Global Electronic Stability Control System Market to Reach US$ 80.4 Billion by 2032, Stimulated by Increasing Concerns Regarding Vehicle Safety

August 28, 2023 | Automotive Industry

According to the latest report by IMARC Group, titled “Electronic Stability Control System Market by Component (Hydraulic Control Unit, Sensors, Electronic Control Unit (ECU)), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Region 2024-2032,” the global electronic stability control system market size reached US$ 42.7 Billion in 2023. The electronic stability control (ESC) system is a crucial automotive safety feature designed to enhance vehicle stability and control, particularly during challenging driving conditions or maneuvers. It utilizes a combination of sensors, microprocessors, and actuators to monitor the vehicle's movements and driver inputs. ESC detects instances of understeer or oversteer and intervenes by selectively applying brakes to individual wheels and adjusting engine power. The system operates in real-time, continuously analyzing data such as steering angle, wheel speed, lateral acceleration, and yaw rate. ESC is especially beneficial in adverse weather conditions, emergency maneuvers, or when driving on slippery surfaces. Its widespread adoption has led to significant improvements in vehicle safety, reducing the likelihood of accidents caused by loss of control.

Global Electronic Stability Control System Market Trends:

The global market is driven by the increasing emphasis on road safety and stringent government regulations mandating the integration of advanced safety technologies in vehicles. As governments worldwide prioritize reducing road accidents and fatalities, ESC systems have emerged as a critical component in achieving these goals. Furthermore, the escalating demand for enhanced driving experiences and vehicle performance has also contributed significantly to the growth of the ESC System market. Consumers are increasingly seeking vehicles that provide a smooth and controlled ride, especially in adverse weather conditions or challenging terrains. ESC systems not only enhance vehicle stability during cornering and sudden maneuvers but also improve traction and overall driving dynamics, catering to the demands of performance-oriented customers. Moreover, consumer awareness about the importance of safety features and their impact on insurance premiums has also fueled the adoption of ESC systems. Also, as vehicle manufacturers embrace innovation, ESC systems have evolved to become more sophisticated, integrating with other safety and driver-assistance features such as anti-lock braking systems (ABS), adaptive cruise control, and lane-keeping assistance. Looking forward, the market value is projected to reach US$ 80.4 Billion by 2032, expanding at a CAGR of 7.29% during 2024-2032.

Market Summary:

  • Based on the component, the market has been segmented into hydraulic control unit, sensors, and electronic control unit (ECU).  
  • On the basis of the vehicle type, the market has been divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. Among these, passenger cars exhibit a clear dominance in the market.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. Among these, North America holds the leading position in the market.  
  • The competitive landscape of the market has also been examined, with some of the key players being Aisin Corporation, Continental AG, Murata Manufacturing Co. Ltd., Robert Bosch GmbH, ZF Friedrichshafen AG.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Components Covered Hydraulic Control Unit, Sensors, Electronic Control Unit (ECU)
Vehicle Types Covered Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aisin Corporation, Continental AG, Murata Manufacturing Co. Ltd., Robert Bosch GmbH, ZF Friedrichshafen AG, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Electronic Stability Control System Market to Reach US$ 80.4 Billion by 2032, Stimulated by Increasing Concerns Regarding Vehicle Safety
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More