The global automotive launch control system market was valued at around 152 thousand units in 2016 and is expected to surpass 193 thousand units by 2021, says Technavio.
Technavio has announced its latest market research report on the global automotive launch control systems market, under its automotive electronics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Automobili Lamborghini, Ferrari, Ford Motor Company, and Porsche.
According to Neelam Barua, a lead analyst for automotive electronics research at Technavio, “With growing dispensable income, consumers are willing to spend more on the purchase of vehicles. Sports and super sports cars, which used to be rare sights on the roads, have become more common.”
Automakers operating in the sports car industry are currently focusing on expanding their product offerings and their global reach. International sports car manufacturers such as Porsche, Lamborghini, McLaren, Bugatti, and Ferrari are differentiating their products to gain a competitive advantage in the automotive market.
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Deployment of aerodynamic wing in sync with launch control system
With the development of high-octane engineering technologies, super sports cars and dragsters have seen the incorporation of active wings and launch control systems for increasing the downforce, maximizing control, and simultaneously minimizing drag. Currently, such performance enhancing systems are becoming common in sports car used for racing events.
Integration of launch control with manually-operated gearbox
Automakers have established that such performance boosting systems can also be fitted in manually-operated cars with launch control systems being available on Chevrolet Corvette ZR1 and Camaro ZL1. These super sports cars are equipped with a no-lift shift in addition to launching control systems to accumulate all the power during the launch of the vehicle. Both the systems work in sync with each other, with the aim to launch the car with the highest acceleration in addition to protection of the car’s drivetrain parts and components.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Launch Control System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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