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Automotive Surge Absorber Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 200 Pages
SKU # FOB19260760

Description

Automotive Surge Absorber Market



Growth Factors of Automotive Surge Absorber Market

The automotive surge absorber market size was valued at USD 1.24 billion in 2022, and the market is now projected to grow from USD 1.32 billion in 2023 to USD 2.30 billion by 2030, exhibiting a CAGR of 8.28% during the forecast period of 2023-2030.

The new coronavirus disease (COVID-19) occurrence extremely affected the global automotive industry. Several governments globally presented national lockdown measures to halt the virus’s spread.

Telematics systems in modern automobiles gather immediate data from numerous sensors and sources, embracing wheel speed sensors, GPS, accelerometers, and road condition observing. This data delivers complete insights into the automobile’s behavior, road situations, and driver contributions. These absorbers, particularly in progressive vehicles equipped with telematics, can use real-time data to adjust their damping features dynamically. These factors are expected to drive the automotive surge absorber market growth over the estimate period.

Smart surge absorber systems are furnished with numerous sensors, comprising accelerometers, gyroscopes, and wheel speed sensors. These sensors constantly collect data about the vehicle’s motion, road conditions, and driver contributions. The collected data is processed by onboard control units that use refined algorithms to make instantaneous adjustments to the damping characteristics of this absorber. This allows the suspension system to reply with passion to varying driving conditions. Additionally, the smart surge absorber targets to deliver passengers with a smoother and more comfortable ride while augmenting vehicle management and steadiness.

Comprehensive Analysis of Automotive Surge Absorber Market

The market can be segmented in various ways, depending on the focus of analysis such as by application type and by vehicle type. Based on application type, the market is segmented into power electronics and audio & lighting. Based on vehicle type, the market is classified into commercial vehicles and passenger cars.

Asia Pacific region is dominating the automotive surge absorber market share due to growing demand for improved automobile production and sales. Modern vehicles manufactured in the region comprise of a growing number of electronic components and systems.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Panasonic Industry Co.,Ltd (Japan), Mitsubishi Materials Corporation (Japan), Littelfuse Inc., (U.S.), Viking Tech Corporation (Taiwan), Infineon Technologies AG (Germany), Semitec Corporation (Japan), Thinking Electronics Industrial Co. Ltd. (Taiwan), Bourns, Inc. (U.S.), Nippon Chemi-Con Corporation (Japan), Kestar Electronic (China) Co., Ltd. (China) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In May 2023, Toyota and BYD come into a partnership to team up on the making and sale of electric vehicles. Toyota targets to leverage the expertise of the well-established local company, BYD, and benefit from its progressive battery technology in the joint venture.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 8.28% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Application Type

Power Electronics

Audio & Lighting

By Vehicle Type

Passenger Cars

Commercial Vehicles

By Geography

North America (By Application Type, By Vehicle Type, By Country)
  • U.S. (By Vehicle Type)
  • Canada (By Vehicle Type)
  • Mexico ( By Vehicle Type)
Europe (By Application Type , By Vehicle Type, By Country)
  • U.K. (By Vehicle Type)
  • Germany (By Vehicle Type)
  • France (By Vehicle Type)
  • Rest of Europe (By Vehicle Type)
Asia Pacific (By Application Type , By Vehicle Type, By Country)
  • China (By Vehicle Type)
  • Japan (By Vehicle Type)
  • India (By Vehicle Type)
  • South Korea (By Vehicle Type)
  • Rest of the Asia Pacific (By Vehicle Type)
Rest of the World (By Application Type, By Vehicle Type)


