Global Vehicle Dynamic Control System Market Size By Type (Saloon Car Dynamic Control System, SUV Dynamic Control System), By Application (Passenger Cars, Commercial Vehicles), By Geographic Scope And Forecast

Vehicle Dynamic Control System Market Size And Forecast

Vehicle Dynamic Control System Market size was valued at USD 1.33 Billion in 2021 and is projected to reach USD 2.51 Billion by 2030, growing at a CAGR of 7.70% from 2023 to 2030.

The prominent application areas for the Vehicle Dynamic Control System Market are Passenger Vehicles, Commercial Vehicles, and Motorcycles. This increase in the application indicates that the Vehicle Dynamic Control System will have a rise in demand during the forecast period. The Global Vehicle Dynamic Control System Market report provides a holistic market evaluation. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

Global Vehicle Dynamic Control System Market Definition

Sudden driving maneuvers – such as quick steering and counter-steering, unexpected lane changes, or swerving into the path of obstacles – and wet, contaminated, or slippery roads can cause the car to become unstable and begin to skid. The Vehicle Dynamic Control System program can control the vehicle from skidding within the limits of what is physically feasible by performing targeted interventions in the brakes and the engine control system. Employing sensors, the Electronic Stability Program permanently compares whether the driver’s steering input coordinates with the vehicle’s actual direction of travel.

If the system detects a situation where the values differ, Vehicle Dynamic Control System intervenes – as soon as the vehicle threatens to become unstable. In simple terms, Vehicle Dynamics Control (VDC) is a form of electronic stability control. This advanced active safety system uses sensors to monitor wheel speed, yaw rate, steering wheel position, and lateral acceleration. If the sensors notice that the vehicle is not moving in a deliberate direction, the system will take steps to try to fix the situation.

Since most models are equipped with symmetrical full-time AWD, the VDC system relies on this to maximize traction and restore vehicle stability at the initial signs of trouble. Suppose this doesn’t produce the desired results. In that case, VDC will then take corrective action by adjusting the torque-split front to rear (SPT & CVT models only), using the brakes to individual wheels, changing engine timing, and decreasing fuel flow. This combination of symmetrical full-time AWD and VDC delivers superior levels of active safety with even more unique added benefits.

Global Vehicle Dynamic Control System Market Overview

Rising demand for safety and security features in vehicles, Growing awareness about the benefits of VDC systems among consumers, Increasing demand for luxury and premium cars, Technological advances in VDC systems, and Strict government regulations demanding the installation of VDC systems in vehicles are some factors boosting the growth of the market. Road accidents all over the world kill over 1.25 million people every year. This fatality rate is high in developed and emerging countries. To reduce this rate and curb road accidents, governments worldwide started implementing legislation for vehicle safety.

OEMs investing in research and development of technology and investing in growth, rising vehicle safety concerns, and advanced braking system is raising their adoption as essential system. Worldwide government bodies are implying norms, and increasing vehicle production is expected to grow Global Vehicle Dynamic Control System Market in the forecasted period. Besides, Luxury mid-range car makers are installing Vehicle Dynamic Control Systems in most of their cars. The reduction in fatality rate is about 36% in the passenger car segment and 7% in the light commercial vehicle segment.

The Vehicle Dynamic Control System Market is expected to grow at 21% CAGR in the forecasted period. Worldwide vehicle production was almost 92 million in 2019. Japan, China, and Germany were the most prominent commercial vehicle producers. Thus, owing to all such factors, the global Vehicle Dynamic Control System Market is expected to grow in the forecasted period. Further, additional factors, such as increasing demand of advance features in vehicle safety over the past few years, are also encouraging the market.

The Vehicle Dynamic Control System gives more protection to the driver and passenger. These factors are expected to maintain their growth in the forecasted period. Developing countries are also showing demand for vehicles with safety devices, which drives the market for Vehicle Dynamic Control Systems. However, raw materials’ unavailability and varying prices are expected to hamper market growth over the forecasted period. For instance, the shortage of semiconductor chips in the first quarter of 2021 has significantly impacted the automotive and electronic industries. Major automakers such as General Motors have terminated their production due to this shortage.

Global Vehicle Dynamic Control System MarketSegmentation Analysis

The Global Vehicle Dynamic Control System Market is segmented on the basis of Type, Application, And Geography.

Vehicle Dynamic Control System Market, By Type

• Saloon Car Dynamic Control System
• SUV Dynamic Control System
• Others

Based on Type, the market is segmented into Saloon Car Dynamic Control System, SUV Dynamic Control System, and Others. The SUV Dynamic Control System segment dominated the overall industry in terms of revenue share in 2021. This is because SUVs are well known for using high-end materials and have a sporty look. The off-road capabilities of SUVs are driving their demand in the US and European countries. The growing demand for premium cars with increased comfort features would create potential demand for luxury SUVs in the coming years which in turn drives the demand for Vehicle Dynamic Control System Market.

Vehicle Dynamic Control System Market, By Application

• Passenger Cars
• Commercial Vehicles

Based on Application, the market is segmented into Passenger Cars and Commercial Vehicles. The commercial vehicle segment dominated the overall industry regarding revenue share in 2021. This can be attributed to the growing demand for trucks and buses from various end-use industries such as construction, mining and quarrying, and transportation of goods because of their high durability and reliability. VDC systems are installed in heavy Commercial Vehicles (HCVs) such as 18-wheelers that deliver advanced safety features to drivers regarding speed control while operating on highways, thus improving driver comfort during long journeys.

Vehicle Dynamic Control System Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Regional Analysis, the Global Vehicle Dynamic Control System Market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Asia Pacific is expected to be the fastest-growing region in the projection period. The regional market is driven by increasing demand for vehicles in countries such as China, India, and Japan. Furthermore, rising disposable income coupled with growing consumer preference for high-performance cars will drive the VDC market in this region over the forecast period.

North America holds the largest market, and Europe accounted for the second largest, with more than 25% of the global revenue share in 2021. This was owing to stringent regulations implemented by governments across Europe and North America regarding vehicle safety systems and increasing demand from developed economies, including Germany, the U.K., and the U.S.

Key Players

The “Global Vehicle Dynamic Control System Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Subaru, IPG Automotive, Infiniti, Nissan, Siemens, Toyota Motor Corporation, BMW, Alfa Romeo, Acura, Hyundai.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2021, Subaru announced the completion of the acquisition of shares in Toyota. The partnership will now move forward and create a platform dedicated to battery electric vehicles (BEVs) and jointly develop an all-electric SUV.
• In May 2020, Renault and Nissan ruled out a merger as they unveiled a survival plan.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Vehicle Dynamic Control System Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Vehicle Dynamic Control System Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research