Research and Markets (http://www.researchandmarkets.com/research/fdkv7k/electronic) has announced the addition of the "Electronic Stability Control (ESC) Market in Europe 2015-2019" report to their offering.
The Electronic Stability Control Market in Europe to grow at a CAGR of 5.70% by revenue over the period 2014-2019
Electronic Stability Control forma a vital aspect of automotive active safety system. Active safety systems are the safety systems that senses the condition of the vehicle and prevent the vehicle from crash or minimizes the effect of crash. ESC assists the drivers in avoiding accidents by reducing the danger of skidding or losing control.
Increased usage of electronic components in vehicles is one of the key trends emerging in the market. The electronic components of ESC systems improve vehicle safety by detecting loss of steering control and by automatically applying the brakes. Importance of electrical and electronic systems has increased in the recent past and with this the number of sensors used in vehicles to monitor temperature, gas emission, voltage, current, vacuum, and torque has also increased.
According to the report, increased adoption of automotive safety systems, primarily because of government legislations targeting car manufacturers, is one of the major drivers for the growth of market. Active safety systems assist in maintaining control over a car, thereby preventing accidents in critical situations and thus protecting passengers from injury.
Further, the report states that dependence of drivers on ESC technology is one of the major challenges that the market faces. An ESC system is associated with high costs. Vehicles equipped with ESC systems are priced higher than those without ESC which consumers realize in the aftermarket.
Key Vendors
- Bosch Group
- Continental AG
- Delphi Automotive Plc
- Denso Corporation
- TRW Automotive Holdings Corp
Other Prominent Vendors
- Advics Co. Ltd
- Hitachi Ltd
- Hyundai Mobis Co Ltd
- Knorr-Bremse AG
- Mando Corporation
- Nissin Kogyo
For more information visit http://www.researchandmarkets.com/research/fdkv7k/electronic
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Sector: Telematics and Vehicle Electronics