Press release
Automotive Aerodynamic Market Size Forecasted To Achieve $36.95 Billion By 2029 With Steady Growth
Automotive Aerodynamic Market Size
What Is the Automotive Aerodynamic Market Size and Projected Growth Rate?
The automotive aerodynamic market has expanded consistently, with expectations to rise from $28.26 billion in 2024 to $29.9 billion in 2025 at a CAGR of 5.8%. Drivers include emissions regulations, globalization, growing environmental concerns, hybrid vehicle development, demand for better performance, and luxury vehicle sales.
The automotive aerodynamic market is predicted to grow to $36.95 billion in 2029 at a CAGR of 5.4%, due to higher automobile demand, EV popularity, R&D investments, rising fuel costs, and urbanization. Trends include tech advancements, CFD usage, lightweight materials, EV aerodynamic design, and efficient wheels and tires.
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What Are the Major Segments in the Automotive Aerodynamic Market?
The automotive aerodynamic market covered in this report is segmented -
1) By Component: Services, Software
2) By Mechanism: Active System, Passive System
3) By Electric Vehicles: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
4) By Vehicle: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
5) By Application: Air Dam, Diffuser, Gap Fairing, Grille Shutter, Side Skirts, Spoiler, Wind Deflector, Other Applications
Subsegments:
1) By Services: Aerodynamic Testing Services, Consulting And Engineering Services, Prototyping And Design Optimization, Aerodynamic Analysis And Performance Evaluation, Post-Testing Modifications And Adjustments
2) By Software: Computational Fluid Dynamics (CFD) Software, Vehicle Aerodynamics Simulation Software, Design Optimization Software, 3d Modeling And Visualization Tools, Aerodynamic Performance Evaluation Software
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What Are The Driving Automotive Aerodynamic Market Evolution?
The growing demand for electric vehicles (EVs) is anticipated to drive the growth of the automotive aerodynamics market. EVs use electric motors powered by stored electricity instead of internal combustion engines. The demand for EVs is increasing due to environmental awareness, government incentives, advancements in battery technology, and efforts to improve urban air quality. Automotive aerodynamics improve EV efficiency by reducing drag, optimizing stability at high speeds, and enhancing battery range. The International Energy Agency reported in March 2023 that global EV sales surpassed 10 million units by 2022, making up 14% of all new car sales, up from 9% in 2021.
Which Firms Dominate The Automotive Aerodynamic Market Segments?
Major companies operating in the automotive aerodynamic market are Volvo Truck, Continental AG, Magna International Inc., 3M Company, Valeo SA, Plastic Omnium SA, Flex-N-Gate Corporation, Hella GmbH & Co. KGaA, Toyoda Gosei Co Ltd., Rehau Group, Röchling Group, Johnson Electric, Autoneum Holding AG, Ariel Limited, Torch Technologies Inc., Sonceboz, Scribd, SimScale, HBPO GmbH, Polytec Holding AG, Batz S Coop, Vectoflow GmbH, Dynamon
What Trends Are Driving Growth in The Automotive Aerodynamic Market?
Companies in the automotive aerodynamics market are focused on developing technologies like aerodynamic drag-reducing systems to improve fuel efficiency and reduce carbon emissions. These systems optimize airflow around vehicles to reduce resistance. In January 2024, Hyundai Motor Company launched active air skirt technology that adjusts flaps to improve aerodynamics, enhancing fuel efficiency and vehicle performance.
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Which Is The Largest Region In The Automotive Aerodynamic Market?
Asia-Pacific was the largest region in the automotive aerodynamic market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive aerodynamic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Aerodynamic Market?
2. What is the CAGR expected in the Automotive Aerodynamic Market?
3. What Are the Key Innovations Transforming the Automotive Aerodynamic Industry?
4. Which Region Is Leading the Automotive Aerodynamic Market?
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