About Automotive Active Aerodynamic Systems
The global automotive industry is highly competitive, and due to the nature of the competition, product life cycle, and consumer demand, it is subject to industry cyclicality. One of the key factors defining the industry dynamics is cost management which is leading companies to relocate their production centers from developed to developing regions. During the 2008-2009 global financial crisis and 2013 Euro zone crisis, the industry experienced a considerable decline in demand; however, the market slowly stabilized primarily due to the relative economic stability in developing nations. The exhibit below depicts the GDP performance of the top economies over 2012-2015.
Technavio’s analysts forecast the global automotive active aerodynamic systems market to grow at a CAGR of 10.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive active aerodynamic systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive active aerodynamic systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Active Aerodynamics Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive active aerodynamic systems market: General Motors, Ford Motor company, Porsche, and Magna International
Other Prominent Vendors in the market are: Pagani Automobili, Koenigsegg Automotive, BUGATTI AUTOMOBILES, and BMW
Commenting on the report, an analyst from Technavio’s team said: “The active aerodynamics system plays an important role in reducing emissions from modern vehicles. For instance, the open and shut technology helps in optimizing airflow to the cooling system and engine compartment. The technology is used to open vents to allow air into the cooling system and engine compartment when there is need to cool the engine compartment. The vents are closed otherwise. This mechanism contributes significantly to the reduction of drag. Initially, the vents were operated only in two ways: open and shut. However, the modern active grille system has different operational modes depending on the instructions received from an engine control unit. For instance, the modern active grille system keeps the vents closed wile starting from the cold stage. This allows the engine to reach the most efficient operating temperature within a short span of time. Thus, vehicles with the active grille system consume less fuel than vehicles without the active grille system. Ford and Chevrolet are continuously increasing the number of models in which this technology is available, and other automotive OEMs are focused on the adoption of this system.”
According to the report, reducing automotive emission and fuel consumption is the main objective behind setting tougher emission norms. As the automotive active aerodynamics system reduces emissions and increases fuel efficiency, the automotive active aerodynamics system market is driven by the implementation of such emission norms.
Further, the report states that the automotive active aerodynamics system saw adoption in high-end sports cars and is witnessing adoption in everyday sedans through automotive OEMs like GM and Ford. For instance, Chevrolet Cruze has shutters in the lower front grille that close at highway speeds. However, the installation of the active aerodynamics system increases the weight and complexity of vehicles. The weight increases due to the presence of electric motor, and the complexity increases due to the need for the automatic adjustment of shutters. In addition, higher efficiency standards set by authorities across the world are making it difficult for automotive OEMs to develop active aerodynamics systems that are efficient and lightweight. However, GM is working on a technology that would enable the use of lightweight metal used in the aerospace industry in the automotive industry.
General Motors, Ford Motor company, Porsche, Magna International, Pagani Automobili, Koenigsegg Automotive, BUGATTI AUTOMOBILES, BMW.
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