Asia Pacific Automotive Suspension Systems Market size was accounted for USD 30.5 Billion in 2016. It is anticipated to witness growth with 4.44% CAGR during the forecasted period, 2017 to 2025. This growth can be attributed to the rising production of vehicles, rapid advances being carried out in the vehicle technologies, and boosting the automobile industry across the globe.
Such systems are used for the absorption of shocks cased while driving the vehicles. Also, they maintain required contact between roads and tires which improves the vehicle’s lifespan. They also enhance the driving experience and cornering and braking functions. Moreover, their feature of preventing shock transmission to the frame of vehicles is projected to drive its market demand in the upcoming years.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/asia-pacific-automotive-suspension-systems-market/request-sample
The key driving factors responsible for the growth of Asia Pacific Automotive Suspension Systems market :
The rising demand for vehicles having comfort features is projected to drive the demand for luxury vehicles. Several vehicle manufacturers like Audi, Mercedes-Benz, BMW, Lamborghini, and MINI are witnessing a significant rise in their sales across the APAC region. Also, increasing disposable income among the working population across countries like India and China is contributing majorly to the demand for luxury vehicles.
The rising awareness about the safety of vehicles against potholes and vibrations is increasing continuously. Thus, technologically advanced products like steel springs, axle systems, and intelligent CDC and PDC damping systems are gaining traction across the globe. Further, stringent governmental regulations for ensuring passenger safety are expected to drive the demand for products like suspension systems in the upcoming years.
Systems Type Insights
The APAC automotive suspension systems market can be segmented into dependent (rigid) and independent systems based on the system types. The independent systems dominated the APAC market in 2016. They are also projected to grow with 4.6% CAGR from 2017 to 2025. This can be attributed to its smooth and stable drive feature with enhanced safety and comfort. Further, the rising demand for luxury vehicles is anticipated to contribute majorly in their market growth.
The dependent systems are largely being used across HCVs like buses and trucks. In these systems, the movement of wheels is independent that can cause loss of control when the speed of the vehicle is high, and even when applying brakes. Moreover, issues related to oscillations, wheel alignment, and heavyweight are anticipated to hinder the market growth of this segment.
Component Type Insights
Based on the component type, the market can be segmented into control arms, springs, ball joints, shock absorbers or dampeners, and others. Springs are majorly used for absorbing shocks on roads and dampeners reduce the oscillations. The control arms help the tires to align with the vehicle frame thereby providing strong and rigid support to the vehicle body.
The segment of ball joints is projected to witness the highest growth during the forecasted years, 2017 to 2025. This can be attributed to its usage for connecting the vehicle with front suspension thereby providing stability to the vehicle. They also enable the movement of suspension and wheel simultaneously.
Vehicle Type Insights
The passenger vehicle segment dominated the APAC market in 2016. This can be attributed to the surging demand for vehicles like luxury cars, vans, sedans, and SUVs having a carrying capacity of not more than 5 passengers. Further, enhanced features like convenience, safety, and comfort to drivers are projected to drive the market demand for suspension systems.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/asia-pacific-automotive-suspension-systems-market
Asia Pacific Video Streaming Market size was worth USD 8,582.4 million in 2018 and the market is anticipated to grow at a CAGR of 20.7% over the forecast period 2019 to 2025.
Growing penetration of innovative technologies such as artificial intelligence and blockchain has improved video streaming experiences and bolstered its demand.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/asia-pacific-video-streaming-market/request-sample The key driving factors responsible for the growth of Asia Pacific Video Streaming market : The consumption of digital data has increased considerably owing to the increasing penetration of smartphone coupled with the advent of high-speed internet connectivity.
Additionally, soon to come 5G technology will further generate a huge volume of data, thereby, bolstering the market growth.
Easy access to high-speed internet makes video content available across various networking platform.
Therefore, the increasing numbers of users on these platforms are estimated to bolster the demand for this market over the next few years in Asia Pacific.
Maximize Market Research's latest report, " Global Microcontroller Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of thGlobal Microcontroller Market is anticipated to reach US $ 23.48 Bn by 2027 from US $ 16 Bn in 2019 at a CAGR of 6.6% during a forecast period.Global Microcontroller Market Overview A microcontroller is a type of computing chipset that is widely used in pre-programmable devices like remote controls, linked solutions, and consumer goods.
These controllers provide software simplicity, energy efficiency, and low latency, all of which are boosting their adoption in IoT-connected devices across a variety of industries.
As a result of the benefits mentioned above, microcontrollers benefit various end-use industries, including automotive, medical devices, industrial machines, military & defense, and consumer electronics.The report has covered the market trends from 2015 to forecast the market through 2027.
However, 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe.Get a Sample PDF of the Report at: Request Free Sample ReportGlobal Microcontroller Market Major Market Players• NXP Semiconductors NV • Texas Instruments Incorporated • Microchip Technology, Inc. • Infineon Technologies AG • Renesas Electronics Corporation • STMicroelectronics NV • Toshiba Corporation • ON Semiconductor • Analog Devices, Inc • Yamaichi Electronics Co., Ltd. • Zilog, Inc • Freescale Semiconductor • Silicon Labs • Intel • FujitsuThe Market Impact of COVID-19 The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
This includes office closures, cancellations of technology events, and supply chain disruptions.
China is the world's largest manufacturing country and has the largest number of raw material suppliers.
