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Automotive active cornering systems are witnessing significant technological advancements in sensor technology. Technological advancements in sensor technology are significantly driving the growth of the automotive active cornering system industry. Modern vehicles are equipped with advanced sensors, such as accelerometers, gyroscopes, and wheel speed sensors, which provide real-time data on vehicle dynamics. These sensors enable active cornering systems to make precise adjustments to torque distribution, braking, and suspension, enhancing vehicle stability and safety during cornering.
Integrating these sensors with advanced algorithms and electronic control units (ECUs) allows for quicker and more accurate responses to changing driving conditions, improving handling and reducing the risk of accidents. Additionally, as sensor technology becomes more cost-effective and compact, it is increasingly integrated into a wider range of vehicles, including mid-range and electric vehicles, further driving the market's growth.
For instance, in December 2023, Lamborghini unveiled a revolutionary suspension technology called the Active Wheel Carrier (AWC) that promises to transform the handling characteristics of supercars. This innovative system allows for real-time adjustments to camber and toe alignment settings while the vehicle is in motion, eliminating many of the compromises inherent in traditional suspension designs.
The AWC acts as a rear-steering system, allowing the wheels to move between toe-in and toe-out positions. This impacts the car's responsiveness and high-speed stability. The Active Wheel Carrier represents a significant leap forward in suspension technology, allowing Lamborghini to optimize handling characteristics for specific driving conditions and driver preferences.
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.