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Traction Control System Market size is set to grow by USD 12.3 billion from 2024-2028, Robust demand for autonomous vehicles boost the market, Technavio

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NEW YORK, July 12, 2024 /PRNewswire/ — The global traction control system market size is estimated to grow by USD 12.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.74%  during the forecast period. Robust demand for autonomous vehicles is driving market growth, with a trend towards increasing adoption of advanced driver assistance systems (ADAS). However, technological complexity associated with traction control systems  poses a challenge. Key market players include ABB Ltd., AISIN CORP., Autoliv Inc., Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, Kendrion NV, Knorr Bremse AG, MAHLE GmbH, Mitsubishi Electric Corp., Nidec Corp., Nissan Motor Co. Ltd., RaceTronics, Robert Bosch GmbH, Siemens AG, Voith GmbH and Co. KGaA, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP., and ZF Friedrichshafen AG.

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Traction Control System Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.74%

Market growth 2024-2028

USD 12.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.27

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 52%

Key countries

China, US, Germany, Japan, and UK

Key companies profiled

ABB Ltd., AISIN CORP., Autoliv Inc., Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, Kendrion NV, Knorr Bremse AG, MAHLE GmbH, Mitsubishi Electric Corp., Nidec Corp., Nissan Motor Co. Ltd., RaceTronics, Robert Bosch GmbH, Siemens AG, Voith GmbH and Co. KGaA, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP., and ZF Friedrichshafen AG

Market Driver

Traction control systems are essential components of Advanced Driver Assistance Systems (ADAS), which include features like anti-lock braking systems (ABS), lane-keeping assistance, and collision avoidance systems. These systems enhance vehicle stability and control during acceleration and deceleration. With the increasing popularity of ADAS technologies, the demand for traction control systems is rising. Consumers value the safety and convenience benefits offered by these systems, making them an integral part of ADAS. As a result, the expanding market for ADAS will positively impact the growth of the global traction control system market during the forecast period.

The Traction Control System (TCS) market is experiencing significant growth due to increasing demand for safety applications in modern vehicles. Automobiles, both passenger and commercial, are integrating advanced safety features like active braking systems and TCS to enhance vehicle safety. However, the high maintenance cost associated with these electrical and electronic components can be a hindrance for some vehicle manufacturers. Safety standard ratings and emission regulations are driving the market, with TCS being a crucial safety device for preventing wheel spin and maintaining vehicle stability. TCS uses hydraulic modulators and electronic linkage to control engine torque and throttle input based on road conditions. Weight reduction strategies are also a trend in the market, with TCS being an essential component for maintaining vehicle control and improving ride quality in electric vehicles. Anti-lock braking systems and battery management systems are integral to the functioning of TCS in electric vehicles. In the ride-hailing and ridesharing sectors, TCS is becoming a standard safety feature, ensuring passenger safety and comfort. Despite the challenges, the market is expected to continue growing, with vehicle manufacturers focusing on developing cost-effective TCS solutions and integrating them with other safety and comfort systems.

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Market Challenges

Traction control systems are essential vehicle components that ensure optimal power delivery to the wheels while maintaining stability and preventing wheel slippage. These systems interact closely with the engine, braking, and stability control systems, necessitating intricate integration. Developing and fine-tuning the sophisticated algorithms that analyze sensor data to detect wheel slips is a complex process. Factors such as wheel speed differentials, vehicle speed, steering input, and road conditions are considered. Integrating traction control systems with advanced driver-assistance systems (ADAS) and pursuing autonomous driving capabilities adds to their technological complexity. This complexity may pose challenges to the growth of the global traction control systems market.Traction Control Systems (TCS) have become essential vehicle safety features in modern passenger and commercial vehicles. However, implementing TCS in mechanical and electrical systems poses challenges. In mechanical systems, maintaining grip on wheels during extreme weather conditions like snow, rain, and ice can be difficult. In electrical systems, ensuring smooth operation in electric vehicles requires addressing battery level, vehicle speed, stop light, throttle position, and wheel speed sensors. Ride-hailing and ridesharing services, including passenger vehicles and commercial vehicles, benefit significantly from TCS. TCS helps maintain vehicle stability and control, preventing skidding and improving road safety. However, TCS implementation adds complexity and maintenance costs. Mechanical linkages and mechanical linkages in four-wheel drive systems require regular checks. Additionally, electronic coupling and emissions concerns in electric vehicles can impact fuel efficiency and emission norms. Manufacturers face challenges in ensuring TCS compatibility with ABS and other safety features. Mechanical and electrical failures, such as ECU dysfunctioning, can disrupt TCS functionality. Despite these challenges, TCS remains a critical component in ensuring vehicle safety and performance.

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Segment Overview 

This traction control system market report extensively covers market segmentation by  

Type 1.1 Electric linkage1.2 Mechanical linkageVehicle Type2.1 Passenger cars2.2 Light commercial vehicles2.3 Heavy commercial vehiclesGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Electric linkage-  The Traction Control System (TCS) market encompasses various applications in passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles. Malfunctions in the ECU can hinder TCS functionality, affecting four-wheel drive performance, emissions, and fuel consumption. Mechanical linkages and electrical linkages are essential components in TCS, with hydraulic modulators and battery-powered electric coupling playing significant roles. Manufacturers prioritize fuel efficiency and emission norms, integrating TCS with advanced braking systems, comfort systems, and safety applications such as active braking systems and anti-lock braking systems. However, the high maintenance cost associated with mechanical linkages and electronic components can be a hindrance. Weight reduction strategies and the integration of electronic linkages are ongoing efforts to address these challenges. Vehicle safety standards continue to evolve, necessitating the development of more sophisticated TCS systems. Electronic control modules and strategies such as torque vectoring and power distribution are essential to meeting safety standard ratings and enhancing vehicle performance. Despite these advancements, the TCS market faces ongoing challenges, including the integration of TCS with other vehicle systems and the increasing complexity of electronic components.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Traction Control System (TCS) market encompasses both mechanical and electrical systems that ensure vehicle stability and safety, particularly in adverse road conditions. TCS is a crucial safety feature in modern passenger and commercial vehicles, including electric ones, and is increasingly essential for ride-hailing and ridesharing services. TCS functions by monitoring wheels’ rotation speed and adjusting throttle input and engine torque to prevent wheel spin and maintain traction on slippery roads caused by rain, snow, or extreme weather conditions. TCS works in tandem with other safety applications like active braking systems to enhance vehicle safety and comfort. However, high maintenance costs and safety standard ratings are significant challenges for TCS market growth. Global safety protocols continue to prioritize vehicle safety, making TCS an indispensable component of automobiles.

Market Research Overview

Traction Control Systems (TCS) are vital safety features in modern vehicles, enhancing vehicle stability and road grip. TCS can be mechanical or electrical, working in passenger cars, commercial vehicles, and electric vehicles. In extreme weather conditions like snow, rain, or ice, TCS monitors wheels’ rotation speed and adjusts engine torque and throttle input to prevent wheel slippage. TCS interacts with Anti-lock Braking Systems (ABS), wheel speed sensors, and brake systems. Mechanical linkages and electrical linkages or electronic couplings are used. TCS reduces emissions, improves fuel efficiency, and meets emission norms. However, high maintenance costs due to ECU dysfunctioning and replacement of sensors can be hindrances. TCS is also used in ride-hailing and ridesharing services, enhancing safety and comfort systems. Manufacturers continuously innovate, integrating TCS with advanced braking systems and active safety applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeElectric LinkageMechanical LinkageVehicle TypePassenger CarsLight Commercial VehiclesHeavy Commercial VehiclesGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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