Automotive Aerodynamic Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The automotive aerodynamic market is expected to register a CAGR of 5.5% during 2023–2031. The rising integration of integration of active aerodynamics is the key future trend in the global market in the coming years.

Automotive Aerodynamic Market Analysis

• With rising sale of electric vehicles with growing demand for luxury vehicles has become a critical factor in driving the automotive aerodynamic market growth. Several manufacturers are investing in advanced aerodynamic design to improve the overall aerodynamic performance and to reduce drag of EVs. Active aerodynamics, and advanced innovative features such as retractable spoilers are contributing to the overall efficiency of electric vehicles. It is aligning with the automotive industry's focus on energy-efficient transportation and sustainable growth of the vehicles.
• Automotive aerodynamics helps in the reduction of wind and turbulence noise and prevents the causes of aerodynamic instability in vehicles at fast speeds. The most recent development of automotive aerodynamics is an active aerodynamic system, which with the help of sensors and actuators dynamically adjusts the shape and configuration of the vehicle in response to changing driving conditions. The technological advancement in aerodynamics provides fuel efficiency and enhances overall performance of automobiles.

Automotive Aerodynamic Market Overview

• The increasing use of advanced aerodynamic shape-based luxury vehicles drives the market growth. Active aerodynamics is gaining popularity in the automotive aerodynamics market. It involves the use of automotive advanced feature-based surfaces that are dynamically adjustable drives the automotive aerodynamic market growth. Active aerodynamic have several features, such as adjustable flaps, wings, and spoilers to optimize the vehicle performance. It adapting to varying speeds, wind conditions, and operational requirements. This trend contributes to improved fuel efficiency, stability, and safety in both aviation and automotive applications.
• The integration of these technologies into automotive industry is causing a revolution in the market. These advancements allow to development of sophisticated and adaptable automotive systems that can react to real-time data, which improves passenger safety. To illustrate, cutting-edge technology to evaluate the intensity and nature of a crash by examining sensor data from accelerometers, gyroscopes, and car cameras drives the market growth. They can tell the difference between rollovers, side impacts, and front-end collisions and set off automotive as needed.

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Automotive Aerodynamic Market: Strategic Insights

Automotive Aerodynamic Market

• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Market Dynamics

GROWTH DRIVERS

• Increase in demand for safety measures in automobiles

FUTURE TRENDS

• Development of the automotive industry in developing countries

OPPORTUNITIES

• The rising integration of integration of active aerodynamics is the key future trend in the global market in the coming years.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Application

• Diffusers
• Side Skirts
• Spoilers
• Wind Deflectors
• Grille Shutter
• Air Dam

System

• Active System
• Passive System

Vehicle Type

• Passenger Vehicles and Commercial Vehicles

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Automotive Aerodynamic Market Drivers and Opportunities

Increase in demand for safety measures in automobiles

• Automotive aerodynamics are supplemental for automobile safety and offers higher drag and power. The market for automotive aerodynamic market has shown significant growth owing to strict government safety rules and regulations and an increase in awareness of vehicle safety among customers. The growing awareness for driver safety and enhancing the driving experience has been driving the automotive aerodynamic market.

Development of the automotive industry in developing countries

• The automotive industry is experiencing remarkable growth in developing countries like China, India, Brazil, and others because of the rising economies, increase in disposable income, and changing customer preferences. This expansion is beneficial for the growth of the automotive aerodynamic market growth.
• The future of the automotive aerodynamics market is developing significantly. To adopt the change toward electrification of the automotive industry, there are new opportunities for improvements in aerodynamics to enhance overall performance. The rising demand for lightweight cars is because of the better mileage they provide, with enhancement in aerodynamics fuel efficiency can be increased.

Increased Sales of Luxury Vehicles

• Luxury automobile manufacturers are increasingly driving the evolution by integrating sophisticated automatic safety technologies, including Automotive Aerodynamic, into their vehicles to ensure passenger safety and comply with the stringent automotive safety regulations. As per the latest Automotive Industry Associations report, in India, more than 47,000 luxury vehicles were sold in 2023, which increased by 21% compared to 2022. BMW and Mercedes-Benz announced increased sales in 2023 by 10-15% compared to 2022.
• Automotive Aerodynamic technology has a high potential market in the luxury automobile segment, which has a significant share in the global passenger automobile market, owing to increased awareness about safety aspects in automobiles and increased government policies and norms related to vehicular safety.

Automotive Aerodynamic Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Automotive Aerodynamic market analysis are component and application.

• Based on application, the market is segmented into diffusers, side skirts, spoilers, wind deflectors, grille shutter, air dam, and others.
• Depending upon the system, the market is segmented into active system and passive system.
• Based on vehicle type, market is segmented into passenger vehicles and commercial vehicles.

Automotive Aerodynamic Market Share Analysis by Geography

• Automotive aerodynamic market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Automotive Aerodynamic market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive aerodynamic market in these regions.

Automotive Aerodynamic Market Market Report Scope

Automotive Aerodynamic Market News and Recent Developments

The automotive aerodynamic market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Aerodynamic market are listed below:

• Hyundai Motor Co. and Kia Corp. have launched an “Active Air Skirt (AAS)” technology that minimizes the aerodynamic resistance generated during electric vehicle (EV) high-speed driving, effectively improving driving range and driving stability. AAS controls the flow of air entering through the lower part of the bumper and controls the turbulence generated around the vehicle wheels by operating variably according to the vehicle speed, according to a joint news release from the automakers. (Source: Hyundai Motor Co. and Kia Corp., Press Release, January 2024)

Automotive Aerodynamic Market Report Coverage and Deliverables

The “Automotive Aerodynamic Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive Aerodynamic market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive Aerodynamic market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Automotive aerodynamic market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automotive Aerodynamic market
• Detailed company profiles