Market Leadership - VVT & Start-Stop System Market
The automotive VVT & start-stop system market is projected to grow at a CAGR of 5.7%, reaching USD 58.8 billion by 2027 from USD 42.3 billion from 2021. The growth of the market is primarily driven by the increased demand for fuel efficient vehicles. Stringent emission norms and the adoption of alternative fuel vehicles are expected to increase the demand for VVT & start-stop systems in the European and Asian countries.
The growth of the market is influenced by the growing demand for fuel-efficient vehicles, rise in hybridization of vehicles, steady growth in ICE vehicle demand, government focus on reducing emissions, and stringent emission norms. The market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), Denso Corporation (Japan), BorgWarner Inc. (US), Hitachi Ltd. (Japan), and Aisin Seiki Co. Ltd. (Japan). These companies adopted strategies such as new product development, expansions, collaborations, partnerships, and mergers & acquisitions to gain traction in the VVT & start-stop system market.
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Robert Bosch GmbH (Bosch) is a key player in the start-stop system market. The company delivers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. Bosch start-stop starters enable the starter motor to cope with the more frequent functioning of the engine. They optimize the commutator for longer service, thus increasing the engine efficiency. Alternators designed by Bosch are ideal for start-stop systems as they are efficient at low engine speeds.
Continental AG has the potential to become a leader in the VVT & start-stop system market. Its expertise in passenger safety, connectivity services, and telematics is expected to benefit the company in the future. The company offers VVT & start-stop systems for passenger cars only. The Interior division of Continental produces DC/DC converters for power stabilization during the engine cranking in a stop-start system. The company also offers solenoid direct injection to the Engine Control Unit that serves the operation of variable valve lift control, lambda control LIN/BIN, and turbocharger.
DENSO Corporation is a specialist in VVT components as well as start-stop systems. It offers electric variable cam timing, integrated variable cam timing, and variable cam timing components that activate the intake/exhaust valves on the engine combustion chamber to improve fuel economy. Also, the company manufactures starters and tandem solenoid (TS) starters under the powertrain system division that supports the start-stop systems of vehicles.
BorgWarner Inc. is a key player in the VVT & start-stop system market. The variable valvetrain systems offered by the company help achieve fine system tuning for optimum chain tension and VCT performance. The company introduced a new commercial vehicle starter, the Delco Remy Genuine Products 31MT, that provides increased reliability, durability, and up to 10% more peak power than comparable products. Moreover, the company has acquired Delphi Technologies to strengthen its capability, scale, and Electronics and Power Electronics Products portfolio. Also, the company expanded its new production plant in the Caidian Economic Development Zone in Wuhan, China. This plant will produce drive motors, P2 motors, belt alternator starter systems, starters, alternators, and related components.
Hitachi, Ltd. comprises various business divisions, such as Information & Telecommunication Systems, Electronic System & Equipment, Automotive Systems, Smart Life & Eco-friendly Systems, Social Infrastructure & Industrial Systems, High Functional Material & Component, and Construction Machinery. The company offers valve timing control systems, electromotive VTC, VTC solenoid valves, and variable valve event and lift (VEL). Apart from this, Hitachi, Ltd has formed a new business division named Hitachi Astemo, Ltd. by merging its automotive business (Hitachi Automotive Systems, Ltd.) with three other companies (Keihin, Showa, and Nissin Kogyo) and Honda Motor Co., Ltd. to realize superior technologies in powertrain, advanced chassis, and ADAS domains.
Related Reports:
VVT & Start-Stop System Market by Technology (Cam-phasing, Cam-phasing Plus Changing, BAS, Enhanced Starter, Direct Starter, ISG), Phaser Type (Hydraulic, Electronic), Valvetrain (SOHC and DOHC), Fuel type, Vehicle, and Region - Global Forecast to 2027
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