Global Automotive Solenoid Market Overview

Global Automotive Solenoid Market was valued at USD 5.06 billion in 2021 and is expected to reach USD 8.45 billion by the year 2028, at a CAGR of 7.6%.

A Solenoid is a coil of wire wound over a metal core. In a world where Automation is reaching significance in our day-to-day lives at a fast pace, Solenoid's support achieves 'Automation' in various applications. When we give electric current at one end of the solenoid, it creates a magnetic field and this magnetic field can control things such as air pressure, locks, or water pressure. Automotive Solenoids find usage in various sectors such as the Automobile industry, Medical Systems, or Lock mechanisms, to name a few. The most popular utilization of Automotive Solenoids is on the devices like Joystick used for games. A solenoid in automobiles is a pivotal piece of the starter and it functions as a sort of contact for power to reach the starter from the respective battery. As the generation of vehicles is growing at an enduring rate, so is the interest of manufacturers' solenoids. Another factor that is likely to go to pick up force is the application of solenoid in the programmed transmission of automobiles. Contemporary programmed transmission autos apply a water-driven liquid under pressure with a specific end goal to change gears. The trend of engine downsizing is also anticipated to gain traction in the years ahead, thus benefitting the Automotive Solenoid market in return.

COVID-19 Impact on Automotive Solenoid Market

The production and sales of the latest vehicles had come to a halt across the globe as the whole ecosystem had been disrupted in the initial outbreak of COVID 19. OEMs had to wait until lockdowns were lifted to resume production, which affected their businesses. Hence, vehicle producers had to adjust the production volume. Also, component manufacturing was suspended, and small Tier II and Tier III manufacturers faced liquidity issues. The automotive industry is highly capital-intensive and relies on frequent financing to continue operations. Therefore, the production suspension during the initial months of the outbreak and lower demand had an unprecedented impact on EV manufacturers in the initial months of the pandemic. Due to the COVID-19 pandemic, many countries had imposed a complete lockdown of more than two months, which, in turn, has impacted vehicle production. Manufacturing units around the world were shut down, and vehicle sales have taken a huge hit. However, the majority of the automakers resumed vehicle production with limited production and necessary measures.

Market Dynamics And Factors For The Automotive Solenoid Market

Drivers:

Autonomous vehicles can navigate and sense the environment around them without an onboard human being. Autonomous vehicles combine a variety of technologies and techniques, which simultaneously is anticipated to accelerate the demand for electric and electronic components. Autonomous vehicle technology and electrified powertrains are anticipated to generate significant interest in consumers and are estimated to possess long-term value potential. Many systems in an autonomous vehicle demand a proportional feedback control, which is provided by autonomous self-regulating proportional solenoids. Moreover, solenoids are an essential part of autonomous steering. The solenoid in the steering is activated once the car starts working in the autonomous mode. This factor is highly probable to turn the growth of the automotive solenoid market during the forecast period.

Keeping pace with the current significant improvements of clean energy, hybrid cars, and electric vehicles are gaining high attention. In electronic control brake systems, which are essential to these vehicles, a solenoid valve is utilized to control the hydraulic pressure, which improves the driver's braking force. Solenoid valve technology is also vital in handling the thermal management and cooling aspects of Electric Vehicles. Despite the scarcity of fuel intake valves, the adoption of Electric Valves is continuing to drive the automotive solenoid market growth during the forecast period.

Restraints:

Technological failures are major key factors are restraint the automotive solenoid market growth during the forecast period. Key market players in the solenoid valves market, especially the direct playing automotive solenoid market often face the challenge of technological failure. Sometimes owing to power failure or uneven pressure, the direct solenoid valves may not function and lead to large-scale vehicular issues, thereby hampering its adoption in the automotive sector. Reasons for faults vary depending on the type of solenoid valve and application. It can be under or over-voltage, wrong valve capacity, impurities in the media, pressure drop, wrong material, or just bad installation. Nevertheless, this technological failure will act as a key role in limiting the direct actions of automotive solenoid adoption in the automotive sector.

