Automotive Aquaplaning Solution Market to grow at a CAGR of 37.64% through 2030
Increased government focus on road safety and adoption of
aquaplaning solutions in sports cars are expected to drive the demand for
global automotive aquaplaning solution market growth in the forecast period,
2023-2030.
According
to TechSci Research report, “Automotive Aquaplaning
Solution Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2030”,
the global automotive aquaplaning solution market is anticipated to grow at an
impressive CAGR of 37.64% in the forecast period, 2026-2030. The market is
driven by the surge in road safety concerns and vehicle stability among the
consumers and the expected future adoption of aquaplaning solutions across all
the vehicle types to increase driver and passenger safety. According to World
Health Organization (WHO), 3,700 people die every day at the global level, and
1.35 million people are killed every year. The high number of road accidents
worldwide makes consumers more concerned about road safety. Consumers are
actively buying automobiles equipped with advanced road safety solutions such
as automatic braking systems, front collision warning, rear cross-traffic
assistance, and aquaplaning solutions. The aquaplaning solutions have proven
effective at testing in passenger vehicles and sports cars. And in the coming
years, they could be adopted in all the vehicle segments, including the
two-wheeled vehicles that are most prone to skidding while driving on the wet
roads and surfaces.
Market
players invest significant amount in research and development activities and
find novel, technologically advanced solutions to improve the performance of
aquaplaning solutions. The advent of technologies like running dry traction
system technology and developing a virtual sensor that can help the vehicles
drive over ice and snow are attracting customers to invest in vehicles
supporting aquaplaning solution technology. Also, the addition of an advanced
driver assistance system (ADAS) to improve the safety of vehicles is expected
to influence the market demand. These systems are generally used in autonomous
vehicles to ensure road safety in all road conditions. Market players are working
on a solution to make the ADAS system solve the problem of aquaplaning in
vehicles.
However,
the rise in the price of the vehicle and availability of alternate solutions
such as tire tread in vehicles may hinder the growth of the global aquaplaning
solutions market in the forecast period.
Browse over 3 market data Figures spread through 72
Pages and an in-depth TOC on "Global Automotive Aquaplaning
Solution Market"
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The
global automotive aquaplaning solution market is segmented into type, regional
distribution, and competitive landscape. Based on type, the market is
divided into ICE vehicles, electric vehicles, and autonomous vehicles. ICE
vehicles are expected to dominate and grow at a CAGR of 27.54% to reach 16.26
thousand units by 2030. The majority of the vehicles in the market run on conventional
fuel. And the market players are launching better versions of the automobiles
equipped with advanced technologies and safety features which is expected to
create lucrative growth opportunities for the market in the forecast period.
Major
market players operating in the global automotive aquaplaning solution market
are:
- EasyRain i.S.p.A.
- Robert Bosch GmbH
- Italdesign Giugiaro S.p.A.
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“The European region is expected to hold
the largest market share and witness a CAGR of 31.86% in the forecast period,
2026-2030. The high demand for aquaplaning solutions from France, Germany,
Italy, and Spain influences market demand. Favorable government initiatives to
support the development and adoption of electric vehicles and the growing
popularity of autonomous vehicles are accelerating the demand for aquaplaning
solutions in the region. Also, the high-end investments by private and public market
players owing to the technological advancements and product innovations and the
high sales and production of vehicles in the country are expected to propel the
growth of the global automotive aquaplaning solution market till 2027” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Automotive Aquaplaning
Solution Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2030, Segmented By Vehicle
Type (By ICE Vehicles (Excluding Autonomous), By Electric Vehicles (Excluding
Autonomous), By Autonomous Vehicles), and By Region”, has evaluated the future
growth potential of global automotive aquaplaning solution market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global automotive aquaplaning solution market.
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