Market Overview

In 2024,the automotive active bonnet industry is projected to produce revenue of USD 2,611.0 million, which is projected to experience a CAGR of 9.2% over the projection period, to attain USD 4,422.4 million by 2030. This growth can be credited to the growing stringency of the regulations to reduce the count of casualties because of accidents.

Some of the techniques used involve development of improved components and optimization of the active bonnets. Commonly used in manufacturing these components are high strength steel, aluminum and composite materials that are light in weightbut at the same time possess high strength and durability. Active bonnet designs include aerodynamics to enhance performance and fuel efficiency is utilized.

The increased consciousness amongst the consumer about the standard safety parameters of a car and the benefits of active bonnets is forcing the consumer to give priority to safety while choosing a car. Social marketing increasing consumer sensitivity to vehicles and their safety has helped in improving on road safety and protection of pedestrians.

Automotive companies continue informing the public about the benefits of the active bonnet systems and other safety features already in cars through marketing, and live product demonstrations.

Key Insights

The electronic control unit (ECU) dominates the market with a 40% share in 2024, widely used for synchronizing and managing active bonnet systems and other safety features.

The ECU makes decisions on deploying active hinge systems based on data from bumper sensors and other vehicle systems, improving pedestrian safety.

Bumper sensors are the fastest-growing category with a 9.6% CAGR during 2024–2030, essential for detecting collisions or impacts with pedestrians or objects.

Passenger cars hold a 70% share in 2024, widely using active bonnet systems to comply with regulatory standards and meet customer demands for safety features.

Commercial vehicles have a faster-growing segment with a 9.4% CAGR during 2024–2030, due to their larger size and risk factor for pedestrians, necessitating safety features like active bonnet systems.

OEMs dominate the market with a 75% share in 2024, offering components with structural integrity, perfect fit, and warranties, enhancing customer trust and satisfaction.

The aftermarket segment is growing faster with a 9.5% expected CAGR, providing a wide range of materials, prices, vehicle customization, and retrofitting options for active bonnet systems.

Asia-Pacific is the largest market with a 55% share in 2024, driven by high-volume automobile sales, access to raw materials, affordable production facilities, rising awareness of safety features, technological advancements, electric vehicle adoption, and aftermarket growth.

The automotive active bonnet market is quite competitive, and major companies are focusing on meeting the evolving industry and consumer requirements, building strategic partnerships, and offering innovative products.

Source: P&S Intelligence