Automotive Solenoid Market Size - By Valve Design, By Vehicle, By Application, By Function, By Sales Channel, Analysis, Share, Growth Forecast, 2024 - 2032

Automotive Solenoid Market Size

The global automotive solenoid market was valued at USD 4.7 billion in 2023 and is projected to grow at a CAGR of 7.1% between 2024 and 2032. The increasing global adoption of electric and hybrid vehicles (EVs and HEVs) is significantly driving business growth. Solenoids are crucial in EVs and HEVs for managing fluid and gas flow, thermal management, and power distribution.
 

As governments implement stricter emission regulations and consumers seek greener alternatives, the expanding EV and HEV market heightens the demand for specialized solenoids. This trend is leading automakers to invest more in solenoid-based technologies, thereby accelerating market growth.
 

Moreover, the increasing demand for fuel efficiency and emission reduction is significantly driving the automotive solenoid market. Governments worldwide are enforcing stringent emission regulations, compelling automakers to develop fuel-efficient and environmentally friendly vehicles. Automotive solenoids play a crucial role in systems like fuel injection and engine management, enabling precise control over fuel delivery and combustion, thereby enhancing efficiency and reducing emissions. In electric and hybrid vehicles, solenoids are essential for managing thermal systems and optimizing battery performance, further contributing to emission reduction efforts. As consumer demand for fuel-efficient cars grows, solenoids help manufacturers meet these expectations, driving their adoption across internal combustion engine (ICE), hybrid, and electric vehicle platforms.
 

Automotive Solenoid Market Trends

Automotive solenoid is witnessing significant technological advancements in automotive technology. The growth of the market is fueled by increasing demands for vehicle automation, efficiency, and emission reduction. Modern vehicles feature advanced systems such as automatic transmissions, fuel injection, ABS (Anti-lock Braking System), and HVAC systems, all of which rely on solenoids for precise control of fluids, gases, and mechanical functions. As vehicles integrate features like start-stop systems, electric and hybrid drivetrains, and advanced driver-assistance systems (ADAS), the demand for high-performance solenoids that enhance safety and energy efficiency rises.
 

Furthermore, the shift toward electric vehicles (EVs) necessitates solenoids for thermal management and battery cooling, further driving market growth. Continuous innovation in solenoid design ensures compatibility with these evolving automotive technologies, spurring market expansion.
 

Rising material costs significantly hinder the automotive solenoid market by directly increasing production expenses. Solenoids rely on materials such as copper, steel, and rare earth metals, which often experience price fluctuations due to supply chain disruptions, geopolitical events, and rising global demand. As raw material costs climb, manufacturing expenses for solenoids also rise, compressing profit margins for both manufacturers and OEMs. Additionally, automakers face constant pressure to maintain competitive vehicle pricing, making it challenging to absorb these higher costs without passing them on to consumers. This dynamic can slow the adoption of solenoid technologies, particularly in price-sensitive markets, stifling innovation and ultimately affecting the market's growth trajectory.
 

Automotive Solenoid Market Analysis

Based on vehicles, the passenger vehicles segment accounted for over 65% of the market share in 2023 and is expected to exceed USD 5.5 billion by 2032. This dominance results from several key factors. Firstly, passenger vehicles account for the majority of global vehicle sales, particularly in regions like Asia-Pacific, North America, and Europe.
 

The growing demand for fuel-efficient cars, along with advanced technologies such as automated transmission, engine management, and emission control systems, drives the adoption of solenoids in these vehicles. Additionally, the rise in electric and hybrid passenger vehicles further increases the demand for solenoids. These vehicles require efficient control systems for battery management, regenerative braking, and energy optimization.
 

Based on the functions, the fluid control segment held around 53% of the market share in 2023, due to its critical role in managing various fluid-based systems within vehicles. Solenoids in fluid control applications are essential for systems like fuel injection, transmission, braking (ABS), and HVAC. These systems rely on precise fluid flow control, making solenoids indispensable for optimizing vehicle performance, fuel efficiency, and emissions.
 

Additionally, the increasing adoption of fuel-efficient technologies and stricter emission regulations drive demand for advanced fluid control solenoids, especially in internal combustion engine (ICE) vehicles. As automakers strive to meet stringent environmental standards, fluid control solenoids become vital for reducing emissions by improving combustion efficiency and fuel delivery.
 

The Asia Pacific region accounted for over 45% share of the automotive solenoid market in 2023 and is expected to exceed USD 4 billion by 2032. China leads the market in Asia Pacific region and is expected to exceed USD 1.5 billion by 2032. As the world's largest producer and consumer of automobiles, including electric vehicles (EVs), China drives significant demand for solenoids across various applications such as transmission, engine management, and emission control systems. Additionally, China's commitment to reducing emissions and adopting fuel-efficient technologies further amplifies the need for advanced solenoid systems. Government incentives for EV adoption and continuous technological advancements support substantial market growth in China.
 

