The global automotive start stop systems market size is projected to reach USD 50.88 billion by the end of 2026. The increasing demand for low-fuel consuming and high efficiency products will aid market growth. According to a report published by Fortune Business Insights, titled “Automotive Start-Stop System Market Size, Share, and Global Trend By Component Type (Engine Control Unit, 12V DC Converter, Battery, Neutral Position Sensor, Wheel Speed Sensor, Crankshaft Sensor, and Alternator). By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Geography Forecast till 2026,” the market was worth USD 20.09 billion in 2018 and will exhibit a CAGR of 12.4% during the forecast period, 2019-2026.

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A few of the leading companies that are currently operating in the market include:

Continental AG
Denso Corporation
Delphi Technologies PLC
Robert Bosch GmbH
BorgWarner Inc.
Hitachi Ltd.
Increasing Number of Product Launches Will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market. In March 2019, Borg Warner announced the launch of its next generation of cam-torque actuators. The product is set to witness a huge demand in the coming years, owing to exceptional properties as well as massive global consumer reach of the company. Bor Warner’s latest range of actuators will not only help the company grow, but will have a direct impact on the growth of the market in the coming years.

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Europe Currently Dominates the Global Market; Stringent Government Regulations to Aid Growth

The report analyzes the ongoing automotive start-stop systems market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Europe held the largest market share in 2018. The stringent government rules and regulations imposed on the emission of greenhouse gases have had a direct impact on the growth of the market in this region. Besides Europe, the market in Asia Pacific will witness considerable CAGR in the coming years, driven by the massive adoption of automobile and electric vehicles in this region. As of 2018, the market in Asia Pacific was worth USD 6.27 billion and this value is projected to increase further in the coming years.

Industry Developments:

December 2018: Denso Corporation collaborated with Aisin Seiki Co., Ltd. to form a new company. BluE Nexus will aim to develop & sell driving modules for EVs.

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Automotive Start-Stop System Market Segmentation

By Component Type

Engine Control Unit
12V DC Converter
Battery
Neutral Position Sensor
Wheel Speed Sensor
Crankshaft Sensor
Alternator
By Vehicle Type

Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
By Geography

North America (U.S., Canada, Mexico)
Europe (U.K., Germany, France, and Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
Rest of the World
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