Automotive Adaptive Suspension System Market: Global Major Key Players Research – Forecast to 2023

Automotive Adaptive Suspension System Market 2018

Automotive Adaptive Suspension System Market Information Report by Type (Semi-active Suspension system and Active Suspension System), Actuation Type (Hydraulic system, Electromagnetic systems, Solenoid valve systems, and Others), Vehicle Type (Passenger car and Commercial Vehicle) and region.

Market Scenario

The adaptive suspension system is finding its way in the newer models due to flexibility and ease of use. They are getting so advanced that even the least sensitive drive can use it without any difficulty. The driver can distinguish between comfort and sports mode, with mere clicks on the screen. Automotive industry is one of the most lucrative industries due to continuous evolution of technology transformation, every day. The change in technology in the automotive industry has made adaptive suspension system more advanced, unlike the passive suspension system that changes the movement by the surface of the road. The adaptive suspension system has the ability to control vehicle movements through onboard systems that detect the force applied to wheels. The detection of the force makes the adjustment of the chassis level, easier, for gaining better vehicle comfort. There are two types of suspensions, semi-active suspension and active suspension. A suspension system in which only the shock absorber is adjusted, is known as semi-active suspension while active suspension enhances the dynamics of vehicle such as comfort rife, vehicle control and stability.

Key Players

The key players in aerospace flight control 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).

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The factors responsible for the growth of automotive adaptive suspension system are enhancement in performance of the vehicle, and increased demand of vehicle. These factors result in growing sales in developing nation, and ease of use. The adaptive suspension system provides the vehicle with better suspension system so as to provide ease of travelling. The advancement in technology, allows the car manufacturers to achieve a higher degree of ride quality by maintaining the tires perpendicular to the road. This advancement in technology will result in increased use of adaptive suspension systems in cars, leading in the growth of the market. The automotive adaptive suspension system market is expected to grow at CAGR of 6 .12% during the forecast period.

The automotive adaptive suspension system market is segmented based on types, actuation types, vehicle types, and regions. On the basis of type, the market has been segmented as pure active suspension system and semi-active suspension system. The pure active suspension system is expected to dominate the market during the forecast period because it provides better ride comfort and improved performance of the vehicle. The pure active suspension system also improves the braking system and increased performance, which will result in the increase usage of the segment. On the basis of actuation type, the market is segmented as hydraulic system, electromagnetic systems, solenoid valve systems, and others. Electromagnetic systems are expected to dominate the market during the forecast period because they can directly monitor the movement of the vehicle body, through a computer by supplying data, constantly. This ease of monitoring will lead to the growth of the market, during the forecast period.

On the basis of regions, the market has been segmented as North America, Asia Pacific, Europe, and Rest of the World. North America is expected to dominate the market during the forecast period as the region experienced early development in active suspension system. The other main reasons for the growth of North America is that they have a larger market for the luxury vehicles, which will result in the increase use of the adaptive suspension system. Europe is expected to be the second largest region in this market due to the rise in high end vehicles. Asia Pacific is expected to witness the highest growth in the adaptive suspension system market due to the growing automotive industry in developing countries such as China, India, and Japan.

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