Opportunities:

Chasing more energy-efficient, convenient, and high-tech products with user-friendly design have always been the general direction of valve development. The basis of reducing the energy utilization, reducing the fluid flow resistance, and decreasing the utilization during the process of the users have always added value. In energy-saving, the focus is the electric device. By selecting low-power and low-noise motors and improving their structure, you can control the energy consumption of electric devices which will lead to the expansion of the valve industry. One of the major trends that the market is observing is the growth of Hybrid electric vehicles (HEV) and electric vehicles (EV) are rising, development of new solenoid valves such as micro-miniature valves customized valves and pinch valves are gaining prominence. BorgWarner received Automotive News PACE Innovation Partnership Award for its collaboration with General Motors (GM) on the Eco-Launch solenoid valve. The innovative technology helps deliver an improved accelerated economy and performance at a significantly lower cost than alternative systems.

Market Segmentation

Segmentation Analysis of Automotive Solenoid Market:

Based on the Vehicle Type, the passenger vehicles sector dominates the Automotive Solenoid market turned into significant adoption in luxury and high-end vehicles. Key drivers for the Automotive Solenoid segment were the rise in the number of electronic components used in cars and the increase in demand for automotive safety systems.

Based on Electric Vehicle Type, the BEV records for the highest Automotive Solenoid market share as it does not require a gasoline engine which requires fuel and routine maintenance. The prices of batteries for EVs are declining owing to the developments in technology which are anticipated to result in the decreased overall prices of BEVs.

Based on the Function, the fluid control segment is expected to register the maximum Automotive Solenoid market share during the forecast period. Fluid control solenoids act as a significant role in controlling the flow of fluids or actuating pumps to build the pressure used in different applications such as braking and steering. Additionally, the increased adoption of electric vehicles is anticipated to improve the motion control segment.

Based on the Application, the body control and interior application are projected to record for the highest share in the 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 instance, engine control valves are not used in a battery electric vehicle (BEV) for the engine control application.

Regional Analysis of Automotive Solenoid Market:

The European region is expected to be dominated by economies such as Germany, France, Spain, and the UK. The presence of OEMs such as Volkswagen (Germany), Renault (France), and AB Volvo (Sweden), Daimler (Germany), provide growth opportunities for automotive solenoids in the region. European automotive enterprises dominate the global automotive landscape, accounting for almost 50% of the R&D spending led by firms such as BMW, Continental, and Daimler. The region is among the highest markets for passenger cars, particularly for premium cars (C segment and above). The high volume of premium car sales can be attributed to the high purchasing power of European buyers. The demand for premium cars has accentuated the need for fewer emissions, automated applications, and luxurious features, which can be achieved with the help of components such as solenoids and actuators.

In North America, the rising adoption of automotive vehicles and raised investments for vehicle production by major OEMs such as Ford and General Motors. In 2019, Ford has committed to investing more than $1.5 billion in the U.S to grow the production of vehicles. Similarly, General Motors is investing heavily in the production of vehicles. In addition, the US is home to leading aftermarket suppliers, such as Borgwarner and Curtiss Wright for automotive solenoid valves.

The Asia Pacific is probably to reach significant global market growth for the automotive solenoid during the forecast period. The region consists of some of the major emerging economies such as India, China, and South Korea. This has resulted in the rise in automotive solenoid volumes, with original equipment manufacturers serving both domestic and overseas demand.

Players Covered in Automotive Solenoid Market are :

  • Mitsubishi Electric Corporation
  • Nidec Corporation
  • MVD Auto Components Pvt.Ltd.
  • Stoneridge Inc.
  • Aptiv PLC
  • Bitron Industrie S.p.A
  • BorgWarner Inc.
  • Continental AG
  • Cumsa Corporation-Lockcarft
  • Global Point Magnetics Asia Co. Ltd.
  • Denso Corporation
  • GKN PLC
  • Hitachi Ltd.
  • Husco International Inc.
  • Robert Bosch GmbH
  • Johnson Electric Holdings Ltd.
  • Parker Hannifin Corporation
  • Schaeffler AG
  • Kendrion NV
  • Magnet - Schultz GmbH & Co. Kg
  • Rotex Automation Limited
  • Padmini Vna Mechatronics Pvt Ltd
  • Pneumadyne Inc.
  • TLX Technologies LLC.
  • WABCO Holdings Inc. and other major players.

