Companies Dominating the Trailer Assist System Landscape
- Robert Bosch GmbH
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Magna International Inc
- ZF Friedrichshafen AG
- Valeo
- Cogent Embedded, Inc.
- Westfalia-Automotive GmbH
- Ford Motor Company
- Continental AG
- Volkswagen Group
- Mercedes-Benz Group AG
- Jaguar Land Rover Automotive PLC
- BMW AG
The trailer assist system market is highly competitive due to the presence of traditional players like Magna, Bosch, Ford, and Hyundai Mobis. These companies continuously introduce new solutions to make passenger and commercial vehicles safer and more convenient. Other key players such as Phillips Connect and Plus promote the market expansion with telematics solutions for trailers and automation. Such moves drive competitive dynamics, while the demand for advanced towing technologies is on the rise, and regulatory compliance is pushing the pace in Europe and North America.
In April 2023, Bosch collaborated with Plus on the development of software-defined trailer assist systems for commercial vehicles, providing 360-degree surround perception technology. The collaboration was one of the major steps towards offering automated towing assistance and making it much safer and more efficient. Companies also introduce partial automation with continuous driver assistance to shift toward the demand rise for advanced trailer systems and gain a leading position in the competition outlook.
Here are some leading companies in the trailer assist system market:
