Market Overview

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

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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.

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Technavio has published a new market research report on the global automotive advanced suspension sy ...

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

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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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

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