The North American automotive solenoid market is driven by the region's robust automotive industry, which focuses on advanced vehicle technologies such as transmission control, engine management, and emission control systems. The United States is a key contributor, supported by high automotive production, the presence of major OEMs, and the growing demand for electric and hybrid vehicles. Additionally, stringent government regulations on fuel efficiency and emissions are increasing the demand for solenoids in engine and transmission systems. Canada's market also plays a significant role, emphasizing automation and automotive innovation.
 

Europe's robust automotive industry, stringent emission regulations, and increasing demand for advanced vehicle technologies drive the automotive solenoid market. Germany, France, the UK, and Italy play pivotal roles due to their established automotive manufacturing sectors and leading OEMs. The shift towards electric vehicles (EVs) and hybrid technologies further accelerates the demand for automotive solenoids, particularly in applications such as fuel management, transmission control, and braking systems. Additionally, Europe's focus on green mobility and sustainable transport solutions bolsters the adoption of solenoids for efficient vehicle performance and reduced emissions.
 

The automotive solenoid market in the Middle East & Africa (MEA) is experiencing steady growth, driven by increasing vehicle demand, particularly in the Gulf Cooperation Council (GCC) countries. However, the market's expansion is hindered by the slow adoption of advanced automotive technologies. In Latin America, Brazil and Mexico are leading market growth, supported by rising automotive production and a growing demand for emission control technologies, as these regions prioritize reducing environmental impact and fuel consumption.
 

Automotive Solenoid Market Share

Infineon Technologies AG, Eaton Corporation, and Bosch GmbH collectively held approximately 12% share of the automotive solenoid industry in 2023. Infineon is developing high-performance solenoids integrated with semiconductor solutions to enhance vehicle efficiency and reliability. The company focuses on electric vehicle (EV) applications, leveraging its expertise in power electronics and sensors to create solenoids that ensure precise control in transmission, braking, and fuel systems. Additionally, Infineon prioritizes sustainability by focusing on energy-efficient designs in automotive solenoid technology.
 

Eaton is driving innovation in solenoid technology, targeting fuel efficiency and emissions control for both internal combustion engines and hybrid/electric vehicles. The company is expanding its product range with advanced solenoid solutions for engine management, transmission, and fluid control systems. Furthermore, Eaton is investing in R&D to enhance durability and performance, while also seeking OEM partnerships to broaden market penetration.
 

Bosch is concentrating on high-precision solenoids to enhance vehicle performance, particularly in fuel injection and transmission systems. The company is integrating smart technologies into its solenoids to improve response times and reduce energy consumption. Bosch is also leading innovations for EV applications, utilizing its automation and electrification expertise to develop solenoids optimized for electric and hybrid vehicles.
 

Automotive Solenoid Market Companies

Major players operating in the automotive solenoid industry are:

• BorgWarner
• Bosch
• Continental
• Denso
• Eaton
• Hitachi Astemo
• Infineon Technologies
• Mahle
• Schneider Electric
• Valeo
   

Automotive Solenoid Industry News

• In October 2024, Atar Capital announced that its affiliate, Solero Technologies, has signed an agreement to acquire Kendrion's automotive business in Europe and the United States. This strategic move aims to enhance Solero's portfolio of sustainable automotive products and expand its global presence. Solero Technologies is a global supplier of controls offering a comprehensive range of actuator and solenoid valve solutions that support many automotive systems. With this acquisition, Solero Technologies will gain additional manufacturing capabilities across five plants in Europe and one in the U.S.
   
• In January 2024, Nidec Power Train Systems announced the development of an industry-first solenoid valve designed specifically for diagnosing blow-by gas leaks in automotive engines. This innovative product is crucial for meeting stringent environmental regulations, particularly the On-Board Diagnostics II (OBDII) standards set by the California Air Resources Board (CARB), which require vehicles to have effective blow-by gas leak detection systems.
   

The automotive solenoid market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipment (Units) from 2021 to 2032, for the following segments:

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Market, By Valve Design

• 2-way valve
• 3-way valve
• 4-way valve
• 5-way valve

Market, By Vehicle

• Passenger vehicles
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)

Market, By Application

• Engine control
• Fuel & emission control
• Transmission control
• Braking system
• Body control & interiors
• HVAC system
• Others

Market, By Function

• Motion control
• Fluid control
• Gas control

Market, By Sales Channel

• OEMs (original equipment manufacturers)
• Aftermarket

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa