Traction control system helps to accelerate, prevent loss of traction (slippage) of driven road wheels and maintaining proper torque between the surface and wheels. The traction control system consists of wheel speed sensors, a hydraulic modulator, and an electric control unit (ECU). The traction control system is an additional protection feature which accompanies the anti-lock braking (ABS) system to offer advanced stability, specifically during tilting and cornering of motorcycles. The Traction control system market is emerging as it has been using in racing & touring cars and motorcycles.

MARKET DYNAMICS

Increase in the adoption of premium, high-ranged, racing motorcycles & cars, growing demand for safety features, increasing global safety protocols for vehicle safety are some of the key drivers of the Traction control system market. However, the high cost of manufacturing of the traction control system is limiting market growth. On the other hand, growing inclination of youth towards cruiser, sports motorcycles, racing cars, untapped market in developing countries are creating newer opportunities for the Traction control system market.

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Major Players in the market are: ADVICS, Co.,, LtdAutoliv, IncContinental, AGDenso, CorporationHitachi, Automotive, Systems, Americas, IncHyundai, Mobis, Co.,, LtdNissin, Kogyo, Co.,, LtdRobert, Bosch, GmbHWABCOZF, Friedrichshafen, AG

Global Traction Control System Market: Applications and Types

Covid-19 Impact and Global Analysis – by Type (Mechanical Linkage, Electrical Linkage); Component (Hydraulic Modulators, ECU [Electric Control Unit], Sensor); VEHICLE TYPE (ICE [Internal Combustion Engine] Vehicles, Electric Vehicles) and Geography

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  • Global Traction Control System Market: This market research report focuses on Past-Current Size, Price, Trends, Shares, Segment & Forecast 2021-2027.

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This report provides

  • An in-depth overview of the global market for Traction Control System.
  • Assessment of the global industry trends, historical data, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
  • Discoveries of new market prospects and targeted marketing methodologies for Global Traction Control System
  • Discussion of R&D, and the demand for new products launches and applications.
  • Wide-ranging company profiles of leading participants in the industry.
  • The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
  • Study the market in terms of generic and premium product revenue.
  • Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.

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