Chinese Automotive Electronic Stability Control (ESC) Market - Forecast(2024 - 2030)

Automotive Electronic Stability Control (ESC) is used to reduce the loss of steering control. ESC is the collection of sensor devices and software also known to be referred as dynamic stability control (DSC), or electronic stability program (ESP). The net market of Chinese automotive electronic stability control estimated to $XX billion in 2017 and forecasts to $XX billion in 2023 with a CAGR of $XX% between 2017 and 2023.

Growing innovation of new vehicle types in “Automotive Electronic Stability Control” is increasing the demand for Automotive Electronic Stability Control globally. The raising in the demand for safety journey of passengers is one of the key factors driving the Automotive Electronic Stability Control. Automotive Electronic Stability Control can be categorized into vehicle type, channel and geography. The market for Automotive Electronic Stability Control in various regions through its vehicle types such as two-wheeler and others had been mentioned in the report.

The market for “Automotive Electronic Stability Control” is segmented on regions into Asia-China. Competitive landscape for industry and market players are profiled with attributes of company overview, business strategies and product portfolio.

These companies hold the substantial share owing to the fragmented and grey nature of the industry whereas rest of the market shares are original chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust image, geographical reach and strong customer base.