Automotive Active Aerodynamics System Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global automotive active aerodynamic systems market to grow at a CAGR of 10.02 % during the period 2017-2021 .
According to the report , reducing automotive emission and fuel consumption is the main objective behind setting tougher emission norms . As the automotive active aerodynamics system reduces emissions and increases fuel efficiency , the automotive active aerodynamics system market is driven by the implementation of such emission norms .
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Further , the report states that the automotive active aerodynamics system saw adoption in high-end sports cars and is witnessing adoption in everyday sedans through automotive OEMs like GM and Ford . For instance , Chevrolet Cruze has shutters in the lower front grille that close at highway speeds . However , the installation of the active aerodynamics system increases the weight and complexity of vehicles . The weight increases due to the presence of electric motor , and the complexity increases due to the need for the automatic adjustment of shutters . In addition , higher efficiency standards set by authorities across the world are making it difficult for automotive OEMs to develop active aerodynamics systems that are efficient and lightweight . However , GM is working on a technology that would enable the use of lightweight metal used in the aerospace industry in the automotive industry .
About Automotive Active Aerodynamic Systems
The global automotive industry is highly competitive , and due to the nature of the competition , product life cycle , and consumer demand , it is subject to industry cyclicality . One of the key factors defining the industry dynamics is cost management which is leading companies to relocate their production centers from developed to developing regions . During the 2008-2009 global financial crisis and 2013 Euro zone crisis , the industry experienced a considerable decline in demand ; however , the market slowly stabilized primarily due to the relative economic stability in developing nations . The exhibit below depicts the GDP performance of the top economies over 2012-2015 .
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