The Latin America, Middle East and Africa Electronic Stability Control Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
Electronic stability control systems greatly enhance vehicle control and stability. To help the driver maintain control of the car during sudden movements, the systems use computer control for separate wheel brakes. This is accomplished by keeping the automobile pointed in the direction the driver is steering, even when the car approaches or hits the limits of road traction. So, ESC would significantly improve road safety, thereby increasing the system's demands and propelling market growth.
Depending on whether the 4WD system is engaged, certain cars' ESC systems may automatically determine whether to function in off-road or on-road mode. When the vehicle is in 4WD High-range with the center differential locked or 4WD Low-range with the center differential closed, it immediately engages off-road traction control and disables ABS braking. When low-range or specific terrain modes are manually selected, most modern vehicles with completely electronically controlled 4WD systems automatically transition to an off-road-oriented mode of stability and traction control.
The Roads and Transport Authority (RTA) has exempted electric cars licensed in Dubai from public parking. On September 1, 2017, DEWA introduced the incentive of free charging for all EV users signed up for the DEWA EV Green Charger Project. For all non-commercial EV users who registered for the program, an incentive extension was introduced on January 1, 2020. The National Industrial Development Center (NIDC) wants to draw three to four original equipment manufacturers from throughout the ICE and EV value chain to meet the Kingdom's vision 2030 objective of producing 300,000 vehicles yearly with 40% local content by 2030. By offering loans, tax breaks, and tariff exemptions, NIDC encourages industrialization. These factors are driving the market growth in the region.
The Brazil market dominated the LAMEA Electronic Stability Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $248.2 Million by 2028. The Argentina market is experiencing a CAGR of 10.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.9% during (2022 - 2028).
Based on Component, the market is segmented into Hydraulic Unit, Sensors and Electronic Control Unit. Based on Vehicle Propulsion, the market is segmented into ICE and Electric & Hybrid. Based on Vehicle Type, the market is segmented into Passenger cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Electronic Stability Control Market is Projected to reach USD 13.6 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Johnson Electric Holdings Limited, Aisin Corporation (Toyota Motor Corporation), Valeo SA, Murata Manufacturing Co., Ltd., Hitachi, Ltd., Knorr-Bremse AG, ZF Friedrichshafen AG (TRW), and Mando Corporation (Halla Group).
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hydraulic Unit
- Sensors
- Electronic Control Unit
By Vehicle Propulsion
By Vehicle Type
- Passenger cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Continental AG
- Johnson Electric Holdings Limited
- Aisin Corporation (Toyota Motor Corporation)
- Valeo SA
- Murata Manufacturing Co., Ltd.
- Hitachi, Ltd.
- Knorr-Bremse AG
- ZF Friedrichshafen AG (TRW)
- Mando Corporation (Halla Group)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Electronic Stability Control Market, by Component
1.4.2 LAMEA Electronic Stability Control Market, by Vehicle Propulsion
1.4.3 LAMEA Electronic Stability Control Market, by Vehicle Type
1.4.4 LAMEA Electronic Stability Control Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Electronic Stability Control Market
Chapter 4. LAMEA Electronic Stability Control Market by Component
4.1 LAMEA Hydraulic Unit Market by Country
4.2 LAMEA Sensors Market by Country
4.3 LAMEA Electronic Control Unit Market by Country
Chapter 5. LAMEA Electronic Stability Control Market by Vehicle Propulsion
5.1 LAMEA ICE Market by Country
5.2 LAMEA Electric & Hybrid Market by Country
Chapter 6. LAMEA Electronic Stability Control Market by Vehicle Type
6.1 LAMEA Passenger cars Market by Country
6.2 LAMEA Light Commercial Vehicles Market by Country
6.3 LAMEA Heavy Commercial Vehicles Market by Country
Chapter 7. LAMEA Electronic Stability Control Market by Country
7.1 Brazil Electronic Stability Control Market
7.1.1 Brazil Electronic Stability Control Market by Component
7.1.2 Brazil Electronic Stability Control Market by Vehicle Propulsion
7.1.3 Brazil Electronic Stability Control Market by Vehicle Type
7.2 Argentina Electronic Stability Control Market
7.2.1 Argentina Electronic Stability Control Market by Component
7.2.2 Argentina Electronic Stability Control Market by Vehicle Propulsion
7.2.3 Argentina Electronic Stability Control Market by Vehicle Type
7.3 UAE Electronic Stability Control Market
7.3.1 UAE Electronic Stability Control Market by Component
7.3.2 UAE Electronic Stability Control Market by Vehicle Propulsion
7.3.3 UAE Electronic Stability Control Market by Vehicle Type
7.4 Saudi Arabia Electronic Stability Control Market
7.4.1 Saudi Arabia Electronic Stability Control Market by Component
7.4.2 Saudi Arabia Electronic Stability Control Market by Vehicle Propulsion
7.4.3 Saudi Arabia Electronic Stability Control Market by Vehicle Type
7.5 South Africa Electronic Stability Control Market
7.5.1 South Africa Electronic Stability Control Market by Component
7.5.2 South Africa Electronic Stability Control Market by Vehicle Propulsion
7.5.3 South Africa Electronic Stability Control Market by Vehicle Type
7.6 Nigeria Electronic Stability Control Market
7.6.1 Nigeria Electronic Stability Control Market by Component
7.6.2 Nigeria Electronic Stability Control Market by Vehicle Propulsion
7.6.3 Nigeria Electronic Stability Control Market by Vehicle Type
7.7 Rest of LAMEA Electronic Stability Control Market
7.7.1 Rest of LAMEA Electronic Stability Control Market by Component