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Table of Contents

200 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
4.2. Porters Five Forces Analysis
4.3. Technological Development
4.4. Impact of Covid-19
5. Global Automotive Surge Absorber Market Analysis, Insights and Forecast, 2019-2030
5.1. Key Findings / Definitions
5.2. Market Analysis, Insights and Forecast – By Application Type
5.2.1. Power Electronics
5.2.2. Audio & Lighting
5.3. Market Analysis, Insights and Forecast – By Vehicle Type
5.3.1. Passenger Cars
5.3.2. Commercial Vehicles
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Rest of the world
6. North America Automotive Surge Absorber Market Analysis, Insights and Forecast, 2019-2030
6.1. Market Analysis, Insights and Forecast – By Application Type
6.1.1. Power Electronics
6.1.2. Audio & Lighting
6.2. Market Analysis, Insights and Forecast – By Vehicle Type
6.2.1. Passenger Cars
6.2.2. Commercial Vehicles
6.3. Market Analysis – By Country
6.3.1. U.S.
6.3.1.1. By Vehicle Type
6.3.2. Canada
6.3.2.1. By Vehicle Type
6.3.3. Mexico
6.3.3.1. By Vehicle Type
7. Europe Automotive Surge Absorber Market Analysis, Insights and Forecast, 2019-2030
7.1. Market Analysis, Insights and Forecast – By Application Type
7.1.1. Power Electronics
7.1.2. Audio & Lighting
7.2. Market Analysis, Insights and Forecast – By Vehicle Type
7.2.1. Passenger Cars
7.2.2. Commercial Vehicles
7.3. Market Analysis – By Country
7.3.1. The U.K
7.3.1.1. By Vehicle Type
7.3.2. Germany
7.3.2.1. By Vehicle Type
7.3.3. France
7.3.3.1. By Vehicle Type
7.3.4. Rest of Europe
7.3.4.1. By Vehicle Type
8. Asia Pacific Automotive Surge Absorber Market Analysis, Insights and Forecast, 2019-2030
8.1. Market Analysis, Insights and Forecast – By Application Type
8.1.1. Power Electronics
8.1.2. Audio & Lighting
8.2. Market Analysis, Insights and Forecast – By Vehicle Type
8.2.1. Passenger Cars
8.2.2. Commercial Vehicles
8.3. Market Analysis – By Country
8.3.1. China
8.3.1.1. By Vehicle Type
8.3.2. India
8.3.2.1. By Vehicle Type
8.3.3. Japan
8.3.3.1. By Vehicle Type
8.3.4. South Korea
8.3.4.1. By Vehicle Type
8.3.5. Rest of Asia Pacific
8.3.5.1. By Vehicle Type
9. Rest of the World Automotive Surge Absorber Market Analysis, Insights and Forecast, 2019-2030
9.1. Market Analysis, Insights and Forecast – By Application Type
9.1.1. Power Electronics
9.1.2. Audio & Lighting
9.2. Market Analysis, Insights and Forecast – By Vehicle Type
9.2.1. Passenger Cars
9.2.2. Commercial Vehicles
10. Competitive Analysis
10.1. Key Industry Development
10.2. Global Market Ranking Analysis (2022)
10.3. Competition Dashboard
10.4. Comparative Analysis – Major Players
10.5. Company Profiles
10.5.1. Panasonic Industry Co., Ltd.
10.5.1.1. Overview
10.5.1.2. Products & services
10.5.1.3. SWOT analysis
10.5.1.4. Recent developments
10.5.1.5. strategies
10.5.1.6. financials (based on availability)
10.5.2. Mitsubishi Materials Corporation
10.5.2.1. Overview
10.5.2.2. Products & services
10.5.2.3. SWOT analysis
10.5.2.4. Recent developments
10.5.2.5. strategies
10.5.2.6. financials (based on availability)
10.5.3. Littelfuse Inc.,
10.5.3.1. Overview
10.5.3.2. Products & services
10.5.3.3. SWOT analysis
10.5.3.4. Recent developments
10.5.3.5. strategies
10.5.3.6. financials (based on availability)
10.5.4. Viking Tech Corporation
10.5.4.1. Overview
10.5.4.2. Products & services
10.5.4.3. SWOT analysis
10.5.4.4. Recent developments
10.5.4.5. strategies
10.5.4.6. financials (based on availability)
10.5.5. Infineon Technologies AG
10.5.5.1. Overview
10.5.5.2. Products & services
10.5.5.3. SWOT analysis
10.5.5.4. Recent developments
10.5.5.5. strategies
10.5.5.6. financials (based on availability)
10.5.6. Semitec Corporation
10.5.6.1. Overview
10.5.6.2. Products & services
10.5.6.3. SWOT analysis
10.5.6.4. Recent developments
10.5.6.5. strategies
10.5.6.6. financials (based on availability)
10.5.7. Thinking Electronics Industrial Co. Ltd.
10.5.7.1. Overview
10.5.7.2. Products & services
10.5.7.3. SWOT analysis
10.5.7.4. Recent developments
10.5.7.5. strategies
10.5.7.6. financials (based on availability)
10.5.8. Bourns, Inc.
10.5.8.1. Overview
10.5.8.2. Products & services
10.5.8.3. SWOT analysis
10.5.8.4. Recent developments
10.5.8.5. strategies
10.5.8.6. financials (based on availability)
10.5.9. Nippon Chemi-Con Corporation
10.5.9.1. Overview
10.5.9.2. Products & services
10.5.9.3. SWOT analysis
10.5.9.4. Recent developments
10.5.9.5. strategies
10.5.9.6. financials (based on availability)
10.5.10. Kestar Electronic (China) Co., Ltd.
10.5.10.1. Overview
10.5.10.2. Products & services
10.5.10.3. SWOT analysis
10.5.10.4. Recent developments
10.5.10.5. strategies
10.5.10.6. financials (based on availability)

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