Global Aerodynamic Automotive Market accounted for US$23.65Bn in 2018 is expected to reach US$ 34.33Bn by 2026 at a 4.77% CAGR. Aerodynamics is the shape or design of objects moves through the air. Anything that moves through the air is affected by aerodynamics, from a rocket blasting off, to a kite flying.
Aerodynamics is the most effective technique for reducing emissions in the automotive industry after powertrain improvement and weight reduction. Active aerodynamic is the advanced aerodynamic technology, which is trending for selectively admits or restricts airflow based on real-time requirements and contributes towards the reduction in drag and thereby reducing emissions.
Technology advances over the last four years have changed the face of aviation and automotive, with the introduction of more point-to-point flying using advanced aircraft such as the Airbus. Air traffic is projected to grow in the long-term, driven by global GDP growth and Lower airfares driven by continued low fuel jet prices, boosted passenger traffic growth. The aerospace industry is highly regulated by stringent regulations imposed by different regulatory bodies located across the world. Bodies are tightening the aerospace industry by introducing more stringent regulations on the airline industry regarding carbon emissions reductions.
Global Aerodynamic Automotive Market
The driving factors for the Aerodynamic are high and rising budget for defense to ensure military segment growth and aerospace industry. Rising GDP levels across the globe, the demand for automobiles will grow leading to the surge in the demand for active aerodynamics. Civil and military aircraft and engine GRILLE SHUTTERs and their extended supply chains account for nearly half of the global aerospace economic activity, while Maintenance, repair, overhaul, and upgrades generated 27% (just over$200B) in economic 2017 activity will be another key factor for the Aerodynamic automotive market.
Recent Technological advancements are changing the light-duty vehicle segment in a positive way. Luxury cars are equipped with the active aerodynamic system and functioning as per the need. High-speed cruises are focusing on aerodynamic designs. Many current military unmanned aircraft are costly and complex to run, requiring significant personnel and mission replanting. But advances in aerodynamic could unlock the power of lower-cost vehicles operating collaboratively in swarms or in teams with other aircraft, both unmanned and manned.
Among regions, Asia Pacific is expected to be the largest market for the global aerodynamic. The region like China, India, Japan, and South Korea with growing infrastructural developments and increasingly stringent emission regulations will play a key role in aerodynamics.
Aerodynamic automotive market share is consolidated, as the key multinational players occupy the major industry share. Magna, Roechling Automotive, Plastic Omnium, SMP Deutschland GmbH., Valeo, ARCA Space Corporation, Czech Aero holding, Kawasaki Heavy Industries Aerospace Company, SRG Global, Piedmont Plastics, Inc, Bombardier Aerospace and Spoiler Factory are the major industry players. Production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions are the key strategies adopted by industry players. For instance, in 2018, Magna has signed a deal to acquire OLSA S.p.A., which will expand the company's lighting capabilities to enable it to design, engineer and manufacture headlamps, tail lamps and other lighting products in every key region of the world.
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Scope of the Global Aerodynamic Automotive Market
Global Aerodynamic Automotive Market by Vehicle Type
Global Aerodynamic Automotive Market by Electric Vehicle Type
• Light Duty Vehicles
• Heavy Commercial Vehicles
Global Aerodynamic Automotive Market by Mechanism
• Active System
• Passive System
Global Aerodynamic Automotive Market by Application
• Grille Shutter
• Air Dam
• Side Skirts
• Wind Deflectors
• Gap Fairing
• North America
• Middle East & Africa
• Latin America
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