Automotive Start-Stop System Market Size, Share & Industry Analysis, By Component Type (Engine Control Unit, 12V DC Converter, Battery, Neutral Position Sensor, Wheel Speed Sensor, Crankshaft Sensor, and Alternator). By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecast, 2019-2032

The global automotive start-stop system market size was valued at USD 20.09 billion in 2018 and is projected to reach USD 91.8 billion by 2032, exhibiting a CAGR of 12.4% during the forecast period. The market growth is attributed to factors such as, increasing fuel efficiency demands, environmental concerns, stringent emissions regulations, and the growing adoption of hybrid and electric vehicles globally.

Automotive air pollution is one of the most significant problems globally, especially in developing countries. During heavy traffic, a vehicle consumes a large amount of fuel idling when it is stopped. Unnecessary idling causes emissions of nitrogen oxide, carbon monoxide, carbon dioxide, and particulate matter, which cause health issues to the human body. Governments across the globe have imposed stringent emission norms on automotive manufacturers to produce vehicles that cause fewer emissions. Key manufacturers have heavily invested in R&D to develop lightweight vehicles equipped with advanced components such as a start-stop system that help to curb emissions. The start-stop system automatically shuts down and restarts the IC engine of the vehicle to cut the amount of time; the engine spends idling. The start-stop system helps to curb fuel consumption and emissions; by using this system, CO2 emissions can be reduced by 4-8%.

MARKET TRENDS

Penetration of Start-stop Systems in Developing Countries and the Adoption of Innovative Technologies

Rising fuel prices have led to increased penetration of fuel-saving technologies in the automotive market chiefly driven by measures to curb pollution and save fuel in emerging economies. For example, Honda has provided this technology on its two-wheelers, which accounts for a large saving of fuel. Furthermore, manufacturers have invested heavily to eliminate any delay in power to the vehicle and provide seamless operation of the vehicle. For example, the development of a start-stop coasting function which can stop the engine when the car is traveling at speed, enabling fuel savings of as much as 10 percent in conventional vehicles. In more powerful engines with even greater displacement, the fuel-saving is even greater.

MARKET DRIVERS

Stringent Emission Norms Imposed By Governments Is Expected To Drive The Growth

Vehicle emission has caused a considerable impact on humans and the environment; therefore, governing bodies across the globe have imposed stringent emission norms on automotive manufacturers. This factor, in turn, has forced automotive manufacturers to produce vehicles that are equipped with a start-stop system, light in weight, and cause less emission. Governments in various countries are looking forward to introducing new strategies such as tax exemptions; to attract consumers to purchase hybrid vehicles and vehicles equipped with advanced components that help to curb the emission.

 Increasing Demand For Fuel Efficient Vehicles Is Expected To Drive The Market Over The Forecast Period

The growing inclination of consumers towards fuel-efficient vehicles owing to rising fuel prices is one of the significant factors driving the automotive start-stop system market. Continuously rising fuel prices have made it difficult for consumers to afford conventional fuels for their vehicles. Continuous fuel prices have fuelled the demand for fuel-efficient vehicles globally; this, in turn, has forced the manufacturers to produce vehicles that are equipped with a start-stop system and are light in weight to achieve higher fuel efficiency. 

MARKET RESTRAINT

Excessive Start-stop Cycles, Inoperability Under Certain Conditions and Optional Use is Likely to Restraint the Growth of the Market

Hybrid/Electric cars do not experience any delay in power from the engine stop. However, conventional fuel vehicles mostly experience slight delays, which can hinder driving capability in stop and go traffic conditions and lead to excessive start-stop cycles. Additionally, larger batteries and starters are required to deal with the extra wear & tear caused by the system, which further increases the load on the vehicle. Furthermore, the sudden forward lurch of a car in an automatic restart instead of the steady creeping forward can lead to hazards in heavy traffic conditions. In several vehicles, the system activates only under optimal conditions. For example, the VW system does not kick in if the AC is operating on a high setting or if the engine is cold, as it can cause the cabin to become uncomfortable. These factors are likely to restrain the growth of this market.

