DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/k4m8x7/global_electronic) has announced the addition of the "Global Electronic Stability Control (ESC) Market 2014-2018" report to their offering.
The Global Electronic Stability Control Market to grow at a CAGR of 6.57% over the period 2013-2018
Passenger safety has become one of the most important priority for majority of the carmakers. Electronic stability control (ESC) is one such safety system that assists drivers to avoid accidents by reducing the danger of skidding or losing control. It is a computer-based technology with a combination of different types of sensors, which applies brakes and brings the vehicle back on track. An ESC is highly effective and reduces the probability of accidents largely where human error is the sole reason of accident.
Increased use of electronics has become a major trend that is having a positive impact on the Global ESC market. The global economy has improved over the last few years, leading to an increase in the disposable income, which in turn has increased the demand for luxury cars.
According to the report, the modified government legislation for carmakers is one of the main growth drivers in the Global ESC market. The change in the legislation makes it mandatory for carmakers to incorporate an ESC system into all the new models. Active and passive safety systems have increasingly become important features of the vehicles, and consumers are becoming more aware of the benefits associated with such safety systems.
Further, the report states that the dependence of drivers on ESC technology is one of the major challenges that the market confronts. A false sense of security is developed among drivers regarding ESC, which in turn leads to an increase in the probability of accidents
- Hyundai Mobis
- Robert Bosch
- TRW Automotive
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/k4m8x7/global_electronic