The hill-start assist system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hill-Start Assist System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The hill-start assist system market size has grown strongly in recent years. It will grow from $3.79 billion in 2023 to $4.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to improved traction control systems, vehicle safety regulations, increased urbanization, consumer demand for safety features, reduced manual transmission usage..
The hill-start assist system market size is expected to see strong growth in the next few years. It will grow to $5.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to autonomous vehicle development, emergence of shared mobility, rise in hybrid vehicle sales, focus on energy efficiency, inclusion in standard safety packages.. Major trends in the forecast period include electronic stability control (esc) systems, driver assistance systems (adas) integration, broader range of vehicle types, automatic transmission systems, innovation in sensor technologies..
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Scope Of Hill-Start Assist System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hill-Start Assist System Market Overview
Market Drivers –
The increasing adoption of driver assistance systems is expected to propel the growth of the hill-start assist system market going forward. Driver assistance systems refer to electronic technologies that assist drivers in driving and parking functions. A hill-start assist system is a driver assistance system that helps prevent a vehicle from rolling backward down a hill when starting again from a stopped position. For instance, in April 2021, according to the Insurance Institute for Highway Safety and Highway Loss Data Institute, a US-based nonprofit research organization that conducts research related to automotive safety and insurance, adoption of adaptive cruise control with lane centering, a specific type of driver assistance system, is projected to grow significantly from 3% in 2021 to 15% by 2026. Additionally, the deployment of rear parking sensors is expected to surpass 60% fleet penetration by 2026, compared to the 41% recorded in 2021. Therefore, increasing adoption of driver assistance systems will drive the growth of the hill-start assist system market.
Market Trends —
Major companies operating in the market are focused on developing high-end technology vehicles, such as the Kiger RXT (O) MT, integrated with advanced driver assistance systems to expand their customer base and gain a competitive advantage. Kiger RXT (O) MT is a next-generation automobile variant integrated with advanced driver assistance systems, such as hill-start assist systems, that involve incorporating sophisticated sensors, cameras, and algorithms to improve the safety and convenience features of the vehicle and assist drivers when starting a vehicle on an incline or hill. For instance, in May 2023, Renault S.A., a France-based manufacturer of automobiles, launched the Kiger RXT (O) MT vehicle variant in India with added advanced driver assistance system features such as Hill Start Assist (HSA) to prevent the car from rolling back on an uphill, an in-built electronic stability program to maintain control of the direction and prevent rollovers or crashes, and a tire pressure monitoring system.
The hill-start assist system market covered in this report is segmented –
1) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
2) By Vehicle Propulsion: Internal Combustion Engines (ICE) Vehicles, Electric And Hybrid Vehicles
3) By Vehicle Class: Luxury, Economy
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Regional Insights —
North America was the largest region in the hill-start assist system market in 2023. The regions covered in the hill-start assist system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies —
Major companies operating in the hill-start assist system market report are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, Mercedes-Benz Group AG, Hyundai Motor Company, Robert Bosch GmbH, Nissan Motor Co. Ltd., Kia Corporation, The Volvo Group, Renault S.A., ZF Friedrichshafen AG, Continental AG, Mazda Motor Corporation, Subaru Corporation, Mitsubishi Motors Corporation, BorgWarner Inc., Isuzu Motors Ltd., Murata Manufacturing Co. Ltd., Hitachi Automotive Systems Ltd, Knorr-Bremse AG, HELLA GmbH And Co. KGaA, Delphi Automotive, WABCO Holdings Inc., BeijingWest Industries (BWI Group), Peugeot Citroën Automobiles S.A., Transtron Inc.
Table of Contents
1. Executive Summary
2. Hill-Start Assist System Market Report Structure
3. Hill-Start Assist System Market Trends And Strategies
4. Hill-Start Assist System Market — Macro Economic Scenario
5. Hill-Start Assist System Market Size And Growth
…..
27. Hill-Start Assist System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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