Traction Control System Market Report Explores Quantitative Market Analysis
Posted by Jason Lee on September 24th, 2019
Traction control system is an advanced active braking system used in automobiles, which helps drivers to control their vehicles. Traction control serves two main purposes stop the driver losing control and reduce unnecessary tire wear.
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The system is designed to maintain traction with the road surface, in line with the braking inputs given by the driver. In case of slippery surface, the vehicles lose its traction resulting to high chances of accidents and road fatalities. The vehicles equipped with traction control system make effective use of all the traction available on the road when accelerating on low-friction road surfaces.
With the rise in trend for safety features and increase in government mandates towards safety are boosting the traction controls system market growth. Robert Bosch and Continental are some of the leading key players operating in the traction control system market.
The traction control system market segmentation is based on type, component vehicle type, and region. The type segment is further divided as mechanical linkage and electrical linkage. based on component includes hydraulic modulators, ECU, and Sensors. Depending upon the vehicle type the traction control system market is further divided into ICE vehicles [passenger cars & commercial vehicles] and electric vehicles battery [electric vehicles (BEV), & plug-in hybrid electric vehicle (PHEV)]. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the traction control system market players includes, Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv, Inc. (Sweden), Nissin Kogyo Co. Ltd. (Japan), WABCO (Belgium), ZF TRW (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (U.S.), and ADVICS Co., Ltd (Japan).
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Vehicle Type
• North America
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About the AuthorJason Lee
Joined: September 20th, 2019
Articles Posted: 305
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