Global Automotive Aerodynamic Market to Grow with a CAGR of 8.7% through 2028
Stringent Fuel
Efficiency and Emission Standards, Consumer Demand for Fuel Efficiency and
Advancements in Vehicle Design and Engineering is driving the Global Automotive
Aerodynamic Market in the forecast period 2024-2028.
According to
TechSci Research report, “Automotive Aerodynamic Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Automotive Aerodynamic Market stood at USD 27 billion in 2022 and is
anticipated to grow with a CAGR of 8.7% in the forecast period, 2024-2028.
Automotive
aerodynamics is the most effective technique for decreasing the emissions in
the automotive sector after weight reduction and powertrain improvement. Active
aerodynamics is the advanced technology of automotive aerodynamic technology.
It is trending to restrict airflow or selectively admits based on real-time
necessities and contributes towards the decrease in drag and thereby decreasing
emissions. It is of great importance to the automotive sector and thus is
expected to rise high in the forecast period.
Auto aerodynamic
systems are becoming an essential component of light-duty automobiles. The
major purposes of this system's incorporation are to reduce the visual appeal
and fuel consumption. However, some manufacturers of light duty cars also seek
to improve their models to maintain market competitiveness. Thus, the demand
for automotive aerodynamics in the market is rising proportionately to the
volume of production of light dirty vehicles, which is predicted to propel the
industry's growth rate.
The aerospace
industry is heavily controlled by strict guidelines established by several
regulatory agencies around the world. By imposing stricter regulations on the
aviation industry for the reduction of carbon emissions, these authorities are
pressuring the aerospace sector. The decrease of carbon emissions from
automobiles is significantly aided by their aerodynamics.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Automotive Aerodynamic Market.”
The Global
Automotive Aerodynamic Market is a dynamic and pivotal segment of the
automotive industry, dedicated to optimizing the interaction between vehicles
and the surrounding air. As the automotive landscape continues to evolve, with
a heightened emphasis on environmental concerns, technological advancements,
and shifting consumer preferences, the significance of automotive aerodynamics
has grown exponentially. In this comprehensive overview, we will delve into the
multifaceted landscape of the Global Automotive Aerodynamic Market, covering
its key drivers, market trends, challenges, and prospects.
Automotive
aerodynamics is a specialized discipline within automotive engineering that
focuses on manipulating the flow of air around vehicles to enhance their
performance, efficiency, and stability. It has emerged as a critical aspect of
vehicle design and engineering as automakers strive to meet increasingly
stringent regulatory standards, reduce emissions, and cater to consumer demands
for more sustainable, fuel-efficient, and high-performance vehicles.
Drag Reduction One
of the primary objectives of automotive aerodynamics is the minimization of
aerodynamic drag, which refers to the resistance encountered by a vehicle as it
moves through the air. Reducing drag is fundamental for enhancing fuel
efficiency and overall vehicle performance. Achieving this goal involves
streamlining the vehicle's shape and minimizing surface irregularities to
minimize air resistance.
Lift and
Downforce Management Automotive aerodynamics also plays a crucial role in
managing lift and downforce. Lift can lead to instability, particularly at high
speeds, and thus, designing vehicles to generate downforce becomes imperative.
Downforce helps press the vehicle onto the road, enhancing stability, traction,
and overall driving experience.
Cooling and
Thermal Management: Efficient cooling is essential for various vehicle
components, especially in high-performance and electric vehicles. Automotive
aerodynamics must strike a delicate balance between optimizing airflow for
cooling purposes while maintaining a sleek exterior to minimize aerodynamic
drag. Effective thermal management ensures that the vehicle operates
efficiently without overheating.
Noise Reduction:
Beyond performance and efficiency, another critical aspect of automotive
aerodynamics is the reduction of wind noise within the vehicle cabin. Noise
reduction contributes significantly to enhancing passenger comfort and the
overall driving experience, emphasizing the importance of aerodynamic design in
minimizing unwanted noise.
Regulatory
Pressures: Governments worldwide are imposing increasingly stringent
regulations on vehicle emissions and fuel efficiency. These regulatory
standards are designed to combat climate change and reduce pollution. As a
result, automakers are compelled to invest substantially in research and
development to meet these standards. For instance, the European Union's Euro 7
emissions standard, scheduled for implementation in the coming years, will
necessitate further optimization of vehicle aerodynamics to reduce emissions.
Similarly, the United States continues to raise Corporate Average Fuel Economy
(CAFE) standards, obliging automakers to develop more aerodynamically efficient
vehicles. Compliance with these regulations often entails costly design modifications
and the integration of advanced materials and technologies, impacting the
overall cost of production.
Electric Vehicle
(EV) Integration: The surge of electric vehicles represents both an opportunity
and a challenge for the Global Automotive Aerodynamic Market. EVs benefit from
simplified powertrains and fewer mechanical components, potentially allowing for
more streamlined designs. However, they also introduce unique challenges, such
as battery cooling and aerodynamic optimization. Efficient cooling systems are
necessary to manage the thermal load generated by high-capacity batteries,
often requiring intricate airflow designs. Furthermore, as EVs become more
prevalent, the market's competitive landscape is evolving. Established
automakers are facing competition from new entrants and technology companies
with different approaches to vehicle design, including aerodynamics. Adapting
to this changing landscape while meeting consumer demands for EVs with extended
range and rapid charging capabilities is a critical challenge.
Major companies
operating in Global Automotive Aerodynamic Market are:
- Magna International Inc.
- Röchling SE & Co. KG
- Plastic Omnium
- SMP
- Valeo
- SRG Global
- Polytec Holding AG
- Plasman
- INOAC Corporation
- Rehau Group
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“The
Global Automotive Aerodynamic Market is a critical sector of the automotive
industry, dedicated to optimizing vehicles' airflow, performance, and
efficiency. With the pressing need to meet stringent emissions standards,
enhance fuel efficiency, and cater to consumer demands for eco-friendly and
high-performance vehicles, automotive aerodynamics has gained paramount
importance. This market encompasses innovations in drag reduction, lift and
downforce management, cooling solutions, and noise reduction techniques.
Factors such as regulatory pressures, the integration of electric vehicles,
consumer preferences, and material innovations shape its trajectory.
Additionally, challenges like cost constraints, autonomous vehicle integration,
and global supply chain disruptions are key considerations. As the industry
continues to evolve, automotive aerodynamics will remain at the forefront,
driving innovation and sustainability in the automotive sector.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Automotive Aerodynamic
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Vehicle Type (Light-Duty Vehicles, Heavy Commercial
Vehicles), By Mechanism Type (Active System, Passive System), By Application
Type (Air Dam, Diffuser, Gap Fairing, Grille Shutter, Side Skirts, Spoiler,
Wind Deflector), By Region, By Competition..”, has evaluated
the future growth potential of Global Automotive Aerodynamic Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Automotive Aerodynamic Market.
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