7.7.2 Rest of LAMEA Electronic Stability Control Market by Vehicle Propulsion
7.7.3 Rest of LAMEA Electronic Stability Control Market by Vehicle Type
Chapter 8. Company Profiles
8.1 Robert Bosch GmbH
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Continental AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Johnson Electric Holdings Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.4 Aisin Corporation (Toyota Motor Corporation)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.5 Valeo SA
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.6 Murata Manufacturing Co., Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Geographical Expansions:
8.7 Hitachi, Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Knorr-Bremse AG
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 ZF Friedrichshafen AG (TRW)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Mando Corporation (Halla Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Hydraulic Unit Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Hydraulic Unit Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Sensors Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Sensors Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Electronic Control Unit Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Electronic Control Unit Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 12 LAMEA Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 13 LAMEA ICE Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA ICE Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Electric & Hybrid Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Electric & Hybrid Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 18 LAMEA Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 19 LAMEA Passenger cars Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Passenger cars Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Electronic Stability Control Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Electronic Stability Control Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 28 Brazil Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 29 Brazil Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 30 Brazil Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 31 Brazil Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 32 Brazil Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 33 Brazil Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 34 Brazil Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 35 Argentina Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 36 Argentina Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 37 Argentina Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 38 Argentina Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 39 Argentina Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 40 Argentina Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 41 Argentina Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 42 Argentina Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 43 UAE Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 44 UAE Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 45 UAE Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 46 UAE Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 47 UAE Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 48 UAE Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 49 UAE Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 50 UAE Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 59 South Africa Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 60 South Africa Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 61 South Africa Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 62 South Africa Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 63 South Africa Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 64 South Africa Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 65 South Africa Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 South Africa Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 Nigeria Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 68 Nigeria Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 69 Nigeria Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 70 Nigeria Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 71 Nigeria Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 72 Nigeria Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 73 Nigeria Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 74 Nigeria Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Electronic Stability Control Market, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Electronic Stability Control Market, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Electronic Stability Control Market by Component, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Electronic Stability Control Market by Component, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Electronic Stability Control Market by Vehicle Propulsion, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Electronic Stability Control Market by Vehicle Propulsion, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Electronic Stability Control Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Electronic Stability Control Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 83 key information – Robert Bosch GmbH
TABLE 84 Key Information – Continental AG
TABLE 85 Key Information – Johnson Electric Holdings Limited
TABLE 86 Key Information – Aisin Corporation
TABLE 87 key information – Valeo SA
TABLE 88 Key Information –Murata Manufacturing Co., Ltd.
TABLE 89 Key Information – Hitachi, Ltd.
TABLE 90 Key Information – Knorr-Bremse AG
TABLE 91 Key Information – ZF Friedrichshafen AG
TABLE 92 Key Information – Mando Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Robert Bosch GmbH
FIG 3 Recent strategies and developments: Continental AG
FIG 4 SWOT Analysis: Continental AG