The automotive industry is not new to technology collaborations, as is visible from the evolution of components such as the manual steering systems to steer-by-wire (SBW) systems being developed today. However, this trend has spread to many more components with the help of electronics. The automotive chassis sector is a direct example of how successfully electronics have been able to enhance relatively simple mechanical components and elevate not just the comfort and handling in a vehicle, but its overall efficiency and safety performance. The inclusion of electronics is quite widespread today. IHS Markit expects electronics to enable low-cost markets to adopt advanced chassis components, including semiactive dampers, air suspensions, and electrohydraulic braking systems, even in volume-segment cars in the long term.
This report provides a fundamental understanding of volume and premium OEMs’ strategy in evolving their vehicle chassis components, an in-depth demand outlook, an overview of the main market drivers and challenges—on global and regional levels—and current and planned advances pertaining to chassis component technology.
Questions the report will answer include: