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Automotive Solenoid: Critical Driver Shaping the Increasing Vehicle Automation Drives Growth In The Automotive Solenoid Market Market in 2025
Automotive Solenoid
Automotive Solenoid Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the automotive solenoid market has witnessed a robust expansion. The market, which was valued at $5.02 billion in 2024, is projected to escalate to $5.42 billion in 2025, achieving a compound annual growth rate (CAGR) of 8.1%. The past growth surge can be credited to factors such as a boost in automotive manufacture and sales, a growing demand for fuel-efficient and environmentally-friendly vehicles, the widening automotive aftermarket, heightened safety and security mandates, as well as globalization and international trade expansion.
Automotive Solenoid Market Size Forecast: What's the Projected Valuation by 2029?
Over the upcoming years, the automotive solenoid market is anticipated to experience robust growth, reaching an estimated market value of $7.52 billion in 2029, representing a compound annual growth rate (CAGR) of 8.5%. The forecasted growth can be ascribed to factors such as the electrification of vehicles, development of autonomous vehicles, tight government regulations, the expansion of the connected car ecosystem and increasing disposable income. Key trends projected for this period include the miniaturization and integration, energy-efficient solenoids, the use of 3D printing and advanced materials, and strategic partnerships.
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What Are the Drivers Transforming the Automotive Solenoid Market?
The increase in vehicle automation is projected to boost the automotive solenoid market's expansion. Autonomous vehicles, or self-driving vehicles, function using artificial intelligence. The rise of these autonomous vehicles and e-mobility offers chances for the creation of innovative automotive solenoids. Gerber Injury Law, a legal practice, states that the global market for autonomous vehicles is growing at a rate of 16% annually and is forecasted to hit a trillion dollars by 2025.
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What Long-Term Trends Will Define the Future of the Automotive Solenoid Market?
There has been a noticeable trend towards product innovations in the automotive solenoid market. This essentially pertains to the development and introduction of new products or the enhancement of existing ones. Take for example, Bürkert Fluid Control Systems, a company based in Germany that deals with the production of systems for measuring, controlling and regulating fluids. In February 2024, they introduced specially designed solenoid valves intended for use in hydrogen fuel cell applications. The valve features a body made of 316 stainless steel, a design choice made to counteract hydrogen embrittlement and thereby ensure greater durability and safety during use in hydrogen applications.
Which Segments in the Automotive Solenoid Market Offer the Most Profit Potential?
The automotive solenoid market covered in this report is segmented -
1) By Function: Fluid Control, Gas Control, Motion Control
2) By Protocol: Direct Acting, Manual Reset, Pilot Operated
3) By Valve Design: 2-Way Valve, 3-Way Valve, 4-Way Valve, 5-Way Valve
4) By Vehicle Type: Passenger Cars, Commercial Vehicles
5) By Application: Engine Control and Cooling System, Fuel and Emission Control, Safety and Security, Body Control and Interiors, HVAC, Other Applications
Subsegments:
1) By Fluid Control: Fuel Injection Solenoids, Transmission Control Solenoids, Brake System Solenoids
2) By Gas Control: EGR (Exhaust Gas Recirculation) Solenoids, Air Intake Control Solenoids, Turbocharger Wastegate Solenoids
3) By Motion Control: Door Lock Solenoids, Window Lift Solenoids, Seat Adjustment Solenoids
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Which Firms Dominate the Automotive Solenoid Market by Market Share and Revenue in 2025?
Major companies operating in the automotive solenoid market include Robert Bosch GmbH, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, BorgWarner Inc., Hitachi Ltd., Continental AG, Mahle GmbH, ASCO Valve Inc., Norgren Inc., Danfoss A/S, Delphi Technologies plc, Denso Corporation, ZF Friedrichshafen AG, Nidec Corporation, Schaeffler AG, Rheinmetall Automotive AG, Stoneridge Inc., TLX Technologies LLC, Gideon Automotive Industries Ltd., Kendrion N.V., MZW Motor GmbH, Bicolex Enterprises Ltd., Zonhen Electric Appliances Co. Ltd., Padmini VNA Mechatronics Pvt. Ltd., Jaksa d.o.o., Global Point Magnetics Asia Co. Ltd., Endicott Coil Company Inc., Able Coil & Electronics Co. Inc., Hybrid Electronics Corp., Jewell Instruments LLC, Datatronics Inc., Plast-O-Matic Valves Inc., Magnatrol Valve Corp., Texas Industrial Remcor Inc., Electricsolenoidvalves.com, American Precision Supply Inc., Liberty Industries Inc., Infineon Technologies AG
Which Regions Offer the Highest Growth Potential in the Automotive Solenoid Market?
Asia-Pacific was the largest region in the automotive solenoid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive solenoid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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