Key Industry Developments In The Automotive Solenoid Market

  • In July 2020, BluE Nexus Corporation (a joint venture between Aisin Seiki Co., Ltd., and DENSO Corporation) and Toyota Motor Corporation declared a partnership wherein both companies utilize their core competencies to raise their competitiveness in products associated with vehicle electrification. The partnership will utilize Toyota's control calibration technologies for engines, batteries, and other major peripheral components and BluE Nexus's well-designed lineup of electric drive modules. Toyota declared that it would offer investment for new improved products by taking a 10 percent stake in Blue Nexus.
  • In October 2020, ZF Friedrichshafen AG completely received ZF Sachs Micro Mobility GmbH, which has become its wholly-owned subsidiary and a part of its Industrial Technology Division. The previous shareholders, BMZ Batterien-Montage-Zentrum GmbH and Gustav Magenwirth GmbH & Co. KG, transferred their shares to ZF Friedrichshafen AG. ZF Sachs Micro Mobility GmbH manufactures traction motors and associated products for micro-mobility (e-bikes & bicycles).

Global Automotive Solenoid Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 5.06 Bn.

Forecast Period 2022-28 CAGR:

7.6%

Market Size in 2028:

USD 8.45 Bn.

Segments Covered:

By Vehicle Type

  • Light Commercial Vehicle
  • Passenger Vehicle
  • Heavy Commercial Vehicle

By Electric Vehicle Type

  • BEV
  • HEV
  • PHEV
  • FCEV

By Function

  • Fluid Control
  • Gas Control
  • Motion Control

By Application

  • Safety & Security
  • Body Control & Interiors
  • Engine Control & Cooling System
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapidly Growing Autonomous Vehicle Technology and Electrified Powertrains

Key Market Restraints:

  • Technological Failures may Hamper the Growth

Key Opportunities:

  • Innovations and Advancements in Technology

Companies Covered in the report:

  • Mitsubishi Electric Corporation, Nidec Corporation, MVD Auto Components Pvt. Ltd., Stoneridge Inc., Aptiv PLC, Bitron Industries S.p.A, and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Vehicle Type
 3.2 By Electric Vehicle Type
 3.3 By Function
 3.4 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Automotive Solenoid Market by Vehicle Type
 5.1 Automotive Solenoid Market Overview Snapshot and Growth Engine
 5.2 Automotive Solenoid Market Overview
 5.3 Light Commercial Vehicle
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Light Commercial Vehicle: Grographic Segmentation
 5.4 Passenger Vehicle
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Passenger Vehicle: Grographic Segmentation
 5.5 Heavy Commercial Vehicle
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Heavy Commercial Vehicle: Grographic Segmentation

Chapter 6: Automotive Solenoid Market by Electric Vehicle Type
 6.1 Automotive Solenoid Market Overview Snapshot and Growth Engine
 6.2 Automotive Solenoid Market Overview
 6.3 BEV
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 BEV: Grographic Segmentation
 6.4 HEV
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 HEV: Grographic Segmentation
 6.5 PHEV
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 PHEV: Grographic Segmentation
 6.6 FCEV
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 FCEV: Grographic Segmentation

Chapter 7: Automotive Solenoid Market by Function
 7.1 Automotive Solenoid Market Overview Snapshot and Growth Engine
 7.2 Automotive Solenoid Market Overview
 7.3 Fluid Control
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Fluid Control: Grographic Segmentation
 7.4 Gas Control
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Gas Control: Grographic Segmentation
 7.5 Motion Control
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Motion Control: Grographic Segmentation

