Global Commercial Vehicle Hill Assist System Market 2017-2021
Published: Aug 2017 | Pages: 79 | SKU: IRTNTR13799 |
Overview of the global commercial vehicle hill assist system market
Research analysis on the global commercial vehicle hill assist system market identifies that the increased penetration of ABS and ESC systems in commercial vehicles will be one of the major factors that will have a positive impact on the market's growth. The high penetration of ABS and ESC systems in commercial vehicles is reducing the cost of manufacturing electronic sensors for commercial vehicles. Since hill assist systems receive inputs from the same sensors used by ABS and ESC systems, bundling the hill assist systems in commercial vehicles will controlling production costs to automotive OEMs. With the rising number of commercial vehicles equipped with ABS and ESC systems the demand for commercial vehicle hill assist systems will subsequently increase during the forecast period. Technavio's market research analysts predict that in terms of units, this market will grow at a CAGR of close to 8% by 2021.
The implementation of regenerative braking in hill assist systems in hybrid electric vehicles is one of the key trends that will drive the growth of this market in the forthcoming years. Heavy expenditure in R&D activities has been made to enhance the performance, offer better fuel efficiency, and develop system security of hybrid electric vehicles. Fuel efficiency was improved by using regenerative braking during the vehicle's movement on sloping terrains. This converts the kinetic energy of the vehicle into electrical energy which is used to recharge the batteries. Researchers have also come up with downhill assistance systems that calculates the regenerative braking torque, hydraulic braking torque, and engine braking torque based on inputs from inclinometer, vehicle speed sensors, and the position of the accelerator pedal.
Competitive landscape and key vendors
The commercial vehicle hill assist system market consists of few established players. The competitive environment among the players in this marketspace will intensify in the coming years with the introduction of stringent safety norms by the regulatory bodies across the globe and the rise in vehicle safety awareness among the people.
The leading vendors in the market are -
- Bosch
- Continental
- Knorr-Bremse
- WABCO
- ZF-TRW
The other prominent vendors in the market are Murata Manufacturing Co. and Delphi.
Segmentation by application and analysis of the commercial vehicle hill assist system market
- LCVs
- HCVs
During 2016, the LCVs segment accounted for the major shares of the commercial vehicle hill assist system market. Factors such as the increasing use of LCVs for transporting goods and people in hilly terrains and other off-road conditions and the need for hill assist systems for increasing the efficiency of brakes, will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the commercial vehicle hill assist system market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the commercial vehicle hill assist system market throughout the forecast period. This is mainly due to the rising demand for safety systems in the commercial vehicle market and the stringent safety guidelines set by regulatory bodies. Additionally, the increasing penetration of ADAS in commercial vehicles will also drive the demand for hill assist systems in EMEA.
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 commercial vehicle hill assist system market?
- What are the key market trends impacting the growth of the global commercial vehicle hill assist system market?
- What are the challenges to market growth?
- Who are the key vendors in the global commercial vehicle hill assist system market?
- What are the market opportunities and threats faced by the vendors in the global commercial vehicle hill assist 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 commercial vehicle hill assist system market?
Technavio also offers customization on reports based on specific client requirement.
A motorcycle connector is a device which transmits electric signals from the power source to the electronic equipment. It is also capable of connecting the internal controls of a machine. This upcoming market research report on the global commercial vehicle hill assist system market is an essential part of Technavio?s automotive industry and offers insights into the automotive electronics sector. The upcoming market research report on the global commercial vehicle hill assist system market also covers vendors like Toyota, Honda, Ford, Continental, Mercedes, Isuzu, and Scania.
The upcoming research report on the global commercial vehicle hill assist system market also covers key business intelligence areas such as market growth rate, emerging trends, competitive landscape, and the opportunities and challenges faced by the industry in the automotive electronics market. Additionally, it also covers an analysis of related sectors of the automotive electronics industry like automotive services, automotive components, and auto accessories.
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
PART 05: Market landscape
- Market overview
- Market size and forecast
- Product life cycle
- Five forces analysis
PART 06: Market segmentation by application
- Market segmentation by application
- Commercial vehicle hill assist system market in LCV segment
- Global commercial vehicle hill assist system market in HCV segment
PART 07: Geographical segmentation
- Commercial vehicle hill assist system market segmented by geography
- Commercial vehicle hill assist system market in EMEA
- Commercial vehicle hill assist system market in Americas
- Commercial vehicle hill assist system market in APAC
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Market challenges
PART 11: Market trends
PART 12: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 13: Key vendor analysis
- Bosch
- Continental
- Knorr-Bremse
- ZF-TRW
- WABCO
PART 14: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
- Off-the-shelf research reports
- Reports can be tailored to meet the customer's needs
- Trusted by more than 100 fortune 500 organizations
- Information about the market's key drivers, trends, and challenges
- Parent market analysis
- Every week, 50,000 people visit our subscription platform
- Detailed vendors report with competitive landscape
- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis