Automotive Active Cornering System Market Focuses on Market Share, Size and Projected Forecast Till 2031

Executive Summary

The Automotive Active Cornering System market research reports indicate a steady growth in the market driven by the increasing demand for safer and more efficient vehicle handling. The market is expected to grow at a CAGR of % during the forecasted period.

Key market trends include the rising adoption of advanced driver assistance systems (ADAS) in vehicles, the increasing focus on improving vehicle stability and handling, and the growing popularity of electric vehicles with advanced safety features. Automotive active cornering systems are becoming increasingly popular among consumers and automakers due to their ability to improve vehicle performance and safety.

In terms of geographical spread, North America, APAC, Europe, USA, and China are the key regions driving the growth of the Automotive Active Cornering System market. These regions are witnessing increasing investments in automotive technology and the rising demand for vehicles equipped with advanced safety features. North America and Europe are expected to dominate the market due to the presence of key market players and their focus on technological advancements.

The Asia-Pacific region, particularly China, is anticipated to witness significant growth in the Automotive Active Cornering System market due to the increasing sales of vehicles and the government's push for the adoption of advanced safety technologies.

Overall, the Automotive Active Cornering System market is poised for significant growth in the coming years, driven by technological advancements, increasing safety regulations, and the rising demand for vehicles with advanced safety features. Market players are focusing on innovation and collaboration to stay competitive in the market and cater to the evolving needs of consumers.

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Market Segmentation:

This Automotive Active Cornering System Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Automotive Active Cornering System Market is segmented into:

• BorgWarner Inc.
• Continental AG
• Eaton
• JTEKT Corp.
• Robert Bosch GmbH
• ZF Friedrichshafen AG

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The Automotive Active Cornering System Market Analysis by types is segmented into:

• Oil-powered Car
• Hybrid Car
• Electric Car
• Other

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The Automotive Active Cornering System Market Industry Research by Application is segmented into:

• SUVs
• Others

In terms of Region, the Automotive Active Cornering System Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Automotive Active Cornering System Market

Key drivers in the Automotive Active Cornering System market include increasing demand for improved vehicle performance and handling, growing focus on vehicle safety, and rising adoption of advanced driver assistance systems. On the other hand, barriers to market growth include high cost of implementation, complexity of integrating these systems with existing vehicle architectures, and limited availability of skilled technicians for installation and maintenance.

Challenges faced in the market include stringent regulatory requirements for ensuring safety and functionality of these systems, competition from traditional passive suspension systems, and the need for continuous research and development to keep up with evolving technology and customer preferences.

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Competitive Landscape

BorgWarner Inc. is a renowned player in the automotive active cornering system market, offering innovative solutions for vehicle dynamics and stability control. The company has a long history of providing cutting-edge technologies to improve automotive performance and safety. With a strong global presence, BorgWarner has experienced steady market growth over the years, thanks to its focus on research and development.

Continental AG is another key player in the automotive active cornering system market, known for its advanced electronic control systems and sensors. The company has a rich history of providing high-quality automotive components, with a strong emphasis on innovation and customer satisfaction. With a wide range of products and services, Continental has achieved significant market growth and a sizable market share in the automotive industry.

ZF Friedrichshafen AG is a leading supplier of automotive active cornering systems, offering sophisticated solutions for enhanced vehicle dynamics and handling. The company has a strong track record of delivering innovative technologies that improve vehicle performance and safety. With a global presence and a focus on sustainability, ZF Friedrichshafen has seen substantial market growth and increased sales revenue in recent years.

In terms of sales revenue, BorgWarner Inc. reported a revenue of $ billion in 2020, showcasing its strong financial performance and market competitiveness. Continental AG generated a revenue of €37.7 billion in the same year, further cementing its position as a major player in the automotive industry. Similarly, ZF Friedrichshafen AG reported a revenue of €32.6 billion in 2020, highlighting its significant market presence and growth potential in the automotive active cornering system market.

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