Market Overview:
The global suspension-by-wire market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Additionally, the increasing adoption of active roll control (ARC) system and adaptive damping system (ADS) are also expected to fuel the growth of the global suspension-by-wire market during the forecast period. On basis of type, ARC systems are expected to account for a larger share in terms revenue in 2018 as compared with ADS systems. However, ADS systems are projected exhibit higher CAGR over forecast period owing rising demand from luxury cars segment across different regions.
Product Definition:
A suspension-by-wire system replaces traditional springs and shocks with wires that connect the chassis to the wheels. This allows for more precise control of the suspension, which can improve handling and comfort.
Active Roll Control (ARC) System:
The global Active Roll Control (ARC) system, usage and growth factor in the Suspension-by-Wire market is analyzed by us for the year 2014 to 2020. The study includes an in-depth analysis of industry trends in each of the sub segments namely technology, vehicle types and regions. The research study also provides a competitive landscape along with market presence & future forecasts for key participants including OEMs & suppliers.
Adaptive Samping System (ADS):
The adaptive samping system (ADS) is a software-based approach to vehicle stability control. It continuously monitors the road surface and applies corrective braking force as needed to prevent fishtailing or spinning of the vehicle. In addition, it also helps in maintaining optimum traction between drive wheels by making small corrections in wheel alignment.
In conventional systems, such as that used before 2014 model year, yaw rate sensor was used for detecting lateral acceleration.
Application Insights:
Passenger vehicle application segment held the largest share of over 60.0% in 2017. This is attributed to growing demand for vehicles, such as Ford Fusion, Toyota Camry and Honda Accord among others. Suspension-by-wire technology allows manufacturers to achieve a higher level of comfort and handling by managing spring rates, damping characteristics and ride height through electronic control systems respectively. Furthermore, increasing safety requirements are expected to drive the demand for passenger vehicles over the forecast period.
Light commercial vehicle (LCV) application segment is anticipated to witness significant growth owing to rising utilization of LCVs in applications such as food & beverage delivery across countries like India.
Regional Analysis:
Europe was the largest market for global suspension-by-wire technology and accounted for over 35% of the overall revenue in 2016. The region is expected to dominate the industry over the forecast period owing to stringent safety norms and regulations laid down by governing bodies, such as European Road Safety Observatory (ERSO) and Department of Transport, U.K., which mandates installation of advanced driver assistance systems (ADAS) in all new vehicles since 2012.
Asia Pacific is estimated to be one of the fastest growing regions with a CAGR exceeding 6% from 2017 to 2030 owing to increasing sales volume of heavy commercial vehicles across emerging economies including China, India, Thailand & South Korea along with rising investments by OEMs in developing electric vehicle technologies such as battery packs and motors. Furthermore, increasing demand for passenger cars on account rising disposable income will also drive growth across this region during same period.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in vehicles is expected to drive the demand for suspension-by-wire systems, as they are lighter and more efficient than traditional systems.
- Development of advanced driver assistance systems (ADAS): As ADAS become more common in passenger cars, the need for advanced suspension control systems will increase. Suspension-by-wire offers superior performance when integrated with ADAS technologies.
- Growing popularity of electric vehicles: Electric vehicles require sophisticated suspension controls to manage the extra weight of batteries and motors, making suspension-by-wire a key component in their design. As electric vehicle sales grow, so will the demand for these systems.
- Proliferation of autonomous driving technology: Autonomous cars require even more sophisticated suspension controls than electric vehicles, making suspensions by wire a critical part of their design. The rapid growth of autonomous driving technology is expected to create strong demand for these systems in the coming years . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Suspension-by-Wire Market Research Report
By Type
Active Roll Control (ARC) System, Adaptive Samping System (ADS)
By Application
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Continental, ThyssenKrupp Bilstein, Infineon Technologies, BWI, Mando, Lord
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Suspension-by-Wire Market Report Segments:
The global Suspension-by-Wire market is segmented on the basis of:
Types
Active Roll Control (ARC) System, Adaptive Samping System (ADS)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- ThyssenKrupp Bilstein
- Infineon Technologies
- BWI
- Mando
- Lord
Highlights of The Suspension-by-Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Roll Control (ARC) System
- Adaptive Samping System (ADS)
- By Application:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Suspension-by-Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Suspension-by-wire is a technology that uses electric wires to suspend a vehicle. The electric wires are attached to the vehicle's suspension system, and when the driver presses down on the gas pedal, they cause the car to move forward.
Some of the key players operating in the suspension-by-wire market are Continental, ThyssenKrupp Bilstein, Infineon Technologies, BWI, Mando, Lord.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Suspension-by-Wire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Suspension-by-Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Suspension-by-Wire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Suspension-by-Wire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Suspension-by-Wire Market Size & Forecast, 2018-2028
4.5.1 Suspension-by-Wire Market Size and Y-o-Y Growth
4.5.2 Suspension-by-Wire Market Absolute $ Opportunity
Chapter 5 Global Suspension-by-Wire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Suspension-by-Wire Market Size Forecast by Type
5.2.1 Active Roll Control (ARC) System
5.2.2 Adaptive Samping System (ADS)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Suspension-by-Wire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Suspension-by-Wire Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Suspension-by-Wire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Suspension-by-Wire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Suspension-by-Wire Analysis and Forecast
9.1 Introduction
9.2 North America Suspension-by-Wire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Suspension-by-Wire Market Size Forecast by Type
9.6.1 Active Roll Control (ARC) System
9.6.2 Adaptive Samping System (ADS)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Suspension-by-Wire Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Light Commercial Vehicle
9.10.3 Heavy Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Suspension-by-Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Suspension-by-Wire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Suspension-by-Wire Market Size Forecast by Type
10.6.1 Active Roll Control (ARC) System
10.6.2 Adaptive Samping System (ADS)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Suspension-by-Wire Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Light Commercial Vehicle
10.10.3 Heavy Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Suspension-by-Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Suspension-by-Wire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Suspension-by-Wire Market Size Forecast by Type
11.6.1 Active Roll Control (ARC) System
11.6.2 Adaptive Samping System (ADS)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Suspension-by-Wire Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Light Commercial Vehicle
11.10.3 Heavy Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Suspension-by-Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Suspension-by-Wire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Suspension-by-Wire Market Size Forecast by Type
12.6.1 Active Roll Control (ARC) System
12.6.2 Adaptive Samping System (ADS)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Suspension-by-Wire Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Light Commercial Vehicle
12.10.3 Heavy Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Suspension-by-Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Suspension-by-Wire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Suspension-by-Wire Market Size Forecast by Type
13.6.1 Active Roll Control (ARC) System
13.6.2 Adaptive Samping System (ADS)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Suspension-by-Wire Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Light Commercial Vehicle
13.10.3 Heavy Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Suspension-by-Wire Market: Competitive Dashboard
14.2 Global Suspension-by-Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 ThyssenKrupp Bilstein
14.3.3 Infineon Technologies
14.3.4 BWI
14.3.5 Mando
14.3.6 Lord
