Overview of the global automotive launch control system market
According to Technavio’s analyst, the global automotive launch control system market is anticipated to grow at a steady rate and post a CAGR of close to 5% during the forecast period. The growing demand for superior performance using launch control systems will drive the growth prospects for the global automotive launch control system market until the end of 2021. An automotive launch control systems is a performance-enhancing system, which offers a high advantage over competitors in racing and motorsport events. Manufacturers have come up with a large number of launch control systems or interfaces that work on the principle of creating a misfire within any one of the engine’s cylinders. As a result, launch revolutions per minute (rpm) built in the vehicle due to the increased velocity and pressure of the mixture inside the cylinder helps the car to launch with greater levels of power and enable the driver to hold the vehicle at full throttle or permissible torque to launch the vehicle.
The integration of launch control system with manually operated gearbox will drive the growth prospects for the global automotive launch control system market for the next four years. According to the industry research report, the penetration rate of launch control systems is growing with the increasing trend of cars such as Bugatti Veyron Super Sport, Porsche Panamera Turbo, Nissan GTR, and Audi TT RS being equipped with dual shift gearbox (DSG). The main objective of integrating both the systems is to achieve the highest acceleration and protection of the car’s drivetrain parts and components during the launch of the vehicle.
Competitive landscape and key vendors
The global automotive launch control system market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that several vendors are increasingly competing against each other based on factors such as quality and price. Also, various international vendors are increasingly focusing on research and developmental activities to expand their geographical reach and widen the customer base.
Key vendors in this market are -
Ford Motor Company
Other prominent vendors in the market include Audi, Bugatti, and Volkswagen Cars.
Segmentation by key stakeholder and analysis of the automotive launch control system market
The global automotive launch control system market in the OEM segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market segment’s growth is the growing volume sales of sports and super sports cars that offer launch control system as a standard fitment. For instance, the market is witnessing an increase in the volume sales of vehicles in the sports car category such as those of Porsche, Mercedes-Benz AMG, Ferrari, Lamborghini, and McLaren.
Growth drivers, challenges, and upcoming trends:
The deployment of the aerodynamic wing in sync with launch control system will drive the growth prospects for the global automotive launch control system market. One of the major factors responsible for the growing number of incorporation of active wings and launch control systems is the development of high-octane engineering technologies, super sports cars, and dragsters to increase the downforce, maximize control, and simultaneously minimize drag.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global automotive launch control system market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global automotive launch control system market?
What are the key market trends impacting the growth of the global automotive launch control system market?
What are the challenges to market growth?
Who are the key vendors in the global automotive launch control system market?
What are the market opportunities and threats faced by the vendors in the global automotive launch control system market?
What are the key outcomes of the five forces analysis of the global automotive launch control system market?
Technavio also offers customization on reports based on specific client requirement.
Technavio identifies short- and long-term trends in vehicular penetration rates, competitors, growth opportunities, and challenges, and brings a comprehensive collection of market research reports on the various aspects of the automotive electronics sector, which is an integral part of the automotive industry. While analyzing this market space, research analysts have noted that this industry is witnessing profound market development and structural transformations, which has created countless business opportunities, both globally and regionally, to impact the overall industry’s growth. Our actionable market intelligence reports provide information on some of the leading automotive manufacturers including Delphi, Denso, Magna, and Robert Bosch and original equipment manufacturers (OEMs) such as Fiat, Ford, GM, Honda, Hyundai, Toyota, and Volkswagen.
Keeping in mind the specific requirements of the automotive electronics industry, the research analysts at Technavio have focused on several market insights to provide a comprehensive picture of the growth prospects and latest trends on automotive electronics like launch control systems. Launch control system is a computer controlled feature in a performance oriented vehicle which assists a vehicle to launch from a standstill through the integration of adequate power and minimal wheelspin. The rapidly pioneering technological advancements in the electronics components of vehicles, specifically sensors and microcontrollers, helps not only in enhancing the performance of vehicles but also helps in developing advanced safety systems.
Our upcoming market intelligence report on launch control systems also takes into account the growth of the other niche automotive markets like automotive night vision system and automotive blind spot detection, which are expected to grow at a CAGR of 16% and 24%, respectively by 2020. Apart from syndicated reports, Technavio also develops high-quality customized reports depending on the specific requirement of our clients. Our research specialists & industry experts cover an in-depth analysis of product trends and new market segments to generate an all-encompassing overview of the performance chemicals market space.
The market report for launch control systems also identifies the key drivers, emerging trends, as well as the challenges that the automotive electronics industry is currently experiencing. It presents insights into the changing competitive landscape which will give you a realistic picture of the future direction of the automotive sector.