LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive camless engine market to grow to 168.5 thousand units by 2021, at a CAGR of close to 129% over the forecast period, according to their latest report.
The research study by Technavio on the global automotive camless engine market for 2017-2021 provides the major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
|An automotive camless engine is defined as an engine configuration wherein the poppet valves are operated using pneumatic, electrohydraulic or electromagnetic actuator systems instead of conventional cams. It is widely adopted due to its superior performance and flexibility in operation.|
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Technavio analysts highlight the following three factors that are contributing to the growth of the global automotive camless engine market:
- Better performance through greater fuel efficiency and more power
- Electrification of automotive components for efficient braking and higher fuel efficiency
- Decreasing prices of retail gasoline driving the ICE market
Better performance through greater fuel efficiency and more power
“Research and development in the field of automotive powertrain have led to the development of more efficient designs. The development of camless engine design is very efficient and durable, leading to its increased adoption,” says Neelam Barua, a lead analyst at Technavio for automotive manufacturing research.
The camless engine can provide 10%-15% higher fuel efficiency and reduced carbon emissions. This leads to better performance and greater fuel efficiency from the vehicle, leading to the increased adoption of the camless engine.
Electrification of automotive components for efficient braking and higher fuel efficiency
Various governmental regulations have directed regulations to decrease vehicle emissions and increase the fuel efficiency of vehicles. To comply with these regulations, manufacturers have been actively investing in technologies such as the camless engine to reduce the weight of the vehicle and introduce electronically controlled vehicle mechanisms to higher fuel efficiency and reducing tailpipe emissions. Many manufacturers are also exploring alternative propulsion technologies such as flexible fuel, natural gas engines, hybrid electric, and all-electric vehicles, which is leading to use electrification of components in vehicles. Such factors will push for the increased adoption of camless engines.
Decreasing prices of retail gasoline driving the ICE market
Gasoline is the leading source of energy for automotive vehicles, and its retail prices have played a crucial role in determining the dynamics of the automotive industry. The current dip in oil prices has been a boon to the automotive industries in the US and the western European countries, where a significant growth of the sports utility vehicle (SUV) market is observed.
“The lower gas prices will also increase the customer confidence in automatics, and the automotive market is expected to be dominated by automated manual transmission in future. The rise in manual transmission vehicles is expected to propel the demand for camless engines,” says Neelam.
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- Global Diesel Engines Market for Non-Automotive Applications 2017-2021
- Global Dual Fuel Engine Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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