April 18, 2024
E Corner System Market

E-Corner System Market Is Expected To Be Flourished By The Growing Adoption Of Advanced Driver-Assistance Systems

An e-corner system combines electronic brake force distribution and electronic stability control in electric and hybrid vehicles. It controls torque at each individual wheel and optimizes vehicle dynamics to deliver handling, stability, and safety benefits. E-corner systems help improve traction, agility, and energy efficiency in electric vehicles. They are increasingly being integrated with advanced driver-assistance systems such as adaptive cruise control, automatic emergency braking, lane keep assist, and others to enable features such as torque vectoring and precise handling.

The global e-corner system market was at US$ 2.28 billion in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI.

Market Dynamics:

Growing Adoption of Advanced Driver-Assistance Systems: The increasing adoption of advanced driver assistance systems is expected to drive the growth of e-corner system market as they play a key role in enabling precision handling, torque vectoring, and vehicle stability features through electric and electrohydraulic actuators. Furthermore, stringent safety regulations in developed countries are pushing automakers to integrate semi-autonomous and autonomous driving systems in vehicles, thus accelerating the demand for e-corner systems.

Improved Vehicle Handling and Safety: E-corner systems optimize vehicle dynamics through independent torque control at each wheel. This improves traction, handling, stability and safety especially in slick road conditions, sharp turns, and harsh braking situations. The ability of e-corner systems to deliver customizable driving feel and dynamics based on terrain is increasing their popularity. OEMs are actively focusing on developing advanced electric vehicle architecture integrated with e-corner systems.

Segment Analysis:

The global e-corner system market can be segmented into type and application. Based on type, the e-corner system market is divided into passive system and active system. The passive system segment dominated the market in 2024 with around 60% share as these systems are widely adopted in economy vehicles owing to their affordable price range. Based on application, the market is classified into passenger cars and commercial vehicles. The passenger cars segment accounted for the largest share of around 75% in 2024 due to growing demand for integrated advanced driver assistance systems (ADAS) features in hatchbacks and sedans.

E-Corner System Market Segmentation:

  • By Component Type
    • Antenna
    • Transponder
    • Amplifier
    • Frequency Converter
    • Diplexer
    • Multiplexer
    • Others (Modulator, Demodulator, etc.)
  • By Satellite Type
    • LEO
    • MEO
    • GEO
    • Others (HEO, Elliptical, etc.)
  • By End-use Industry
    • Commercial
    • Government & Military
    • Others (Academic, Non-profit, etc.)
  • By Application
    • Communication
    • Earth Observation & Remote Sensing
    • Science & Exploration
    • Navigation & Mapping
    • Surveillance & Security
    • Others (Weather forecasting, etc.)

PEST Analysis:

Political: Stringent safety regulations regarding vehicle stability control systems by regulatory bodies like NHTSA and EU are driving the adoption of e-corner systems.
Economic: Growing disposable incomes are fueling the demand for luxurious vehicles equipped with advanced driver assistance technologies.
Social: Rising consumer preference for autonomous and semi-autonomous vehicles with enhanced safety, handling and driving dynamics is a major factor.
Technological: Advancements in electric powertrain technologies and integration of sensors, ECUs and actuators are resulting in development of sophisticated e-corner systems.

Key Takeaways :

The global E Corner System Market Size is estimated to be valued at US$ 2.28 billion in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030.

Regional Analysis indicates that Asia Pacific dominated with around 35% market share in 2024 led by China. Rapid development of automotive industry in China along with widespread electrification of vehicles propels the demand.

Key Players operating in the e-corner system market are Beijing Aero, Valeo SA, ZF Group, Tesla, Hyundai Mobis, Bosch, CE+T Power etc. Beijing Aero captured around 18% share owing to its strong presence in China commercial vehicle segment. Key players are investing heavily in R&D to develop advanced driver assistance technologies based on e-corner systems. They are also engaging in strategic collaborations with automakers for faster adoption.

*Note:
1. Source: CoherentMI, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it