Automotive Electronic Stability Control Market to Reflect Impressive Growth Rate by 2027 – Autoliv, Continental AG, Fujitsu, Hitachi, HONEYWELL INTERNATIONAL, Johnson Electric Holdings Limited and Robert Bosch GmbH
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Electronic stability control detects and reduces the loss of traction and applies brake to control the steering of the vehicle where the driver intends to go. Growing awareness around safety features in the vehicle steers the manufacturing and integration of advanced safety technologies in vehicles, which is boosting the market growth. Also, the rising demand for the automobile in emerging nations is inducing the automotive electronic stability control market growth in developing nations.
The automotive electronic stability control system effectively reduces the chances of error and accidents during the driving, which is the prime driver of the automotive electronic stability control market. Additionally, an increase in demand for luxury & premium cars across the globe and implementation of firm regulatory norms on safety and security in the vehicle are also driving the market. However, the fluctuating price of raw materials and complex reconfiguration system is restraining the automotive electronic stability control market growth. Moreover, the proliferation of autonomous and semi-autonomous vehicles are creating an opportunity for the automotive electronic stability control market.
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Some of The Major Players In Global Market:
1. Autoliv Inc
2. Continental AG
3. Fujitsu Ltd
4. Hitachi, Ltd.
5. HONEYWELL INTERNATIONAL INC
6. Johnson Electric Holdings Limited
7. Robert Bosch GmbH
8. TOYODA GOSEI Co., Ltd
10. ZF Friedrichshafen AG
The global automotive electronic stability control market is segmented on the basis of type and vehicle type. Based on type, the market is segmented as electrical brake distribution, anti-lock brake system, traction control system, vehicle dynamic control, and other. On the basis of the vehicle type the market is segmented into passenger cars, LCVs, and M&HCVs.
The Automotive Electronic Stability Control Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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