Press release
Global Automotive Active Suspension System Market size will reach 260 million US$ by 2025
The active suspension system in an automotive is responsible for continuously adjusting the suspension settings as per the road conditions to provide a smooth and comfortable driving experience. The leading automakers around the world are offering advanced suspension technologies in their premium and luxury models to offer a rich driving experience to its customers. Automobile suspension systems emerged at the beginning of 19th century when automobiles were invented. Internal combustion engine powered vehicles were still in their embryo stage, and only two innovations were made to form the vehicle's suspension system. Initially, front coil springs were used, along with dampeners, to act as shock absorbers for minimizing vibrations in vehicles. Later, leaf springs were used, which were flexible to accommodate varying weights and less expensive.
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Electronic components in automobiles have outgrown the utility of traditional mechanical components. Preference for electronic components is increasing due to the increased need for safety, performance, stability, and comfort in vehicles. Technavios market research report has identified shift towards electrification of automotive components as one of the primary factors that will fuel the growth of the automotive active suspension system market in the coming years. To develop the trend of electrification, manufacturers are adopting new technologies. The automotive industry is witnessing extensive use of the sensors, actuators, accumulators, ECUs,hydraulic pumps, and on-board computers for the operation of various systems. Moreover, vehicle electrification has led semi-active and active suspension systems to adopt electronic and electro-hydraulic components.
Global Automotive Active Suspension System market size will reach 260 million US$ by 2025, from 140 million US$ in 2018, at a CAGR of 9.0% during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Active Suspension System.
This industry study presents the global Automotive Active Suspension System market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Active Suspension System production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Active Suspension System in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Quanser, ZF Sachs AG, etc.
The following manufacturers are covered in this report:
Quanser
ZF Sachs AG
Daimler AG
Magneti Marelli S P A
Hitachi Automotive Systems
Porsche Cars North America
LORD Corporation
BWI Group
Eaton Corporation
Tanabe USA
Automotive Active Suspension System Breakdown Data by Type
Hydraulic Systems
Electromagnetic Systems
Solenoid Valve Systems
Magneto Rheological Systems
Other
Automotive Active Suspension System Breakdown Data by Application
Passenger Vehicles
Commercial Vehicles
Automotive Active Suspension System Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
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Automotive Active Suspension System Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automotive Active Suspension System status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Automotive Active Suspension System manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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This report includes the estimation of market size for value (million USD) and volume (MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Active Suspension System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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