South Korea Intelligent Chassis Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 3.6 Billion by 2030, growing at a CAGR of 9.9% from 2024 to 2030.
The South Korea Intelligent Chassis Market is witnessing a significant transformation driven by advancements in automotive technologies. With the rise of autonomous vehicles and the increasing demand for enhanced vehicle safety and performance, the intelligent chassis market has become a key focus of both manufacturers and industries. This technology integrates sophisticated sensors, actuators, and control systems to optimize vehicle dynamics, safety, and energy efficiency. In South Korea, the market for intelligent chassis is projected to expand rapidly as industries seek to meet the demands of modern consumers and environmental regulations.
The automotive sector, particularly in South Korea, is heavily influenced by the need for vehicles that are not only efficient but also safe and user-friendly. Intelligent chassis systems are designed to provide real-time adjustments to steering, braking, suspension, and powertrain systems, enabling vehicles to respond quickly to varying road conditions. These systems are increasingly seen as crucial in the development of electric and autonomous vehicles. With companies such as Hyundai, Kia, and Samsung investing in cutting-edge automotive technologies, South Korea is poised to be at the forefront of this rapidly evolving market.
Industries are pushing for more integration between intelligent chassis systems and other vehicle technologies. Electric vehicle manufacturers, in particular, are requiring intelligent chassis systems that support the unique needs of EV powertrains, such as enhanced battery management and weight distribution. Additionally, the rise of shared mobility services is driving the demand for intelligent chassis solutions that can improve vehicle uptime and reduce maintenance costs. As a result, South Korea’s automotive manufacturers are keen on adopting intelligent chassis technologies to maintain their competitive edge in the global market.
The need for intelligent chassis systems also stems from the growing regulatory pressure on vehicle emissions and fuel efficiency. With stricter government regulations aimed at reducing carbon footprints, the automotive industry is looking to integrate technologies that can help optimize fuel efficiency and reduce energy consumption. The intelligent chassis market, with its potential to improve driving dynamics and reduce energy loss, is seen as a key enabler in achieving these goals.
Furthermore, the South Korean market’s rapid adoption of autonomous driving technologies is accelerating the demand for intelligent chassis systems. Autonomous vehicles require high levels of precision in vehicle control and handling, which intelligent chassis systems can provide. As such, these systems are critical in ensuring the safe operation of self-driving vehicles, which is one of the most significant applications of intelligent chassis technology in the region.
As South Korea continues to develop its automotive infrastructure and technology, the intelligent chassis market will play a vital role in shaping the future of mobility. The market is expected to grow significantly in the coming years, driven by the increasing need for advanced, energy-efficient, and safe vehicles. With strong industrial backing and significant consumer interest, the intelligent chassis market in South Korea will undoubtedly continue to evolve, offering innovative solutions that will shape the next generation of transportation.
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Bosch
Continental AG
ZF Group
Schaeffler Group
Kayba
JTEKT
Mando Corporation
Bethel Automotive Safety Systems
Zhejiang Asia-pacific Mechanical & Electronic
Nasn-Auto
Ningbo Tuopu Group
Trinova-Tech
Tongyu Auto
Nexteer Automotive Group
GLB Auto
Hibo-Tech
PixMoving
Teemo
U Power
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Intelligent Chassis Market
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Autonomous Vehicles
Control Systems
Sensors
Actuators
Communication Systems
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
SUVs and Crossovers
Luxury and Premium Vehicles
Chassis Frame
Suspension Systems
Braking Systems
Steering Systems
OEMs (Original Equipment Manufacturers)
Aftermarket
Fleet Operators
Government and Defense
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Intelligent Chassis Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Intelligent Chassis Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Intelligent Chassis Market, By Type
6. South Korea Intelligent Chassis Market, By Application
7. South Korea Intelligent Chassis Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Intelligent Chassis Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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