What is Vehicle Dynamic Control Market?
Vehicle dynamic control systems play a significant role in vehicle stabilization as well as turning safety. Various sensors are used in this system to track driver input and vehicle movement. The system can monitor the brake and engine performance in certain driving situations to keep the vehicle on its steered path. The dynamic control system for vehicles is intended to improve driving stability. Some of the major features of vehicle dynamic control are electronic stability control, anti-lock brake system, brake assist, electronic brake-force distribution, traction control system and limited-slip device. Demand for vehicle dynamic control has increased, due to the rising number of road traffic deaths. For instance, according to the Association for Safe International Road Travel, in worldwide, every year, around 1.25 million people die in road accidents which is an average of 3,287 deaths a day and nearly half of all road deaths happen between 15-44-year-old young adults. Hence, an increasing number of road accidents worldwide and increasing awareness among consumers regarding vehicle dynamic control are projected to drive the global vehicle dynamic control market over the forecast period.
The market study is being classified by Type (Saloon Car Dynamic Control System and SUV Dynamic Control System), by Application (Passenger Cars {Microcar, Subcompact car Economy Car, Compact car, Mid-size car, Entry-level luxury car, Full-size car, Mid-size luxury car, MPV, Minivan, Mini SUV} and Commercial Vehicles {Box truck, Cargo van, Cement Mixer, Ice Cream Truck, Limousine, Pickup Truck, Sport Utility Vehicle, Others}) and major geographies with country level break-up.
Subaru (Japan), IPG Automotive (Germany), Infiniti (Hong Kong), Nissan Motor Co., Ltd. (Japan), Siemens AG (Germany), Toyota Motor Corporation (Japan), Bayerische Motoren Werke AG (Germany), Alfa Romeo Automobiles S.p.A. (Italy) and The Hyundai Motor Company (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Advics (Japan), Continental (Germany), Denso Techno (Japan), Knorr-Bremse (Germany) and LS Automotive (Korea).
Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Vehicle Dynamic Control market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vehicle Dynamic Control market by Type, Application and Region.
On the basis of geography, the market of Vehicle Dynamic Control has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Number of Road Accident and Increasing Awareness among Consumer
- Growing Demand for Automation in Vehicles and Electrification of Automotive Parts
Market Trend
- Technology Advancement regarding Vehicle Dynamic Control
Restraints
- Stringent Rules as well as Regulation
Opportunities
- Growing Demand for Innovative Technologies
- Growing Demand from Emerging Market such as China, India, among others
Challenges
- Lack of Awareness in Some Countries
In June 2019, the Datsun GO and GO Plus has launched with vehicle dynamic control technology. Hence, this launched will affect the growth of the market in the future
Key Target Audience
Manufacturers of Vehicle Dynamic Control, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others