FEATURED COMPANIES
- BorgWarner Inc.
- Continental AG
- Eaton
- JTEKT Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
Speak directly to the analyst to clarify any post sales queries you may have.
This increased focus on active safety systems is an important driver for the global automotive active cornering system market. Automobiles have become safer than ever before, owing to the growing integration of automotive electronics. One of the major reasons for this is the New Car Assessment Program (NCAP), which provides star ratings to vehicles based on the different safety parameters that they pass in crash tests. Higher the star rating, higher safety standards. NCAP ratings help vehicle buyers to have a better understanding of the safety characteristics of a vehicle. NCAP also give significant weightage to electronic stability control (ESC). Active cornering system is mostly offered as a function of ESC or the electronic stability program in vehicles. Hence, the increased emphasis on ESC in vehicles will drive the growth of the market during the forecast period. Analysts have predicted that the automotive active cornering system market will register a CAGR of around 16% by 2023.
Market Overview
An increasing number of rollover accidents
The global automotive active cornering system market is growing due to the safety benefits associated with active cornering systems. The system aids automobile safety by reducing the probability of rollovers, which further reduces the chances of injuries and fatalities. Rollover accidents are common when vehicles make turns on slippery roads or at high speeds. Most of the vehicle-related fatalities were due to over speeding, driving under the influence of alcohol, and distracted driving. The US has a high number of rollover accidents, mainly because of the high adoption of utility vehicles such as SUVs and crossovers. Hence, with the sales of utility vehicles such as SUVs growing exponentially worldwide, automakers are offering active cornering systems, especially in larger utility vehicles, to lower the chances of rollover accidents.
Technical issues may lead to malfunctioning of active cornering systems
Automotive active cornering systems are mostly used in conjunction with other onboard systems that can reduce the probability of accidents as a result of a rollover. However, reliability issues associated with the system can affect the overall growth of the market in focus. This is because the system uses software and control units that can malfunction. Active cornering systems use software, sensors, and ECUs, which make it vulnerable to malfunctioning or faults. As it is designed to work as a part of the stability control system, an active cornering system may develop a snag, which may result in the inactivation of the system. Such occurrences not only put the safety of the automobile driver or passengers at stake but also put other road users in danger. Such issues have led to vehicle recalls in the past. Hence, the presence of such technical issues may challenge the growth of the market during the forecast period.
Competitive Landscape
The market appears to be moderately concentrated. The presence of a few companies, including BorgWarner Inc. and Continental AG, makes the competitive environment quite intense. Factors such as the increasing number of rollover accidents and the growing sales of SUVs will provide considerable growth opportunities to the automotive active cornering manufacturers. Eaton, JTEKT Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG. are some of the major companies covered in this report. "
FEATURED COMPANIES
- BorgWarner Inc.
- Continental AG
- Eaton
- JTEKT Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- SUVs - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Developments in automotive torque vectoring systems
- Active safety systems driving developments in vehicle autonomy
- Over-the-air (OTA) updates for ECUs
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BorgWarner Inc.
- Continental AG
- Eaton
- JTEKT Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global automotive electronics market
Exhibit 02: Segments of global automotive electronics market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: SUVs - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: SUVs - Year-over-year growth 2019-2023 (%)
Exhibit 21: Others - Market size and forecast 2018-2023 ($ billions)
Exhibit 22: Others - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 28: North America - Year-over-year growth 2019-2023 (%)
Exhibit 29: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 30: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 31: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 34: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 35: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: South America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: BorgWarner Inc. - Vendor overview
Exhibit 46: BorgWarner Inc. - Product segments
Exhibit 47: BorgWarner Inc. - Organizational developments
Exhibit 48: BorgWarner Inc. - Geographic focus
Exhibit 49: BorgWarner Inc. - Segment focus
Exhibit 50: BorgWarner Inc. - Key offerings
Exhibit 51: Continental AG - Vendor overview
Exhibit 52: Continental AG - Business segments
Exhibit 53: Continental AG - Organizational developments
Exhibit 54: Continental AG - Geographic focus
Exhibit 55: Continental AG - Segment focus
Exhibit 56: Continental AG - Key offerings
Exhibit 57: Eaton - Vendor overview
Exhibit 58: Eaton - Business segments
Exhibit 59: Eaton - Organizational developments
Exhibit 60: Eaton - Geographic focus
Exhibit 61: Eaton - Segment focus
Exhibit 62: Eaton - Key offerings
Exhibit 63: JTEKT Corp. - Vendor overview
Exhibit 64: JTEKT Corp. - Business segments
Exhibit 65: JTEKT Corp. - Organizational developments
Exhibit 66: JTEKT Corp. - Geographic focus
Exhibit 67: JTEKT Corp. - Segment focus
Exhibit 68: JTEKT Corp. - Key offerings
Exhibit 69: Robert Bosch GmbH - Vendor overview
Exhibit 70: Robert Bosch GmbH - Business segments
Exhibit 71: Robert Bosch GmbH - Organizational developments
Exhibit 72: Robert Bosch GmbH - Geographic focus
Exhibit 73: Robert Bosch GmbH - Segment focus
Exhibit 74: Robert Bosch GmbH - Key offerings
Exhibit 75: ZF Friedrichshafen AG - Vendor overview
Exhibit 76: ZF Friedrichshafen AG - Business segments
Exhibit 77: ZF Friedrichshafen AG - Organizational developments
Exhibit 78: ZF Friedrichshafen AG - Geographic focus
Exhibit 79: ZF Friedrichshafen AG - Segment focus
Exhibit 80: ZF Friedrichshafen AG - Key offerings
Exhibit 81: Validation techniques employed for market sizing
Exhibit 82: Definition of market positioning of vendors
FEATURED COMPANIES
- BorgWarner Inc.
- Continental AG
- Eaton
- JTEKT Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
The following companies are recognised as the key players in the global automotive active cornering system market: BorgWarner Inc., Continental AG, Eaton, JTEKT Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the active safety systems driving developments in vehicle autonomy.”
According to the report, one of the major drivers in this market is the safety ratings driving the adoption of active cornering systems.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of active cornering systems limits their adoption.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- BorgWarner Inc.
- Continental AG
- Eaton
- JTEKT Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
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