Automotive Solenoid Market | Key Growth Factors, Business Outlook, and Trends up to 2029
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How Is the Automotive Solenoid Market Growth Forecast from 2025 to 2029?
The automotive solenoid market size has grown strongly in recent years. It will grow from $5.02 billion in 2024 to $5.34 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increase in automotive production and sales, rise in demand for fuel-efficient and eco-friendly vehicles, expanding automotive aftermarket, enhanced safety and security requirements, globalization and international trade.
The automotive solenoid market size is expected to see strong growth in the next few years. It will grow to $7.24 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to electrification of vehicles, autonomous vehicle development, stringent government regulations, expansion ofThe connected car ecosystem, rising disposable income. Major trends in the forecast period include miniaturization and integration, energy-efficient solenoids, 3D printing and advanced materials, strategic partnerships.
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Which Major Growth Factors Are Shaping the Automotive Solenoid Market?
The rising automation in vehicles is expected to propel the growth of the automotive solenoid market. Autonomous vehicles are self-driven vehicles, which operate through artificial intelligence. Growing autonomous vehicles and e-mobility provide opportunities to produce innovative automotive solenoids. According to Gerber Injury Law, a law firm, the autonomous vehicles market is growing 16% each year across the world, and it is expected to reach a trillion-dollar by 2025.
Which Segment Offers the Highest Growth Opportunities in the Automotive Solenoid Market?
The automotive solenoid market covered in this report is segmented —
1) By Function: Fluid Control, Gas Control, Motion Control
2) By Protocol: Direct Acting, Manual Reset, Pilot Operated
3) By Valve Design: 2-Way Valve, 3-Way Valve, 4-Way Valve, 5-Way Valve
4) By Vehicle Type: Passenger Cars, Commercial Vehicles
5) By Application: Engine Control and Cooling System, Fuel and Emission Control, Safety and Security, Body Control and Interiors, HVAC, Other Applications
Subsegments:
1) By Fluid Control: Fuel Injection Solenoids, Transmission Control Solenoids, Brake System Solenoids
2) By Gas Control: EGR (Exhaust Gas Recirculation) Solenoids, Air Intake Control Solenoids, Turbocharger Wastegate Solenoids
3) By Motion Control: Door Lock Solenoids, Window Lift Solenoids, Seat Adjustment Solenoids
What Are the Key Industry Trends Transforming the Automotive Solenoid Market?
Product innovations are a key trend gaining popularity in the automotive solenoid market. Product innovation is the creation or introduction of a new good or launching the improved version of a previous good. For instance, in February 2024, Bürkert Fluid Control Systems, a Germany-based manufacturer of measuring, control and regulating systems for fluids, launched specialized solenoid valves designed specifically for hydrogen fuel cell applications. It features a 316 stainless steel body to combat hydrogen embrittlement, ensuring durability and safety in hydrogen applications.
Who Are the Key Players Driving the Automotive Solenoid Market?
Major companies operating in the automotive solenoid market include Robert Bosch GmbH, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, BorgWarner Inc., Hitachi Ltd., Continental AG, Mahle GmbH, ASCO Valve Inc., Norgren Inc., Danfoss A/S, Delphi Technologies plc, Denso Corporation, ZF Friedrichshafen AG, Nidec Corporation, Schaeffler AG, Rheinmetall Automotive AG, Stoneridge Inc., TLX Technologies LLC, Gideon Automotive Industries Ltd., Kendrion N.V., MZW Motor GmbH, Bicolex Enterprises Ltd., Zonhen Electric Appliances Co. Ltd., Padmini VNA Mechatronics Pvt. Ltd., Jaksa d.o.o., Global Point Magnetics Asia Co. Ltd., Endicott Coil Company Inc., Able Coil & Electronics Co. Inc., Hybrid Electronics Corp., Jewell Instruments LLC, Datatronics Inc., Plast-O-Matic Valves Inc., Magnatrol Valve Corp., Texas Industrial Remcor Inc., Electricsolenoidvalves.com, American Precision Supply Inc., Liberty Industries Inc., Infineon Technologies AG
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What Are the Regional Insights for the Automotive Solenoid Market Forecast?
Asia-Pacific was the largest region in the automotive solenoid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive solenoid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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