esc industry share, electronic stability control esc market growth, electronic stability control esc market top players, electronic stability control esc market research, electronic stability control esc market forecast, electronic stability control esc industry analysis
What is the current size and annual growth rate of the electronic stability control (esc) market?
The electronic stability control (ESC) market size has grown strongly in recent years. It will grow from $36.51 billion in 2024 to $40.15 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to increasing demand for advanced vehicles, a rise in concern associated with road safety, growing awareness through campaigns, increasing government regulations, and high demand for vehicles equipped with safety features.
The electronic stability control (ESC) market size is expected to see strong growth in the next few years. It will grow to $58.17 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing safety standards, growing commercial vehicles, increasing demand for passenger vehicles, an increase in car sales, and increasing concerns for pedestrian safety. Major trends in the forecast period include safety technologies, technological advancements, automotive sensors, software components, and advanced control systems.
Get Your Free Sample of The Global Electronic Stability Control (ESC) Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20765&type=smp
Which major factors have contributed to the expansion of the electronic stability control (esc) market?
The increasing demand for passenger vehicles is expected to propel the growth of the electronic stability control (ESC) market. The increasing demand for passenger vehicles is driven by factors such as rising disposable incomes, urbanization, advancements in automotive technology, growing environmental awareness leading to a preference for electric vehicles, and the expansion of transportation infrastructure. Electronic stability control (ESC) boosts safety in passenger vehicles by automatically modulating brakes and engine performance to keep the vehicle stable and prevent loss of control. For instance, in February 2023, according to the European Automobile Manufacturers’ Association, an Italy-based vehicle industry association, global production of passenger cars reached over 68 million units in 2022, marking a 7.9% increase compared to 2021. Therefore, the increasing demand for passenger vehicles is driving the electronic stability control (ESC) market going forward.
How is the electronic stability control (esc) market segmented?
The electronic stability control (ESC) market covered in this report is segmented –
1) By Component: Wheels Speed Sensor; Yaw Rate Sensor; Electronic Control Unit; Antilock Braking System; Other Components
2) By Vehicle Type: Passenger Cars; Light Commercial Vehicles; Heavy Commercial Vehicles
3) By Vehicle Propulsion: Internal Combustion Engine; Electric And Hybrid
4) By End User: Original Equipment Manufacturer; Aftermarket
Subsegments:
1) By Wheel Speed Sensor: Single-Channel Wheel Speed Sensors; Multi-Channel Wheel Speed Sensors; Active Wheel Speed Sensors; Passive Wheel Speed Sensors
2) By Yaw Rate Sensor: 3D Yaw Rate Sensors; Digital Yaw Rate Sensors; MEMS-Based Yaw Rate Sensors; Gyroscopic Yaw Rate Sensors
3) By Electronic Control Unit (ECU): Centralized ECU For ESC Systems; Distributed ECU For ESC And Other Safety Systems; Dual-Processor ECUs For High-Performance Vehicles; ECU With Adaptive Control Algorithms
4) By Antilock Braking System (ABS): Integrated ESC And ABS Systems; ABS Sensors And Controllers For ESC; Full Function ABS With ESC Integration; Electromechanical ABS With ESC
5) By Other Components: Steering Angle Sensors; Brake Actuators; Hydraulic Control Units; Vehicle Dynamics Sensors; Communication Interfaces For ESC Integration
Order your report now for swift delivery
Who are the top competitors in the electronic stability control (esc) market?
Major companies operating in the electronic stability control (ESC) market are Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Aisin Corporation, Subaru Corporation, Scania AB, Aptiv PLC, STMicroelectronics N.V., Murata Manufacturing Co. Ltd., Hitachi Astemo Ltd., Analog Devices Inc., Renesas Electronics Corporation, JTEKT Corporation, Autoliv Inc., Hella GmbH & Co. KGaA, Mando Corporation, Brembo S.p.A., Johnson Electric Holdings Limited, Nexteer Automotive, Bendix Commercial Vehicle Systems LLC
Which key trends are expected to influence the electronic stability control (esc) market in the coming years?
Major companies operating in the electronic stability control (ESC) market are focused on developing compact and efficient systems with integrated cyber security features such as cryptographic keys to enhance vehicle safety, improve performance in various driving conditions, and meet the growing demands for electrification and automation in the automotive industry. Cryptographic keys in ESC systems are used to authenticate the system, encrypt data, secure boot processes, and protect communication channels, ensuring the integrity and security of vehicle safety systems. For instance, in May 2023, Continental AG, a Germany-based automotive parts manufacturing company, launched the MK 120 ESC, an advanced electronic brake system designed for electronic stability control (ESC) applications, featuring a lightweight and compact design that is approximately 5% lighter and 7% smaller than its predecessor while maintaining performance. It incorporates enhanced cybersecurity measures, including individual security keys for each unit, and supports over-the-air (OTA) functionality for software updates. It integrates advanced cyber security with features such as embedded hardware protection, unique security keys, and secure boot to ensure comprehensive vehicle safety.
Which regional trends are influencing the electronic stability control (esc) market, and which area dominates the industry?
North America was the largest region in the electronic stability control (ESC) market in 2024. The regions covered in the electronic stability control (ESC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Electronic Stability Control (ESC) Market Report 2025 Offer?
The electronic stability control (esc) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Electronic stability control (ESC) is a computerized system that improves vehicle stability by detecting and preventing traction loss, such as sliding. When the system detects a loss of steering control, it immediately applies brakes to individual wheels to assist the driver in maintaining control and avoiding an accident.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20765
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
