Automotive Aerodynamics Market Size, Share, and COVID-19 Impact Analysis, By Application (Diffusers, Side Skirts, Spoilers, Wind Deflectors, Grille Shutter, Air Dam, and Others), By System (Active System and Passive System), By Vehicle Type (Passenger Vehicles and Commercial Vehicles) and Regional Forecast, 2024-2032

Automotive aerodynamics studies air flows around and through the vehicle body. Aerodynamics in automotive plays a crucial role as it assists in vehicles' efficient operation on the road. The optimum design of the aerodynamics component helps reduce drag and wind noise, thus minimizing the noise emission, preventing undesired lift force, and helping achieve greater aerodynamic stability. Aerodynamics helps vehicles to move at high speed by minimizing drag and instability, thus providing greater fuel efficiency.

Automotive aerodynamics market plays a vital role in the operation of a vehicle as it helps achieve greater fuel efficiency due to reduced drag and power losses, while ensuring a cleaner environment by contributing toward lesser carbon emission. Manufacturers use lightweight materials such as aluminum and polymer composite to build the aerodynamic components, which helps reduce the vehicle's weight and provides better fuel efficiency. The growing global demand for automobiles and stricter environmental norms will aid the overall growth of the automotive aerodynamics market.

The growing awareness of environmental concerns is slowly shifting customers to a greener alternative, such as, electric vehicles. The adoption of electric vehicles will fuel the demand for the aerodynamic market. Additionally, OEMs are increasingly investing in R&D to innovate effective aerodynamic designs to increase automotive efficiency.

Impact of COVID-19 on the Automotive Aerodynamics Market

The growth of the automotive aerodynamics market is directly proportional to the growth of the overall automotive market. The world's leading economies were buffeted by lockdown and supply chain bottlenecks as COVID-19 entered market at the beginning of 2020. The production of passenger cars is a significant role played by China and Japan, with both countries having to reduce their output substantially. Consumer’s negative sentiment resulted in a significant decline in global passenger car sales.

New vehicle production was also affected by the closure of manufacturing facilities and a workforce shortage due to stricter social distancing rules. A slowdown in the supply chain affected businesses were forced to acquire sufficient raw materials to meet their production needs. At the same time, inflation was significantly increasing the production costs.

However, as vaccination efforts increased and restrictions eased, the automotive industry started to recover. Car sales rebounded in many regions, and manufacturers resumed production at pre-pandemic levels. As the industry returned to normalcy, investments in technology and innovation, including aerodynamics research, were expected to reoccur.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on the Automotive Aerodynamics Market

Analysis by System

The active system aerodynamics is expected to be fastest-growing segment. This is due to its sophisticated system that enhances fuel efficiency and improves the vehicle's aesthetic appearance. The increasing adoption of active systems in mid-priced cars to cater to consumer needs will lower the cost of active systems. Moreover, stricter fuel efficiency and emission regulations have driven automakers to explore innovative ways to improve the aerodynamic efficiency of their vehicles. Active aerodynamics systems offer an effective solution to reduce drag and enhance fuel efficiency, helping automakers meet regulatory requirements.

Analysis by Vehicle Type

Passenger vehicles are anticipated to grow faster over the Forecast period. The primary factor driving the horizon of aerodynamics is the increasing demand for faster and more sophisticated vehicles. Besides the rising demand for high-speed vehicles, people opt for lightweight vehicles offering better mileage. Additionally, the requirement for more excellent stability of cars on the road is also boosting the aerodynamic market.

Regional Analysis

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Asia Pacific is predicted to lead the automotive aerodynamics market over the forecast period. The growth of the entire automotive industry is positively correlated with the market for aerodynamics. With growing consumer preference for owning a car and increasing penetration of the industry and its related services, the region is experiencing an attractive demand for passenger cars and commercial vehicles. Multiple presences of OEMs in China and Japan, ease of labor availability, and growing urbanization are poised to create a significant demand for passenger vehicles in the region.

The increasing inclination of consumers for high-speed cars, which require sophisticated aerodynamic structures, is also predicted to fuel the automotive aerodynamics market. Additionally, Asia Pacific's market growth is optimistic as OEMs are continuously investing heavily in R&D to develop more fuel-efficient vehicles, which will help boost the automotive aerodynamics market.

Key Players Covered

The report includes the profiles of key players such as Magna International Inc., Plastic Omnium, SMP, Valeo, SRG Global, Polytec Holding AG, Plasman, INOAC Corporation, Rehau Group, SDN BHD, HBPO GmbH, Spoiler Factory, and Airflow Deflector.

Segmentation

Key Industry Developments

• In June 2023, Ford, the well-known automotive manufacturer, made significant progress in aerodynamic research and development by unveiling its latest innovation, the cutting-edge Rolling Road Wind Tunnel (RRWT). This state-of-the-art wind tunnel is purpose-built to enhance the efficiency and performance of Ford's upcoming lineup of electric, hybrid, and gasoline-powered vehicles.


• In February 2021, Magna International Inc. unveiled their new active aerodynamic system called Smart Access Active Aero, which includes a motorized grille, air shutter, and front fascia which can automatically open or close to optimize aerodynamic performance.