Automotive Adaptive Suspension System Market Is Expected To Grow At A CAGR 6.12% By 2023

Market Highlights:
The current trend in the automotive industry is going toward technology advancement. The growing technology have led to the change in the suspension system from passive suspension to the active suspension system. In active suspension system, the drive can redefine the mode such as comfort and sports by clicking buttons, onboard. The technology change in the automotive industry has led to the advancements in adaptive suspension system. Unlike passive suspension system that changes the movement by the surface of the road, the adaptive suspension system has the ability to control the movement of the vehicle through the onboard system. The onboard system, for changing the mode makes it easier for the driver to use it. The adaptive suspension systems are of two types, namely pure active suspension system and semi-active suspension system. Semi-active suspension system is the one, in which only the shock absorber is adjusted in order to detect the movement of the system. The pure active suspension system controls all the components in order to enhance the performance of the vehicle.

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On the basis of region, the market has been segmented based on North America, Asia Pacific, Europe, and Rest of the World. In North America, the active suspension system had been initiated so as to improve the performance of the vehicle. This improvement in vehicle performance, will result in the growth of automotive adaptive suspension system market. Also in North America, there the market of luxury vehicles is large, due to which, there will be increase in the use of adaptive suspension systems. Europe is expected to be the second largest region during the forecast period, in terms of growth. Asia Pacific is expected to have highest market share during the forecast period due to the increase in sale of vehicles in emerging countries such as India, china, and Japan.

Key Players:
The key players in automotive Adaptive Suspension System market 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).

Scope of the Report:
This study provides an overview of the global automotive Adaptive Suspension System market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive adaptive suspension systems market by its type, actuation type, vehicle type, and region.

By Type
• Semi-active Suspension system
• Active Suspension System

By Actuation Type
• Hydraulic system
• Electromagnetic systems
• Solenoid valve systems
• Others

By Vehicle Type
• Passenger Cars
• Commercial Vehicles

By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

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