Automotive Solenoid Market Size, Share, Industry, Forecast 2026
The global automotive solenoid market is estimated to be USD 4.3 billion in 2021 and is projected to grow at a CAGR of 7.3%, to reach USD 6.2 billion by 2026. The growth of this market is fuelled by rising automation in vehicles and increased vehicle manufacturing in the emerging economies due to urbanization. The fact that solenoids are used in various automotive systems and features in every vehicle...
Automotive Solenoid Market Size, Industry Share, Forecast 2026
The global automotive solenoid market, valued at USD 4.3 billion in 2021, is anticipated to grow at a CAGR of 7.3% and reach USD 6.2 billion by 2026. This growth is driven by the increasing automation in vehicles and the surge in vehicle manufacturing in emerging economies due to urbanization. Solenoids are utilized in various automotive systems and are present in every vehicle, contributing to the...