Automotive Adaptive Suspension System Market to grow at 6.12% CAGR by 2018 to 2023, according to “Global Automotive Adaptive Suspension System Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on Automotive Adaptive Suspension System Market Forecast data up to 2023, with historic and current market information. Automotive Adaptive Suspension System Industry analysis done by Type (Semi-active Suspension system and Active Suspension System), Actuation Type (Hydraulic system, Electromagnetic systems, Solenoid valve systems, and Others), Vehicle Type (Passenger car and Commercial Vehicle) and region.
Global Automotive Adaptive Suspension System Market Highlights:
The factors responsible for the growth of automotive adaptive suspension system are enhancement in performance of the vehicle, and increased demand of vehicle. These factors result in growing sales in developing nation, and ease of use. The adaptive suspension system provides the vehicle with better suspension system to provide ease of travelling. The advancement in technology, allows the car manufacturers to achieve more ride quality by maintaining the tires perpendicular to the road. This advancement in technology will result in increased use of adaptive suspension systems in cars, leading in the growth of the market.
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Automotive Adaptive Suspension System Market Key Companies Studied in this report are: Bose Corporation (U.S.), Quanser Inc. (Canada), ZF Sachs AG (Germany), Daimler AG (Germany), Magneti Marelli S.p.A (Italy), Hitachi Automotive Systems, Ltd. (India), Porsche Cars North America, Inc (U.S.), LORD Corporation (U.S.), BWI Group (Dayton, Ohio), and Eaton Corporation Plc (Republic of Ireland).
The adaptive suspension system provides the vehicle with better suspension system so as to provide ease of travelling. The advancement in technology, allows the car manufacturers to achieve a higher degree of ride quality by maintaining the tires perpendicular to the road. This advancement in technology will result in increased use of adaptive suspension systems in cars, leading in the growth of the market. The automotive adaptive suspension system market is expected to grow at CAGR of 6 .12% during the forecast period.
On the basis of regions, the market has been segmented as North America, Asia Pacific, Europe, and Rest of the World. North America is expected to dominate the market during the forecast period as the region experienced early development in active suspension system. The other main reasons for the growth of North America is that they have a larger market for the luxury vehicles, which will result in the increase use of the adaptive suspension system.
Europe is expected to be the second largest region in this market due to the rise in high end vehicles. Asia Pacific is expected to witness the highest growth in the adaptive suspension system market due to the growing automotive industry in developing countries such as China, India, and Japan.
Market Segments Analysis:
The automotive adaptive suspension system market is segmented based on types, actuation types, vehicle types, and regions. Based on type, the market has been segmented as pure active suspension system and semi-active suspension system. The pure active suspension system is expected to dominate the market during the forecast period because it provides better ride comfort and improved performance of the vehicle. The pure active suspension system also improves the braking system and increased performance, which will result in the increase usage of the segment.
Based on actuation type, the market is segmented as hydraulic system, electromagnetic systems, solenoid valve systems, and others. Electromagnetic systems are expected to dominate the market during the forecast period because they can directly monitor the movement of the vehicle body, through a computer by supplying data, constantly. This ease of monitoring will lead to the growth of the market, during the forecast period.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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