Pune, India, May, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global advanced suspension control system market. The advanced suspension control system market is expected to witness ~ 9% CAGR during the period, 2017 to 2023.
An advanced suspension system refers to a system that is useful for adjusting and managing the vertical movement of the automobile by tuning the vehicle's height and dampeners to the road conditions. This helps provide maximum driving comfort and improves the handling characteristics of the vehicle. Automotive advanced suspension control systems are regulated and monitored by small chips, microcontrollers, and drivers. The development of new and advanced suspension technologies is a major factor driving the market growth. The suspension manufacturers are constantly working towards the development of new technologies with the objective to remain competitive in the market. Automakers are working towards the development of energy-efficient suspension technologies for eliminating the vibrations and other movements from the wheel. However, the growth of this market is expected to be restrained by the difficulty in diagnosing the faulty systems, which leads to an increase in the overall cost of repair and maintenance.
Market Research Analysis
Amongst all vehicle types, the passenger car segment is expected to dominate the growth of the market over the forecast period. The increase in demand for premium luxury vehicles in major developed nations all over the globe is driving the growth of the segment over the forecast period. Passenger car manufacturers are majorly focusing on the development of semi-active and active suspension systems with the objective to meet the growing requirement of better and safer suspension systems. Also, the increased adoption of advanced driver assistance systems is also helping in improving the ride-handling technologies and safety within vehicles.
Scope of the Report
This study provides an overview of the global advanced suspension control system market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global advanced suspension control system market by technology, vehicle type and regions.
The prominent players in the advanced suspension control system market include Continental AG (Germany), ThyssenKrupp AG (Germany), Infineon Technologies AG (Germany), and BWI Group (China). The Mando Corporation (South Korea), Lord Corporation (U.S.), Schaeffler AG (Germany), ZF Friedrichshafen AG (Germany), Magneti Marelli S.p.A (Italy), and Hitachi Automotive Systems (Japan) are among others.