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An automotive camless engine is an engine configuration in which the poppet valves are operated by electromagnetic, hydraulic or pneumatic based actuator systems that are installed in a free valve engine in place of conventional cams. This free valve engine is also known as a camless engine. The opening and closing of the valves are operated with the help of the camshafts, which uses springs or other means in place of cams. Integrating camless valve technology with high pressure direct fuel injection system further decreases the fuel consumption. Reduction in friction losses of the camshaft increases the overall efficiency of the valve train. The computer system controls the functioning of the camless engine to eliminate any kind of mechanical failure caused during changing the direction. The automotive manufacturers are working on developing engines with enhanced performance and high fuel efficiency to reduce the ever increasing carbon emissions. Moreover, the stringent regulations imposed by the government to reduce the carbon emission have encouraged the manufacturers to invest in the development of advanced technology for automotive camless engines. Also, the rising inclination of people towards light weight vehicles is compelling the OEMs to manufacture light weight engines and electronically controlled vehicle mechanisms. All these factors are penetrating the automotive camless engine in the global market.
Key Market Driver -
Increasing demand for greater performance, high fuel efficient as well as light weight vehicles are expected to drive the growth of the automotive camless engine market in the forecast period.
Key Market Restraint -
Shift of automotive industry towards electric vehicles may hamper the growth of the automotive camless engine market over the forecast period.
Globally, the automotive camles engine market is segmented by engine type, by vehicle, and by geographic coverage. The engine type is further segmented into gasoline engine and diesel engine. The gasoline engines have the maximum hold on the global automotive camless engine market. The gasoline is the leading source of energy for most of the automobiles. The gasoline engine is more efficient than the diesel engine. High number of vehicles have gasoline engines in them which ultimately increases the demand for automotive camless engines. The diesel engines are also showing a significant growth in the market. The diesel engines generates more heat and emits more gases than gasoline engines owing to this, the camless engine market is expected to grow in the diesel engine market to reduce the fuel emission problem and improve the performance of the vehicles. The vehicle type is divided into passenger cars and commercial vehicles. The passenger car segment holds the largest share of the global automotive camless engine market and is expected to maintain its dominance for a long period of time. The high demographic rate, improvement in the standard of living, rising urbanization, expansion of industrialization are some of the major reasons for the growth of automobiles across the globe. Also, the escalation in the purchasing power of people and the rising trend of car ownership is propelling the people to purchase new car which is eventually creating more demand for camless engine cars in the market. Moreover, the automotive manufacturers are investing massive amount to develop advanced technology in engines and other components to enhance the performance and efficiency of the vehicles. Also, the manufacturers are working towards reducing the weight of the vehicle to meet the changing demand of light weight vehicles. Therefore, the rising number of passenger cars is ultimately fuelling the growth of automotive camless engine market.
Major players operating in the global automotive camless engine market include Freevalve, Linamar Corporation, Musashi Seimitsu Industry Co., Ltd., BorgWarner Inc., Nemak , PARKER HANNIFIN CORP, ElringKlinger, Qoros Auto Co., Ltd., and Thyssenkrupp among others.
Geographically, the automotive camless engine market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest share of the global automotive camless engine market and is expected to uphold its leading position over the forecast period. Developing economies such as China and India have the highest rate production and sales of automobiles. Moreover, the increase in the urbanization, expansion of industrial sectors, developing infrastructures and rise in the disposable income are the primary reasons for the boost in the automotive industry in this region. The prominent manufacturing companies in countries such as India, China, and Japan are innovating and developing technologically advanced systems and components to boost the performance and reduce the fuel emission of the vehicles. All these factor are creating high demand for automotive camless engines in this region.
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