© 2017 Global Market Insights, Inc. USA. All Rights Reserved Electronic Stability Control System Market – Global Industry Forecast & Analysis over

 The electronic stability control system market is anticipated to have a lucrative growth with the increasing implementation of safety features such as traction control systems and anti-lock braking system in vehicles. The vehicle stability assist systems have become a vital part of vehicle safety to avoid accidents due to vehicle skidding, loss of steering control due to slippery road surfaces or sudden braking  The growing safety regulations also influencing the electronic stability control system market in the Asia Pacific region. The Malaysian government for example introduced a mandatory standard for the implementation of electronic stability program in November 2016, which applies to new vehicles sold in the country from Moreover, the high growth of the industrial sector and urbanization with economic developments are adding to the demand for commercial vehicles.  The commercial vehicles are expected to create a considerable demand in the electronic stability control system market. The commercial vehicles industry is growing with the increasing demand for goods transport and growth in the industrialization. The safety of commercial vehicles has gained growing importance in recent years. © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Electronic Stability Control System Market Scenario:

 According to Robert Bosch, 80 percent of the accidents due to skidding can be prevented by the implementation of electronic stability program. These systems can apply individual force to each wheel of the vehicle according to the requirements, preventing it from skidding and providing traction to improve the steering control. The manufacturers are providing these systems integrated with ABS and traction control system to effectively prevent understeer and oversteer, further increasing the demand in the electronic stability control system market.  For instance, the Ministry of Road Transport & Highways in India introduced a new standard in February 2017 to make ABS systems mandatory for new cars sold in the country from April The Global NCAP is pushing countries such as Argentina, Mexico, Brazil, and Chile to implement electronic stability control systems owing to a large number of vehicle accidents in these countries. Continue :- © 2017 Global Market Insights, Inc. USA. All Rights Reserved Request for a sample of this research

© 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This  Competitive Analysis:  Robert Bosch GmbH, Continental AG, ZF Friedrichshafen, Autoliv Inc., Hitachi Automotive Systems Ltd., Johnson Electric, WABCO, General Motors (StabiliTrak), Denso Corporation, IAV Engineering, and Johnson Electric are among the major companies in electronic stability control system market.  Regional Analysis:  Asia Pacific is expected to witness a considerable growth in the electronic stability control system market owing to the large automotive industry. The countries, such as India, are witnessing rapid growth in automotive production. The steps such as allocation of 100 percent foreign direct investment for the automotive sector have created significant opportunities for automotive manufacturers. The country witnessed 8 percent growth in automotive production in 2018 as per the data by the International Organization of Motor Vehicle Manufacturers.

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