Oct 17, 2017   SOURCE: BusinessWire

Global Automotive Electronic Stability Control Systems Market - Analysis of Growth (2016-2021) - Research and Markets

The "Global Automotive Electronic Stability Control Systems Market - Analysis of Growth, Trends Progress and Challenges (2016 - 2021)" report has been added to Research and Markets' offering.

The Automotive Electronic Stability Control Systems Market is expected to grow at a CAGR of 9.57% during the forecast period. Every year, close to 50 million people get injured in accidents globally. Close to 3,300 people die every day from road crashes every day and 1.3 million die in a year. But 9/10ths of the total casualties occur in the middle and low income countries, which have less than half of the world's total vehicles. This is majorly because of lack of safety systems in the automobiles sold in those regions. But the use of systems such as ESC is now growing in the emerging markets.

Africa is a huge potential market, however will take a little time for the Electronic stability control systems to become standard in the automobiles sold. The sales of automobiles are currently very low, but are expected to grow exponentially, especially in markets like Ghana, Nigeria, which are experiencing rise in the disposable incomes. But the highest growth in the forecast period will be shown by the Asia Pacific region, were there has been rising concern regarding the passenger safety.

India will show the highest rate of growth in the region. Recently majority of the entry level hatchbacks sold in India scored a 0 in the Euro NCAP (New Car Assessment Program) Safety ratings, which created realization in the market regarding the poor level of safety standards. Since then, some safety features have started coming as standard on all models. The National Highway Truck Safety Administration finalized a rule in 2015 that makes it mandatory for commercial motor vehicles to include Electronic Stability Control Systems. This legislation would have a very positive effect on the Electronic Stability Control Systems Market.

Companies Mentioned:

  • Autoliv
  • Bosch
  • Continental
  • Delphi Automotive
  • Fujitsu Ten
  • Hitachi
  • Honeywell
  • Johnson Electric
  • Toyoda Gosei
  • Trw Automotive
  • Wabco

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview And Trends

4. Market Dynamics

5. Global Electronic Stability Control Systems Market, By Vehicle Type (Trends, Durability, Summary)

6. Global Electronic Stability Conrol Systems Marker, By Geography (Growth, Trends And Forecasts)

7. Competitive Landscape

8. Key Vendor Analysis (Overview, Products & Services, Strategies)

9. Future Outlook Of The Market

For more information about this report visit https://www.researchandmarkets.com/research/9mf9k9/global_automotive