Electronic Stability Control (ESC) Market in Europe 2015-2019
About Electronic Stability Control Market 2015-2019
Electronic Stability Control forma a vital aspect of automotive active safety system. Active safety systems are the safety systems that senses the condition of the vehicle and prevent the vehicle from crash or minimizes the effect of crash. ESC assists the drivers in avoiding accidents by reducing the danger of skidding or losing control. These system is activated when the driver loses control over the vehicle. It does not work alone and uses other safety systems and devices such as ABS and traction control. It uses sensors to detect the vehicle condition and applies brakes and brings back the vehicle on track. Several studies conducted on ESC systems show that the vehicles that have an ESC system have 25 percent less probability of being involved in a fatal accident. In Europe, a campaign is being run that is supported by authorities such as European Commission and Euro NCAP that encourages buyers to choose an ESC equipped car.
TechNavio's analysts forecast the Electronic Stability Control Market in Europe to grow at a CAGR of 5.70 percent by revenue over the period 2014-2019.
Covered in this Report
TechNavio's report, Electronic Stability Control Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – ESC Market in Europe 2015-2019
TechNavio recognizes the following companies as the key players in the ESC Market in Europe: Bosch Group, Continental AG, Delphi Automotive plc, Denso Corp. and TRW Automotive Holdings Corp.
Other Prominent Vendors in the market are: Advics, Fujitsu Ten, Hitachi, Hyundai Mobis, Knorr-Bremse, Mando and Nissin Kogyo.
Commenting on the report, an analyst from TechNavio’s team said: “Increased usage of electronic components in vehicles is one of the key trends emerging in the market. The electronic components of ESC systems improve vehicle safety by detecting loss of steering control and by automatically applying the brakes. Importance of electrical and electronic systems has increased in the recent past and with this the number of sensors used in vehicles to monitor temperature, gas emission, voltage, current, vacuum, and torque has also increased.”
According to the report, increased adoption of automotive safety systems, primarily because of government legislations targeting car manufacturers, is one of the major drivers for the growth of market. Active safety systems assist in maintaining control over a car, thereby preventing accidents in critical situations and thus protecting passengers from injury.
Further, the report states that dependence of drivers on ESC technology is one of the major challenges that the market faces. An ESC system is associated with high costs. Vehicles equipped with ESC systems are priced higher than those without ESC which consumers realize in the aftermarket.
Bosch Group, Continental AG, Delphi Automotive Plc, Denso Corporation , TRW Automotive Holdings Corp, Advics Co. Ltd , Hitachi Ltd, Hyundai Mobis Co Ltd, Knorr-Bremse AG, Mando Corporation , Nissin Kogyo
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