Advanced Suspension Control System Market Analysis, Share, Trends and Forecast by 2022

According to Stratistics MRC, the Global Advanced Suspension Control System Market is expected to grow at a CAGR of 9.5% during the forecast period”. Factors such as increasing use of electronics in vehicles and technological advances are fueling the market growth. However, strict government regulations, cost expenditure of the repair and replacement and lack of standardization are hampering the market. Reliability issues may also pose challenge to market over the forecast period. Upcoming suspension technologies will be a key trend for market growth.

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By technology, semi-active suspension system segment commanded the largest market share during the forecast period.

The low-cost of development of these systems will be one of the primary factors attributing to the growth of this segment. By vehicle type, Passenger Cars segment is anticipated to grow at a significant CAGR attributed to growing demand for automated premium luxury vehicles from the Asia pacific region. By geography, EMEA was the largest market accounting for almost 46% of the total market share. The higher adoption rate of advanced suspension control systems will be one of the primary drivers for the growth of the market in this region.

Some of the key players in Advanced Suspension Control System market include BWI Group, ThyssenKrupp, Mando Corporation, Infineon Technologies, Lord and Continental.

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Technologies Covered:
Active Suspension System
Semi-active Suspension System

Vehicle Types Covered:
Commercial Vehicles
Passenger Cars

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

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