Technavio’s latest market research report on the global
automotive active body panel market provides an analysis of the
most important trends expected to impact the market outlook from
2018-2022. Technavio defines an emerging trend as a factor
that has the potential to significantly impact the market and
contribute to its growth or decline.
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Technavio has published a new market
research report on the global automotive active body panel market
2018-2022 under their automotive library. (Photo: Business
According to Technavio analysts, the global automotive active
body panel market will grow at a CAGR of over 8% during
the forecast period. The growth in a number of on-road collisions
and the increased fatality rate is a major factor driving the
The automotive industry is evolving due to the advent of new
technologies, products, solutions, and more competition. The major
market driver for the development of advanced safety technologies
and solutions has been on-road collisions, which result in severe
injuries and casualties for the occupants of the vehicle and the
pedestrians every year.
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In this report, Technavio highlights the development of
energy-storing body panels such as supercapacitors as one of the
key emerging trends driving the global automotive active body panel
Development of energy-storing body
panels: use of supercapacitors
Automotive engineers and researchers are continuously working
towards bringing newer and improved technologies to the market.
Innovations in automotive electronics have led to the development
of all-electric cars, which is likely to replace the internal
combustion engine (ICE) driven vehicles. In China and European
economies, the market for electric vehicles (EVs) is proliferating
and dominating the market in terms of market share.
The rapidly emerging EV market is a challenge for the EV
manufacturers. EV uses lithium-ion battery, which has certain
disadvantages. It has a large size and capacity to provide
sufficient range, and due to this, it adds extra weight to the
vehicle. The battery, which is one of the major cost components in
the manufacturing of EVs, turns out to be quite expensive. To sort
these issues, manufacturers are reworking on technologies that can
replace the need for EV batteries.
One of the technologies that has been developed is body panels.
They can store energy and act as a charger for electric vehicles.
Body panels have witnessed an increase in development where
automakers are working on body panels made of carbon resin and
polymer fiber that serves the purposes of being strong enough to
act as a body panel and at the same time can charge the EV. These
materials are expected to charge the vehicle at a much faster rate
than the conventional lithium-ion batteries, which would lead to a
reduction in the overall weight of the vehicle by 20%.
“These body panels are designed to absorb
energy either while plugging-in or while regenerative braking,
wherein energy can be stored for future use. Lightweight
supercapacitors made of carbon resin can be used in the form of
high-density films consisting of all-carbon electrodes. Such body
panels have minimal emissions and better overall performance,” says
a senior analyst at Technavio for research on automotive
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Global automotive active body panel
This market research report segments the global automotive
active body panel market into the following applications (front and
rear) and key regions (the Americas, APAC, and EMEA).
The front segment held the largest market share in 2017,
accounting for nearly 93% of the market. The high market share can
be attributed to the increasing penetration rate of the active
front grille, active hood system, and upcoming optimized fenders in
the automotive market.
EMEA was the leading region for the global automotive active
body panel market in 2017, accounting for a market share of
43%. However, by 2022, the Americas is expected to surpass EMEA to
become the leading region, accounting for a market share of
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version on businesswire.com: http://www.businesswire.com/news/home/20180304005043/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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