Automotive Active Suspension System Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Automotive Active Suspension System market including various factors related to and dependent influencing the market growth.
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 vehicles 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.
Electronic components in automobiles have outgrown the utility of traditional mechanical components. Preference for electronic components is increasing due to the increased need for safety, performance, stability, and comfort in vehicles. Technavio\'s market research report has identified shift towards electrification of automotive components as one of the primary factors that will fuel the growth of the automotive active suspension system market in the coming years. To develop the trend of electrification, manufacturers are adopting new technologies. The automotive industry is witnessing extensive use of the sensors, actuators, accumulators, ECUs, hydraulic pumps, and on-board computers for the operation of various systems. Moreover, vehicle electrification has led semi-active and active suspension systems to adopt electronic and electro-hydraulic components.
Global Automotive Active Suspension System market size will reach 260 million US$ by 2030, from 140 million US$ in 2020, at a CAGR of 9.0% during the forecast period. In this study, 2020 has been considered as the base year and 2023-2030 as the forecast period to estimate the market size for Automotive Active Suspension System.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Automotive Active Suspension System market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Automotive Active Suspension System market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Automotive Active Suspension System market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Automotive Active Suspension System Market:
The major competitors working in the market are:
, Quanser, ZF Sachs AG, Daimler AG, Magneti Marelli S P A, Hitachi Automotive Systems, Porsche Cars North America, LORD Corporation, BWI Group, Eaton Corporation, Tanabe USA
Market by Order Type
Hydraulic Systems
Electromagnetic Systems
Solenoid Valve Systems
Magneto Rheological Systems
Other
Automotive Active Suspension System Data by Application
Passenger Vehicles
Commercial Vehicles
Automotive Active Suspension System Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Automotive Active Suspension System market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Automotive Active Suspension System Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Automotive Active Suspension System market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Automotive Active Suspension System market size and their forecasts
- To provide strategic profiles of the key players operating in the Automotive Active Suspension System market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Automotive Active Suspension System market
Target Audiences for Automotive Active Suspension System Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
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