Automotive Electronically Controlled Air Suspension system market is expected to reach US$ 9.86 Bn by 2029, at a CAGR of 8.15% during the forecast period.Automotive Electronically Controlled Air Suspension System Market Overview
Automotive Electronically Controlled Air Suspension System is usually used in place of manual suspension, which maintains the vehicle height to the desired value and improves vehicle ride comfort and boosts the fuel economy by 3%. It works on electronic technology consist of pressure sensors and electronic control unit to achieve automatic variation of suspension features suitable to handling, riding, and road conditions. The report also covers the detailed analysis of the global automotive electronically controlled air suspension system industry with the classifications of the market based on component, vehicle type and region. Analysis of past market dynamics from 2022 to 2029 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.To know about the Research Methodology :- Request Free Sample Report The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Automotive Electronically Controlled Air Suspension System Market Dynamics:
The demand for premium and comfortable rapid travel solutions is increasing, because of the rising urban population and economic growth in emerging countries. Different government and non-government organizations are taking initiatives to improve the traveler experience by adding an automotive electronically controlled air suspension system to luxury transit vehicles as this system transfers the automatic load to reduce the wear of the vehicle axle. Thus, the increasing popularity of electronically controlled air suspension among luxury and ultra-luxury cars, which is expected to boost the growth prospects for the global automotive electronically controlled air suspension market during the forecast period. Also, severe emission control and fuel efficiency norms in several countries are compelling original equipment manufacturers (OEM) to develop lightweight electronically controlled suspension systems. This in turn is expected to drive the growth of the automotive electronically controlled air suspension market during the forecast period.Automotive Electronically Controlled Air Suspension System Market Segmentation Analysis:
By Component, the electronic control unit is popularly used in vehicles incorporated with an electronically controlled air suspension system as it is used to achieve automatic variation of suspension features suitable to handling, riding, and road conditions. Also, its highlights like checking and assessing approaching signals from height and pressure sensors separately are creating demand for the electronic control unit, which is anticipated to reach CAGR xx% amid the forecast period. By Vehicle Type, the passenger vehicles segment is expected to hold a major share of the automotive electronically controlled air suspension system market during the forecast period due to an increase in the production and sale of passenger vehicles of developed countries.Increase in demand for advanced features, rise in the standard of living, increasing purchasing power capacity, rise in per capita income of individuals, increasing industrialization, changing way of life and high disposable income are some of the factors for the growth of the market globally. The growing interest of consumers towards safety, premium, luxury, and comfortable vehicles along with strict emission norms by regulatory bodies to adopt advanced automotive electronically controlled air suspension system for fuel-efficient technologies. This in turn is expected to drive the growth of the passenger vehicles segment and thereby automotive electronically controlled air suspension system market during the forecast period. The European region held the largest market share of the global automotive electronically controlled air suspension systems market in 2022 and is expected to continue the same dominance throughout the forecast period. The presence of established OEMs, like Continental AG, Delphi Technologies, and ZF Friedrichshafen AG, and the higher adoption rate of advanced automotive electronically controlled air suspension systems in several vehicle categories in the European market are expected to fuel the market in the region. Also, The Asia Pacific is expected to hold the largest market share of the global automotive electronically controlled air suspension systems market during the forecast period due to per capita income, growth in innovation & cutting-edge technology, and production & sale of several vehicles in countries like India and China.
Automotive Electronically Controlled Air Suspension System Market Scope: Inquire before buying
Automotive Electronically Controlled Air Suspension System Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US$ 5.70 Bn. Forecast Period 2023 to 2029 CAGR: 8.15% Market Size in 2029: US$ 9.86 Bn. Segments Covered: by Component •Pressure Limiting Valve •Electronic Control Unit •Height Sensor •Pressure Sensor •Others (Solenoid Valve) by Vehicle Type •Passenger Vehicles •Light Commercial Vehicles •Heavy Commercial Vehicles Automotive Electronically Controlled Air Suspension System Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Automotive Electronically Controlled Air Suspension System Market Key Players:
• Continental AG • ThyssenKrupp AG • ZF Friedrichshafen AG • Mando Corporation • Hitachi Ltd • Halla Holdings Corporation • SAF HOLLAND S.A. • Firestone Industrial Products • WABCO • Hendrickson USA, LLC • Delphi Technologies • LORD Corporation • Volvo • Air Lift Company • VB-Airsuspension Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Electronically Controlled Air Suspension System Market? Ans: European region held the highest share in 2022. 2. What is the growth rate of Global Automotive Electronically Controlled Air Suspension System Market? Ans: The Global Market is growing at a CAGR of 8.15% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Electronically Controlled Air Suspension System Market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Electronically Controlled Air Suspension System Market? Ans: The important key players in the Global Market are – Continental AG, ThyssenKrupp AG, ZF Friedrichshafen AG, Mando Corporation, Hitachi Ltd, Halla Holdings Corporation, SAF HOLLAND S.A., Firestone Industrial Products, WABCO, Hendrickson USA, LLC, Delphi Technologies, LORD Corporation, Volvo, Air Lift Company, and VB-Airsuspension 5. What is the study period of this Market? Ans: The Global Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Electronically Controlled Air Suspension System Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Electronically Controlled Air Suspension System Market 3.4. Geographical Snapshot of the Automotive Electronically Controlled Air Suspension System Market, By Manufacturer share 4. Global Automotive Electronically Controlled Air Suspension System Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Electronically Controlled Air Suspension System Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Electronically Controlled Air Suspension System Market Analysis and Forecast, 2022-2029 6.1. Global Automotive Electronically Controlled Air Suspension System Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 7.1.1. Pressure Limiting Valve 7.1.2. Electronic Control Unit 7.1.3. Height Sensor 7.1.4. Pressure Sensor 7.1.5. Others (Solenoid Valve) 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.2.1. Passenger Vehicles 7.2.2. Light Commercial Vehicles 7.2.3. Heavy Commercial Vehicles 8. Global Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 9.1.1. Pressure Limiting Valve 9.1.2. Electronic Control Unit 9.1.3. Height Sensor 9.1.4. Pressure Sensor 9.1.5. Others (Solenoid Valve) 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.2.1. Passenger Vehicles 9.2.2. Light Commercial Vehicles 9.2.3. Heavy Commercial Vehicles 10. North America Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Automotive Electronically Controlled Air Suspension System Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Electronically Controlled Air Suspension System Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Volvo AB 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Continental AG 45.5. ThyssenKrupp AG 45.6. ZF Friedrichshafen AG 45.7. Mando Corporation 45.8. Hitachi Ltd 45.9. Halla Holdings Corporation 45.10. SAF HOLLAND S.A. 45.11. Firestone Industrial Products 45.12. WABCO 45.13. Hendrickson USA, LLC 45.14. Delphi Technologies 45.15. LORD Corporation 45.16. Volvo 45.17. Air Lift Company 45.18. VB-Airsuspension 46. Primary Key Insights