Global Automotive Active Suspension System Market 2017-2021
About Automotive Active Suspension System
The active suspension system in an automotive is responsible for continuously adjusting the suspension settings as per the road conditions to provide a smooth and comfortable driving experience. The leading automakers around the world are offering advanced suspension technologies in their premium and luxury models to offer a rich driving experience to its customers. Automobile suspension systems emerged at the beginning of 19th century when automobiles were invented. Internal combustion engine powered vehicles were still in their embryo stage, and only two innovations were made to form the vehicle's suspension system. Initially, front coil springs were used, along with dampeners, to act as shock absorbers for minimizing vibrations in vehicles. Later, leaf springs were used, which were flexible to accommodate varying weights and less expensive.
Technavio’s analysts forecast the global automotive active suspension system market to grow at a CAGR of 9.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive active suspension system market for 2017-2021. To calculate the market size, the report considers the OEM fitment of active suspension system in passenger vehicles only.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Active Suspension System Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive active suspension system market: BWI Group, Continental, Infineon Technologies, and ThyssenKrupp
Other Prominent Vendors in the market are: Magneti Marelli, Mando, and Lord.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is OEMs incorporating body control function with active suspension. The global automotive industry is witnessing integration of multiple systems that work in sync with vehicle's suspension system. Conventional suspension systems were primarily designed to eliminate the jerks caused by uneven roads and potholes. However, with improvements in the suspension system technology, OEMs have integrated multiple advanced settings that enhance the quality of ride and handling characteristics.”
According to the report, one of the major drivers for this market is Superior riding quality, improved comfort, and smoother driving experience. The automotive suspension system industry is continuously witnessing advances in technologies and systems that improve the riding experience. Over the past decade, it has been discovered that customers are focusing more on a vehicle's comfort, convenience, and safety features. Players operating in the automotive suspension system industry invested heavily in the development of new technologies using their competitive abilities in ride-related technologies. As a result, the suspension system industry witnessed developments in the form of lightweight, continuously adjustable suspension technologies.
Further, the report states that one of the major factors hindering the growth of this market is Cost-intensive for manufacturers and expensive for end-users. The active suspension system involves advanced materials, parts, and components. The basic setup involves struts and control arms made of lightweight aluminum which adds to the rigidity and toughness of the vehicle. Other important components, such as springs and shocks, also involve advanced sheet metal work, which offers a balanced combination of ride and handling.
BWI Group, Continental, Infineon Technologies, and ThyssenKrupp, Magneti Marelli, Mando, and Lord.
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