Global Advanced Suspension Control System Market 2016-2020

This market study recognizes Continental, ThyssenKrupp, Infineon Technologies, and BWI Group as the key vendors in the global automotive advanced suspension control system market. This report also presents segmentations based on the type of vehicle (passenger cars and commercial vehicles), technology (semi-active suspension system and active suspension system), and geography (the Americas, APAC, and EMEA).

Overview of the global automotive advanced suspension control system market

The market research analyst at Technavio predicts that the global automotive advanced suspension control system market will grow steadily at a CAGR of around 9% by 2020. The introduction of electronically-controlled air suspension system for an optimum ride and safe driving experience will be one of the key factors contributing to the growth of the market during the forecast period. The new suspension systems are integrated with hydraulic and mechanical systems with advanced electronics that make the vehicle extremely lightweight. The integration of hydraulic pumps helps manage oil flow through the absorbers and provides superior control of spring and damping forces, which control the pitch and speed of the vehicle. Also, some of the systems can either be air-controlled or electronically-controlled and comprise of shock absorbers that sync with the vehicle’s speed and road conditions for added safety. Furthermore, the manufacturers will invest in new technologies that meet the customer’s demand for safer cars and less vehicular vibrations and noises during the forecast period.

In 2015, EMEA was the largest region in the market by 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 advanced suspension control system market in this region. Major vendors such as Mercedes-Benz, Audi, and BMW are investing in the development of advanced technology for automotive components, which helps to optimize the ride. These innovations will help vendors to offer superior suspension and safety technologies to provide a proper balance of performance and handling capabilities.

Competitive landscape and key vendors

The introduction of stringent safety norms and increased implementation of electronic components in vehicles has rendered the market highly competitive. Vendors will be focusing on the development of light-weight and ride enhancing technologies to create a distinguished place for themselves in the market. Moreover, many manufacturers are also setting up facilities across the world to increase their global presence. Also, the increasing demand for luxury cars and automatic suspension systems will compel businesses to progress towards innovative technologies for suspension systems and components.

Leading vendors in the market are -

• Continental
• ThyssenKrupp
• Infineon Technologies
• BWI Group

Other prominent players in the market are Mando and Lord.

Segmentation based on vehicle type and analysis of the automotive advanced suspension control system market

• Passenger cars
• Commercial vehicles

Market research analysts predict that the passenger car segment will dominate the market by growing at a CAGR of around 9% by 2020. The increasing demand for automated premium luxury vehicles from the APAC region will lead to the growth of this segment in the coming years. Additionally, the manufacturers will also focus on the introduction of semi-active and active suspension systems to meet the growing requirement of better and safer suspension systems. Moreover, the advent of advanced driver assistance systems (ADAS) will also help to improve the ride-handling technologies and the overall safety of cars.

Segmentation based on technology and analysis of the automotive advanced suspension control system market

• Semi-active suspension system
• Active suspension system

During 2015, the semi-active suspension system sector dominated the market by accounting for around 65% of the total market share. The low-cost of development of these systems will be one of the primary factors attributing to the growth of this segment. Since the complexity of the mechanisms is lower in these systems, they are highly energy-efficient and more reliable. Also, the extensive use of magnetorheological (MR fluid) will add to the cost advantage of the semi-active suspension systems, which will further boost the growth prospects for this market segment in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global automotive advanced suspension control system market?
• What are the key market trends impacting the global automotive advanced suspension control system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive advanced suspension control system market?
• What are the market opportunities and threats faced by the vendors in the global automotive advanced suspension control system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive advanced suspension control system market?