The market for electronically controlled air suspension for automobiles is expanding as a result of the increased consumer desire for comfort and elegance in transportation. Improved ride comfort, better handling, higher safety, decreased vibration, and increased load-carrying capacity is just a few advantages that come with the installation of air suspension systems in passenger automobiles. Additionally, it is anticipated that rising vehicle sales would be a key contributor to the market's growth. Moreover, the need for air suspension systems in electric vehicles is being further driven by the trend toward increased vehicle electrification due to stricter pollution restrictions.
A decent ride gives passengers with comfort, minimizes cargo damage, and decreases driver fatigue on extended excursions. Suspension is crucial for ride quality and automobile handling control, since cars with firm suspension may result in stronger control of body motions and faster reflexes. Ambulances require a high degree of ride quality in order to minimize additional damage to their already unwell clients. Such factors have increased demand for greater driving comfort, which in turn has an impact on the air suspension industry.
Vehicles are rapidly coming up with innovative suspension systems that enhance driving comfort, handling, and safety, creating a need for the industry. One of the most cutting-edge suspension systems currently available for automobiles, automotive air suspension sevelamer of advantages, such as changeable ride and better handling on the road. Height sensors are necessary equipment in a car; they assist in maintaining the vehicle's by detecting the distance between particular spots on the vehicle and the road. Due to their versatility in adjusting ride and absorbing road imperfections, air suspensions have grown in popularity in numerous automobiles. This is accomplished by injecting air into the suspension system, which adapts to various driving scenarios.
Electronically controlled automobile air suspension is a device that aids in preserving the and weight of a vehicle. It enhances driving comfort, improves ride quality, decreases body roll, and offers superior cornering performance and stability. Pressure limiting valves, electronic control units (ECUs), sensors, and air springs are some of their parts.
The market for electronically controlled air suspension for automobiles is anticipated to expand at a CAGR of 9.5% between 2021 and 2031. By 2031, market revenue is anticipated to total 11.71 billion USD. This development can be ascribed to rising vehicle sales, rising luxury and comfort demand, and the expanding trend of e - mobility.
The market for electronically controlled car air suspension faces obstacles like expensive installation costs and complicated technology. Additionally, the current pandemic has disrupted production, which has harmed the supply chain and slowed market expansion. Conversely, this industry is anticipated to expand due to the increased demand for luxury cars in developing nations.
COVID-19 Impact and Market Status
The market for electronically controlled vehicle air suspension has been significantly impacted by the COVID-19 epidemic, as has the automotive industry as a whole. The growth of this market has slowed as a result of lower vehicle manufacturing, broken supply chains, and a lack of customer demand. However, the market is anticipated to recover quickly in 2021–2022, thanks to government initiatives to support the automotive sector.
The Pressure Limiting Valve Type emerged as the Most Booming Segment
The market is segmented into three types: sensors, electronic control units (ECUs), and pressure-limiting valves. Among them, the pressure-limiting valves segment has the biggest market share and is anticipated to expand steadily during the course of the forecast. The high installation costs are another element promoting the expansion of this market.
The Most Prominent Application is the Automotive Segment
The market has been divided into automotive and industrial applications based on application. Due to rising demand for premium automobiles with cutting-edge suspension systems, the automotive sector currently accounts for a sizable portion of the market. Due to its use in heavy-duty vehicles including trucks, trailers, and buses, the industrial application is anticipated to rise steadily during the forecast period.
The APAC Region to render Ample Revenues
The electronic air suspension market for automobiles has been examined on a regional level in North America, South America, Africa, Asia Pacific, Europe, and the Middle East. Due to the rising demand for luxury cars in nations like China, Japan, and India, Asia Pacific is anticipated to have the quickest growth throughout the forecast period. The market in Asia Pacific is expanding as a result of the presence of important players in this area.
Tenneco Inc. (now a division of DRiV Inc.), Delphi Technologies, Robert Bosch GmbH, ZF Friedrichshafen AG, Hitachi Ltd., Continental AG, Mando Corp., Air Lift Company, KYB Corporation, and TRW Automotive are some of the major companies competing in the global electronically controlled automotive air suspension market (Now part of ZF Friedrichshafen AG). To grow their market share, these firms have used a variety of techniques, including product releases, business expansions, agreements, joint ventures, partnerships, acquisitions & mergers, and others.
Recent Developments in the Electronically Controlled Automotive Air Suspension Market
• ZF Friedrichshafen AG introduced its innovative "ZF Air Suspension" air suspension system in April 2020. According to the manufacturer, the ZF Air Suspension system is lighter, more comfortable, and consumes less gasoline than traditional springs.
• TRW Automotive Holdings Corp unveiled their most recent air ride compressor for the European market in March 2021. In comparison to conventional suspension systems, the air ride compressor can offer superior fuel, efficiency, increased driving dynamics, and comfort, as well as a quieter cabin.
• The Load Lifter 5000 Ultimate Plus, a brand-new device from Air Lift Company, was introduced in April 2021. This item is a full air suspension system that works with vehicles that have afterload-leveling or OEM suspensions and has a load-leveling capacity of up to 5,000 pounds.
Electronically Controlled Automotive Air Suspension Market Scope
|Historic Data||2020- 2021|
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||11.71 billion USD|
|Growth Rate||CAGR of 9.5 % during 2022-2031|
|Segment Covered||by Type, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Tenneco Inc. (now a division of DRiV Inc.), Delphi Technologies, Robert Bosch GmbH, ZF Friedrichshafen AG, Hitachi Ltd., Continental AG, Mando Corp., Air Lift Company, KYB Corporation, and TRW Automotive|
Key Segments of the Global Electronically Controlled Automotive Air Suspension Market
Type Overview, 2021-2031 (USD Billion)
- Pressure Limiting Valve
- Electronic Control Unit
- Height Sensor
Application Overview, 2021-2031 (USD Billion)
Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa