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Automotive Active Suspension System Market Trends

  • Report ID: GMI12039
  • Published Date: Oct 2024
  • Report Format: PDF

Automotive Active Suspension System Market Trends

Advancements in sensor and actuator technology are pivotal in driving the growth of active suspension systems. Modern active suspensions use sensors to continuously monitor road conditions, vehicle speed, and driving dynamics. Paired with high-speed actuators, these systems make real-time adjustments, providing a smoother ride and improved handling. As sensor accuracy and actuator response times continue to improve, active suspension systems are becoming more efficient and reliable, enabling automakers to deliver enhanced driving experiences.
 

This technological evolution not only makes active suspensions more appealing for premium vehicles but also drives their potential integration into mid-range models in the future. For instance, in July 2024, Nio plans to launch ET9 flagship sedan in early 2025, which will be equipped with active suspension system. The Skyride system is described as an integrated hydraulic, fully active suspension capable of responding within one millisecond. Equipped with a high-performance brushless motor, the system can make up to 1,000 torque adjustments per second
 

A significant challenge for active suspension systems is the high cost associated with their development and integration. Compared to conventional automotive suspension systems, active suspensions require sophisticated sensors, high-speed actuators, and advanced software, all of which increase costs substantially. These expenses make active suspensions more feasible for high-end vehicles but pose a challenge for mass-market adoption. Additionally, maintenance costs are higher due to the system's complexity, limiting affordability for average consumers. This high cost acts as a barrier to widespread adoption, hindering growth and restricting active suspension systems primarily to luxury and premium segments.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive active suspension system reached USD 4.2 billion in 2023 and is projected to grow at a 4.6% CAGR from 2024 to 2032, driven by the integration of advanced suspension technologies that enhance performance and comfort.

The OEM segment accounted for USD 3 billion in 2023 and is anticipated to grow significantly, as OEMs can integrate the technology during vehicle production, ensuring compatibility and performance.

China accounted for 35% of the market share in 2023, led by strong demand for luxury and electric vehicles, as consumers prioritize comfort and advanced technologies.

The key players in the industry include Bosch, BWI, Continental, JTEKT, Magna, Marelli, Mercedes, Schaeffler, Tenneco, and ZF.

Automotive Active Suspension System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 170
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