‘Automotive Active Aerodynamics Market to become US$ 1,113.5 million opportunity in 2023– Stratview Research Market Report

As per the latest market intelligence report published by Stratview Research, the Automotive Active Aerodynamics Market is anticipated to reach at US$ 1,113.5 million by 2023.

The research studies Automotive Active Aerodynamics Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under three segments by Vehicle Type (Passenger Car, LCV, and M&HCV), by Component Type (Active Grille Shutter, Active Spoiler, Active Rear Wing, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

The study finds –
 Europe is expected to remain the largest automotive active aerodynamic components market during the forecast period.
 Active grille shutter is likely to remain the most dominant active aerodynamic component in the automotive industry during the forecast period.
 Passenger car segment to remain the growth engine of the global automotive active aerodynamics market. An increased dependency on active aerodynamic components to achieve better fuel efficiency and to reduce carbon emissions in cars is primarily driving the segment’s market over the next five years.

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Automotive Active Aerodynamics Market: Highlights
The automotive industry is very keen to adopt technologies that can reduce carbon emission levels and meet or exceed emission norms imposed by different regulatory authorities of various countries. Aerodynamics is the third most effective technique for reducing emissions in the automotive industry after powertrain improvement and weight reduction. Active aerodynamic is the advanced aerodynamic technology, which selectively admits or restricts airflow based on real-time requirements and contributes towards the reduction in drag and thereby reducing emissions.

The auto industry has efficaciously been ushering in a new era of aerodynamic vehicles with a meticulous investment into advanced components that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating active components in their most-renowned vehicle models with the purpose to improve the overall fuel efficiency of vehicles in order to address stringent government regulations, such as CAFE Standards and EU Commission on Carbon Emissions Reduction Targets.

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The global automotive active aerodynamics market is likely to grow at an impressive double-digit over the next five years to reach US$ 1,113.5 million in 2023. Increasing vehicle production coupled with an increasing penetration of active aerodynamic components in newer vehicles, a rise in demand for improved aerodynamics in vehicles, and the implementation of stringent emission norms for reducing carbon emissions in the automotive industry are the major growth drivers of the automotive active aerodynamics market.

The global automotive active aerodynamics market is segmented based on vehicle type as Passenger Car, LCV, and M&HCV. The passenger car is expected to remain the growth engine of the global automotive active aerodynamics market during the forecast period. An increased dependency on active aerodynamic components to achieve better fuel efficiency and to reduce carbon emissions in cars is primarily driving the segment’s market over the next five years.

Based on the component type, the market is segmented into Active Grille Shutter, Active Spoiler, Active Rear Wing, and Others. Active grille shutter is likely to remain the most dominant active aerodynamic component in the automotive industry during the forecast period. Over the last decade, active grille shutter has experienced a tremendous gain in various segments, especially in luxury and premium vehicles. On an average, 20% of the air in front of the vehicles goes below the hood of vehicles and reduces the aerodynamic drag. Active grille shutters perform a vital role in efficiently managing such airflow and improving aerodynamic efficiency.

There are various other active aerodynamic components currently at the development stage for mass usage. These components are also likely to mark their presence in mass-selling vehicle models in the coming years. For instance; recently launched active air dam in Ram 1500 pickup truck is the first such active aerodynamic component being launched in a serial production vehicle model.

Based on the regions, Europe is expected to remain the largest automotive active aerodynamic components market during the forecast period. Stricter emission norms of European Commission have led to a faster adoption of active aerodynamic components, especially active grille shutter, into the European vehicles. BMW AG, Audi AG, Ford Motors, Daimler AG, Lincoln, Volkswagen AG, Groupe Renault, and PSA Group are some of the key OEMs in Europe, which are increasingly adopting active aerodynamic components in some of their vehicle models.

The key automotive active aerodynamic component manufacturers are Rochling Group, Magna International Inc., Valeo SA, HBPO GmbH, and SRG Global. Some of the key raw material suppliers for automotive active aerodynamics include BASF SE, Celanese Corporation, and Lanxess AG.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of BMI Prepreg. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through the reports:

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