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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.
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 -
The other prominent vendors in the market are Murata Manufacturing Co. and Delphi.
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.
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.
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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.
This market research report on the global commercial vehicle hill assist system market also takes into account the growth of related market like the motorcycle immobilizer, which is anticipated to grow at a CAGR of nearly 8% by 2021. This report on the global commercial vehicle hill assist system market also covers geographies like the APAC, EMEA, and the Americas to give clients insights into the growth of the market across various regions.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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