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Global Automotive Performance Suspension System Market 2019-2023 | Integration of Active Steering Controls to Promote Growth | Technavio

December 3, 2018

LONDON--(BUSINESS WIRE)--Dec 3, 2018--The global automotive performance suspension system market is expected to post a CAGR of nearly 8% during the period 2019-2023, according to the latest market research report by .

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Technavio has released a new market research report on the global automotive performance suspension system market for the period 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing adoption of air suspension systems. Air suspension systems are innovative suspension systems mainly used in heavy commercial vehicles to reduce vibration and engine noise. They improve vehicle handling to a large extent by automatically adjusting the height of the vehicle according to vehicle speed and reducing resistance to wind while driving on highways. Vehicle makers are replacing the conventional coil-spring-based suspension system in high-performance cars with advanced air-suspension systems to increase the handling comfort of the vehicles.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the integration of active steering controls within performance suspension as one of the key emerging trends in the global automotive performance suspension system market:

Global automotive performance suspension system market: Integration of active steering controls within performance suspension

Vehicle makers are upgrading their existing vehicular systems with digital systems to increase operational efficiency and safety. Suspension systems play an important role in maintaining vehicle stability, especially the ones used in high-performance vehicles.

“Digitization of performance suspension system components has allowed vehicle makers to integrate various multiple electronic features in performance suspension systems to increase their overall operational efficiency and complement the handling capabilities of the vehicles. Integration of active steering systems in performance suspension greatly improves handling capabilities of high-performance vehicles,” says a senior analyst at Technavio for research on automotive electronics.

Global automotive performance suspension system market: Segmentation analysis

This market research report segments the global automotive performance suspension system market by application (electric vehicle and non-electric vehicle) and geographical regions (APAC, EMEA, and the Americas).

The non-electric vehicle segment held the largest market share in 2018, accounting for nearly 97% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2018 with a market share of over 44%. This region is expected to dominate the market through 2023, however, there will be a decrease in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005768/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

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