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(I-AutoNewsWire.com, December 15, 2018 ) Passive aerodynamic applications have become increasingly important in today’s vehicles. This is because these systems are significant contributors to reduction in fuel consumption in the ICE vehicles and reduction in battery usage in EVs. Thisis achieved by reducing the drag force on the vehicle. Sometimes such systems are also installed to improve the aesthetic appeal of the vehicle.
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The aerodynamic market for automotive is projected to grow at a CAGR of 4.77% from 2018 to 2025. The market is estimated to be USD 23.65 billion in 2018 and is projected to reach USD 32.77 billion by 2025. The key growth drivers of this market are the flourishing demand for faster and sophisticated vehicles, better mileage, weight reduction, and increased stability of the vehicles.
Key Target Audience • Original equipment manufacturers (OEMs) of automobiles • Manufacturers of automotive aerodynamic parts • Material providers for automotive aerodynamic parts • Automotive Parts Manufacturers’ Association (APMA) • Chemicals and plastic manufacturers • Suppliers of automotive Computational Fluid Dynamics (CFD)
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Aerodynamic application mechanisms, especially passive aerodynamic systems have become an integral part of light-duty vehicles. While they are primarily incorporated for reduction in fuel consumption and visual appeal, some LDV manufacturers also have them in their models to stay competitive in the market.
Active aerodynamic system segment is projected to have the highest growth rate, by value, in the aerodynamic market for automotive by 2025. This is because this is an advanced offering that guarantees higher fuel economy as well as better aesthetics. The price of these systems is currently high but is bound to decrease in the next 5-8 years, with their increasing adoption of mid-priced and economy LDVs as well as luxury HCVs.
More information on “Aerodynamic Market for Automotive by Application, by EV Type (BEV and HEV), Mechanism (Active System and Passive System), Vehicle Type (Light Duty Vehicles and Heavy Commercial Vehicles), and Region (APAC, Europe, North America) - Global Forecast to 2025” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1608626 .
Automotive aerodynamic market is thus expected to the highest for the BEV segment. The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for the purpose of data triangulation. The study involves the country-level OEM and model-wise analysis of the aerodynamic market for automotive. This analysis involves historical trends as well as existing market penetrations by country as well as vehicle class. The analysis is projected based on various factors such as growth trends in vehicle production and adoption rate by OEMs.
Sales of BEV segment is expected to grow at a brisk speed by 2025 because of the depleting fuel resources around world and the push from OEMs to promote their EV models to cater to the emission standards.
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Source: EmailWire.Com
Source: EmailWire.com
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