Report Code: A08440 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Advanced Suspension Control System Market
Request Now !Advanced suspension control system has the ability to decelerate the speed of the sprung mass constantly and minimizes the suspension deflection, thereby improving the traction on road and enhancing vehicle maneuver. Advanced suspension control system is one of the important suspension technologies adopted by key manufacturers in the market. The vehicle advanced suspension control system has a very strong impact on stability, handling, durability, and driving capability of any vehicle, depending on the type of terrain. Such factors lead to the growth of the advanced suspension control system market in the coming years.
COVID-19 scenario analysis:
The significant factors that impact the growth of the advanced suspension control system market are increase in use of suspension system in luxury & sports car and increase in use of electronic components in vehicles with rapid technological advancements. However, huge expenditure for repair & replacement and lack of standardization in manufacturing of such systems hamper the growth of the advanced suspension control system market. Furthermore, rise in awareness of safety & comfort among customers and increase in demand for electric & connected cars are expected to fuel the growth of the advanced suspension control system market.
Increase in use of suspension system in luxury & sports cars
Increase in luxury system in cars and demand for sports car have resulted in the increased demand for suspension systems. This is attributed to the fact that suspension systems decelerate the speed of the sprung mass constantly and improve the traction on the road. Therefore, the increase in demand for sports car leads to the growth of the advanced suspension control system market.
The introduction of stringent safety norms and increased implementation of electronic components in vehicles have rendered the market highly competitive. Vendors focus on the development of lightweight and ride enhancing technologies, thereby leading to the growth of the market. Moreover, manufacturers are also setting up facilities across the world for the development of products. These factors are expected to drive the growth of the advanced suspension control system market in near future.
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Questions answered in the advanced suspension control system market research report:
Advanced Suspension Control System Market Report Highlights
Aspects | Details |
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By Technology |
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By Vehicle Type |
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By Region |
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Key Market Players | Hitachi Automotive Systems, AG, Magneti Marelli S.P.A, ThyssenKrupp AG, Lord Corporation, Schaeffler AG, Infineon Technologies AG, BWI Group, The Man do Corporation, ZF Friedrichshafen AG |
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