Automotive Actuators Market

Automotive Actuators Market Size (2023-2028):

The Global Automotive Actuators Market was worth US$ 29.04 billion in 2022 and is anticipated to reach a valuation of US$ 40.92 billion by 2028 and is predicted to register a CAGR of 7.10% during 2023-2028.

Attributable to the innovative progressions in the vehicle industry (for example, autonomous automobiles and propelled driver assistance systems (ADAS), like adaptive cruise control (ACC), automated brake help, lane-keep help, and others.), the use of actuators has expanded at a colossal pace. The expanding interest in eco-friendly automobiles, alongside the increasing interest in advanced actuator items, among the purchasers, is convincing the significant makers to put resources into R&D activities. The substantial expense in BLDC actuators is probably going to observe a decline, attributable to the falling costs of electronics. It is relied upon to encounter an increased deployment in the different vehicle applications.

Market Drivers:

There is a rise in the interest in eco-friendly automobiles precisely because of the increment in the pressure on the world governments and an increase in the expense of oil and energy. The development of the automotive actuators market is skyrocketing ever since the above variables came into play. The vehicle actuators offer positive results in lowering road fatalities and can be utilized in fuel pumps, headlight lifts, and electronic parking brakes, which triggers the significant development of the market.

Market Restraints:

Moreover, assembly, start-up, and maintenance of vehicle actuators need ample space, which acts as a hindrance to market development.

Market Recent Developments:

• CTS actuators convey quick reaction time, increased torque-to-current proportion, and exact direct-drive control. These actuators use lower-cost uni-directional drive circuits, and offer packaging and mounting adaptability in tight spaces, for example, motor compartments. CTS actuators meet all typical under-hood vehicle specifications and are perfect with different motor-control units. Choices incorporate integrated contacting or non-contacting sensors and engine drive/control hardware, offering total "smart actuator" capacity.
• Denso manufactured an Automatic Transmission (AT) move-by-wire framework that forms the driver's shift operation (P-R-N-D) electronically, which has prompted enhanced ease of activity and a decrease in the size of the switch. The AT Shift-by-Wire Actuator changes the activity method of the AT as indicated by the electric signal from the switch.
• The Saia-Burgess™ HVAC platform provides the business’s most considerable speed, and torque extends in DC and Stepper engine alternatives. These actuator stages are intended for the principal HVAC capacities, for example, Air Inlet, Airflow dissemination, and Airflow blend. The Saia-Burgess HVAC actuators meet the requested prerequisites of the distinctive airflow diverter capacities. Dependability results from demonstrated advancements being deployed, extensive testing, and numerous years’ field understanding of more than 500 million actuators delivered. 

AUTOMOTIVE ACTUATORS MARKET REPORT COVERAGE:

Market Segmentation:

Automotive Actuators Market - By Application:

• Fuel Injection Actuator
• Throttle Actuator
• Brake Actuator
• Others

Automotive Actuators Market - By Type:

• Linear Actuator
• Hydraulic Actuator
• Electric Actuator
• Others

Linear actuators are the future of the automatic actuators market as they can be utilized in machinery, valves, and other places where linear motion is needed. Since automation is increasing and factory automation is coupled with the internet of things, the usage of linear actuators is expanding.

Automotive Actuators Market - By Vehicle Type:

• Passenger vehicle
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

The sales of passenger and commercial automobiles continue to develop, and the OEMs have made interiors one of the significant focus regions, so as to enhance the security and convenience of passengers. As a part of that effort, actuators have garnered the necessary attention, to create seats more comfortable and smart.

Market Reginal Analysis:

The Global Automotive Actuators Market Report includes the segmentation of regions:

• North America - U.S, Canada
• Europe - Norway, Germany, Sweden
• Asia Pacific - China, India, Japan
• Latin America - Brazil, Mexico, Argentina
• Middle East and Africa - Middle East, Africa

Due to the increasing interest in better-functioning vehicles, areas, for example, North America, South Asia, and the Pacific are likely to register a significant share in the automotive actuators market during the estimated time frame. Europe accounts for 25% of the vehicle actuators' market share around the world. Due to the major presence of vehicle part-producing and supplying organizations, Germany leads the European automotive actuators market with more than 20% market share and is likely to continue the same during the figure time frame.

The East Asian region accounts for 35% of the overall vehicle actuators market share and is likely to continue the same during the forecast period. The East Asia region comprises nations, for example, China, Japan, and South Korea. Among these nations, China is considered to be the significant market for vehicle actuators, due to the high interest in passenger cars and commercial automobiles. China leads the East Asian automotive actuators market accounting for more than 70% of the overall share. The elements, for example, reduced price, high concentration of domestic producing plants, and individuals buying more automobiles are making China one of the biggest developing markets for vehicle actuators. Owing to the rise in automation in oil factories, the Middle East and Africa area will also see a surge in the CAGR due to contributions from the gulf nations.

Market Key Players:

1. APC International, Ltd.
2. Continental AG
3. CTS Corporation
4. CVEL Automotive Electronics
5. Delphi Automotive PLC
6. Denso Corporation
7. Hitachi, Ltd.
8. Johnson Electric Holdings Ltd.
9. Mitsubishi Electric Corporation
10. Robert Bosch GmbH