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(I-AutoNewsWire.com, February 05, 2019 ) Stratview Research announces the addition of a new market research report on Automotive Active Aerodynamics Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Component Type (Active Grille Shutter, Active Spoiler, Active Rear Wing, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
The Global Automotive Active Aerodynamics Market: Highlights The automotive industry is very keen to adopt technologies that can reduce carbon emission levels and meet or exceed emission norms imposed by different regulatory authorities of various countries. Aerodynamics is the third 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 towards the reduction in drag and thereby reducing emissions.
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The auto industry has efficaciously been ushering in a new era of aerodynamic vehicles with a meticulous investment into advanced components that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating active components in their most-renowned vehicle models with the purpose to improve the overall fuel efficiency of vehicles in order to address stringent government regulations, such as CAFE Standards and EU Commission on Carbon Emissions Reduction Targets.
The global automotive active aerodynamics market is likely to grow at an impressive double-digit over the next five years to reach US$ 1,113.5 million in 2023. Increasing vehicle production coupled with an increasing penetration of active aerodynamic components in newer vehicles, a rise in demand for improved aerodynamics in vehicles, and the implementation of stringent emission norms for reducing carbon emissions in the automotive industry are the major growth drivers of the automotive active aerodynamics market.
The global automotive active aerodynamics market is segmented based on vehicle type as Passenger Car, LCV, and M&HCV. The passenger car is expected to remain the growth engine of the global automotive active aerodynamics market during the forecast period. An increased dependency on active aerodynamic components to achieve better fuel efficiency and to reduce carbon emissions in cars is primarily driving the segment’s market over the next five years.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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