SEGMENTATION

By Component Analysis

Wheel Speed Sensor Is Estimated To Dominate The Market Over The Forecast Period

By component type, the automotive start-stop system market is segmented into the engine control unit (ECU), 12V DC Converter, battery, neutral position sensor, crankshaft sensor, wheel speed sensor, and alternator. The wheel speed sensor segment is anticipated to dominate the market over the forecast period. Government regulations to mandate the use of the anti-lock braking systems in vehicles is leading to the growth of the market in this segment. Increasing consumer awareness concerning safety features and increasing implementation of anti-lock braking system (ABS), particularly in developing countries, is fueling the automotive start-stop system market growth in this segment. The battery segment is expected to show considerable growth in this market, owing to increasing vehicle electrification and increased R&D to improve the service life of lithium-ion batteries. The alternator segment is expected to show good growth in this market owing to its vital role in transmitting electricity to the battery and hence supplying power to the electrical parts of the vehicle. The ECU segment is also anticipated to show good growth in this market over the forecast period. Electronic control units aid in weight reduction and saving space, which leads to reduced fuel consumption, which is likely to propel increased innovation in this segment. The 12V DC converter segment is anticipated to show steady growth in this market owing to a critical role in converting a 48V/24V power supply to a  12V supply and ensuring the safe operation of electrical systems in the vehicle. The crankshaft sensor and neutral position sensor segments are projected to show steady growth in this market as a result of increased demand for reduced CO2 emissions without affecting the everyday operation of the vehicle.

By Vehicle Type Analysis

Passenger Car Segment is Likely to Experience Significant Growth during the Forecast Period

Based on the vehicle type, the market is segmented into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The passenger car segment is expected to dominate the market over the forecast period. The rise in passenger car production & sale, particularly in emerging economies and increasing disposable income, is primarily driving the growth of this segment. The (LCV) segment is projected to show good growth in this market owing to a surge in the popularity of crossover vehicles and a greater necessity for fuel efficiency in intra-city driving. The HCV segment is anticipated to show steady growth in this market.

REGIONAL ANALYSIS

By region, further, the market has been segmented into Europe, North America, Asia-Pacific, and the Rest of the World. Europe is expected to dominate the market over the forecast period. Stringent government norms to control greenhouse gas emissions have led to the highest adoption rate of electric vehicles. Furthermore, government subsidies for EVs and higher disposable income in this region have boosted vehicle electrification despite current costs involved with electric cars. Hence, these factors are fueling the market growth in Europe. Asia Pacific is the second-largest market for this technology. There has been an increased focus on reducing fuel consumption in countries such as China and India, owing to rising passenger car production. The adoption of hybrid vehicles is particularly high in countries such as Japan and South Korea, which utilize this technology more effectively compared to conventional vehicles. These factors are propelling the market growth of start-stop systems in the Asia Pacific. North America is expected to show steady growth in the automotive start-stop system market over the forecast period as a result of the early adoption of technological advancements by automotive manufacturers and increasing awareness among fleet owners aiming to operate more environment-friendly vehicles.

KEY INDUSTRY PLAYERS

BorgWarner Inc. is the Dominant player in the Start-Stop System Market.

BorgWarner Inc. is the dominant player in this market. BorgWarner has provided continuous innovation in this market with partnerships with companies such as GM to develop products that provide a seamless driving experience. Hence, presence in key countries, strategic acquisitions, and partnerships with key OEMs have led to the dominant position of BorgWarner Inc. in the Start-Stop System market. Furthermore, the rapid expansion of other manufacturers such as Robert Bosch GmbH, Continental AG, among others in this market, has led to intense competition and increased focus on research and development of this technology.

LIST OF KEY COMPANIES PROFILED:

• Continental AG


• Denso Corporation


• Delphi Technologies PLC


• Robert Bosch GmbH


• BorgWarner Inc.


• Hitachi Ltd.

KEY INDUSTRY DEVELOPMENTS:

• March 2019: BorgWarner Inc. introduced its next generation of cam torque actuators – intelligent cam torque actuation (iCTA), which delivers better fuel economy and reduced emissions with its innovative technology. iCTA blends the best attributes of cam torque actuation (CTA) and torsional assist phaser technologies.


• December 2018: Denso Corporation and Aisin Seiki Co., Ltd. agreed to form a new company (BluE Nexus) to develop & sell driving modules for EVs. This company will combine Aisin and Denso's electrification knowledge to produce driving modules across a wide range and sell them to auto manufacturers in Japan and across the world.

REPORT COVERAGE

The automotive start-stop system market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, Component Types, and leading applications of the product. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation