According to the report, The automotive industry has been focusing on reducing the emission levels of vehicles
is one of the primary growth factors for the market. The increase in demand for fuel-efficient and lightweight vehicle components
is also expected to contribute significantly to the Automotive Control Valves market. Overall, Braking System
applications of Automotive Control Valves, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Automotive Control Valves Market identified that the demand is rising in many different parts of the world due to "Change in the rules and regulations of government as per the technology advancement in the vehicle components". Furthermore, some recent industry insights like "In August 2021, airbag systems make a key contribution to safe mobility in modern vehicles. As early as 1981, in Regensburg, Germany, Continental began developing the airbag control unit (ACU), the heart of a life-saving system. Production started in 1986, 35 years ago. Since then, more than 350 million ACUs have been manufactured at technology company sites around the world. The control unit meets the highest standards for crash safety and reliable airbag deployment. Therefore, in addition to other sensors, the ACU also receives signals from so-called pressure satellites, which detect and report the pressure wave of the impact." is constantly making the industry dynamic. One of the challenges that industry facing is "Rise in the adoption of engine downsizing by OEMs"
The By Vehicle Type, such as Passenger Car, is boosting the Automotive Control Valves market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Automotive Control Valves market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Control Valves market and other related sub-markets covered in the study.
o Key & emerging players in the Automotive Control Valves market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Automotive Control Valves market size is calculated using market estimation process, the Automotive Control Valves market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Control Valves market size has been validated using both top-down and bottom-up approaches.