© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Electronic Stability Control System Market to Cross $45 Mn by 2025: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Electronic stability control system market to surpass USD 45 million by 2025; growing awareness about vehicle safety is creating a higher demand for these systems in commercial vehicles. The countries including Japan, Australia, Canada, South Korea, and the European Union have provided mandatory regulations for the implementation of electronic stability control systems. In addition, developing countries are focusing on introducing such regulations for improving vehicle safety. Electronic stability control system market  The commercial vehicles segment is witnessing rapid growth in the electronic stability control system market.  The implementation of these systems considerably increases the vehicle cost, which can hamper the industry. The requirement of a number of sensors and control units increases the system complexity, adding to the cost. This is limiting the implementation of these systems in entry-level cars. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Higher raw material costs and closing down of production plants by companies, such as General Motors, in the North American region can have a considerable impact on the market growth. However, technological advancements and product developments are expected to bring down the manufacturing costs.  Europe will have high growth potential for the electronic stability control system market owing to the higher demand for vehicle safety features in the region. The presence of a number of players including Robert Bosch, ZF Friedrichshafen, and others are influencing the growth of the market.  The presence of EU mandate for the implementation of electronic stability control systems in passenger cars as well as commercial vehicles will further ensure the automotive safety industry growth. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Electronic stability control system market size, 2018 to 2025

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  In September 2018, the Ministry of Road Transport and Highway of India announced the government's plan to make automatic emergency braking (AEB) and electronic stability control systems mandatory in cars by  The presence of EU mandate for the implementation of electronic stability control systems in passenger cars as well as commercial vehicles will further ensure the automotive safety industry growth.  Robert Bosch GmbH, ZF Friedrichshafen, Continental AG, Autoliv Inc., Hitachi Automotive Systems Ltd., Johnson Electric, Bendix Commercial Vehicle Systems, and WABCO are leading companies in the electronic stability control system market Continue…

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