Some of the key findings from our automotive active cornering systems market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global automotive active cornering system industry overview
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.
Top automotive active cornering system companies covered in this market research report
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:
- BorgWarner Inc.
- Continental AG
- Eaton
- JTEKT Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
Automotive active cornering systems market segmentation based on application
- SUVs
- Others
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.
Automotive active cornering systems market segmentation based on geography
- APAC
- Europe
- MEA
- North America
- South America
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.
Key highlights of the global automotive active cornering systems market report for the forecast period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive active cornering systems market size during the next five years
- Precise estimation of the global automotive active cornering systems market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive active cornering systems industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of automotive active cornering system companies
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