Global Automotive ESP Industry Market Report by 2026
According to the report, the Automotive ESP market is expected to grow from USD 11,644 million in 2019 to USD 13,718 million by 2026, growing at a CAGR of 2.37% from 2019 to 2026.
In the last decade, electronic systems have replaced mechanical components in modern automobiles to a considerable extent. This is attributable to the ever-growing need for increased information to the driver, reduced fuel consumption, lower emissions, increased safety, driver assistance, and easy and pleasant driving experience. Thus, the increasing vehicle digitization and electrification are the major factors driving the demand for Automotive ESP.
Automotive ESP 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.
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Competitive Insights
Major manufacturers profiled in the analysis report include Bosch, Continental, TRW, Denso, AISIN, Delphi, Hyundai Mobis, Ford, MANDO, Nissin Kogyo, WABCO, Knorr-Bremse, Hitachi, YOUFIN, and etc.
Regional Insights
Through regional analysis, this global automotive ESP market is segmented in Asia Pacific (China, Japan, Korea, India and the Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa), North America (USA). Mexico), Europe (Germany, France, UK, Russia and Italy), South America (Brazil, Argentina, Colombia, etc.), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). In 2018, the global automotive ESP market is mainly concentrated in Asia Pacific, North America and Europe, with market shares of 25.67%, 35.04% and 32.11%, respectively. 92.82%. North America is the largest producer with an annual output value of more than $3.985 billion in 2018.
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Type Insights
The type of the Automotive ESP market can be divided into 2-Channel, 3-Channel, 4-Channel, and Other.
Application Insights
Based on application, this market is divided into Commercial Vehicle, Passenger Vehicle, and Other.
Global Automotive ESP Market Research Report Objectives are:
-To Study of the major players in the world along with their market share to understand their overall performance in the market.
-To Examine products and application segments.
-Investigation of major regional segmentation on the basis of how the market is predicted to grow.
-Provide detailed information concerning the major factors (opportunities, drivers, restraints, and industry-specific challenges) influencing the growth of Automotive ESP market.
-Analyze the industry w.r.t individual growth trends, prospects and contributions of Overall Automotive ESP market.
-Analyze opportunities in the market for various stakeholders by classifying the high-growth segments of Automotive ESP market.
-Profile the key players and comprehensively analyses of their market position in terms of ranking and core competencies along with detailing the competitive landscape for the market leaders.
-Analyze competitive developments, such as partnerships and joint ventures, new product developments, expansions, research and development in Automotive ESP Market.
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l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
Audience
Automotive ESP manufacturers
Raw material suppliers of Automotive ESP
Distributors and resellers of Automotive ESP
Automotive ESP industry associations
Product managers, Automotive ESP industry administrator, C-level executives of the industries
Small and Medium-sized Enterprises (SMEs)
Technology providers
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