London, 01 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global ESC Market 2014-2018.
About Electronic Stability Control (ESC)
An ESC system is a safety system that assists drivers in avoiding accidents by reducing the danger of skidding or losing control. ESC is a computer-based technology, which relies on a combination of different types of sensors to apply the brakes and help bring the vehicle back on track. The Global ESC Market is expected to grow at a relatively rapid pace and post a CAGR of 6.57 percent during the forecast period.
The latest report by TechNavio focuses on modified government legislation making it mandatory for automotive manufacturers to incorporate an ESC system into all new models. The report also discusses the increased use of electronic components in vehicles, which has grown rapidly over the past few years and is expected to drive the market in the coming years.
“The electronic components of ESC systems improve vehicle safety by detecting the loss of steering control and by automatically applying the brakes. The number of sensors used in vehicles to monitor temperature, gas emission, voltage, current, vacuum and torque has increased. Growing usage of electronics in vehicles has a positive impact on vehicle safety and this is expected to propel the growth of Global ESC Market,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Government Legislation
- For a full detailed list, view our report.
Market Challenges:
- Dependence of Driver on ESC Technology
- For a full detailed list, view our report.
Market Trends:
- Increased Use of Electronics
- For a full detailed list, view our report.
Key Vendors:
- Advics Co. Ltd.
- Bosch Group GmbH
- Continental AG
- Hyundai Mobis Co. Ltd.
- TRW Automotive Inc.
Other Prominent Vendors:
- BeijingWest Industries
- Delphi Automotive
- Denso
- Fujitsu Ten
- Hitachi
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
