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Some of the key findings from our automotive active cornering systems market forecast report are summarized below
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Vendors and automotive manufacturers are investing in R&D to develop stability control systems with added functionalities. Toyota has already developed the E-Four system that increases the torque output to the electrically driven rear wheels, especially for its hybrid vehicles. The system optimally distributes torque to the rear wheels based on real-time driving conditions. Such developments in the torque vectoring systems will subsequently fuel the growth of the automotive active cornering system market over the forecast period.
NCAP ratings help customers have a better understanding of the safety features of the vehicle. Automobile manufacturers are developing more safer vehicles to pass NCAP crash tests with better ratings. The Euro NCAP gives high importance to vehicles that are equipped with electronic stability control (ESC) to prevent rollover accidents. Active cornering system is commonly offered as a function of ESC in vehicles. The increased emphasis on ESC in vehicles will increase the adoption of active cornering systems in vehicles. As a result of these factors, the global automobile active cornering systems market will grow at a CAGR of around 16% during 2019-2023.
The global automotive active cornering systems market is fairly concentrated. This research report provides a detailed analysis of the market’s competitive landscape and provides information on the products offered by various companies. Key insights provided by this global automotive active cornering systems market report will help companies create effective strategies to improve their revenue share.
The report offers a detailed analysis of several leading companies including:
During the forecast period, automotive active cornering systems will be mostly used in SUVs. SUVs sold in countries such as the US, Canada, and Mexico have a high penetration of advanced driver assistance systems (ADAS) that includes safety features such as active cornering systems. This report provides an accurate prediction of the contribution of various segments to the growth of the global active cornering systems market size.
North America will provide maximum growth opportunities for companies in the active cornering systems market. The topography of the region comprising several mountain ranges and rocky terrains has increased the sale of pickup trucks, SUVs, and other recreational vehicles that come equipped with active cornering systems. This coupled with the growing competition among automakers in the region that has increased the adoption of various safety features including active cornering systems will contribute to the growth of the automotive active cornering market in North America.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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