What is Electronic Stablity Program (ESP)?
The Electronic Stability Program (ESP), also known as Electronic Stability Control (ESC) or dynamic stability control (DSC), is a computerised system that enhances a vehicle's stability by sensing and reducing traction loss (skidding). When the ESC detects a loss of steering control, the brakes are deployed immediately to assist the driver in steering the vehicle in the intended direction. Separate wheels are automatically braked, such as the inner rear wheel to counter understeer or the outer front wheel to counter oversteer. Some ESC systems also reduce engine power until the driver regains control of the vehicle. ESC does not improve the cornering performance of a vehicle; rather, it aids the driver in maintaining vehicle control.
The market study is broken down by Type (Dual-channel System, Three-channel System and Four-channel System), by Application (Passenger Vehicles and Commercial Vehicles) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Vendors from Germans will contribute to the maximum growth of Global Electronic Stablity Program (ESP) market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bosch (Germany), Denso Corporation (Japan), Continental AG (Germany), Delphi Corporation (United Kingdom), Aisin Seiki (Japan), ZF TRW Automotive Holdings (Germany), Hitachi Ltd, (Japan), Autoliv Inc., (Sweden), ZF Friedrichshafen AG (Germany) and Mando Corp (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Johnson Electronic (Hong Kong), WABCO (France) and Knorr-Bremse AG (Germany).
AdvanceMarketAnalytics has segmented the market of Global Electronic Stablity Program (ESP) market by Type, Application and Region.
On the basis of geography, the market of Electronic Stablity Program (ESP) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by , the sub-segment i.e. will boost the Electronic Stablity Program (ESP) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, ZF announced the launch of an innovative new brake actuator platform. Using a platform approach for the first time, ZF’s fourth-generation brake actuator technology offers significant safety and cost efficiency benefits for Original Equipment Manufacturers (OEMs). ZF has already signed a long-term agreement with a major OEM based in Europe to equip its medium and heavy-duty trucks and buses with ZF’s latest brake chamber range.
- Rising Automotive Electrification
- Increasing Number of Government Regulations
- Growing Adoption of Autonomous Mobility
- Unavailability of Raw Materials
- Prices are varying
- Growing Adoption of Autonomous Mobility
Key Target AudienceElectronic stability programme (ESP) Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Bosch (Germany), Denso Corporation (Japan), Continental AG (Germany), Delphi Corporation (United Kingdom), Aisin Seiki (Japan), ZF TRW Automotive Holdings (Germany), Hitachi Ltd, (Japan), Autoliv Inc., (Sweden), ZF Friedrichshafen AG (Germany) and Mando Corp (South Korea) etc.
2. Can we have customized study for Electronic Stablity Program (ESP) Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Electronic Stablity Program (ESP) Market by 2027?
Analysts at AMA estimates Electronic Stablity Program (ESP) Market to reach USD Million by 2027.