According to the latest report by IMARC Group, titled “Automotive Hill Descent Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global automotive hill descent control market exhibited moderate growth during 2015-2020. Automotive hill descent control (HDC) is an intelligent safety system integrated into all-wheel drive (AWD) vehicles. It is a safety feature that facilitates safe traveling and assists in driving through steep terrains using the cruise control system of the vehicle. It helps maintain control on slopes by processing and regulating the data received from the anti-lock braking (ABS), engine control, transmission control units and body control modules. Consequently, automotive HDC is extensively used to maintain a pre-determined safe speed, improve fuel efficiency, and identify potential hazards.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Automotive Hill Descent Control Market Trends:
The burgeoning automotive industry represents one of the primary factors driving the automotive HDC market across the globe. Apart from this, the widespread adoption of global positioning system (GPS)-assisted cruise control with automotive HDC systems is significantly contributing to the market growth. Furthermore, technological advancements, such as the introduction of a connected all-terrain driving system that utilizes Dedicated Short-Range Communications (DSRC) for medium-range wireless or vehicle-to-vehicle communications, are positively influencing the demand for automotive HDC worldwide. The key players are also integrating controlled descent devices with several advanced technologies to make automobiles safer and more economical. This, in confluence with rising investments in research and development (R&D) activities for developing the next generation terrain response system, is acting as another growth-inducing factor. Looking forward, IMARC Group expects the market to exhibit a CAGR of 4% during the forecast period (2021-2026).
- Based on the component, the market has been segmented into sensors (wheel, torque, angle, and pressure sensors), actuators and electronic control unit.
- On the basis of the vehicle type, the market has been segregated into passenger, light commercial and heavy commercial vehicles.
- Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being Continental AG, Borg Warner Inc., Hyundai Mobis, Co., Ltd., Murata Manufacturing Co., Ltd., Robert Bosch GmbH, WABCO Holdings Inc. and ZF Friedrichshafen AG.
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