Market overview
From an estimated USD 42.3 billion in 2021, the global automotive VVT start-stop system market is expected to rise at a CAGR of 5.7 percent to USD 58.8 billion by 2027.
The demand for improved fuel efficiency and performance, stringent pollution requirements, and increased hybridization of vehicles are the main reasons driving the market for VVT and start-stop systems. Variable valve timing market (VVT) is a technique for adjusting the timing of a valve lift event to optimise performance, fuel efficiency, and emissions
Increased sales of SUVs and crossovers, particularly in the passenger car category, are also dominating the economy. The global market for Variable Valve Timing is steadily developing, owing to the growing need for engines that combine fuel economy with power and torque. To prevent such occurrences, regulatory authorities are establishing strict limits for vehicle emissions of hazardous gases. The overall carbon emissions of a vehicle are reduced by using a variable valve timing system. This is expected to increase market growth over the forecast period in a progressive manner.
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Market segmentation
Type of vehicle- This market is divided into passenger automobiles and commercial vehicles based on vehicle type. Because of the significant sales of passenger vehicles around the world, the passenger car category is predicted to have the greatest variable valve timing market share.
Type of phaser- The market is divided into two types of phasers: hydraulic cam phasers and electric cam phasers. The hydraulic cam phaser category accounts for the majority of the market.
Type of technology- The following segments make up the technology type section of the global variable valve timing market I.e.Variable Valve Actuation Systems and Cam-Phasing System
Regional overview
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the five regions that make up the market.
Asia-Pacific is home to about 60% of the world's population. Because of rising vehicle production in Japan, China, and India, Asia Pacific is the greatest market for VVT and start-stop system systems. In the region, the market for VVT technology is predicted to grow faster than in other parts of the world. Because of the growing manufacturing of vehicles with VVT systems, the region has the biggest share of Variable Valve Timing systems in the world.
Industry news
Major corporations are concentrating their efforts on acquisitions and cooperation in order to strengthen their market positions.
Denso Corporation, Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), Hilite International, Inc., Hitachi Automotive Systems (Japan), Johnson Controls, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany) are among the leading companies in the VVT market.
Hyundai Motor Group revealed in July 2019 that it has developed the world's first Continuously Variable Valve Duration (CVVD) technology, which would be used in future Hyundai and Kia automobiles.
In June 2019, Aisin Seiki Co., Ltd. launched a new firm, Aisin Sales Latin America, S.A., with Leon Import S.A., to serve the Central and South American markets, as well as the Caribbean market.
Continental AG and Horizon Robotics formed a joint venture in September 2021 to speed the commercialization of automotive artificial intelligence technology in the Chinese market.
BorgWarner, Inc. bought Delphi Technologies in October 2020 to expand its capability, scale, and range of Electronics and Power Electronics Products
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