Automotive Solenoid Market Segmentation:
Vehicle Type Segment Analysis
The passenger cars segment share in the automotive solenoid market is expected to reach 57% by 2035. The market is fueled by a substantial uptake of inexpensive, and luxury automobiles. The growing number of electronic parts used in automobiles and the rising need for vehicle safety systems were the main factors driving the market. Over the course of the projection period, it is anticipated that the growing use of electrical components in the engine and gearbox compartment over the past few decades would enhance demand for automotive solenoids. This is particularly common in commercial vehicles, as the quantity of electronic components is increasing at a notable pace. Over 57 million passenger automobiles were produced globally in 2021.
Function Segment Analysis
Automotive solenoid market from the fluid control segment is expected to have a share of 45% by 2035. The growth of the segment is because of the various applications such as moving fluids and/or particles through a pipe across a system and can be found in the manufacturing, healthcare, or automotive industries. The medium could be commercial gas, compressed air, or other materials like fuel, alkalis, acids, or steam. Solenoids for fluid control are important devices that regulate fluid flow or activate pumps to generate pressure for many uses, including steering and braking. Aside from this, the motion control market is anticipated to grow as more people choose electric automobiles.
Our in-depth analysis of the global automotive solenoid market includes the following segments:
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