Chapter 8: Automotive Solenoid Market by Application
 8.1 Automotive Solenoid Market Overview Snapshot and Growth Engine
 8.2 Automotive Solenoid Market Overview
 8.3 Safety & Security
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Safety & Security: Grographic Segmentation
 8.4 Body Control & Interiors
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Body Control & Interiors: Grographic Segmentation
 8.5 Engine Control & Cooling System
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Engine Control & Cooling System: Grographic Segmentation
 8.6 Others
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Automotive Solenoid Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Automotive Solenoid Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Automotive Solenoid Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 MITSUBISHI ELECTRIC CORPORATION
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 NIDEC CORPORATION
 9.4 MVD AUTO COMPONENTS PVT.LTD.
 9.5 STONERIDGE INC.
 9.6 APTIV PLC
 9.7 BITRON INDUSTRIE S.P.A
 9.8 BORGWARNER INC.
 9.9 CONTINENTAL AG
 9.10 CUMSA CORPORATION-LOCKCARFT
 9.11 GLOBAL POINT MAGNETICS ASIA CO. LTD.
 9.12 DENSO CORPORATION
 9.13 GKN PLC
 9.14 HITACHI LTD.
 9.15 HUSCO INTERNATIONAL INC.
 9.16 ROBERT BOSCH GMBH
 9.17 JOHNSON ELECTRIC HOLDINGS LTD.
 9.18 PARKER HANNIFIN CORPORATION
 9.19 SCHAEFFLER AG
 9.20 KENDRION NV
 9.21 MAGNET - SCHULTZ GMBH & CO. KG
 9.22 ROTEX AUTOMATION LIMITED
 9.23 PADMINI VNA MECHATRONICS PVT LTD
 9.24 PNEUMADYNE INC.
 9.25 TLX TECHNOLOGIES LLC.
 9.26 WABCO HOLDINGS INC
 9.27 OTHER MAJOR PLAYERS

Chapter 10: Global Automotive Solenoid Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Vehicle Type
  10.2.1 Light Commercial Vehicle
  10.2.2 Passenger Vehicle
  10.2.3 Heavy Commercial Vehicle
 10.3 Historic and Forecasted Market Size By Electric Vehicle Type
  10.3.1 BEV
  10.3.2 HEV
  10.3.3 PHEV
  10.3.4 FCEV
 10.4 Historic and Forecasted Market Size By Function
  10.4.1 Fluid Control
  10.4.2 Gas Control
  10.4.3 Motion Control
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Safety & Security
  10.5.2 Body Control & Interiors
  10.5.3 Engine Control & Cooling System
  10.5.4 Others

Chapter 11: North America Automotive Solenoid Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Vehicle Type
  11.4.1 Light Commercial Vehicle
  11.4.2 Passenger Vehicle
  11.4.3 Heavy Commercial Vehicle
 11.5 Historic and Forecasted Market Size By Electric Vehicle Type
  11.5.1 BEV
  11.5.2 HEV
  11.5.3 PHEV
  11.5.4 FCEV
 11.6 Historic and Forecasted Market Size By Function
  11.6.1 Fluid Control
  11.6.2 Gas Control
  11.6.3 Motion Control
 11.7 Historic and Forecasted Market Size By Application
  11.7.1 Safety & Security
  11.7.2 Body Control & Interiors
  11.7.3 Engine Control & Cooling System
  11.7.4 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Automotive Solenoid Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Vehicle Type
  12.4.1 Light Commercial Vehicle
  12.4.2 Passenger Vehicle
  12.4.3 Heavy Commercial Vehicle
 12.5 Historic and Forecasted Market Size By Electric Vehicle Type
  12.5.1 BEV
  12.5.2 HEV
  12.5.3 PHEV
  12.5.4 FCEV
 12.6 Historic and Forecasted Market Size By Function
  12.6.1 Fluid Control
  12.6.2 Gas Control
  12.6.3 Motion Control
 12.7 Historic and Forecasted Market Size By Application
  12.7.1 Safety & Security
  12.7.2 Body Control & Interiors
  12.7.3 Engine Control & Cooling System
  12.7.4 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Automotive Solenoid Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Vehicle Type
  13.4.1 Light Commercial Vehicle
  13.4.2 Passenger Vehicle
  13.4.3 Heavy Commercial Vehicle
 13.5 Historic and Forecasted Market Size By Electric Vehicle Type
  13.5.1 BEV
  13.5.2 HEV
  13.5.3 PHEV
  13.5.4 FCEV
 13.6 Historic and Forecasted Market Size By Function
  13.6.1 Fluid Control
  13.6.2 Gas Control
  13.6.3 Motion Control
 13.7 Historic and Forecasted Market Size By Application
  13.7.1 Safety & Security
  13.7.2 Body Control & Interiors
  13.7.3 Engine Control & Cooling System
  13.7.4 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Automotive Solenoid Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Vehicle Type
  14.4.1 Light Commercial Vehicle
  14.4.2 Passenger Vehicle
  14.4.3 Heavy Commercial Vehicle
 14.5 Historic and Forecasted Market Size By Electric Vehicle Type
  14.5.1 BEV
  14.5.2 HEV
  14.5.3 PHEV
  14.5.4 FCEV
 14.6 Historic and Forecasted Market Size By Function
  14.6.1 Fluid Control
  14.6.2 Gas Control
  14.6.3 Motion Control
 14.7 Historic and Forecasted Market Size By Application
  14.7.1 Safety & Security
  14.7.2 Body Control & Interiors
  14.7.3 Engine Control & Cooling System
  14.7.4 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Automotive Solenoid Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Vehicle Type
  15.4.1 Light Commercial Vehicle
  15.4.2 Passenger Vehicle
  15.4.3 Heavy Commercial Vehicle
 15.5 Historic and Forecasted Market Size By Electric Vehicle Type
  15.5.1 BEV
  15.5.2 HEV
  15.5.3 PHEV
  15.5.4 FCEV
 15.6 Historic and Forecasted Market Size By Function
  15.6.1 Fluid Control
  15.6.2 Gas Control
  15.6.3 Motion Control
 15.7 Historic and Forecasted Market Size By Application
  15.7.1 Safety & Security
  15.7.2 Body Control & Interiors
  15.7.3 Engine Control & Cooling System
  15.7.4 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Automotive Solenoid Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 5.06 Bn.

