LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global commercial vehicle hill assist system market report. This research report also lists two other prominent vendors that are expected to impact the market during the forecast period.
The global commercial vehicle hill assist market is expected to grow at a CAGR of almost 8% during the forecast period. The market is poised to expand over the forecast period due to APAC having a lower penetration of hill assist systems, resulting in a higher scope for market expansion. OEMs are actively shifting operations with a focus on supplying hill assist systems in commercial vehicles in APAC.
Competitive vendor landscape
The global commercial vehicle hill assist system market consists of few established players who have included hill assist system in the ADAS package being provided to the auto manufacturers. The competitive environment in this market may intensify in step with stringent safety norms set by regulatory bodies across the globe and increase in vehicle safety awareness among the people.
“Developed economies like Europe, the US, and Japan will witness the highest adoption rate owing to stricter norms regarding the installation of electronic stability control system. Developing economies will show promising growth as the market penetration of ABS increases during the forecast period,” says Siddharth Jagannath, a lead automotive electronics research analyst from Technavio.
The transportation industry has been evolving in terms of powertrain and electrification of components, and active safety systems. Established and renowned vendors have been integrating hill assist systems with other breakthroughs to make the vehicles safer and economical.
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Top five commercial vehicle hill assist system market vendors
Bosch offers hill assist system as an additional safety feature in its electronic stability program (ESP). The ESP system, when integrated with other sensors, can be updated to enable implementation of other safety features like hill descent control, hill start assists, and electronic stability control. Bosch is the leading vendor for hill assist systems globally.
Continental hill assist system utilizes the ABS and ESC sensors to provide a controlled descent at a speed of 10km/h for forward driving and at 7km/h for reverse driving. It also helps the vehicle to start from a slope without allowing the vehicle to go backward.
Knorr-Bremse is a Germany-based manufacturer of braking systems for rails and commercial vehicle applications. The company also manufactures transmission control systems and torsional vibration dampers for commercial vehicles. The company mainly manufactures and supplies complete braking systems with brake pads for automotive and rail vehicles.
WABCO is one of the leading suppliers of safety modules in the heavy commercial vehicle segment. It has integrated its hill assist system offering to work in tandem with predictive cruise control while traveling over a slope in HCVs. This was done to improve the fuel efficiency of tractors and trailers using the hilly terrain for material movement.
ZF-TRW is the largest producer of ABS globally. The company manufactures hill assist system for many automakers like Audi and Porsche. The hill assist system can be integrated with cruise control to pre-set the descent speed of 9km/h to 30km/h.
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