Allied Market Research

2024

Aerodynamic Market

Aerodynamic Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Mechanism and by Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

AT : Electric and Hybrid Vehicles

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Author's: | Lalit Janardhan Katare
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Aerodynamic Market Outlook – 2027

The aerodynamic is a study that is associated with moving objects through air and a force, which is developed by relative motion between the surface of the body and air. Anything that moves through the air is affected by aerodynamics, from a rocket blasting off to a kite flying. Automobiles with aerodynamic feature run faster, as the air passes over the vehicle more easily, it uses less fuel as compared to other vehicles.

Aerodynamic Market

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 selectively admits or restricts airflow based on real-time requirements and contributes toward the reduction in drag, thereby reducing emissions.  The air traffic is projected to grow in the long term, driven by global gross domestic product (GDP) growth and lower airfares driven by continued low fuel jet prices. Thus, increase in passenger traffic growth is expected to boost the market growth during the forecast period.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Application, EV Type, Mechanism, and Vehicle Type

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies covered

SRG Global, Valeo, Röchling, Magna International Inc., Compagnie Plastic Omnium SA, SMP Deutschland GmbH, POLYTEC HOLDING AG, A.P. PLASMAN., INOAC CORPORATION, Johnson Electric Holdings Limited, and Rehau Group

 

COVID-19 scenario analysis

  • There was a sharp spike in the number of confirmed COVID-19 cases and the number of countries affected by the outbreak, thus, the industry has witnessed an increasing number of flight cancellations and aircraft groundings.
  • This has been followed by official travel bans, visas cancellations, and border closures, as several countries have declared stringent measures, including closures of schools, universities, and public areas.
  • All the previous assessments concerning airport traffic and revenues are now substantially outdated with a rapidly evolving market situation, which may change the future projects of the companies.
  • In commercial aviation, companies are experiencing a disruption in production and slowing demand as workers go home, passengers stop traveling, and customers defer delivery of new aircraft.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Some of the factors that boost the growth of the global market include implementation of stringent regulations imposed on vehicle noise limits and increase in fuel efficiency of vehicles. However, high integration costs deficient testing mechanisms are anticipated to hamper the growth of the market. On the contrary, developing active aerodynamic systems for economic vehicles are expected to offer lucrative opportunities for the market during the forecast period.

The aerodynamic market trends are as follows:

Strict regulations imposed on vehicle noise limits

The aerodynamic sources are important for both vehicle interior and exterior noise. Noise can be controlled by using pneumatic silencers, quiet fan technology, and quiet air nozzles from aerodynamic sources. Noise is an immense ecological problem that endangers human health. It increases blood pressure and results in disorders of the nervous, digestive, and cardiovascular system. Hence, to promote better health, the European Parliament and the Council of Europe proposed new noise limits for road vehicles by adopting new noise testing methods. Thus, stringent regulations are been imposed on vehicle noise limits, which are expected to boost the aerodynamic market in the forecasting period.

Increasing fuel-efficiency of vehicles

The aerodynamic lift process helps in a weight reduction of the vehicle and also reduces fuel consumption. By using aerodynamic components such as gap fairings, side skirts, and wind deflectors, the fuel consumption in vehicles ca be lowered. In addition, automotive manufacturers are focusing on using lightweight materials such as magnesium, aluminum, and polymer matrix composites (PMCs) for the manufacturing of these components, which help in vehicle weight reduction and increases fuel efficiency. Thus, increase in the fuel efficiency of vehicles is anticipated to drive the market growth during the forecast period.

Key segments covered

Segments

Subsegments

  Application

  • Grille Shutter
  • Spoiler
  • Air Dam
  • Side Skirts
  • Diffuser
  • Wind Deflectors
  • Gap Fairing

  EV Type

  • BEV
  • HEV

  Mechanism

  • Active System
  • Passive System

  Vehicle Type

  • Light-Duty Vehicles
  • Heavy Commercial Vehicles

Key benefits of the report

  • This study presents the analytical depiction of the aerodynamic market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the aerodynamic market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the aerodynamic market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the aerodynamic market research report:

  • Which are the leading players active in the aerodynamic market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Aerodynamic Market Report Highlights

Aspects Details
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By Application
  • Grille Shutter
  • Spoiler
  • Air Dam
  • Side Skirt
  • Diffuser
  • Wind Deflectors
  • Others
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By Mechanism
  • Active System
  • Passive System
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By Vehicle Type
  • Passenger Vehicles
  • Commercial Vehicles
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

SMP Deutschland GmbH, POLYTEC HOLDING AG, Compagnie Plastic Omnium SA, Rehau Group, A.P. PLASMAN., SRG Global, Röchling, Magna International Inc., INOAC CORPORATION, Johnson Electric Holdings Limited, Valeo

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Aerodynamic Market

Global Opportunity Analysis and Industry Forecast, 2023-2032