As per this study the Global Automotive Actuators Market was valued USD 27.44 BN (by revenue) in 2022 and is anticipated to reach USD 51.16 BN by 2030 with a CAGR of 8.1%. Regarding volume, the market was calculated XX Units in 2022 and forecast to touch XX Units by 2030 with a CAGR of XX% during 2023 - 2030.
Automotive actuators are those transducers which are responsible for converting energy into motion. They can control different mechanisms in automotive such as applying controlling doors, breaks regulate the lighting and many more. These actuators are basically controlled by different motors like linear motor, stepper motor, and Permanent Magnet DC motor (PMDC). Some of the actuators used in an automobile are dc motors, solenoids, stepper motors, piezo actuators, and others.
Market Dynamics
The market of automotive actuators is expected to gain significant growth over the forecast period owing to the rising demand for fuel-efficient vehicles along with the advent of advanced driver assistance systems. Also, expanding automotive sector and growing investment in R& D for new product development in terms of vehicle safety is again fueling market growth of automotive actuators. Additionally, rising concern over the need to reduce road fatalities coupled with the rise in the price of oil and energy will further propel the demand of automotive actuators in the near future.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive actuators.
Market Segmentation
The broad automotive actuators market has been sub-grouped into type, motor type, vehicle type, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Brake Actuator
- Cooling Valve Actuator
- EGR Actuator
- Grille Shutter Actuator
- Headlamp Actuator
- Hood Lift Actuator
- HVAC Actuator
- Piezoelectric Actuator
- Power Seat Actuator
- Power Window
- Quick Attach
- Steering Column Adjustment Actuator
- Sunroof Actuator
- Taigste Actuator
- Telescopic Actuistor
- Throttle Actuator
- Turbo Actuator
By Vehicle Type
By On-highway Vehicle
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Motion
By Application
- Engine
- Body & Extenor
- Interior
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive actuators in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Actuators Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive actuators market include Robert Bosch GmbH (Germany), Continental AG (Germany) Denso Corporation(Japan), and HELLA GmbH & Co. KGaA (Germany). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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