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Robert Bosch Mobility, Denso Corporation, and Valeo SA held a significant market share of over 22% in 2023. Bosch leverages its expertise in sensor technology and software algorithms to develop advanced vehicle dynamics control systems. By enhancing real-time data processing and incorporating AI for predictive handling, Bosch emphasizes safety and precision. Their innovations cater to both conventional and electric vehicles, with a particular focus on active cornering features.
Denso integrates active cornering systems into its comprehensive suite of vehicle stability and safety technologies. Prioritizing energy-efficient designs, Denso collaborates closely with OEMs to customize solutions that enhance vehicle handling, especially for electrified and autonomous platforms, ensuring optimal performance.
Valeo combines active cornering technology with its advanced smart suspension systems to improve ride comfort and handling. Leveraging its expertise in electric and hybrid components, Valeo offers solutions that seamlessly integrate with modern powertrains. Their goal is to enhance vehicle dynamics and safety in real time through adaptive systems.
Major players operating in the automotive active cornering system industry are:
North America market accounted for 33% revenue share in 2023, attributed to high demand for advanced safety technologies and luxury vehicles.
The sensors segment held 34% revenue share in 2023, owing to its critical role in real-time data collection and accurate system responses.
The market size of automotive active cornering system reached USD 3.6 billion in 2023 and is set to register over 9.2% CAGR between 2024 and 2032, due to the increasing adoption of electric vehicles across the world.
Robert Bosch Mobility, Denso Corporation, Valeo SA, Thyssenkrupp, ZF Friedrichshafen AG, BorgWarner Inc., Continental AG, Magna International Inc., Knorr-Bremse AG, and Aptiv PLC, among others.