Global Automotive Advanced Suspension System Market 2018-2022 | Development of Smart Suspension Systems to Fuel Growth | Technavio

Technavio has published a new market research report on the global automotive advanced suspension system market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global automotive advanced suspension system market is expected to post a CAGR of nearly 9% during the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the increasing penetration of the air suspension system. Air suspension systems offer superior handling and driving comfort to the vehicle occupants. They use sensors and actuators for inflating and deflating the airbag with high-pressure air depending on the loads being carried by the vehicle. Electronic components used in air suspension systems to monitor vehicle height and speed and road conditions allow vehicle makers to integrate advanced suspension controls in air suspension systems without incurring significant costs. Thus, rising penetration of air suspension systems will drive the growth of the automotive advanced suspension system market.

This market research report on the global automotive advanced suspension system market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the development of smart suspension systems as one of the key emerging trends in the global automotive advanced suspension system market:

Global automotive advanced suspension system market: Development of smart suspension systems

Vehicle makers are developing suspension systems that can automatically detect the wheel’s vertical movement and adjust the suspension setup top allowing less amount of shock to move to the passenger cabin. Apart from active suspension control, smart suspension systems are integrated with geotagging features that mark a particular route according to the number of bumps and later transmit this information to other vehicles with smart suspension systems.

“Smart suspension systems operate by lifting the individual wheel over bumps rather than change the firmness of the spring or airbag to cushion the shock from the road. The mechanism is equipped with accelerometers at each wheel that trigger an electric pump to pump hydraulic fluid to move the wheel up or down,” says a senior analyst at Technavio for research on automotive electronics.

Global automotive advanced suspension system market: Segmentation analysis

This market research report segments the global automotive advanced suspension system market by end-user (passenger cars and commercial vehicles) and geographical regions (APAC, EMEA, and the Americas).

The passenger cars segment held the largest market share in 2017, accounting for nearly 72% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 49% of the market share. The market share occupied by this region is anticipated to increase during 2018-2022.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global automotive advanced suspension system market is expected to post a CAGR of nearly 9% during the period 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com