Forecast Period 2022-28 CAGR:

7.6%

Market Size in 2028:

USD 8.45 Bn.

Segments Covered:

By Vehicle Type

  • Light Commercial Vehicle
  • Passenger Vehicle
  • Heavy Commercial Vehicle

By Electric Vehicle Type

  • BEV
  • HEV
  • PHEV
  • FCEV

By Function

  • Fluid Control
  • Gas Control
  • Motion Control

By Application

  • Safety & Security
  • Body Control & Interiors
  • Engine Control & Cooling System
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapidly Growing Autonomous Vehicle Technology and Electrified Powertrains

Key Market Restraints:

  • Technological Failures may Hamper the Growth

Key Opportunities:

  • Innovations and Advancements in Technology

Companies Covered in the report:

  • Mitsubishi Electric Corporation, Nidec Corporation, MVD Auto Components Pvt. Ltd., Stoneridge Inc., Aptiv PLC, Bitron Industries S.p.A, and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. AUTOMOTIVE SOLENOID MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. AUTOMOTIVE SOLENOID MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. AUTOMOTIVE SOLENOID MARKET COMPETITIVE RIVALRY
TABLE 005. AUTOMOTIVE SOLENOID MARKET THREAT OF NEW ENTRANTS
TABLE 006. AUTOMOTIVE SOLENOID MARKET THREAT OF SUBSTITUTES
TABLE 007. AUTOMOTIVE SOLENOID MARKET BY VEHICLE TYPE
TABLE 008. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 009. PASSENGER VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 010. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 011. AUTOMOTIVE SOLENOID MARKET BY ELECTRIC VEHICLE TYPE
TABLE 012. BEV MARKET OVERVIEW (2016-2028)
TABLE 013. HEV MARKET OVERVIEW (2016-2028)
TABLE 014. PHEV MARKET OVERVIEW (2016-2028)
TABLE 015. FCEV MARKET OVERVIEW (2016-2028)
TABLE 016. AUTOMOTIVE SOLENOID MARKET BY FUNCTION
TABLE 017. FLUID CONTROL MARKET OVERVIEW (2016-2028)
TABLE 018. GAS CONTROL MARKET OVERVIEW (2016-2028)
TABLE 019. MOTION CONTROL MARKET OVERVIEW (2016-2028)
TABLE 020. AUTOMOTIVE SOLENOID MARKET BY APPLICATION
TABLE 021. SAFETY & SECURITY MARKET OVERVIEW (2016-2028)
TABLE 022. BODY CONTROL & INTERIORS MARKET OVERVIEW (2016-2028)
TABLE 023. ENGINE CONTROL & COOLING SYSTEM MARKET OVERVIEW (2016-2028)
TABLE 024. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 026. NORTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE (2016-2028)
TABLE 027. NORTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY FUNCTION (2016-2028)
TABLE 028. NORTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY APPLICATION (2016-2028)
TABLE 029. N AUTOMOTIVE SOLENOID MARKET, BY COUNTRY (2016-2028)
TABLE 030. EUROPE AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 031. EUROPE AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE (2016-2028)
TABLE 032. EUROPE AUTOMOTIVE SOLENOID MARKET, BY FUNCTION (2016-2028)
TABLE 033. EUROPE AUTOMOTIVE SOLENOID MARKET, BY APPLICATION (2016-2028)
TABLE 034. AUTOMOTIVE SOLENOID MARKET, BY COUNTRY (2016-2028)
TABLE 035. ASIA PACIFIC AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 036. ASIA PACIFIC AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE (2016-2028)
TABLE 037. ASIA PACIFIC AUTOMOTIVE SOLENOID MARKET, BY FUNCTION (2016-2028)
TABLE 038. ASIA PACIFIC AUTOMOTIVE SOLENOID MARKET, BY APPLICATION (2016-2028)
TABLE 039. AUTOMOTIVE SOLENOID MARKET, BY COUNTRY (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA AUTOMOTIVE SOLENOID MARKET, BY FUNCTION (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA AUTOMOTIVE SOLENOID MARKET, BY APPLICATION (2016-2028)
TABLE 044. AUTOMOTIVE SOLENOID MARKET, BY COUNTRY (2016-2028)
TABLE 045. SOUTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 046. SOUTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY ELECTRIC VEHICLE TYPE (2016-2028)
