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In 2022, the market for automotive actuators was estimated to be worth $12.9 billion. Sales will increase at a 7.6% CAGR during the projection period, and by 2030, the market will be worth US$25.8 billion. Over the projection period, total sales of gearbox actuators are anticipated to surpass US$ 9.9 billion.
Manufacturing and selling various actuators for use in various automotive applications, the automotive actuators market is a quickly expanding sector of the automotive industry. Actuators are machinery that transform energy into motion. Examples include electric motors, hydraulic pumps, or pneumatic cylinders. They are employed in automobiles to regulate a variety of systems, including fuel injection, heating, ventilation, and air conditioning (HVAC), power steering, and brakes. In the upcoming years, the market is anticipated to expand significantly due to a number of factors, including rising demand for fuel-efficient cars, an increase in the manufacturing of electric and hybrid vehicles, and the adoption of advanced driver assistance systems (ADAS). Additionally, it is anticipated that the automobile industry's growing tendency towards automation will increase demand for actuators.
The automotive industry's overall expansion and the growing demand for more compact vehicle engines to increase fuel efficiency are the key drivers of the automotive actuators market. The installation of automotive actuators in cars has become increasingly common and affordable as a result of growing security and safety concerns, as well as an increase in crashes brought on by intoxicated driving, irresponsible driving, and loss of control. Additionally, as people's concern of the environment has grown, several governments have promoted the use of electric and hydraulic actuators in the automotive sector. Automotive actuators are becoming more and more popular since they don't utilise gasoline, stop engine combustion, and emit fewer greenhouse gases. Additionally, these actuators sense vehicle movement, speed, and object distance thanks to Internet of Things (IoT) technology. The market for automotive actuators is anticipated to grow in the next years due to a number of other variables, including the rising sales of autonomous vehicles and the rising use of automotive actuators in HVAC systems and refrigerants.
Due to the widespread adoption of cutting-edge automotive technologies and the existence of significant automotive manufacturers in these regions, North America and Europe are the leading regions. Due to rising car production in developing nations like China, Japan, and India, Asia Pacific is also anticipated to see the quickest growth during the projection period. The area has developed into a centre for the manufacture of automobiles, and the region's automotive actuators market is anticipated to expand as a result of the rising demand for electric and hybrid vehicles.
Report Coverage
Global Automotive Actuators research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Actuators report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Actuators competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Actuators market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Actuators market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Actuators market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BorgWarner Inc., Continental AG, CTS Corporation, DENSO CORPORATION., EFI Automotive, FORVIA Faurecia, Hitachi Astemo, Ltd., Johnson Electric Holdings Limited., MAHLE GmbH, Mitsubishi Electric Corporation, NIDEC CORPORATION, Robert Bosch GmbH, Stoneridge Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Actuators market based on the below-mentioned segments:
Global Automotive Actuators Market, By Product Type
Transmission Actuator
Driveline Actuator
Brake Actuator
Global Automotive Actuators market, By Vehicle Type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Actuators Market, By Working Type
Pneumatic
Hydraulic
Electromagnetic
Electric
Global Electric Bus market, By Application
Engine
Interior
Body & Exterior
Global Electric Bus Market, By End User
OEM Automotive
Aftermarket
Global Automotive Actuators market, Regional Analysis
Manufacturing and selling various actuators for use in various automotive applications, the automotive actuators market is a quickly expanding sector of the automotive industry. Actuators are machinery that transform energy into motion. Examples include electric motors, hydraulic pumps, or pneumatic cylinders. They are employed in automobiles to regulate a variety of systems, including fuel injection, heating, ventilation, and air conditioning (HVAC), power steering, and brakes. In the upcoming years, the market is anticipated to expand significantly due to a number of factors, including rising demand for fuel-efficient cars, an increase in the manufacturing of electric and hybrid vehicles, and the adoption of advanced driver assistance systems (ADAS). Additionally, it is anticipated that the automobile industry's growing tendency towards automation will increase demand for actuators.
The automotive industry's overall expansion and the growing demand for more compact vehicle engines to increase fuel efficiency are the key drivers of the automotive actuators market. The installation of automotive actuators in cars has become increasingly common and affordable as a result of growing security and safety concerns, as well as an increase in crashes brought on by intoxicated driving, irresponsible driving, and loss of control. Additionally, as people's concern of the environment has grown, several governments have promoted the use of electric and hydraulic actuators in the automotive sector. Automotive actuators are becoming more and more popular since they don't utilise gasoline, stop engine combustion, and emit fewer greenhouse gases. Additionally, these actuators sense vehicle movement, speed, and object distance thanks to Internet of Things (IoT) technology. The market for automotive actuators is anticipated to grow in the next years due to a number of other variables, including the rising sales of autonomous vehicles and the rising use of automotive actuators in HVAC systems and refrigerants.
Due to the widespread adoption of cutting-edge automotive technologies and the existence of significant automotive manufacturers in these regions, North America and Europe are the leading regions. Due to rising car production in developing nations like China, Japan, and India, Asia Pacific is also anticipated to see the quickest growth during the projection period. The area has developed into a centre for the manufacture of automobiles, and the region's automotive actuators market is anticipated to expand as a result of the rising demand for electric and hybrid vehicles.
Report Coverage
Global Automotive Actuators research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Actuators report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Actuators competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Actuators market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BorgWarner Inc., Continental AG, CTS Corporation, DENSO CORPORATION., EFI Automotive, FORVIA Faurecia, Hitachi Astemo, Ltd., Johnson Electric Holdings Limited., MAHLE GmbH, Mitsubishi Electric Corporation, NIDEC CORPORATION, Robert Bosch GmbH, Stoneridge Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Actuators Market from 2021 to 2030.
- Market Forecast for Automotive Actuators Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Actuators competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Actuators
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Actuators market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Actuators market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BorgWarner Inc., Continental AG, CTS Corporation, DENSO CORPORATION., EFI Automotive, FORVIA Faurecia, Hitachi Astemo, Ltd., Johnson Electric Holdings Limited., MAHLE GmbH, Mitsubishi Electric Corporation, NIDEC CORPORATION, Robert Bosch GmbH, Stoneridge Inc.
Primary Target Market
- Market Players of Automotive Actuators
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Actuators market based on the below-mentioned segments:
Global Automotive Actuators Market, By Product Type
Transmission Actuator
Driveline Actuator
Brake Actuator
Global Automotive Actuators market, By Vehicle Type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Actuators Market, By Working Type
Pneumatic
Hydraulic
Electromagnetic
Electric
Global Electric Bus market, By Application
Engine
Interior
Body & Exterior
Global Electric Bus Market, By End User
OEM Automotive
Aftermarket
Global Automotive Actuators market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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