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 substantial growth, driven by increasing demand for enhanced vehicle performance, safety, and automation. This emerging market focuses on integrating advanced technologies such as artificial intelligence, sensors, and electronic systems into vehicle chassis for improved driving experiences. The intelligent chassis includes features like adaptive suspension, autonomous driving capabilities, and smart sensors, which not only elevate the driving experience but also contribute to fuel efficiency and sustainability. Industries across the automotive sector are continuously seeking innovative solutions to stay ahead in this competitive market.
South Korea's automotive industry is highly advanced and competitive, making it a key player in the global intelligent chassis market. Several factors are contributing to this rapid growth, including the demand for more intelligent and automated driving solutions, increasing consumer preference for safety features, and the growing focus on electric vehicles (EVs). As manufacturers develop smarter, more efficient chassis systems, they enable vehicles to adapt to various driving conditions and improve overall performance. The integration of intelligent chassis systems is becoming a standard in both commercial and personal vehicles.
The automotive industry’s requirement for intelligent chassis systems has evolved as a response to stringent regulatory norms and consumer demand for higher safety standards. For instance, systems like electronic stability control (ESC), lane-keeping assist, and automatic emergency braking (AEB) are essential for meeting safety standards. These requirements are fueling innovation within the intelligent chassis market. Furthermore, industries such as logistics and public transport are also adopting these technologies to improve operational efficiency and vehicle lifespan.
Another factor driving the growth of the South Korea Intelligent Chassis Market is the push towards sustainable mobility. With South Korea’s commitment to reducing carbon emissions, automotive manufacturers are focusing on lightweight chassis materials and energy-efficient systems. This trend is particularly significant in the EV segment, where intelligent chassis solutions help optimize battery life and overall vehicle performance.
The need for intelligent chassis solutions is only expected to rise in South Korea as the demand for automation and safety features continues to grow. Automotive manufacturers and suppliers are investing heavily in R&D to develop next-generation intelligent chassis technologies. This market is set to continue its upward trajectory, offering immense opportunities for innovation and technological advancements.
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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
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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