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Global Automotive Active Cornering System Market 2019-2023 - Product Image

Global Automotive Active Cornering System Market 2019-2023

  • ID: 4774788
  • Report
  • May 2019
  • Region: Global
  • 127 pages
  • TechNavio
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FEATURED COMPANIES

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

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. "

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

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

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 

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

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

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.

Note: Product cover images may vary from those shown
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  • BorgWarner Inc.
  • Continental AG
  • Eaton
  • JTEKT Corp.
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown
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