
Report ID: SQMIG25A2425
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Automotive Air Suspension Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Automotive Air Suspension industry players.
The global automotive air suspension market is characterized by intense competition based on strategic innovation, product differentiation, and regional growth. Advanced technologies to improve ride and drive performance are priorities for companies. For example, in June 2024, Nidec Corporation announced a new air suspension motor created by its Chinese subsidiary. The space saving brushless motor delivers reliability and fast responsiveness to power air compressor regulating suspension height. By dynamic height adjustment according to driving conditions, Nidec cements market leadership, resonating with an even wider industry trend toward comfort-centric and performance-driven suspension systems.
Startup Landscape
Established in 2020, KH Automotive Technologies' core mission is to develop advanced electronic air suspension systems exclusively for Chinese passenger cars. KH Automotive Technologies has risen to the ranks by offering air suspension systems to leading Chinese EV manufacturers like Li Auto and Voyah. The company focuses on designing air springs, controllers, and full assembly systems, with a focus on integration with OEMs. Their recent Series B funding of USD 72 million reflects investors' faith in their technology and future growth prospects. As the rate of electronic air suspension penetration in China is expected to increase by 2025, KH Automotive stands to gain from this growing market.
Founded in 2009, ClearMotion's core mission is to improve ride quality for vehicles by innovative active suspension technology. ClearMotion has come up with the ClearMotion1 system, which leverages both hardware and software to substantially cut down vehicle motion by around 75% compared to conventional systems. This technology has been met with partnership offers from big auto players, including Porsche, which is working with ClearMotion to test and potentially install this system on its cars. The ability of the system to predict road conditions ahead and make real-time suspension adjustments provides an improved driving experience without requiring vehicle redesigns. ClearMotion's technology is a tremendous leap forward in suspension technology that will establish new standards for ride comfort and vehicle dynamics.
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Global Automotive Air Suspension market size was valued at USD 6,145.5 Million in 2023 and is expected to grow from USD 6,562.1 Million in 2024 to USD 10,916.5 Million by 2032, growing at a CAGR of 6.5% in the forecast period (2025-2032).
The global automotive air suspension market is characterized by intense competition based on strategic innovation, product differentiation, and regional growth. Advanced technologies to improve ride and drive performance are priorities for companies. For example, in June 2024, Nidec Corporation announced a new air suspension motor created by its Chinese subsidiary. The space saving brushless motor delivers reliability and fast responsiveness to power air compressor regulating suspension height. By dynamic height adjustment according to driving conditions, Nidec cements market leadership, resonating with an even wider industry trend toward comfort-centric and performance-driven suspension systems. 'ZF Friedrichshafen AG', 'Continental AG', 'ThyssenKrupp AG', 'SAF Holland', 'Hendrickson International', 'Firestone Industrial Products Company, LLC', 'Vibracoustic SE', 'HL Mando Corporation', 'Astemo, Ltd.', 'VB-Airsuspension', 'Air Lift Company', 'Arnott Industries', 'Magneti Marelli S.p.A', 'STEMCO Products Inc.', 'KYB Corporation', 'ClearMotion', 'BWI Group', 'Dunlop Systems and Components', 'KH Automotive Technologies Co., Ltd.', 'Infinity Engineered Products'
The increasing use of electric vehicles (EVs) and their quick development in autonomous driving technologies are contributing significantly to the growth of the automotive air suspension market. Such suspension systems are especially compatible with EVs, as they serve well for the unique weight distribution of battery packs with excellent ride height and comfort. In autonomous cars, air suspension improves ride quality for passengers by automatically adapting to road conditions, thus providing better ride quality, greater stability, and a smoother, controlled driving experience.
Short-Term: In the near term, the automotive air suspension market is growing due to the rising demand for improved ride comfort and load management in passenger and commercial vehicles. Luxury cars and premium electric models like the Audi e-tron and Mercedes EQS are being fitted with electronically controlled air suspension systems that provide adaptive ride height and better handling. Also, there are commercial vehicles such as trucks and buses incorporating these systems to improve stability and minimize wear and tear on the road in answering the call for improved performance and efficiency in transportation.
Why is Asia-Pacific Leading Automotive Air Suspension Market in 2024?
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Report ID: SQMIG25A2425
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