Automotive Aerodynamic Market Developments by 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
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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 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
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The leading players operating in the automotive aerodynamic market include Magna International, Roechling Automotive India Pvt Ltd., OPmobility, SMP Deutschland GmbH (Germany), and Valeo. Polytec Holding, Inoac, Ap Plasman, Rehau Group, P.U. Tech Industry, Brose Fahrzeugteile, Hbpo, Spoiler Factory, Batz, Airflow Deflector, Piedmont Plastics, Hilton Docker Mouldings, Johnson Electric, and Sonceboz.
The rising integration of integration of active aerodynamics is the key future trend in the global market in the coming years.
The global automotive aerodynamic market is expected to grow at a CAGR of 5.5% during the forecast period 2023 - 2031.
The increasing sales of luxury cars with the surge in demand for safety in the automotive industry are the major factors driving the automotive aerodynamic market.
Table of Contents
1. INTRODUCTION
1.1. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. AUTOMOTIVE AERODYNAMIC MARKET LANDSCAPE
3.1. OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Automotive aerodynamic Market - By Mechanism Type
3.2.2. Automotive aerodynamic Market - By Vehicle Type
3.2.3. Automotive aerodynamic Market - By Region
3.2.3.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific (APAC) - PEST Analysis
3.3.4. Middle East & Africa (MEA) - PEST Analysis
3.3.5. South America (SAM)- PEST Analysis
4. AUTOMOTIVE AERODYNAMIC MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5. AUTOMOTIVE AERODYNAMIC MARKET - GLOBAL MARKET ANALYSIS
5.1. AUTOMOTIVE AERODYNAMIC - GLOBAL MARKET OVERVIEW
5.2. AUTOMOTIVE AERODYNAMIC - GLOBAL MARKET AND FORECAST TO 2028
6. AUTOMOTIVE AERODYNAMIC MARKET REVENUE AND FORECASTS TO 2028 - MECHANISM TYPE
6.1. OVERVIEW
6.2. MECHANISM TYPE MARKET FORECASTS AND ANALYSIS
6.3. ACTIVE SYSTEM
6.3.1. Overview
6.3.2. Active System Market Forecast and Analysis
6.4. PASSIVE SYSTEM
6.4.1. Overview
6.4.2. Passive System Market Forecast and Analysis
7. AUTOMOTIVE AERODYNAMIC MARKET REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. PASSENGER CARS
7.3.1. Overview
7.3.2. Passenger Cars Market Forecast and Analysis
7.4. LIGHT COMMERCIAL VEHICLES
7.4.1. Overview
7.4.2. Light Commercial Vehicles Market Forecast and Analysis
7.5. HEAVY COMMERCIAL VEHICLES
7.5.1. Overview
7.5.2. Heavy Commercial Vehicles Market Forecast and Analysis
8. AUTOMOTIVE AERODYNAMIC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1. North America Automotive aerodynamic Market Overview
8.1.2. North America Automotive aerodynamic Market Forecasts and Analysis
8.1.3. North America Market Forecasts and Analysis - By Countries
8.1.3.1. US market
8.1.3.2. Canada market
8.1.3.3. Mexico market
8.1.4. North America Market Forecasts and Analysis - By Mechanism Type
8.1.5. North America Market Forecasts and Analysis - By Vehicle Type
8.2. EUROPE
8.2.1. Europe Automotive aerodynamic Market Overview
8.2.2. Europe Automotive aerodynamic Market Forecasts and Analysis
8.2.3. Europe Market Forecasts and Analysis - By Countries
8.2.3.1. France market
8.2.3.2. Germany market
8.2.3.3. Italy market
8.2.3.4. Spain market
8.2.3.5. UK market
8.2.4. Europe Market Forecasts and Analysis - By Mechanism Type
8.2.5. Europe Market Forecasts and Analysis - By Vehicle Type
8.3. ASIA PACIFIC (APAC)
8.3.1. Asia Pacific Automotive aerodynamic Market Overview
8.3.2. Asia Pacific Automotive aerodynamic Market Forecasts and Analysis
8.3.3. Asia Pacific Market Forecasts and Analysis - By Countries
8.3.3.1. Australia
8.3.3.2. China market
8.3.3.3. India market
8.3.3.4. Japan market
8.3.4. Asia Pacific Market Forecasts and Analysis - By Mechanism Type
8.3.5. Asia Pacific Market Forecasts and Analysis - By Vehicle Type
8.4. MIDDLE EAST AND AFRICA (MEA)
8.4.1. Middle East and Africa Automotive aerodynamic Market Overview
8.4.2. Middle East and Africa Automotive aerodynamic Market Forecasts and Analysis
8.4.3. Middle East and Africa Market Forecasts and Analysis - By Countries
8.4.3.1. South Africa market
8.4.3.2. Saudi Arabia market
8.4.3.3. UAE market
8.4.4. Middle East and Africa Market Forecasts and Analysis - By Mechanism Type
8.4.5. Middle East and Africa Market Forecasts and Analysis - By Vehicle type
8.5. SOUTH AMERICA (SAM)
8.5.1. South America Automotive aerodynamic Market Overview
8.5.2. South America Automotive aerodynamic Market Forecasts and Analysis
8.5.3. South America Market Forecasts and Analysis - By Countries
8.5.3.1. Brazil market
8.5.4. South America Market Forecasts and Analysis - By Mechanism Type
8.5.5. South America Market Forecasts and Analysis - By Vehicle Type
9. INDUSTRY LANDSCAPE
9.1. MERGERS & ACQUISITIONS
9.2. MARKET INITIATIVES
9.3. NEW DEVELOPMENTS
9.4. INVESTMENT SCENARIOS
10. COMPETITIVE LANDSCAPE
10.1. COMPETITIVE PRODUCT MAPPING
10.2. MARKET POSITIONING/ MARKET SHARE
11. AUTOMOTIVE AERODYNAMIC MARKET, KEY COMPANY PROFILES
11.1. SRG GLOBAL, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. SWOT Analysis
11.1.5. Key Developments
11.2. PLASTIC OMNIUM
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. SWOT Analysis
11.2.5. Key Developments
11.3. VALEO
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. SWOT Analysis
11.3.5. Key Developments
11.4. JOHNSON ELECTRIC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. SWOT Analysis
11.4.5. Key Developments
11.5. POLYTEC HOLDING
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. SWOT Analysis
11.5.5. Key Developments
11.6. HBPO GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. SWOT Analysis
11.6.5. Key Developments
11.7. REHAU GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. SWOT Analysis
11.7.5. Key Developments
11.8. ROECHLING AUTOMOTIVE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. SWOT Analysis
11.8.5. Key Developments
11.9. MAGNA EXTERIORS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. SWOT Analysis
11.9.5. Key Developments
11.10. AP PLASMAN
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. SWOT Analysis
11.10.5. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
12.3. RESEARCH METHODOLOGY
The List of Companies
1. SRG Global, Inc.
2. Plastic Omnium
3. Valeo
4. Johnson Electric
5. Polytec Holding
6. Hbpo Gmbh
7. Rehau Group
8. Roechling Automotive
9. Magna Exteriors
10. AP Plasman
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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