Overview

The automotive electronic stability control system market was valued at USD 40.65 billion in 2022 and is expected to expand to USD 106.91 billion by 2032, with an increase in CAGR of more than 11.34%.

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• Over the medium term, the growing production of vehicles integrating Advanced Driver Assistance Systems (ADAS) in response to increasing awareness of passenger comfort and safety, alongside government regulations mandating safety features, is anticipated to drive market demand. Additionally, the rising acceptance of self-driving or automated vehicles further contributes to market growth.
• Annually, approximately 1.25 million people lose their lives in road accidents, with the highest numbers reported in developing countries. To address this issue, many governments worldwide have begun imposing stringent regulations to reduce road accidents. Major Original Equipment Manufacturers (OEMs) have initiated investments in Research and Development (R&D) to develop superior technology. The combination of increasing concerns about vehicle safety, adoption of advanced braking systems, AI-powered systems, and government vehicle safety regulations, along with the growth in vehicle production globally, is expected to fuel the growth of the automotive electronic stability control system market during the forecast period.
• Many OEMs are outfitting their products with electronic stability control systems, particularly in medium- and luxury cars. These systems have been effective in reducing fatal run-off-road crashes by 36% for passenger cars and 7% for light trucks and vans. With the anticipated rise in autonomous vehicles, expected to register a Compound Annual Growth Rate (CAGR) of over 21% during the forecast period, this market is projected to experience a high growth rate in the latter half of the forecast period.

Key Trends Shaping the Automotive Electronic Stability Control Systems Market

Growing Adoption of Advanced Driver Assistance Systems (ADAS) in Vehicles

• The market is driven by growing customer awareness regarding the importance of advanced emergency braking systems, fueled by the increasing number of road accidents. Governments worldwide are encouraging the adoption of such safety features, with countries like the United States, Australia, Japan, and many others mandating the electronic stability control system.
• Increasing disposable income and evolving customer preferences toward vehicles equipped with comprehensive safety features are further propelling market growth. The passenger cars segment is anticipated to lead the market during the forecast period, capturing 66% of the global automotive market. The rising production of passenger vehicles globally is a significant factor in maintaining the dominance of this segment.
• Governments across the globe are focusing on implementing legislative policies and regulations to monitor vehicle safety. They are advocating for the mandatory installation of Advanced Driver Assistance Systems (ADAS) components to mitigate the increasing number of road accidents. For example, the Indian government has mandated the requirement for Anti-lock Braking Systems (ABS) on motorcycles to improve vehicle safety, with plans to make Electronic Stability Control (ESC) and Autonomous Emergency Braking (AEB) mandatory in cars.
• The autonomous vehicle technology market, particularly level 4 and 5 autonomous cars, is expected to grow significantly globally. By 2030, the autonomous vehicle market is projected to reach a value of 60 billion USD. The North American region is forecasted to account for up to 30% of the world’s self-driving cars, with China and Western Europe holding 24%. These factors are expected to positively contribute to the growth of the electronic stability systems market.

Automotive Electronic Stability Control Systems Market Leaders

• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Autoliv Inc.
• Delphi Automotive LLP
• Nissin Kogyo
• Hitachi Automotive Systems Limited
• Knorr-Bremse AG
• ZF Friedrichshafen AG
• ADVICS CO.,LTD.

Market Segmentation

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Component

• Sensor
• ECU
• Actuator
• Other Components

By Sales Channel

• OEM
• Aftermarket

By Geography

• North America
  • United States
  • Canada
  • Mexico
  • Rest Of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle-East and Africa
  • South America
  • Rest of Middle East and Africa

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