Emphasis on Component (Neutral Position Sensor, Wheel Speed Sensor, Crankshaft Sensor, Alternator, 12 V DC Converter, Battery, and Engine Control Units); Vehicle (Passenger Vehicle and Commercial Vehicle), and Region/Country
The global automotive start-stop technology market was valued at USD 9,072.27 million in 2022 and is expected to grow at a CAGR of 13.80% during the forecast period (2023-2030). Consumer demand and expectations have always played a pivotal role in shaping advancements in the automotive industry. In recent years, there has been significant progress in the field of automotive start-stop technology. This innovative system not only improves fuel efficiency but also reduces harmful emissions. Individuals residing in urban areas and metropolitan cities often face the challenges of heavy traffic congestion, traffic jams, and prolonged periods of idling. These factors not only contribute to increased fuel consumption but also worsen air pollution levels. Start-stop technology directly addresses these issues by automatically shutting down the engine during extended stops, thereby reducing both fuel consumption and emissions. Automotive manufacturers have embraced this technology to meet the demands of consumers living in urban environments and enhance their overall driving experience. For instance, Ford introduced Start-Stop technology in its popular Ford F-150 pickup truck, catering to the growing demand for more fuel-efficient trucks. Furthermore, as consumers increasingly adopt hybrid and electric vehicles, start-stop technology has become an essential component of their design. Hybrid vehicles utilize start-stop systems to optimize the combined power of their electric motors and internal combustion engines. Additionally, start-stop technology complements the regenerative braking systems found in electric vehicles, thereby maximizing energy efficiency. The integration of start-stop systems with hybrid and electric vehicles has further fueled the demand for such technology.
Some of the major players operating in the market include Continental AG, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Denso Corporation, SEG Automotive Germany GmbH, Delphi Technologies Plc, BorgWarner Inc., Hitachi Ltd., Valeo Systems, Maxwell Technologies, and General Motors Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst component, the wheel speed sensor segment dominated the market in 2022.”
Based on component, the market is divided into engine control unit, 12 V DC converter, battery, neutral position sensor, wheel speed sensor, crankshaft sensor, and alternator. The wheel speed sensor segment dominated the market in 2022 and is expected to show the same fashion in the forecast period. The major factors contributing to the growth due to its importance in start-stop functionality. The wheel speed sensor provides essential information about the rotational speed and position of the wheels, allowing the engine control unit (ECU) to determine when to stop and start the engine. The wheel speed sensor is an integral part of the anti-lock braking system (ABS), helps prevent wheel lock.
“Amongst vehicle type, the passenger vehicle segment holds the significant market share in 2022.”
Based on vehicle type, the market is bifurcated into passenger and commercial. The passenger vehicle segment holds a significant market share in 2022 and is expected to showcase the same trend in the forecast period. The major factors contributing to the growth are due to the growing production of passenger vehicles followed by the consumer demand from all over the world. Consumer preferences are shifting towards tailored solutions for specific needs, leading to the emergence of specialized vehicles designed for purposes such as e-hailing services. Passenger cars designed for high utilization, robustness, additional mileage, and passenger comfort are already significant which further creates the demand for start-stop technology.
“Asia Pacific dominated the market for Automotive Start-Stop Technology market in 2022.”
The Asia Pacific automotive start-stop technology market dominated the market and is expected to behave in the same fashion in the forecast period. In recent years, the automobile market in the Asia Pacific region has witnessed impressive growth. This growth can be attributed to various factors, including the increasing population, rising demand for transportation, and advancements in technology. The Asia Pacific region serves as the largest manufacturing hub, with countries like China, Indonesia, Malaysia, and Japan playing a significant role. Additionally, renowned automobile manufacturers such as Honda, Suzuki, Hyundai, KIA, and Changan have introduced a wide range of models that have greatly contributed to the sales of electric vehicles in the area. These electric vehicles require automotive start-stop technology for their assembly and manufacturing. For instance, in 2023, as stated in the report published by Bloomberg Finance L.P in 2021, the number of EVs sold reached 3.2 million, which then doubled to 6.4 million units in 2022. Furthermore, rising fuel prices have also contributed to the increased demand for start-stop technology. By reducing idling time, vehicles equipped with this technology achieve better overall fuel economy, resulting in cost savings for the vehicle owners.
Automotive Start-Stop Technology Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Automotive Start-stop Technology Revenue, 2020-2030f.
6. Market Insights By Component
7. Market Insights By Vehicle Type
8. Market Insights By Region
9. Automotive Start And Stop Technology Dynamics
10. Automotive Start-stop Technology Opportunities
11. Automotive Start-stop Technology Trends
12. Demand And Supply-side Analysis
13. Value Chain Analysis
14. Pricing Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Automotive Start-Stop Technology Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Automotive Start-Stop Technology market were the three major steps undertaken to create and analyze the adoption of automotive start-stop technology in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive start-stop technology market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Automotive Start-Stop Technology market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive start-stop technology market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report such as component and vehicle type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive start-stop technology market. Further, we conducted factor analysis using dependent and independent variables such component and vehicle type of the automotive start-stop technology market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Automotive Start-Stop Technology market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Automotive Start-Stop Technology market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Automotive Start-Stop Technology market, data was split into several segments & sub-segments after studying various parameters and trends in the area’s component and vehicle type in the global automotive start-stop technology market.
The main objective of the Automotive Start-Stop Technology Market Study
The current & future market trends of the global Automotive Start-Stop Technology market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the global Automotive Start-Stop Technology market?
Q2: What are the driving factors for the growth of the global Automotive Start-Stop Technology Market?
Q3: Which segment has the largest share of the global Automotive Start-Stop Technology market by Vehicle Type?
Q4: What are the emerging technologies and trends in the global Automotive Start-Stop Technology market?
Q5: Which region will dominate the global Automotive Start-Stop Technology market?
Q6: Who are the key players operating in the global Automotive Start-Stop Technology market?
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