TABLE 047. SOUTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY FUNCTION (2016-2028)
TABLE 048. SOUTH AMERICA AUTOMOTIVE SOLENOID MARKET, BY APPLICATION (2016-2028)
TABLE 049. AUTOMOTIVE SOLENOID MARKET, BY COUNTRY (2016-2028)
TABLE 050. MITSUBISHI ELECTRIC CORPORATION: SNAPSHOT
TABLE 051. MITSUBISHI ELECTRIC CORPORATION: BUSINESS PERFORMANCE
TABLE 052. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 053. MITSUBISHI ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. NIDEC CORPORATION: SNAPSHOT
TABLE 054. NIDEC CORPORATION: BUSINESS PERFORMANCE
TABLE 055. NIDEC CORPORATION: PRODUCT PORTFOLIO
TABLE 056. NIDEC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. MVD AUTO COMPONENTS PVT.LTD.: SNAPSHOT
TABLE 057. MVD AUTO COMPONENTS PVT.LTD.: BUSINESS PERFORMANCE
TABLE 058. MVD AUTO COMPONENTS PVT.LTD.: PRODUCT PORTFOLIO
TABLE 059. MVD AUTO COMPONENTS PVT.LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. STONERIDGE INC.: SNAPSHOT
TABLE 060. STONERIDGE INC.: BUSINESS PERFORMANCE
TABLE 061. STONERIDGE INC.: PRODUCT PORTFOLIO
TABLE 062. STONERIDGE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. APTIV PLC: SNAPSHOT
TABLE 063. APTIV PLC: BUSINESS PERFORMANCE
TABLE 064. APTIV PLC: PRODUCT PORTFOLIO
TABLE 065. APTIV PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. BITRON INDUSTRIE S.P.A: SNAPSHOT
TABLE 066. BITRON INDUSTRIE S.P.A: BUSINESS PERFORMANCE
TABLE 067. BITRON INDUSTRIE S.P.A: PRODUCT PORTFOLIO
TABLE 068. BITRON INDUSTRIE S.P.A: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. BORGWARNER INC.: SNAPSHOT
TABLE 069. BORGWARNER INC.: BUSINESS PERFORMANCE
TABLE 070. BORGWARNER INC.: PRODUCT PORTFOLIO
TABLE 071. BORGWARNER INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. CONTINENTAL AG: SNAPSHOT
TABLE 072. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 073. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 074. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. CUMSA CORPORATION-LOCKCARFT: SNAPSHOT
TABLE 075. CUMSA CORPORATION-LOCKCARFT: BUSINESS PERFORMANCE
TABLE 076. CUMSA CORPORATION-LOCKCARFT: PRODUCT PORTFOLIO
TABLE 077. CUMSA CORPORATION-LOCKCARFT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. GLOBAL POINT MAGNETICS ASIA CO. LTD.: SNAPSHOT
TABLE 078. GLOBAL POINT MAGNETICS ASIA CO. LTD.: BUSINESS PERFORMANCE
TABLE 079. GLOBAL POINT MAGNETICS ASIA CO. LTD.: PRODUCT PORTFOLIO
TABLE 080. GLOBAL POINT MAGNETICS ASIA CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. DENSO CORPORATION: SNAPSHOT
TABLE 081. DENSO CORPORATION: BUSINESS PERFORMANCE
TABLE 082. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 083. DENSO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. GKN PLC: SNAPSHOT
TABLE 084. GKN PLC: BUSINESS PERFORMANCE
TABLE 085. GKN PLC: PRODUCT PORTFOLIO
TABLE 086. GKN PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. HITACHI LTD.: SNAPSHOT
TABLE 087. HITACHI LTD.: BUSINESS PERFORMANCE
TABLE 088. HITACHI LTD.: PRODUCT PORTFOLIO
TABLE 089. HITACHI LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. HUSCO INTERNATIONAL INC.: SNAPSHOT
TABLE 090. HUSCO INTERNATIONAL INC.: BUSINESS PERFORMANCE
TABLE 091. HUSCO INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 092. HUSCO INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 093. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 094. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 095. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. JOHNSON ELECTRIC HOLDINGS LTD.: SNAPSHOT
TABLE 096. JOHNSON ELECTRIC HOLDINGS LTD.: BUSINESS PERFORMANCE
TABLE 097. JOHNSON ELECTRIC HOLDINGS LTD.: PRODUCT PORTFOLIO
TABLE 098. JOHNSON ELECTRIC HOLDINGS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. PARKER HANNIFIN CORPORATION: SNAPSHOT
