May 12, 2020 (HTF Market Intelligence via COMTEX) --
Advance Market Analyticsreleased the research report ofGlobal Vehicle Dynamic ControlMarket, offers a detailed overview of the factors influencing the global business scope.Global Vehicle Dynamic Control Market research report shows the latest market insights with upcoming trends and breakdown of the products and services.The report provides key statistics on the market status, size, share, growth factors of the Global Vehicle Dynamic Control.This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Subaru (Japan), IPG Automotive (Germany), Infiniti (Hong Kong), Nissan Motor Co., Ltd. (Japan), Siemens AG (Germany), Toyota Motor Corporation (Japan), Bayerische Motoren Werke AG (Germany), Alfa Romeo Automobiles S.p.A. (Italy) and The Hyundai Motor Company (South Korea) .
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Vehicle dynamic control systems play a significant role in vehicle stabilization as well as turning safety. Various sensors are used in this system to track driver input and vehicle movement. The system can monitor the brake and engine performance in certain driving situations to keep the vehicle on its steered path. The dynamic control system for vehicles is intended to improve driving stability. Some of the major features of vehicle dynamic control are electronic stability control, anti-lock brake system, brake assist, electronic brake-force distribution, traction control system and limited-slip device. Demand for vehicle dynamic control has increased, due to the rising number of road traffic deaths. For instance, according to the Association for Safe International Road Travel, in worldwide, every year, around 1.25 million people die in road accidents which is an average of 3,287 deaths a day and nearly half of all road deaths happen between 15-44-year-old young adults. Hence, an increasing number of road accidents worldwide and increasing awareness among consumers regarding vehicle dynamic control are projected to drive the global vehicle dynamic control market over the forecast period.
Rising Number of Road Accident and Increasing Awareness among Consumer
Growing Demand for Automation in Vehicles and Electrification of Automotive Parts
Technology Advancement regarding Vehicle Dynamic Control
Stringent Rules as well as Regulation
Growing Demand for Innovative Technologies
Growing Demand from Emerging Market such as China, India, among others
Lack of Awareness in Some Countries