Automotive Start-Stop System Market to Rise at 12.4% CAGR till 2026

The global automotive start stop systems market size is projected to reach USD 50.88 billion by the end of 2026. The increasing demand for low-fuel consuming and high efficiency products will aid market growth. According to a report published by Fortune Business Insights, titled "Automotive Start-Stop System Market Size, Share, and Global Trend By Component Type (Engine Control Unit, 12V DC Converter, Battery, Neutral Position Sensor, Wheel Speed Sensor, Crankshaft Sensor, and Alternator). By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Geography Forecast till 2026," the market was worth USD 20.09 billion in 2018 and will exhibit a CAGR of 12.4% during the forecast period, 2019-2026.

An automotive start-stop system is a system that is used for detecting the condition of a vehicle during traffic signals and other start points. The high investment in the integration of advanced modern systems in automobiles has opened up a huge potential for the companies operating in the market.

The growing awareness regarding excess fuel consumption and the effects of global warming have led to the widespread use of automotive start-stop systems. The increasing investment in the adoption of these products by large scale automobile vendors will have a direct impact on the growth of the market in the coming years. Stringent government regulations have also played a major role in the development of these products in recent years.

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List of leading companies that are currently operating in the automotive start-stop system market include:

Continental AG
Denso Corporation
Delphi Technologies PLC
Robert Bosch GmbH
BorgWarner Inc.
Hitachi Ltd.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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Increasing Number of Product Launches Will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market. In March 2019, Borg Warner announced the launch of its next generation of cam-torque actuators. The product is set to witness a huge demand in the coming years, owing to exceptional properties as well as massive global consumer reach of the company. Bor Warner's latest range of actuators will not only help the company grow, but will have a direct impact on the growth of the market in the coming years.

Europe Currently Dominates the Global Market; Stringent Government Regulations to Aid Growth

The report analyzes the ongoing automotive start-stop systems market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Europe held the largest market share in 2018. The stringent government rules and regulations imposed on the emission of greenhouse gases have had a direct impact on the growth of the market in this region. Besides Europe, the market in Asia Pacific will witness considerable CAGR in the coming years, driven by the massive adoption of automobile and electric vehicles in this region. As of 2018, the market in Asia Pacific was worth USD 6.27 billion and this value is projected to increase further in the coming years.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Merger, Acquisitions, and Partnerships
Distributor Analysis - For Major Players
Growth and Penetration Analysis
Porter's Five Forces Analysis
PEST Analysis
Vendor Landscape
Global Automotive Start-Stop System Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Market Analysis, Insights and Forecast - By Component Type
Engine Control Unit
12V DC Converter
Battery
Neutral Position Sensor
Wheel Speed Sensor
Crankshaft Sensor
Alternator
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia pacific
Rest of the World
TOC Continued...!

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This release was published on openPR.