Market Size of Automotive Electronic Stability Control Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Electronic Stability Control Systems Market Analysis
The automotive electronic stability control system market was valued at USD 40.84 billion in the current year and is projected to grow to USD 74.35 billion by the next five years, registering a CAGR of more than 10.5% in terms of revenue during the forecast period.
Over the medium term, Growing production of vehicles with integrated ADAS features in the wake of rising awareness toward the comfort and safety of passengers and government regulations mandating safety features is expected to drive demand in the market. Moreover, the rising acceptance of self-driving or automated vehicles further contributes to the enhanced growth of the market.
Every year, around 1.25 million people are killed in road accidents. The highest numbers are from developing countries. Many governments across the globe have started to impose stringent regulations to curb rising road accidents. Major OEMs have started investing in R&D to develop superior technology. Increasing concerns about vehicle safety, the adoption of advanced braking systems, advanced AI-powered systems, and government vehicle safety norms combined with growth in vehicle production worldwide are expected to help the automotive electronic stability control system market grow during the forecasted period.
Many OEMs are equipping their products with electronic stability control systems in most medium- and luxury cars. Electronic stability control systems have reduced fatal run-off-road crashes by 36% for passenger cars and 7% for light trucks and vans. With the increase in autonomous vehicles, which is expected to register a CAGR of over 21% during the forecasted period, this market is expected to have a high growth rate during the latter half of the forecasted period.
Automotive Electronic Stability Control Systems Industry Segmentation
An automotive electronic stability control system is designed to control and maintain the stability of the vehicles. The system prevents the vehicle from skidding and prevents the vehicle from crashing.
The automotive electronic stability control system market is segmented into vehicle type, component, sales channel, and geography. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on the components, the market is segmented into sensors, ECUs, actuators, and other components. Based on the sales channel, the market is segmented into OEM and aftermarket. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
For each segment, the market sizing and forecast have been done based on the value (USD).
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Component | |
| Sensor | |
| ECU | |
| Actuator | |
| Other Components |
| By Sales Channel | |
| OEM | |
| Aftermarket |
| By Geography | |||||||
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Automotive Electronic Stability Control Systems Market Size Summary
The automotive electronic stability control systems market is poised for significant expansion over the forecast period, driven by the increasing integration of advanced driver-assistance systems (ADAS) in vehicles. This growth is largely attributed to heightened awareness of passenger safety and comfort, alongside stringent government regulations mandating such safety features. The market is further bolstered by the rising acceptance and production of autonomous vehicles, which are expected to contribute to a substantial increase in demand for electronic stability control systems. As governments worldwide impose stricter safety regulations to reduce road accidents, major original equipment manufacturers (OEMs) are investing heavily in research and development to enhance vehicle safety technologies, including advanced braking and AI-powered systems.
The market's growth trajectory is supported by the increasing consumer preference for vehicles equipped with comprehensive safety features, particularly in the passenger car segment, which is anticipated to dominate the market. The global rise in vehicle production, coupled with the growing disposable income and changing consumer preferences, is expected to sustain the market's expansion. Regions such as China and India present lucrative opportunities due to their burgeoning automotive markets and gradual adoption of advanced vehicle technologies. Key industry players, including Robert Bosch GmbH, Continental AG, and Denso Corporation, are actively expanding their operations and forming strategic partnerships to develop and implement cutting-edge electronic stability control systems, further driving market growth during the forecast period.
Automotive Electronic Stability Control Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Growing Adoption of ADAS Features in Vehicles
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1.2 Market Restraints
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1.2.1 High Maintenance Cost May Hinder the Market Growth
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value USD)
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2.1 By Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 By Component
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2.2.1 Sensor
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2.2.2 ECU
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2.2.3 Actuator
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2.2.4 Other Components
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2.3 By Sales Channel
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2.3.1 OEM
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2.3.2 Aftermarket
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest Of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 South America
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2.4.4.2 Middle-East and Africa
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Automotive Electronic Stability Control Systems Market Size FAQs
What is the current Automotive Electronic Stability Control Systems Market size?
The Automotive Electronic Stability Control Systems Market is projected to register a CAGR of greater than 10.5% during the forecast period (2024-2029)
Who are the key players in Automotive Electronic Stability Control Systems Market?
Robert Bosch GmbH , Continental AG, Denso Corporation, ZF Friedrichshafen AG and ADVICS CO.,LTD. are the major companies operating in the Automotive Electronic Stability Control Systems Market.
