Press release
With 7% CAGR, Automotive Hill Descent Control Market Size 3.1 Million Units by 2027
Automotive Hill Descent Control Market
Automotive hill descent control (HDC) represents an assistance system that enables the vehicle to land on a slope at a controlled speed. It is designed as a safety feature to aid in driving through steep terrains using the cruise control system of the vehicle. Automotive HDC operates along with anti-lock braking (ABS) and a traction control mechanism to independently control the speed of the car and maximize the grip on each wheel. Automobile manufacturers are providing this feature with electrical stability control (ESC) systems and ABS to deliver predictive cruise control and improve overall fuel efficiency. Automotive HDC also enables the driver to maintain a pre-determined safe speed and underlines on identifying potential hazards. As a result, this system finds widespread applications in passenger and light and heavy commercial vehicles.
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Market Growth and Demand:
The escalating usage of global positioning system (GPS)-assisted cruise control with these systems is among the primary factors driving the automotive hill descent control market. Besides this, the integration of autonomous terrain profiling and driving techniques in modern automobiles is further augmenting the market growth. Moreover, various technological advancements, such as the introduction of connected all-terrain driving systems that utilize dedicated short-range communications (DSRC) for vehicle-to-vehicle short or medium-range wireless communications, are also catalyzing the global market. Apart from this, several innovative technologies, including 3D path sensing, overhead clearance assistance, and terrain-based speed adaptation systems, are extensively used in passenger and commercial automobiles, which are acting as significant growth-inducing factors. Furthermore, the inflating expenditure capacities of the masses and the elevating demand for luxury and semi-utility vehicles (SUVs) are anticipated to propel the automotive hill descent control market over the forecasted period.
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Key Players of the Market:
• Continental AG
• Borg Warner Inc
• Hyundai Mobis, Co., Ltd
• Murata Manufacturing Co., Ltd
• Robert Bosch GmbH
• WABCO Holdings Inc
• ZF Friedrichshafen AG
Key Market Segmentation:
Breakup by Component:
• Sensors
o Wheel Sensors
o Torque Sensors
o Angle Sensors
o Pressure Sensors
• Actuators
• Electronic Control Unit
Breakup by Vehicle Type:
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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