BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research analyzes the opportunities and challenges present in the global market for light duty stop-start vehicles (SSVs), including global market forecasts for light duty SSVs, segmented by technology and region, through 2024.
Stop-start systems, which allow the engine to stop automatically instead of idling when a vehicle is stationary and to quickly restart when it is time to resume driving, are gaining increased acceptance from both automakers and vehicle owners. Besides providing greater fuel economy, advanced stop-start functionality also requires that other systems are also electrified and made more efficient. Click to tweet: According to a new report from Navigant Research, vehicles with stop-start capability are expected to account for 55 percent of all light-duty vehicles sold by 2024, increasing from 22 percent in 2015.
“The basic stop-start system is gradually evolving into one piece of a multifaceted approach to improving fuel economy in light duty vehicles,” says David Alexander, senior research analyst with Navigant Research. “This is spurring the development and implementation of ancillary systems, such as air conditioning, power steering, and brake assistance, that are only activated when required, rather than being a small but constant drain on engine output.”
North America has been a target market for SSVs since the technology was embraced in Western Europe, according to the report, but initial rollouts were met with a wave of consumer resistance. Manufacturers are now refining system performance to appeal to American drivers. Smoother and faster operation is key to gaining acceptance for stop-start systems in North America, the report concludes.
The report, Stop-Start Vehicles, analyzes the opportunities and challenges present in the global market for light duty SSVs. The study examines the major components of stop-start systems, with a focus on the technologies used for energy storage, including lead-acid batteries, lithium ion (Li-ion) batteries, and ultracapacitors. Global market forecasts for light duty SSVs, segmented by technology and region, extend through 2024. The report also contains profiles of the key market players and detailed analyses of the benefits and market drivers and barriers related to light duty SSVs. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Stop-Start Vehicles, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.