Electronic Stability Control (ESC) is highly effective in helping the driver maintain control of the car, thereby avoiding or reducing the severity of crashes. Electronic Stability Control (ESC) is a technology that improves the vehicle's stability by detecting and reducing loss of traction.
In the coming years, the increasing demand for luxury cars in the regions such as Europe and Asia-Pacific, mainly in China, India and Japan, is expected to drive the market. Sustainable growth in the electronic stability control system market will largely depend upon upcoming legislations in various countries. ESC systems are mandatory in developed countries, while legislations in developing countries are rapidly catching up creating high growth opportunities.
Globally, the Electronic Stability Control industry market is concentrated as the manufacturing technology of Electronic Stability Control is relatively matures than some high-tech equipment. And some enterprises, like Bosch, Continental, TRW Automotive, etc. are well-known for the wonderful performance of their Electronic Stability Control and related services. At the same time, Europe, occupied 32.67% production market share in 2015, is remarkable in the global Electronic Stability Control industry because of their market share and technology status of Electronic Stability Control.
In Europe and North America, ESC systems are well-established and have a high penetration rate. The use of these systems is also growing significantly in the Asia-Pacific and ROW regions, due to the increase in the consumer purchasing power and their preference for better safety measures and the introduction of legislation and policy framework mandating the installation of safety equipment in cars. Developing countries such as India, Russia, Brazil, and Mexico are expected to show a high growth rate in the demand for ESC systems.The consumption volume of Electronic Stability Control is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Electronic Stability Control industry may not keep that fast. But it is surely forecasted that the market of Electronic Stability Control is still promising.

According to this study, over the next five years the Electronic Stability Control (ESC) market will register a 3.4% CAGR in terms of revenue, the global market size will reach USD 13100 million by 2024, from USD 10700 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electronic Stability Control (ESC) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Stability Control (ESC) market by product type, application, key manufacturers and key regions and countries.

This study considers the Electronic Stability Control (ESC) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Vehicle Stability Control
Motorcycle Stability Control
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle
Commercial Vehicle
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Bosch
Continental
TRW Automotive
Denso
Aisin
Delphi Automotive
Hyundai Mobis
Autoliv
Knorr-Bremse
Mando
WABCO
Hitachi
Johnson Electric

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Electronic Stability Control (ESC) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electronic Stability Control (ESC) market by identifying its various subsegments.
Focuses on the key global Electronic Stability Control (ESC) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electronic Stability Control (ESC) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electronic Stability Control (ESC) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.