Automotive Traction Control System Market Introduction and Overview
According to SPER Market Research, the Global Automotive Traction Control System Market is estimated to reach USD XX billion by 2033 with a CAGR of 9.45%.
The report includes an in-depth analysis of the Global Automotive Traction Control System Market, including market size and trends, product mix, applications, and supplier analysis. In modern cars, an electronic stability control (ESC) secondary function called traction control system (TCS) is used to keep the driving road wheels from losing traction, also known as wheel spin. When engine power, torque transfer, and throttle input are not in proportion to the state of the road, TCS is triggered. The fundamental concept underlying the requirement for a traction control system is that a vehicle's stability and steering control may be jeopardised by a lack of road grip. This is the outcome of the driving wheels' varying traction. The variation in road conditions for various wheels or the turning of a vehicle can cause the change in slip.
- September 2022: A contract worth was given to Ricardo PLC in September 2022 to supply extra Antilock Brake System/Electronic Stability Control (ABS/ESC) upgrade kits for the US Army's High Mobility Multi-Purpose Wheeled Vehicle (HMMWV). The enhanced brake callipers, pads, and rotors of the Ricardo engineered ABS/ESC retrofit system, along with electronic stability control, active rollover prevention, traction control, and antilock braking, are all part of a comprehensive solution integrated into the HMMWV architecture. Along with low-cost, well-proven parts specifically made for military use, the Ricardo system also outfits the automobile with a crashworthy steering column and an advanced electrical network.
Market Opportunities and Challenges
Tight government rules requiring the installation of safety equipment in cars are fueling the demand for traction control systems. Growing Desire for an Improved Driving Experience, customers are looking for cars with better performance, stability, and handling. When it comes to improving the entire driving experience, traction control systems are essential. An increased emphasis on car safety technologies, such as the traction control system, has resulted from the rise in traffic accidents worldwide. Combination with Technologies for Autonomous Driving is also increasing the demand of the market. For industry participants, the combination of autonomous driving technology and traction control systems offers substantial prospects.
The primary obstacles confronting the industry are the high cost of advanced traction control systems and the difficult integration process. Modern, high-tech traction control systems can be costly, which prevents them from being widely used in low-cost and entry-level cars. Manufacturers may encounter difficulties when integrating traction control systems into cars as they involve intricate software integration and technical procedures. TCS installation costs have increased as a result of strict government norms and regulations pertaining to automobile safety, which is impeding market growth. Furthermore, smooth adoption has been impeded by the intricacy of integrating TCS with other advanced driver assistance systems (ADAS) and vehicle control units.
Market Competitive Landscape
There are several well-known competitors fighting for market share in the fiercely competitive traction control system industry. The industry's major participants include suppliers, technological companies, and automakers. In order to improve their market position, these businesses concentrate on strategic alliances, product innovation, and mergers and acquisitions. The major players in the Global Automotive Traction Control System Market include: ADVICS CO., LTD, AUTOLIV INC, CONTINENTAL AG, Denso Corporation, Hitachi Ltd., HYUNDAI MOBIS CO., LTD, Nissin Kogyo Co., Ltd., Robert Bosch GmbH, WABCO, ZF TRW and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Vehicle Type
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | ADVICS CO., LTD, AUTOLIV INC, CONTINENTAL AG, Denso Corporation, Hitachi Ltd., HYUNDAI MOBIS CO., LTD, Nissin Kogyo Co., Ltd., Robert Bosch GmbH, WABCO, ZF TRW
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COVID-19 Impact on Global Automotive Traction Control System Market
Traction control system sales were impacted, among other aspects of the worldwide automobile sector, by the Covid-19 epidemic. The pandemic's early stages led to a reduction in car sales, production halts, and supply chain disruptions. However, it is anticipated that the market would pick up steam as the automobile sector gradually recovers. Consumers' need for car safety has resulted in an acceleration of the adoption of safety technology, such as traction control systems, due to the pandemic.
Key Target Audience:
- Automobile Manufacturers
- Fleet Operators
- Aftermarket Consumers
- Commercial Vehicle Owners
- Automotive Enthusiasts
- Government and Regulatory Bodies
- Insurance Companies
- Fleet Management Companies
- Technology Integrators
Our in-depth analysis of the Automotive Traction Control System Market includes the following segments:
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By Type:
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Electric Linkage
Mechanical Linkage
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By Vehicle Type:
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HCV
LCV
Passenger Cars
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report:
- Global Automotive Traction Control System Market Size (FY’2023-FY’2033)
- Overview of Global Automotive Traction Control System Market
- Segmentation of Global Automotive Traction Control System Market By Type (Electric Linkage, Mechanical Linkage)
- Segmentation of Global Automotive Traction Control System Market By Vehicle Type (HCV, LCV, Passenger Cars)
- Statistical Snap of Global Automotive Traction Control System Market
- Expansion Analysis of Global Automotive Traction Control System Market
- Problems and Obstacles in Global Automotive Traction Control System Market
- Competitive Landscape in the Global Automotive Traction Control System Market
- Impact of COVID-19 and Demonetization on Global Automotive Traction Control System Market
- Details on Current Investment in Global Automotive Traction Control System Market
- Competitive Analysis of Global Automotive Traction Control System Market
- Prominent Players in the Global Automotive Traction Control System Market
- SWOT Analysis of Global Automotive Traction Control System Market
- Global Automotive Traction Control System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Traction Control System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces 5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Traction Control System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Traction Control System Market
7. Global Automotive Traction Control System Market, By Type (USD Million)
7.1. Global Automotive Traction Control System Market Value Share and Forecast, By Type, 2023-2033
7.2. Electric Linkage
7.3. Mechanical Linkage
8. Global Automotive Traction Control System Market, By Vehicle Type (USD Million)
8.1. Global Automotive Traction Control System Market Value Share and Forecast, By Vehicle Type, 2023-2033
8.2. HCV
8.3. LCV
8.4. Passenger Cars
9. Global Automotive Traction Control System Market Forecast, 2019-2033 (USD Million)
9.1. Global Automotive Traction Control System Market Size and Market Share
10. Global Automotive Traction Control System Market, By Type 2019-2033 (USD Million)
10.1. Global Automotive Traction Control System Market Size and Market Share By Type (2019-2026)
10.2. Global Automotive Traction Control System Market Size and Market Share By Type (2027-2033)
11. Global Automotive Traction Control System Market, By Vehicle Type, 2019-2033 (USD Million)
11.1. Global Automotive Traction Control System Market Size and Market Share By Vehicle Type (2019-2026)
11.2. Global Automotive Traction Control System Market Size and Market Share By Vehicle Type (2027-2033)
12. Global Automotive Traction Control System Market, By Region, 2019-2033 (USD Million)
12.1. Global Automotive Traction Control System Market Size and Market Share By Region (2019-2026)
12.2. Global Automotive Traction Control System Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. ADVICS CO., LTD
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. AUTOLIV INC
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. CONTINENTAL AG
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Denso Corporation
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Hitachi Ltd
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. HYUNDAI MOBIS CO., LTD
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Nissin Kogyo Co., Ltd.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Robert Bosch GmbH
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. WABCO
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. ZF TRW
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
