© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Air Suspension Market is set to see healthy CAGR during 2018 to 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Europe is expected to register significant market share owing to the consumer preferences towards premium vehicles across the region. Presence of multiple automobile OEMs with product portfolio consisting of luxury and sports vehicles will further propel the industry growth. For instance, in 2018, Lamborghini launched its Urus SUV with air suspension and active damper technologies. Asia Pacific will account for a considerable share owing to rising demand for buses for long haul travel along with rising commercial vehicle production across the region. Regional Analysis of Air Suspension Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Air Suspension Market :  Based on component, the electronic control unit segment will witness significant growth owing to the high preference for such devices for improved product performance. The ECU operates as a vital component in the electronically controlled air suspension system (ECASS), ensuring enhanced vehicle control and improved vibration absorption. Air spring will account for a considerable share owing to the product replacement required for over-extended springs. Unrestrained downward travel of the axle results in over-extension of air springs, further boosting the segment share.  Based on technology, the electronically controlled air suspension is expected to register considerable growth owing to the increasing consumer preference towards vehicles with convenient suspension operations. ECAS offers reduced vibration and air consumption providing comfortable ride, thereby supporting the segment growth. Higher stability, adaptability to varying loads and optimum road grip will further expand the air suspension market size over the projected timeframe.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Industry players are continuously investing in R&D for developing innovative products to improve the overall driving experience. For instance, in April 2019, Hyundai Mobis Co announced the development of new air suspension technology featuring automatic suspension adjustment for varying the vehicle height based on navigation system.  Few of the major players in air suspension market share include ThyssenKrupp AG, Continental AG, Firestone Industrial Products, Wabco Holdings Inc, Hitachi Ltd, Hendrickson International Corporation, SAF-Holland and Accuair Suspension. Competitive Market Share of Air Suspension Market :

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