TABLE 099. PARKER HANNIFIN CORPORATION: BUSINESS PERFORMANCE
TABLE 100. PARKER HANNIFIN CORPORATION: PRODUCT PORTFOLIO
TABLE 101. PARKER HANNIFIN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. SCHAEFFLER AG: SNAPSHOT
TABLE 102. SCHAEFFLER AG: BUSINESS PERFORMANCE
TABLE 103. SCHAEFFLER AG: PRODUCT PORTFOLIO
TABLE 104. SCHAEFFLER AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. KENDRION NV: SNAPSHOT
TABLE 105. KENDRION NV: BUSINESS PERFORMANCE
TABLE 106. KENDRION NV: PRODUCT PORTFOLIO
TABLE 107. KENDRION NV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. MAGNET - SCHULTZ GMBH & CO. KG: SNAPSHOT
TABLE 108. MAGNET - SCHULTZ GMBH & CO. KG: BUSINESS PERFORMANCE
TABLE 109. MAGNET - SCHULTZ GMBH & CO. KG: PRODUCT PORTFOLIO
TABLE 110. MAGNET - SCHULTZ GMBH & CO. KG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. ROTEX AUTOMATION LIMITED: SNAPSHOT
TABLE 111. ROTEX AUTOMATION LIMITED: BUSINESS PERFORMANCE
TABLE 112. ROTEX AUTOMATION LIMITED: PRODUCT PORTFOLIO
TABLE 113. ROTEX AUTOMATION LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. PADMINI VNA MECHATRONICS PVT LTD: SNAPSHOT
TABLE 114. PADMINI VNA MECHATRONICS PVT LTD: BUSINESS PERFORMANCE
TABLE 115. PADMINI VNA MECHATRONICS PVT LTD: PRODUCT PORTFOLIO
TABLE 116. PADMINI VNA MECHATRONICS PVT LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116. PNEUMADYNE INC.: SNAPSHOT
TABLE 117. PNEUMADYNE INC.: BUSINESS PERFORMANCE
TABLE 118. PNEUMADYNE INC.: PRODUCT PORTFOLIO
TABLE 119. PNEUMADYNE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119. TLX TECHNOLOGIES LLC.: SNAPSHOT
TABLE 120. TLX TECHNOLOGIES LLC.: BUSINESS PERFORMANCE
TABLE 121. TLX TECHNOLOGIES LLC.: PRODUCT PORTFOLIO
TABLE 122. TLX TECHNOLOGIES LLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 122. WABCO HOLDINGS INC: SNAPSHOT
TABLE 123. WABCO HOLDINGS INC: BUSINESS PERFORMANCE
TABLE 124. WABCO HOLDINGS INC: PRODUCT PORTFOLIO
TABLE 125. WABCO HOLDINGS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 126. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 127. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 128. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. AUTOMOTIVE SOLENOID MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. AUTOMOTIVE SOLENOID MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 012. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 013. PASSENGER VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 014. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 015. AUTOMOTIVE SOLENOID MARKET OVERVIEW BY ELECTRIC VEHICLE TYPE
FIGURE 016. BEV MARKET OVERVIEW (2016-2028)
FIGURE 017. HEV MARKET OVERVIEW (2016-2028)
FIGURE 018. PHEV MARKET OVERVIEW (2016-2028)
FIGURE 019. FCEV MARKET OVERVIEW (2016-2028)
FIGURE 020. AUTOMOTIVE SOLENOID MARKET OVERVIEW BY FUNCTION
FIGURE 021. FLUID CONTROL MARKET OVERVIEW (2016-2028)
FIGURE 022. GAS CONTROL MARKET OVERVIEW (2016-2028)
FIGURE 023. MOTION CONTROL MARKET OVERVIEW (2016-2028)
FIGURE 024. AUTOMOTIVE SOLENOID MARKET OVERVIEW BY APPLICATION
FIGURE 025. SAFETY & SECURITY MARKET OVERVIEW (2016-2028)
FIGURE 026. BODY CONTROL & INTERIORS MARKET OVERVIEW (2016-2028)
FIGURE 027. ENGINE CONTROL & COOLING SYSTEM MARKET OVERVIEW (2016-2028)
FIGURE 028. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA AUTOMOTIVE SOLENOID MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE AUTOMOTIVE SOLENOID MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC AUTOMOTIVE SOLENOID MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA AUTOMOTIVE SOLENOID MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA AUTOMOTIVE SOLENOID MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Automotive Solenoid Market research report?

