The market for gasoline and diesel engines for passenger cars and commercial vehicles is the main factor driving this industry. Additionally, strict fuel-efficiency regulations are being implemented by governments worldwide to lower car emissions. Due to this, more manufacturers are concentrating on creating cutting-edge technologies like variable valve participation in ongoing, which can improve engine efficiency while lowering toxins. The movement toward autonomous driving, which is gaining traction, is another element boosting market growth. Sophisticated detection systems, which depend on effective powertrain systems and precise control characteristics, are a key component of autonomous driving technology. Due to its capacity to sustain optimal performance parameters across a variety of operating situations, variable valve actuation offers an excellent foundation for these operations.
The market for variable valve actuation is required since it is a crucial technology for precise engine power & fuel efficiency control. Precision combustion control can be provided by variable valve actuation systems, which enhance engine performance while lowering emissions. Additionally, these systems may modify engine load and speed based on road conditions, enabling vehicles to achieve improved fuel efficiency whether travelling on a highway or in a city. Additionally, by delaying car repairs and other periodic chores, they aid in lowering the amount of administration necessary. They are consequently being included in modern car designs more frequently.
The technology known as variable valve actuation (VVA) regulates the intervals between the opening and closing of the intake and exhaust valves in internal combustion engines. By altering the timing of the intake and exhaust valves according to operating conditions, VVA is primarily used to optimise combustion characteristics, fuel efficiency, and emissions. It is possible to achieve this by using parts like camshafts, rocker arms, dynamic actuators, ignition coils, and other cutting-edge hardware/software designs. Variable valve actuation enables better powertrain efficiency for either gasoline or diesel locomotives by enabling precise valve timing parameter adjustments under various operating situations. For greater vehicle acceleration, it also offers superior transient response time. Ultimately, it aids in the development of cleaner, more effective powertrains for automakers.
At a CAGR of 7.72% over the projected period, the global market for variable valve actuation is anticipated to increase from USD 3.02 billion in 2021 to USD 5.06 billion by 2031.
The need for gasoline and diesel engines in passenger cars and commercial vehicles has contributed to the expansion of this market. Additionally, the market for variable valve actuation is expanding due to the growing need for fuel-efficient and low-emission automobiles.
High cost is one of the biggest issues the industry for variable valve actuation has to deal with. Variable valve actuators are an expensive addition to an engine system since they are pricy and necessitate regular maintenance. The intricacy of integrating these technologies in various engines may also present manufacturers with extra challenges. Potential consumers may become uncertain as a result and be reluctant to use variable valve actuation systems. Further, because there is a lack of consistency between areas, it is challenging for businesses to create products that meet client needs globally. These aspects can prevent this market from expanding. Conversely, technological developments in areas like artificial intelligence (AI) and machine learning (ML), which make it simpler to adapt variable valve actuation systems to various engine types, are anticipated to lessen these difficulties and open up new market expansion prospects.
COVID-19 Impact and Market Status
Consumer spending on cars has decreased as a result of the COVID-19 epidemic, forcing several automotive manufacturing companies to close down their facilities. As a result, the market for variable valve actuation has experienced decreased demand and production. Conversely, through stimulus packages, governments worldwide are attempting to revitalise the automotive sector. Additionally, manufacturers are concentrating on releasing cutting-edge technologies like hybrid and electric vehicles, which will further fuel this market's expansion throughout the course of the projection period. The market for variable valve actuation is therefore anticipated to increase positively between 2021 and 2031.
The 4-cylinder Type emerged as the Most Booming Segment
The market is divided into groups based on type 4-cylinder, 6-cylinder, and others. The segment of 4 cylinders is therefore anticipated to experience the quickest growth in the market for variable valve actuation during the anticipated period due to its high efficiency and cost-benefit. Due to their fuel efficiency and dependability, 4-cylinder engine demand is anticipated to rise dramatically.
The Most Prominent Application is the Gasoline Engine Sector
The market is split between diesel engines and gasoline engines according to application. Due to its higher efficiency and lower pollution levels, the gasoline engine sector is anticipated to hold the biggest market share for variable valve actuation during the projection period. A further factor driving this segment's expansion is the rising number of gasoline-powered cars and trucks being produced for both personal and professional consumption.
The Most Promising End-Use Sector is the Automotive
The variable valve actuation market is divided into automotive, marine, aerospace, and other industries based on the end-use. Due to the rising need for cars with effective engine systems around the world, the automotive industry now holds the majority of this market's revenue and is anticipated to maintain its growth throughout the forecast period.
The Asia Pacific Region to render Ample Financing Opportunities
The market for variable valve actuation is divided into North America, South America, Africa, Asia Pacific, Europe, and the Middle East on a regional basis. Due to the existence of numerous vehicle manufacturers in nations like China, Japan, and India, the Asia Pacific region is anticipated to have the greatest share of this market among these three. Particularly encouraging the growth of this market in the Asia Pacific is the region's growing investment in infrastructure development projects that need effective engine systems with low emission standards.
Robert Bosch GmbH (Germany), Lear Corporation (U.S.), Delphi Technologies (U.K.), Continental AG (Germany), Denso Corporation (Japan), Honda Motor Co., Ltd. (Japan), and other key players are active in this industry. To be competitive in this industry, these businesses have utilised tactics including product releases and alliances.
Recent Developments in the Variable Valve Actuation Market
• The Dual VVT-iE technology from Toyota Motor Corporation uses two independent electrohydraulic camshaft actuators to modify the timing and lift of intake valves for maximum effectiveness and performance.
• The Nu 2.0 engine from the Hyundai Motor Group will debut in 2020 with a variable valve actuation system that is intended to increase fuel efficiency and boost powertrain responsiveness.
Variable Valve Actuation Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 5.06 billion|
|Growth Rate||CAGR of 7.72 %during 2022-2031|
|Segment Covered||by Type, By Application, by End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Robert Bosch GmbH (Germany), Lear Corporation (U.S.), Delphi Technologies (U.K.), Continental AG (Germany), Denso Corporation (Japan), Honda Motor Co., Ltd. (Japan), and other key players are active in this industry.|
Key Segments of the Global Variable Valve Actuation Market
By Type Overview, 2021-2031 (USD Billion)
- 4 Cylinder
- 6 Cylinder
By Application Overview, 2021-2031 (USD Billion)
- Gasoline Engine
- Diesel Engine
By End-Use Overview, 2021-2031 (USD Billion)
By Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and Africa