Dublin, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Advanced Suspension Control System Market 2016-2020" report to their offering. The global automotive advanced suspension control system market to grow at a CAGR of 8.83% during the period 2016-2020.
An advanced suspension system technology is a system that adjusts and manages the vertical movement of the vehicle by tuning the vehicle's height and dampeners to the road conditions so as to provide maximum driving, riding, and safety comfort while improving the handling characteristics of the vehicle. The suspension system is regulated and monitored by small chips, microcontrollers, and drivers. Advanced suspension systems can be active and semi-active in nature depending upon the control mechanism of the system,. The report covers the present scenario and the growth prospects of the global automotive advanced suspension control system market for 2016-2020. To calculate the market size, the report considers a top-down approach, where the market is derived from the overall automotive advanced suspension control system application volume The report also includes a discussion of the key vendors operating in this market.
Upcoming suspension technologies will be a key trend for market growth. Suspension designers and developers worldwide are constantly working on new technologies to remain competitive in the market. In an effort to eliminate vibrations and other movements from the wheel, automakers are striving for the development of energy-efficient suspension technologies. Further, the report states that reliability issues and difficult diagnostics processes will be a major challenge for the market. It has been found that due to the complexity in design of the electronically-controlled suspension systems, it usually becomes a tedious job for the mechanic to perform repair or replacement work.
Further, in addition to the difficulty in reach of faulty components or systems, customers also have to bear the cost expenditure of the repair and replacement work where the components involved are expensive. Therefore, we expect such factors to hinder the growth of the automotive advanced suspension control system market.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key vendors
- Continental
- ThyssenKrupp Bilstein
- Infineon Technologies
- BWI
Other prominent vendors
- Mando
- Lord
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market drivers Part 07: Market challenges Part 08: Market trends Part 09: Market segmentation by geography Part 10: Market segmentation by vehicle type Part 11: Segmentation by technology Part 12: Vendor landscape Part 13: Key vendor analysis Part 14: Appendix For more information about this report visit http://www.researchandmarkets.com/research/6z...l_advanced
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