Report ID: UCMIG20V2007
Report ID:
UCMIG20V2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
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.
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Electronic Stability Control System was estimated to be valued at US$ XX Mn in 2021.
The Electronic Stability Control System Market is estimated to grow at a CAGR of XX% by 2028.
The Electronic Stability Control System Market is segmented on the basis of Vehicle Type (Revenue, Shipment), Component, Region.
Based on region, the Electronic Stability Control System Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Electronic Stability Control System Market are AISIN SIEKI Co. Ltd., Autoliv Inc, Advics Co. Ltd., Bendix Commercial Vehicle Systems, Continental AG, Denso Corporation, General Motors, Hitachi Automotive Systems Ltd.
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Report ID: UCMIG20V2007