The forecast period in the Automotive Solenoid Market research report is 2022-2028.

Who are the key players in Automotive Solenoid Market?

Mitsubishi Electric Corporation, Nidec Corporation, MVD Auto Components Pvt. Ltd., Stoneridge Inc., Aptiv PLC, Bitron Industries S.p.A, BorgWarner Inc., Continental AG, Cumsa Corporation-Lockcarft, Global Point Magnetics Asia Co. Ltd., Denso Corporation, GKN PLC, Hitachi Ltd., Husco International Inc., Robert Bosch GmbH, Johnson Electric Holdings Ltd., Parker Hannifin Corporation, Schaeffler AG, Kendrion NV, Magnet - Schultz GmbH & Co. Kg, Rotex Automation Limited, Padmini Vna Mechatronics Pvt Ltd, Pneumadyne Inc., TLX Technologies LLC.,WABCO Holdings Inc., and other major players.

What are the segments of the Automotive Solenoid Market?

The Automotive Solenoid Market is segmented into vehicle type, electric vehicle type, function, application, and region. By Vehicle Type, the market is categorized into Light Commercial Vehicle, Passenger Vehicle, and Heavy Commercial Vehicle. By Electric Vehicle type, the market is categorized into BEV, HEV, PHEV, and FCEV. By Function, the market is categorized into Fluid Control, Gas Control, and Motion Control. By Application, the market is categorized into Safety & Security, Body Control & Interiors, Engine Control & Cooling System, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Automotive Solenoid Market?

Automotive Solenoids is on the devices like Joystick used for games. A solenoid in automobiles is a pivotal piece of the starter and it functions as a sort of contact for power to reach the starter from the respective battery.

How big is the Automotive Solenoid Market?

The Automotive Solenoid Market was valued at USD 5.06 Billion in 2021 and is projected to reach USD 8.45 Billion by 2028, growing at a CAGR of 7.6% from 2022 to 2028.