The VVT & start-stop system market in the automotive industry is expected to grow at a CAGR of 5.7%, reaching USD 58.8 billion by 2027 from USD 42.3 billion in 2021.
The market growth is driven by factors such as government regulations aimed at reducing emissions levels and the increasing hybridization of vehicles.
Among the different segments, the gasoline VVT system is expected to witness the fastest growth. Gasoline engines offer better performance advantages compared to diesel engines, and gasoline vehicles have lower particulate emissions, making them more desirable globally.
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Cam-phasing plus changing technology is projected to be the fastest growing in the global VVT system market, particularly in Asia Pacific and North America. This can be attributed to the rise in performance-focused fuel-efficient vehicles and stringent emissions regulations. The Asia Pacific region, including countries like China, India, and South Korea, shows high rates of technological adoption, driving the growth of VVT systems.
In the start-stop system market, the Integrated Starter Generator (ISG) technology is anticipated to have the fastest growth rate globally. The ISG system combines the starter and alternator into a single unit, providing enhanced efficiency and reducing fuel consumption. Its adoption is expected to outpace other start-stop technologies.
Asia Pacific is the largest market for VVT & start-stop systems due to the increasing automotive production in countries like Japan, China, and India. The region dominates the global VVT system market, driven by the growing manufacturing of vehicles equipped with VVT systems. India, in particular, is experiencing high growth due to the preference for diesel-powered vehicles and the demand for VVT systems in diesel engines. The region’s improving socio-economic conditions and the demand for premium segment passenger cars also contribute to market growth.
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Key players in the global VVT & start-stop system market include Continental AG, DENSO Corporation, BorgWarner, Inc., Robert Bosch GmbH, Aisin Seiki Co., Ltd., and Hitachi, Ltd. These companies focus on developing new products, expanding their operations, and forming strategic collaborations to gain a competitive edge in the automotive solenoid market.
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