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The automotive active aerodynamics system market size is forecast to increase by USD 38.56 billion at a CAGR of 18.55% between 2023 and 2028.
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is driven by the increasing demand for fuel efficiency and safety features in passenger cars. The mid-sized vehicle segment holds a significant market share due to the integration of advanced technologies such as sunroofs and active aerodynamic components like grille shutters, air dams, and speed lips. These components help reduce airflow drag, improve lift force, and enhance aerodynamic stability. The automotive industry is witnessing growth in developing countries, such as China, India, and South Korea, due to increasing vehicle penetration rates and regulatory pressures for carbon-reduction and fuel efficiency regulations. OEMs are capitalizing on this trend by expanding their manufacturing facilities and workforce to meet the rising demand.
Key active aerodynamic components include grille shutters, air grilles, decorative grilles, active speed lips, and active air dams. These components not only improve fuel efficiency but also contribute to aerodynamic stability, reducing wind noise and emissions. Additionally, the adoption of lightweight materials like aluminum and polymer composites in vehicle design further enhances fuel efficiency and reduces power losses. Electric vehicles are also expected to gain traction in the market due to their carbon emission benefits. Overall, the market is poised for growth, driven by regulatory pressures, increasing demand for fuel-efficient vehicles, and technological advancements.
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The Mid-sized vehicles segment was valued at USD 13.74 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The US dominates the North American market due to the increasing preference for luxury cars and pickup trucks, which have high penetration of these systems. The region's market growth is driven by the higher adoption of personal vehicles for commuting compared to public transport. Incorporating aerodynamic features in automobiles offers several benefits, including powertrain improvements, weight reduction, emissions reduction, and fuel efficiency. Active aerodynamic components, such as grille shutter systems, air grilles, active speed lips, and active air dams, help manage airflow and reduce drag. Regulatory authorities' carbon-reduction regulations and the airline industry's focus on carbon emissions are also driving the market's growth.
Manufacturers invest in lightweight materials like aluminum and polymer composites to meet fuel efficiency and emission regulations. Electric vehicles and commercial vehicles are also adopting active aerodynamic systems for improved stability and fuel efficiency. The market is expected to grow further as OEMs expand their manufacturing facilities and workforce to meet increasing demand. The market's growth is further fueled by the aesthetic appeal of these systems and the trend toward fuel-efficient and lightweight vehicles.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Stringent regulations for emission control increase adoption of active aerodynamics systems is the key driver of the market.
Use of advanced active grille shutter systems to reduce CO2 emissions from vehicles is the upcoming market trend.
Increased weight and complexity of vehicles is a key challenge affecting the industry growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The interaction between moving objects and air is a fundamental concept in physics, with aerodynamics being a critical aspect of this relationship. Aerodynamics refers to the study of the force exerted by air on moving objects, resulting from the relative motion between the two. In the context of automobiles, aerodynamic features play a significant role in optimizing vehicle performance and reducing environmental impact. Aerodynamic systems for automobiles are designed to manage airflow around the vehicle body, minimizing drag and maximizing lift force. These systems contribute to improved fuel efficiency, reduced power losses, and enhanced vehicle stability. The integration of active aerodynamic components, such as grille shutters, active speed lips, and active air dams, enables vehicles to adapt to varying driving conditions, optimizing aerodynamic performance.
Moreover, active aerodynamic systems are essential for light duty vehicles as they help to meet fuel consumption and carbon-reduction regulations. These regulations, implemented by regulatory authorities, aim to minimize carbon emissions from the transportation sector, aligning with the global focus on sustainability and reducing environmental impact. The automotive industry's pursuit of powertrain improvements and weight reduction strategies has led to the increased adoption of lightweight materials, such as aluminum and polymer composites, in vehicle manufacturing. The market is evolving with the integration of aviation technology, utilizing lightweight plastic materials and innovative generator systems to enhance vehicle efficiency and performance. The integration of active aerodynamic systems further enhances the benefits of these materials by reducing the overall weight of the vehicle and improving its aerodynamic efficiency.
Furthermore, the acoustic properties of active aerodynamic components, such as grille shutters and thermoacoustic engine encapsulations, contribute to reduced wind noise and noise emissions, enhancing the overall driving experience for passengers. Active aerodynamic systems are not limited to passenger vehicles. Commercial vehicles, including light commercial vehicles, medium duty vehicles, and heavy-duty vehicles, also benefit from these advanced technologies. Enhanced aerodynamic stability and improved fuel efficiency contribute to reduced operational costs and increased productivity for commercial fleet operators. The integration of active aerodynamic systems in automotive design has led to a new era of aesthetically appealing, fuel-efficient vehicles. Mid-priced cars, in particular, have seen significant growth In the adoption of these technologies, catering to consumer demand for stylish, eco-friendly vehicles.
Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.55% |
Market growth 2024-2028 |
USD 38.56 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
15.19 |
Key countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this automotive active aerodynamics system market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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