Home > Industry Insights > Automotive Industry Analysis Report-Intelligent Chassis Market Size Reaching USD 23,145.96 Million in 2028

Automotive Industry Analysis Report-Intelligent Chassis Market Size Reaching USD 23,145.96 Million in 2028

Published: 2022-09-14

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Industry: Automobile & Transportation

Intelligent Chassis

During the evolution of automobiles from traditional fuel vehicles to smart electric vehicles, many core components have undergone significant changes, as has the chassis system, which has experienced the transition from traditional chassis to electric chassis to today's smart chassis. At present, the intelligent wire-controlled chassis is divided into five core systems in the industry: wire-controlled steering, wire-controlled brakes, wire-controlled shifts, wire-controlled accelerators, and wire-controlled suspensions. The intelligent chassis provides a platform for the autonomous driving system, cockpit system and power system, and is the trend of technological change in the automotive industry. The scope of statistics in this report is intelligent chassis related components.

General overview of the development of the intelligent chassis industry

Intelligent chassis refers to the carrying platform provided for automatic driving system, cockpit system and power system, which is the trend of technological change in the automobile industry.

The global smart chassis market size was valued at USD 6,629.01 million in 2021 and is expected to reach USD 23,145.96 million by the end of 2028, with a CAGR of 19.48% in 2022-2028.

Among them, brake-by-wire and steer-by-wire are the market segments of intelligent chassis, with 36.41% of the market share, reaching US$2,413.62 million, followed by steer-by-wire and others, accounting for 17.05% and 46.54% respectively. Intelligent chassis is mainly used in commercial vehicles and passenger vehicles, and passenger vehicles have an important share in the application, which is expected to reach US$20,708.69 million by 2028, with a CAGR rate of 19.50% from 2022 to 2028.

At present, major global manufacturers include Bosch, Continental, Mando, ZF, Schaeffler and KYB, etc. In 2021, the share of major manufacturers will exceed 95%. It is expected that the industry competition will become more intense in the next few years, especially in China market.

Factors affecting the development of the smart chassis market include the upgrade of smart chassis technology and the emergence of new technologies, the degree of matching between smart chassis and different brands and models, the overall development of the smart car and new energy vehicle industry, and the future development of China and other countries. degree of policy support.

Development Trend of Intelligent Chassis Industry

【Electrification】Electrification is the basis of chassis intelligence and promotes the development of brake-by-wire. The core of the research and development of the intelligent chassis is the power battery, and the development direction lies in the wire control of the chassis.

【Intelligence】Intelligence is the basis for satisfying the experience and safety of smart cars. Intelligent chassis is a key link to realize the intelligentization of automobiles. Through the transformation of wire control to build the control execution system of intelligent cars, it promotes the development of brake-by-wire and steering-by-wire, and finally realizes functions such as automatic driving.

[Lightweight] Lightweight is an important way to realize the low-carbon orientation of smart vehicles. The lightening of the chassis system is mainly to reduce the unsprung mass, which helps to improve the experience on the one hand, and helps to reduce the cost on the other hand. For power battery vehicles, weight reduction can increase cruising range and reduce vehicle costs and battery costs. The main means of lightweight chassis include the selection of lightweight materials, optimization of structural design and selection of advanced manufacturing processes.

Key Drivers of the Intelligent Chassis Industry

[Technology] The popularization of autonomous driving depends on the development of chassis-by-wire and domain control fusion technologies. The brake-by-wire and steer-by-wire of the intelligent chassis are the key to the development of the intelligent chassis and the core technology for realizing autonomous driving. At present, the mass production time of intelligent chassis is relatively late, the technical threshold is high, and the penetration rate is low. Therefore, the ability to achieve breakthroughs in core technologies has become the key to overtaking in the industry.

[Mass production efficiency] Foreign capital monopolizes the high-end market. At present, foreign capital accounts for more than 80% of the mid-to-high-end market. The development fee and testing and calibration fee are relatively high, and its core control system is rarely open to the outside world. Foreign manufacturers have the right to speak, and the service response is slow. Mass production is slow. In the future, with the gradual development of autonomous driving technology, domestic OEMs have obvious demand for the localization of wire-controlled chassis, and they will pay more and more attention to the right to speak. However, due to the generally strong monopoly position of foreign capital, it is necessary to gradually cultivate domestic suppliers to optimize supply. The core of the chain; for domestic manufacturers, low development costs, matching test costs, and high matching are the core capabilities of serving OEMs, and the industry is currently in the early stages of development, and technical barriers have not yet been clearly formed. For domestic manufacturers It's an opportunity to overtake a corner.

[Overall Development of Smart Vehicles] The current transformation of the automobile industry is taking place, which can be summarized into two parallel development lines, one is the transition from fuel vehicles to electric vehicles, the other is the transition from functional vehicles to smart vehicles, and finally these two The straight lines will meet together to form a smart electric vehicle. In the process of transformation, it can also be found that the shape of the traditional automobile chassis has also undergone relatively obvious changes, and the intelligent chassis has become the general trend in the future.

[Policy] "The Fourteenth Five-Year Plan for National Economic and Social Development and the Outline of Vision 2035" clearly states: "Break through key technologies such as high-safety power batteries, high-efficiency drive motors, and high-performance power systems for new energy vehicles, and accelerate research and development. The basic technology platform of intelligent networked vehicles and key components such as software and hardware systems, wire-controlled chassis and intelligent terminals."

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