Automotive Active Cornering System Market Size

Automotive Active Cornering System Market Size

Automotive Active Cornering System Market size was valued at USD 3.6 billion in 2023 and is projected to grow at a CAGR of over 9.2% between 2024 and 2032, driven by the increasing demand for Advanced Driver Assistance Systems (ADAS). ADAS technologies, which include lane-keeping assistance, adaptive cruise control, and automatic emergency braking, often rely on active cornering systems to enhance vehicle stability and safety.

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As consumers and regulators prioritize advanced safety features, integrating active cornering systems becomes essential for vehicles equipped with ADAS. These systems improve handling and reduce accident risks, aligning with the trend towards more automated and intelligent vehicle technologies. Consequently, the growing adoption of ADAS is driving demand for sophisticated cornering systems, supporting market expansion.
 

Moreover, the global rise in electric vehicle (EV) adoption is driving the automotive active cornering system market. EVs, equipped with advanced technological components, require sophisticated handling systems to optimize performance and safety. Active cornering systems enhance EV stability and driving dynamics by adjusting torque distribution and suspension in real-time. This adjustment is crucial due to the different weight distribution and handling characteristics of EVs compared to traditional vehicles.
 

As the EV market grows, driven by environmental regulations and consumer demand, automakers are increasingly integrating these systems to improve vehicle performance and safety. This trend is expanding the market for active cornering systems beyond luxury vehicles to include mainstream and emerging EVs.
 

For instance, in April 2024, the International Energy Agency (IEA) released a report ‘Global EV Outlook 2024’. It highlighted significant trends in the electric vehicle (EV) market, such as in 2023, global electric car sales reached 14 million units, a 20% increase from the previous year, representing 20% of total car sales. These data demonstrate the global rise in electric vehicle (EV) adoption which would drive the growth of the automotive active cornering system market.
 

The high costs associated with the development, production, and integration of automotive active cornering systems pose a significant market barrier. Developing these advanced systems requires substantial investment in research, testing, and the integration of cutting-edge technologies, such as sensors, ECUs, and software.
 

Additionally, manufacturing these systems involves the use of high-quality materials and precision engineering, further driving up costs. These expenses often lead to higher prices for end consumers, limiting the adoption of active cornering systems to premium and luxury vehicle segments. Manufacturers face the challenge of balancing cost efficiency with technological advancement, especially as the market expands to include more mid-range and electric vehicles, where cost sensitivity is higher.