Electronic stability control (ESC), also referred to as electronic stability program (ESP) or dynamic stability control (DSC), is a computerized technology that improves a vehicle's stability by detecting and reducing loss of traction (skidding). When ESC detects loss of steering control, it automatically applies the brakes to help "steer" the vehicle where the driver intends to go. Braking is automatically applied to wheels individually, such as the outer front wheel to counter oversteer or the inner rear wheel to counter understeer. Some ESC systems also reduce engine power until control is regained. ESC does not improve a vehicle's cornering performance; instead, it helps to minimize the loss of control.
This report contains market size and forecasts of Automotive ESP in global, including the following market information:
Global Automotive ESP Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive ESP Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Automotive ESP companies in 2021 (%)
The global Automotive ESP market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
2-Channel Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive ESP include Continental, Denso, Aisin, ZF, Delphi and Hitachi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive ESP manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive ESP Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Automotive ESP Market Segment Percentages, by Type, 2021 (%)
2-Channel
3-Channel
4-Channel
Global Automotive ESP Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Automotive ESP Market Segment Percentages, by Application, 2021 (%)
Sedan and Hatchback
SUV and Pickup
Other
Global Automotive ESP Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Automotive ESP Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive ESP revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive ESP revenues share in global market, 2021 (%)
Key companies Automotive ESP sales in global market, 2017-2022 (Estimated), (MT)
Key companies Automotive ESP sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Continental
Denso
Aisin
ZF
Delphi
Hitachi