Global Automotive Start-Stop System Market Size To Worth USD 109.8 Billion By 2033 | CAGR Of 11.08%

Global Automotive Start-Stop System Market Size To Worth USD 109.8 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Automotive start-stop system Market is to Grow from US 38.4 Billion in 2023 to USD 109.8 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 11.08% during the projected period.  

Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Automotive Start-Stop System Market Size, Share, Growth, and Industry Analysis, By Component (Engine Control Unit, 12V DC Converter, Battery, Neutral Position Sensor, Wheel Speed Sensor, and Crankshaft Sensor), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Sales Channel (OEM and Aftersales), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/automotive-start-stop-system-market

Automotive start-stop systems are those that automatically turn off the engine when the vehicle is stopped and restart it when needed. It consists of batteries, a control module, sensors, a transmission system, and a starter motor. Sensors are utilized to detect whether the car is moving or not. Automotive start-stop systems are a state-of-the-art technology that helps current cars run more efficiently and have a smaller environmental effect. In addition to helping to reduce fuel consumption and emissions of harmful pollutants like carbon dioxide and nitrogen oxides, turning off the engine while the car is idle also improves overall efficiency and enhances the comfort of driving. As governments throughout the world implement rigorous emission regulations, automakers are utilizing technology that boost fuel efficiency and cut emissions. However, the system's costly installation costs and optional nature might limit the market's growth.

The wheel speed segment holds the biggest market share.

Based on component, the automotive start-stop system is divided into engine control unit, 12V DC converter, battery, neutral position sensor, wheel speed sensor, and crankshaft sensor. Among these, the wheel speed segment holds the biggest market share. This is a result of more people getting into traffic accidents due to driving too quickly.  A number of causes, such as the increasing usage of anti-lock brakes in cars, strict government regulations mandating the use of anti-lock braking systems, and an increase in car sales worldwide, are driving up demand for wheel speed sensors. It is also expected that growing customer awareness and the implementation of the anti-lock braking system in developing countries would drive this segment's revenue growth.

The segment with the largest market share during the projected period is the passenger car sector.

Based on vehicle type, the automotive start-stop system is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. Among these, the segment with the largest market share during the projected period is the passenger car sector. The growing number of government initiatives focused at reducing fuel consumption is expected to propel the passenger car sector in the global automotive start-stop system market to exhibit a continuously robust revenue growth rate. Over the forecast period, this segment's revenue growth is expected to be driven by factors such as changing lifestyle choices, greater disposable income, and expanding populations in developing nations.

The OEM segment had the largest revenue share.

Based on sales channel, the automotive start-stop system is divided into OEM and aftersales. Among these, the OEM segment had the largest revenue share due to their integration of these systems into new car models. Automakers are gradually introducing start-stop technology as fuel economy and emission reduction have become crucial factors, in order to meet regulatory standards and meet consumer demand. The mechanism that automatically stops and starts the engine to cut down on idle time is now standard on a large number of new cars. Utilizing economies of scale and their ability to seamlessly incorporate advanced start-stop technology into the design of their cars gives manufacturers a competitive advantage in the market.

Europe is having the biggest share of the global automotive start-stop system market over the forecast period.

The European Union's commitment to reducing carbon footprints and the region's stringent emissions regulations both contributed to the Europe region's market share and dominance. Start-stop systems are becoming more popular among European consumers despite their lower CO2 emissions and superior fuel efficiency. The region's strong automotive industry, which is characterized by the presence of leading automakers and a quick rate of technological advancement, further supports market expansion. The European sector is being further propelled by the increased demand for electric and hybrid vehicles, many of which have start-stop features.

Asia-Pacific is predicted to grow fastest pace throughout the forecast period. The strict government laws pertaining to passenger and driver safety as well as the rising public awareness of safety issues are further contributing factors to the growth of the worldwide automotive start/stop system market. Top Chinese automakers' technology innovations including safety measures have expanded the market in the region.

Major vendors in the global automotive start-stop system market include DENSO CORPORATION, Hitachi, Ltd, Schaeffler AG, Delphi Technologies, Mitsubishi Electric Corporation, Tenneco Inc, EXEDY Corporation, ZF Friedrichshafen AG, Magna International Inc, Fiat Chrysler Automobiles, Bosch SanayiVeTicaret A.S, Continental AG, BorgWarner Inc, AISIN SEIKI Co., Ltd, Valeo, and Others.

Recent Developments

• In December 2022, Suzuki Motorcycle India has recently unveiled a new top-of-the-line variant of their Burgman Street maxi-scooter. The scooter is powered by a brand-new Suzuki Eco Performance Alpha (SEP-a) engine with a silent starter mechanism and automatic stop-start function.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global automotive start-stop system market based on the below-mentioned segments: 

Global Automotive Start-Stop System Market, By Component

• Engine Control Unit
• 12V DC Converter
• Battery
• Neutral Position Sensor
• Wheel Speed Sensor
• Crankshaft Sensor

Global Automotive Start-Stop System Market, By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Global Automotive start-stop system Market, By Sales Channel

• OEM
• Aftersales

Global Automotive Start-Stop System Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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