Product ID: UCMIG20V2007
Electronic Stability Control System Market Size, Share, Growth Analysis, By Vehicle Type (Revenue, Shipment)(Passenger cars, Light Commercial Vehicle (LCVs)), By Component(Hydraulic unit, Sensors), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20V2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Electronic Stability Control System Market Insights
Market Overview:
The market for electronic stability control systems was valued at more than USD 27 billion in 2018 and is projected to increase at a Compound Annual Growth Rate (CAGR) of 8% from 2019 to 2025. It is anticipated that worldwide shipments for this industry will reach 95 million units by 2025. The electronic stability control system market has gained momentum due to increased awareness among customers and government regulations regarding vehicle safety systems.
Electronic Stability Control System Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Trucking by segment aggregation, the contribution of the Trucking in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Electronic Stability Control System Market Report Snapshots
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