The global Automotive Solenoid Market is estimated to be USD 4.13 billion in 2017, and is
projected to grow at a CAGR of 8.82% from 2017 to 2022, to reach USD 6.30 billion by 2022.
The growth of this market is fueled by rising automation in vehicles and increased production of
vehicles in emerging economies due to urbanization.
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Body Control and Interiors segment to hold the largest share in the automotive solenoid
market, by application type
The body control and interiors application is estimated to account for the largest share in the
global automotive solenoid market. This application is used in all passenger and commercial
vehicles (CV) as well as electric vehicles, unlike some applications that may or may not be used
in electric vehicles. For example, engine control valves are not used in a battery electric vehicle
(BEV) for the engine control application.
Passenger cars: A promising market due to the increase in high global production
Passenger cars are expected to constitute the largest market share, in terms of value, in the
global automotive solenoid market. This can be attributed to the growing need for personal
cars and private cabs in the emerging economies, which has triggered the demand for