세계의 트랙션 컨트롤 시스템 시장 예측(-2030년) : 유형별, 구성요소별, 차종별, 유통 채널별, 지역별 분석

According to Stratistics MRC, the Global Traction Control System Market is accounted for $11.7 billion in 2023 and is expected to reach $20.5 billion by 2030 growing at a CAGR of 8.3% during the forecast period. Traction control is a subordinate function of electronic stability control (ESC) on motor vehicles that is designed to prevent road wheels from losing grip. When engine force and control input are incompatible with the road's circumstances, it is stimulated. To help drivers keep control of their vehicles, traction control, an enhanced active braking system, is used in automobiles. It enables a vehicle's wheels to maintain dynamic contact with the road, which is inversely proportional to the driver's inputs for braking.

According to The Global Burden of Disease, published by The Harvard School of Public Health on behalf of the World Health Organization and the World Bank, road accidents are estimated to become the third leading cause of death by 2020.

Market Dynamics:

Driver:

Rising adoption of advanced driver assistance systems

Advanced Driver Assistance Systems (ADAS), which include safety features like anti-lock braking systems (ABS), lane-keeping assistance, and collision avoidance systems, play a crucial role in traction control. With regard to improving the stability and control of cars during acceleration and deceleration, traction control systems are particularly important. The need for traction control systems is growing as these technologies become more widely known and used. Consumers are becoming more aware of the convenience and safety advantages this technology offers. As a result, this element is fueling market expansion.

Restraint:

Complexity of technology

Manufacturers face a significant problem when integrating traction control systems with other vehicle systems like the engine, brakes, and stability control. Successful integration and seamless interoperability include a number of technical challenges. These systems' algorithms take into account a number of variables, including wheel speed differentials, vehicle speed, steering input, and road conditions. As a result, creating traction control systems that provide optimal performance and reduce false alarms is a difficult procedure. Therefore, it is anticipated that these factors will restrain market growth throughout the forecast period.

Opportunity:

Robust demand for autonomous vehicles

Autonomous vehicles use a wide range of sensors, including cameras, radar, LIDAR, and GPS, to detect their surroundings and make wise driving judgments. The need of reliability and safety will grow as demand for autonomous vehicles rises. As traction control systems let autonomous vehicles safely handle a variety of road conditions, they become even more crucial. One of the main factors propelling the market's expansion is the increasing demand for traction control systems in driverless vehicles.

Threat:

High maintenance cost

The traction control system for cars seems like a really promising safety feature. Currently, the market's expansion is being hampered by the high cost of maintenance. The traction control system is made up of a number of electronic parts that have a very short lifespan and require routine maintenance, such as control modules and sensors. These components are highly expensive, and fixing them will cost a lot of money. Additionally, the market is hampered by a lack of alternatives for these components.

COVID-19 Impact:

Due to the COVID-19 pandemic, the car sector has seen a significant decline in both sales and production. As a result of supply chain issues that slowed down production activities, fewer automobiles have been launched. As a result, there has been a reduction in car sales across all market sectors, combined with a decline in consumer demand as a result of the unstable labor market and the recession. Unfavourable effects are therefore projected to have a adverse effect on the market.

The electric linkage segment is expected to be the largest during the forecast period

The electric linkage segment is expected to be the largest during the forecast period due to the rise of electric and hybrid vehicles. This enables precise regulation of power distribution to maximize traction and boost overall vehicle performance. It also enables flawless communication and coordination between the electric powertrain components and the traction control system. They are essential in the signal and command transmission process between the vehicle's numerous parts and the traction control module.

The passenger car segment is expected to have the highest CAGR during the forecast period

The passenger car segment is expected to have the highest CAGR during the forecast period due to the rising demand for passenger cars globally as well as the implementation of severe safety rules in the automotive sector. In addition, as consumer awareness of vehicle safety has grown, OEMs are increasingly including sophisticated traction control systems in passenger cars. This element is additionally projected to support market expansion within the projected time frame.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to increasing investment in research support and development of vehicle safety features. The use of traction control systems will also be further boosted by the improvement in economic conditions and the rising demand for autonomous and electric vehicles, which will fuel the expansion of the regional market during the projection period.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. The growth and development of autonomous driving technologies, such as sensor networks, artificial intelligence, and machine learning, have enhanced the viability and promise of self-driving cars, which has increased the demand for traction control systems. The widespread adoption of cutting-edge safety and driver-assistance technologies in automobiles made locally is a key factor driving the traction control system market.

Key players in the market:

Some of the key players in Traction Control System market include: ZF TRW, WABCO, Hyundai Mobis CO., LTD, Hitachi Ltd, Denso Corporation, Nissin Kogyo Co., Robert Bosch GmbH, AUTOLIV INC, Continental AG, ADVICS CO., LTD, MAHLE GmbH and Delphi Automotive LLP.

Key Developments:

In August 2023, Hyundai Mobis , a leading global automotive supplier and Autotalks, a world leader in V2X (Vehicle-to-Everything) communication solutions are set to unveil their latest joint effort: Hyundai Mobis' MTCU (Multi-functional Telematics Control Unit) connectivity modules.

In May 2023, Bosch and Plus are collaborating to make software-defined commercial trucks a reality. Through a new technology agreement, Plus is offering its PlusDrive solution with the integrated steering system from Bosch featuring hardware and software to deliver driver assistance and partially automated features to commercial vehicles.

In December 2022, Hyundai Mobis, the global automotive supplier, and Ottopia, the global leader in teleoperation software, announced a partnership to develop an end-to-end remote mobility assistance solution that enables the commercialization of autonomous mobility.

Types Covered:

• Electrical Linkage
• Mechanical Linkage
• Other Types

Components Covered:

• Hydraulic Modulators
• Sensors
• Electronic Control Unit
• Other Components

Vehicle Types Covered:

• Passenger Car
• Electric Vehicles
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Internal Combustion Engine (ICE)
• Other Vehicle Types

Distribution Channels Covered:

• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Emerging Markets
• 3.7 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Traction Control System Market, By Type

• 5.1 Introduction
• 5.2 Electrical Linkage
• 5.3 Mechanical Linkage
• 5.4 Other Types

6 Global Traction Control System Market, By Component

• 6.1 Introduction
• 6.2 Hydraulic Modulators
• 6.3 Sensors
• 6.4 Electronic Control Unit
• 6.5 Other Components

7 Global Traction Control System Market, By Vehicle Type

• 7.1 Introduction
• 7.2 Passenger Car
• 7.3 Electric Vehicles
• 7.4 Light Commercial Vehicle
• 7.5 Heavy Commercial Vehicle
• 7.6 Internal Combustion Engine (ICE)
• 7.7 Other Vehicle Types

8 Global Traction Control System Market, By Distribution Channel

• 8.1 Introduction
• 8.2 Original Equipment Manufacturer (OEM)
• 8.3 Aftermarket

9 Global Traction Control System Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 ZF TRW
• 11.2 WABCO
• 11.3 Hyundai Mobis CO., LTD
• 11.4 Hitachi Ltd
• 11.5 Denso Corporation
• 11.6 Nissin Kogyo Co.
• 11.7 Robert Bosch GmbH
• 11.8 AUTOLIV INC
• 11.9 Continental AG
• 11.10 ADVICS CO., LTD
• 11.11 MAHLE GmbH
• 11.12 Delphi Automotive LLP