Global Automotive Adaptive Suspension System Market - Introduction
Automotive adaptive suspension system is a suspension system which comprises an advanced intelligent suspension technology designed to provide better ride experience and enhance the safety of the vehicle. The automotive adaptive suspension system is a sensor-based suspension system that enhances comfort and vehicle handling on uneven roads or terrain. The adaptive suspension system for automotive provides permanent adjustment in the vehicle suspension by sensing damping force, depending on the condition of roads. The automotive adaptive suspension system is capable of adjusting the vehicle suspension at any speed. On long route journeys, the adaptive suspension system provides relief to drivers, as they do not have to face discomfort or vibration caused by bumpy roads. Most modern premium cars are incorporated with the adaptive suspension system due to several advantages and functions offered by the system, especially on hilly terrain where turning is difficult.
Global Automotive Adaptive Suspension System Market - Competitive Landscape
- In 2017, Tenneco Inc. introduced its new digital suspension technology “DRiV”. A unique technology that offers numerous vehicle applications globally. DRiV offers ride handling assistance predominantly well-suited for the light truck market. Its adaptive damping technology adjusts automatically to road conditions, enabling DRiV to deliver improved handling and control, while providing a smooth and comfortable ride.
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ZF Friedrichshafen AG
Established in 1995, ZF Friedrichshafen AG has its headquarters in Friedrichshafen, Germany. ZF Friedrichshafen AG is a leading global company that provides chassis technology, active & passive technology, and driveline. The company invests around 6% of its sales in research and development, ensuring a strong focus on the design and engineering of innovative and cutting-edge technologies. The company operates in approximately 230 locations spread around 40 countries across the globe.
Founded in 1930, Tenneco Inc., is U.S.-based company headquartered in Lake Forest, Illinois, U.S. The company is a leading manufacturer of clean air and ride performance products and systems for the automotive industry around the world. The company invests 5% of its annual sales in R&D activities.
Magneti Marelli S.p.A
Founded in 1919, Magneti Marelli S.p.A has its headquarters in Milan, Italy. It is a global company that supplies high tech components to all the leading car makers based in Europe, North and Latin America, and Asia. Magneti Marelli S.p.A operates through over 89 production facilities and 45 research and development centers (including joint ventures) and has a presence in 19 countries and supplies to all major OEMs across the globe.
Global Automotive Adaptive Suspension System Market - Dynamics
Enhanced vehicle ride handling driving demand for automotive adaptive suspension systems
Increase in discomfort ride caused majorly due to vibrations or jerks on uneven terrain that complicates vehicle ride handling. However, increase in production of vehicles integrated with automotive adaptive suspension systems, due to better vehicle handling and instant adjustment of vehicle height on rough terrain, is projected to boost the advance suspension market during the forecast period. Moreover, the automotive adaptive suspension system offers several benefits such as improved stability and turn-off response, stress-free driving, and vehicle handling performance. Increase in driving dynamics owing to the incorporation of automotive adaptive suspension systems is likely to boost the demand for automotive adaptive suspension systems in the near future.
Offers permanent adjustment in suspension and reduces jerk
Potholes and uneven terrain while driving create challenges for vehicles in terms of ride safety and comfort. The automotive adaptive suspension system averts suspension travel under a varying load, hypothetically without any energy consumption. Additionally, unwanted vehicle vibrations experienced hampers ride safety, comfort, and stability. Automotive adaptive suspension systems are suitable for car leveling during braking, static load variations, accelerating, and cornering. Its ability to improve stability and safety on bumpy roads is anticipated to boost the demand for automotive adaptive suspension systems in the near future.
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Global Automotive Adaptive Suspension System Market - Segmentation
Based on component, the global automotive adaptive suspension system market can be classified into
- Shock Absorber
Based on vehicle type, the global automotive adaptive suspension system market can be divided into
- Passenger Vehicle
- Commercial Vehicle
Based on sales channel, the automotive adaptive suspension system market can be split into
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