Automotive Active Cornering System Market by Type, Systems, Application

Description

List of Tables

[189 Pages Report] The Automotive Active Cornering System Market size was estimated at USD 3.00 billion in 2023 and expected to reach USD 3.25 billion in 2024, at a CAGR 8.46% to reach USD 5.30 billion by 2030.

The automotive active cornering system is an advanced vehicle technology designed to enhance the handling and safety of a vehicle whilst navigating through curves and corners. This innovative system actively manages the distribution of power and braking force to the wheels during cornering, thereby improving grip and stability. It senses the steering input, vehicle speed, and lateral acceleration to adjust the torque vector across the axles dynamically. This reduces understeer or oversteer, ensuring a more controlled and responsive driving experience. The automotive active cornering system notably boosts the vehicle's performance and driver confidence in challenging driving conditions by actively intervening to maintain the desired path of travel. The growth of the automotive active cornering system market is driven by the increasing consumer demand for vehicle safety and enhanced driving dynamics. The high cost of implementation, maintenance, and complexity associated with the design and development of automotive active cornering systems hinders their adoption. The rising trend of vehicle electrification offers a new avenue for automotive active cornering system market expansion, as electric and hybrid vehicles require advanced stability systems to manage their high torque levels and weight distribution.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.00 billion
Estimated Year [2024]	USD 3.25 billion
Forecast Year [2030]	USD 5.30 billion
CAGR (%)	8.46%

Type: Increasing need for automotive active cornering systems in electric cars

In electric cars, maintaining traction and stability during cornering is paramount due to electric motors' high torque characteristics. Active cornering systems in electric vehicles improve safety and enhance the driving experience by precisely controlling power distribution to each wheel, adapting instantaneously to road conditions and driver inputs. Hybrid cars, with their combination of internal combustion engines and electric motors, benefit significantly from advanced active cornering systems. These systems optimize the drive torque distribution between the powered axles and, when necessary, individual wheels and improve fuel efficiency by minimizing unnecessary power loss and ensuring better grip and stability during cornering, making hybrid vehicles safer and more enjoyable to drive. Oil-powered cars also experience notable benefits from incorporating active cornering systems. While oil-powered car vehicles might not exhibit electric motors' instant torque characteristics, the dynamic power distribution control to the wheels during cornering can significantly improve handling characteristics. The automotive active cornering system also contributes to enhanced safety by mitigating risks associated with oversteering or understeering, making it a valuable addition to any oil-powered vehicle focused on performance and safety.

Application: Sport utility vehicles increasingly benefit from automotive active cornering systems

Automotive active cornering systems (ACS) in heavy passenger cars enhance safety and performance. These vehicles, often characterized by their substantial mass and size, can benefit from ACS by obtaining improved maneuverability and stability, particularly at high speeds or tight corners. The system actively adjusts the torque distribution and braking power to individual wheels, enabling the car to maintain optimal grip and reduce the risk of understeering or oversteering. Furthermore, ACS contributes to a more comfortable ride by minimizing the lateral forces acting on the passengers during cornering, enhancing the overall driving experience in heavy passenger cars. Sport utility vehicles (SUVs), known for their versatility and off-road capability, significantly gain from integrating automotive active cornering systems. SUVs' higher center of gravity often makes them prone to rolling over during sharp turns or sudden directional changes. ACS addresses this issue by improving the vehicle's stability, reducing the likelihood of such accidents. It accomplishes this by actively monitoring driving conditions and vehicle dynamics, then adjusting the power distribution and braking to ensure the vehicle remains stable. Additionally, the enhanced cornering performance provided by ACS allows for a more dynamic driving experience, encouraging drivers to fully exploit the capabilities of their sport utility vehicles in a broad range of driving conditions, from city streets to rural off-road paths, without compromising on safety or comfort.

