Air Suspension Market to Hit USD 10.67 Billion with 6.42% CAGR by 2030 | Research by SNS Insider

Air Suspension Market size is projected to reach at USD 10.67 Bn by 2030, Due to the increasing integration of state-of-the-art computational technologies, augmented reality, and speech recognition, manufacturers now have the chance to revolutionize the domain of in-car entertainment and information communication.

"In the coordination of motion, Automotive Entertainment Systems ingeniously blend artistic innovation and connectivity, transforming every journey into a personalized masterpiece of technological ingenuity and enjoyment."

Market Size:

The valuation of Air Suspension Market in 2022 amounted to USD 6.49 billion, with a projected increase to reach USD 10.67 billion by 2030. The expected growth, with a CAGR of 6.42%, is anticipated to occur between 2023 and 2030.

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Market Scope:

The shift towards electric and autonomous vehicles opens up new possibilities for designing cutting-edge entertainment systems customized for the specific needs of evolving automotive settings. Giving priority to user-centric interfaces, seamless connectivity, and individualized content dissemination establishes a foundation for companies to differentiate themselves and capture a share of the market.

Major Players:

• Continental AG (Germany)
• Stemco
• ThyssenKrupp AG (Germany)
• Firestone Industrial Products (US)
• Hitachi Ltd. (Japan)
• Wabco Holdings Inc. (Belgium)
• SAF-Holland (Germany)
• Hendrickson International Corporation (US)
• LORD Corporation
• Accuair Suspension (US)
• Airlift Company
• Magneti Marelli S.p.A.
• Mando Corporation

Opportunity Analysis:

As the demand for smart, interconnected vehicles grows, a unique opportunity arises for different entities to collaborate across industries, fostering partnerships that enhance the overall automotive entertainment experience. In conclusion, the sector for automotive entertainment systems presents an intriguing realm for innovation and collaboration, enabling forward-thinking entities to capitalize on the evolving needs and expectations of modern drivers.

Segmentation Analysis:

The tailor-made entertainment and information setups crafted for electric vehicles provide an all-encompassing user experience. As the demand for EVs continues to rise, innovations in the entertainment domain are anticipated to play a pivotal role in enhancing the appeal and user-friendliness of electric vehicles, thereby significantly contributing to the ongoing evolution of eco-conscious transportation.

By Vehicle Type:

• Passenger car
• Commercial vehicle

By Technology:

• Manual Air Suspension
• Electronic Air Suspension

By Component:

• Shock Absorber
• Air Spring
• Height sensor
• Air compressor
• Electric control unit
• Air Reservoir
• Others

By End-user:

• OEM
• Aftermarket

Regional Analysis

With an increasing demographic of individuals with moderate incomes, enhanced disposable income, and a growing urban population, there has been a notable rise in the demand for sophisticated in-vehicle entertainment systems. Countries like China and India, experiencing rapid transformations in the automotive sector, are notably moving towards interconnected vehicles with intelligent capabilities. Analysis of the Asia-Pacific (APAC) region reveals a situation characterized by a mix of traditional leaders in the automotive industry and dynamic technological pioneers, all vying for supremacy in the race to offer cutting-edge entertainment solutions for automobiles.

Key Takeaways:

• The growing demand from consumers for seamless connectivity and enhanced in-vehicle entertainment has propelled technological advancements. There is a dedicated effort to integrate functionalities based on artificial intelligence and create interfaces that are user-friendly. Furthermore, the market is undergoing a shift towards more personalized and captivating content, reflecting the changing preferences of contemporary drivers.
• The emergence of electric and autonomous vehicles has further spurred progress in infotainment, with a focus on solutions that conserve energy and offer distinctive entertainment options tailored for scenarios involving autonomous driving.

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Recent Industry Developments:

• A prominent player in automotive infotainment solutions, Pioneer Corporation, recently unveiled an innovative multimedia system for vehicles. This system seamlessly integrates cutting-edge voice recognition technology, offering users a convenient and hands-free interface.
• Harman International, a subsidiary of Samsung Electronics, has introduced an innovative dashboard display featuring Augmented Reality (AR) technology. This advanced display enhances driver safety by projecting real-time information onto the windshield.
• Bosch, a globally recognized technology leader, has made significant strides in their latest generation infotainment platform. This platform prioritizes connectivity and personalized content delivery, highlighting Bosch's dedication to state-of-the-art technology.

Table of Contents:

1. Introduction

1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter's 5 forces model

7. PEST Analysis

8. Global Air Suspension Market Segmentation, by Vehicle type

8.1 Passenger car
8.2 Commercial vehicle

9. Global Air Suspension Market Segmentation, by technology

9.1 Manual Air Suspension
9.2 Electronic Air Suspension

10. Global Air Suspension Market Segmentation, by component

10.1 Shock Absorber
10.2 Air Spring
10.3 Height sensor
10.4 Air compressor
10.5 Electric control unit
10.6 Air Reservoir
10.7 Others

11. Global Air Suspension Market Segmentation, by End-user

11.1 OEM
11.2 Aftermarket

12. Regional Analysis

Continued…!

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