Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 27 billion

CAGR (2023-2028)

8.7%

Fastest Growing Segment

Light Duty Vehicle

Largest Market

North America

 

Market Overview

Global Automotive Aerodynamic Market has valued at USD 27 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.7% through 2028. Automotive aerodynamics is the most effective technique for decreasing the emissions in the automotive sector after weight reduction and powertrain improvement. Active aerodynamics is the advanced technology of automotive aerodynamic technology. It is trending to restrict airflow or selectively admits based on real-time necessities and contributes towards the decrease in drag and thereby decreasing emissions. It is of great importance to the automotive sector and thus is expected to rise high in the forecast period.

Auto aerodynamic systems are becoming an essential component of light-duty automobiles. The major purposes of this system's incorporation are to reduce the visual appeal and fuel consumption. However, some manufacturers of light duty cars also seek to improve their models to maintain market competitiveness. Thus, the demand for automotive aerodynamics in the market is rising proportionately to the volume of production of light dirty vehicles, which is predicted to propel the industry's growth rate.

The aerospace industry is heavily controlled by strict guidelines established by several regulatory