According to a new market report published by Lucintel, the future of the global smart bumper market looks promising with opportunities in private and commercial segments. The global smart bumper market is expected to grow with a CAGR of 6% from 2021 to 2026. The major drivers for this market are improvement of fuel economy, focus of automakers to improve safety, and increasing demand to improve vehicle safety.
To download report brochure, please go to https://www.lucintel.com/smart-bumper-market.aspx and click "download brochure" tab from the menu.
In this market, thermoplastic and thermoset are the major materials used to manufacture smart bumper. On the basis of comprehensive research, Lucintel forecasts that thermoplastic will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the protection to various pedestrian safety, driver assistance systems and fuel efficiency in automobiles.
Within the global smart bumper market, the OEM segment is expected to witness the highest growth over the forecast period because of their lightweight and have an active air-flow management system to enhance properties to the vehicle.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to the penetration of advanced safety and ADAS in the passenger vehicle market.
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of bumper airbags and rising demand for ADAS. Autoliv Inc., Continental AG, DENSO Corp., Ford Motor Co., Magna International Inc., REHAU AG + Co., Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen AG are among the major suppliers of the smart bumper market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart bumper market by material, vehicle type, end user and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Smart Bumper Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global smart bumper market by material, vehicle type, end user and region, as follows:
By Material [Value ($ Million) from 2015 to 2026]:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By End User [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.