Regional Insights

The automotive active cornering systems market in the Americas is experiencing robust growth, driven by the increasing adoption of advanced vehicle safety and performance technologies. The United States, with a strong presence of leading OEMs, significantly contributes to the regional demand. Moreover, initiatives to enhance vehicle safety standards in Latin American countries are expected to further boost market growth in the region. The Asia-Pacific region is the rapidly growing market for automotive active cornering systems globally, attributed mainly to the burgeoning automotive industry in countries including China, India, Japan, and South Korea. Rapid urbanization, increasing disposable incomes, and a heightened emphasis on vehicle safety and performance drive automotive active cornering systems market expansion in the Asia-Pacific region. China, the world's largest automotive market, is pivotal in the region's market dynamics. Additionally, government policies encourage the adoption of electric vehicles (EVs) and hybrid vehicles. These vehicles often incorporate advanced driving assistance systems (ADAS), including active cornering systems, which are actively contributing to this region's growth. The automotive active cornering system market in the EMEA region is experiencing significant growth, driven by increasing demand for vehicle safety features and advancements in automotive technologies. The stringent EU regulations on vehicle safety and emissions are major growth catalysts in Europe. The push for lower CO2 emissions and the high adoption rate of electric and hybrid vehicles in European countries drive the demand for advanced vehicle technologies, including active cornering systems. There is a rising interest in luxury vehicles equipped with advanced safety systems, including active cornering in the Middle East and African markets. The EU's technological advancements drive the proliferation of active cornering systems, influencing markets in the Middle East and Africa through trade and automotive standards.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Active Cornering System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Active Cornering System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Active Cornering System Market, highlighting leading vendors and their innovative profiles. These include Aisin Seiki Co., Ltd., BorgWarner Inc., Continental AG, Denso Corporation, Eaton, GKN Automotive Limited, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Ltd., Hyundai Motor Group, Infineon Technologies AG, Johnson Electric Holdings Limited, JTEKT Corp., Magna International Inc., Mitsubishi Electric Corporation, Moog Inc, NVIDIA Corporation, Robert Bosch GmbH, Tenneco Inc., Thyssenkrupp AG, TRW Automotive, Valeo, WABCO, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Active Cornering System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Electric Car
- Hybrid Car
- Oil-powered Car

Systems
- Active Rear Steering
- Adaptive Air Suspension
- Cornering Brake Control
- Dynamic Stability Control (DSC)
- Electronic Limited Slip Differential (eLSD)
- Torque Vectoring Differential

Application
- Heavy Passenger Car
- SUVs

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Active Cornering System Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Active Cornering System Market?

3. What are the technology trends and regulatory frameworks in the Automotive Active Cornering System Market?

4. What is the market share of the leading vendors in the Automotive Active Cornering System Market?

5. Which modes and strategic moves are suitable for entering the Automotive Active Cornering System Market?

Product Code: MRR-F97DD5A7D574

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing consumer demand for vehicle safety and enhanced driving dynamics
  - 5.1.1.2. Widening technological advancement in sensor accuracy and real-time data processing
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with the implementation and maintenance
- 5.1.3. Opportunities
  - 5.1.3.1. Growing integration of active cornering systems with electric power steering (EPS)
  - 5.1.3.2. Collaborations and partnerships with technology providers specializing in sensors and software technologies
- 5.1.4. Challenges
  - 5.1.4.1. Complexity associated with the design and development of automotive active cornering systems
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing need for automotive active cornering systems in electric cars
- 5.2.2. Application: Sport utility vehicles increasingly benefit from automotive active cornering systems
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Active Cornering System Market, by Type

6.1. Introduction
6.2. Electric Car
6.3. Hybrid Car
6.4. Oil-powered Car

7. Automotive Active Cornering System Market, by Systems

7.1. Introduction
7.2. Active Rear Steering
7.3. Adaptive Air Suspension
7.4. Cornering Brake Control
7.5. Dynamic Stability Control (DSC)
7.6. Electronic Limited Slip Differential (eLSD)
7.7. Torque Vectoring Differential

8. Automotive Active Cornering System Market, by Application

8.1. Introduction
8.2. Heavy Passenger Car
8.3. SUVs

9. Americas Automotive Active Cornering System Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Active Cornering System Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Active Cornering System Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Lamborghini Unveils Trick Active-Alignment Setup
- 12.3.2. Bridgestone Launched New Ecopia ENLITEN Long-Haul Tyre Range
- 12.3.3. Hyundai Launched N Brand's First Ev Model Ioniq 5 N
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio