Automotive Active Aerodynamics Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

Summary:
The report on the Automotive Active Aerodynamics Market has been launched in May,2018 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.

Click here for Report Description:
https://www.stratviewresearch.com/330/Automotive-Active-Aerodynamics-Market.html
Or
Request for a free sample here:
https://www.stratviewresearch.com/Request-Sample/330/Automotive-Active-Aerodynamics-Market.html

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Active Aerodynamics Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle
• By Component Type: Active Grille Shutter, Active Spoiler, Active Rear Wing, Others
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/330/Automotive-Active-Aerodynamics-Market.html

Highlights of the Report:

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.

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.

Key Players of the Market

The market is consolidated in nature with five major players Batz, S. Coop., HBPO GmbH, Magna International Inc., Rochling Group, SRG Global Inc. holding together the major share in the market, with Batz, S. Coop. being the key player.
Other important firms are Shape Corporation, Starlite Co. Ltd., Valeo SA

Features of the Report

The Report discusses about the working of the active aerodynamics, the various types, and the growth of the active aerodynamics in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

Know more about us and our reports:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.

This release was published on openPR.