The Automotive Solenoid Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive Solenoid Market?
The market size of the automotive solenoid has experienced significant growth in the past years. It is projected to increase from $5.02 billion in 2024 to $5.42 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive Solenoid Industry?
The Automotive Solenoid Global Market Report 2025 predicts that by 2029, the market size will have expanded to $7.52 billion. This reflects a compound annual growth rate (CAGR) of 8.5%.
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What are the Key Growth Drivers Fueling the Automotive Solenoid Market?
The key drivers in the automotive solenoid market are:
• Electrification of vehicles
• Autonomous vehicle development
• Government regulations becoming more stringent
• Expansion of the connected car ecosystem
Global Market Segmentation: Identifying Major Automotive Solenoid Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Automotive Solenoid Market?
The key trends in the contrast media market are:
• Electrification of vehicles and development of autonomous vehicles is shaping the future of the market.
• Strict government regulations and expansion of the connected car ecosystem are significant trends.
• Miniaturization and integration, coupled with energy-efficient solenoids, are emerging trends.
• The incorporation of 3D printing and advanced materials, as well as strategic partnerships are prevalent trends.
Who Are the Top Competitors & Leading Players in the Automotive Solenoid Market?
Major companies in the automotive solenoid market are:
• 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
Regional Dominance: Which Area Leads the Global Automotive Solenoid Market?
Asia-Pacific was the largest region in the automotive solenoid market in 2024
