Global Automotive Active Cornering System Market Outlook 2019-2023 with BorgWarner, Continental, Eaton, JTEKT Corp, Robert Bosch, and ZF Friedrichshafen Dominating the Landscape - ResearchAndMarkets.com

DUBLIN--()--The "Global Automotive Active Cornering System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The automotive active cornering system market will register a CAGR of around 16% by 2023.

This increased focus on active safety systems is an important driver for the global automotive active cornering system market. Automobiles have become safer than ever before, owing to the growing integration of automotive electronics. One of the major reasons for this is the New Car Assessment Program (NCAP), which provides star ratings to vehicles based on the different safety parameters that they pass in crash tests.

Higher the star rating, higher safety standards. NCAP ratings help vehicle buyers to have a better understanding of the safety characteristics of a vehicle. NCAP also give significant weightage to electronic stability control (ESC). Active cornering system is mostly offered as a function of ESC or the electronic stability program in vehicles. Hence, the increased emphasis on ESC in vehicles will drive the growth of the market during the forecast period.

An increasing number of rollover accidents

The global automotive active cornering system market is growing due to the safety benefits associated with active cornering systems. The system aids automobile safety by reducing the probability of rollovers, which further reduces the chances of injuries and fatalities. Rollover accidents are common when vehicles make turns on slippery roads or at high speeds. Most of the vehicle-related fatalities were due to over speeding, driving under the influence of alcohol, and distracted driving.

The US has a high number of rollover accidents, mainly because of the high adoption of utility vehicles such as SUVs and crossovers. Hence, with the sales of utility vehicles such as SUVs growing exponentially worldwide, automakers are offering active cornering systems, especially in larger utility vehicles, to lower the chances of rollover accidents.

Technical issues may lead to malfunctioning of active cornering systems

Automotive active cornering systems are mostly used in conjunction with other onboard systems that can reduce the probability of accidents as a result of a rollover. However, reliability issues associated with the system can affect the overall growth of the market in focus. This is because the system uses software and control units that can malfunction.

Active cornering systems use software, sensors, and ECUs, which make it vulnerable to malfunctioning or faults. As it is designed to work as a part of the stability control system, an active cornering system may develop a snag, which may result in the inactivation of the system. Such occurrences not only put the safety of the automobile driver or passengers at stake but also put other road users in danger.

Such issues have led to vehicle recalls in the past. Hence, the presence of such technical issues may challenge the growth of the market during the forecast period.

Competitive Landscape

The market appears to be moderately concentrated. The presence of a few companies, including BorgWarner and Continental, makes the competitive environment quite intense. Factors such as the increasing number of rollover accidents and the growing sales of SUVs will provide considerable growth opportunities to the automotive active cornering manufacturers.

Key Players Profiled

  • BorgWarner Inc.
  • Continental AG
  • Eaton
  • JTEKT Corp.
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • SUVs - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Developments in automotive torque vectoring systems
  • Active safety systems driving developments in vehicle autonomy
  • Over-the-air (OTA) updates for ECUs

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BorgWarner Inc.
  • Continental AG
  • Eaton
  • JTEKT Corp.
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG

For more information about this report visit https://www.researchandmarkets.com/r/um2r26

Contacts

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Related Topics: Telematics and Vehicle Electronics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Telematics and Vehicle Electronics