commercial vehicles such as buses and trucks typically carry heavy loads and operate in a variety of driving conditions. These settings help improve the stability and handling of this vehicle, especially in situations such as sudden lane changes, high-speed cruising, or adverse road conditions triggered in the bulk Some others available.
Key Industry Developments In Electronic Stability Control Market
· January 2021, ZF has introduced improved safety and energy recovery highlights in its latest braking system for electric vehicles. This enables an optimized software interface. ZF's new braking system can be easily integrated and networked with Volkswagen's electronic architecture.
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