Automotive Actuators Market Size, Share, Trends and Forecast 2030, by Types (Electric actuators, Hydraulic actuators, Pneumatic actuators, Mechanical actuators) by Applications (Throttle control, Fuel injection systems, Braking systems, HVAC systems)

Report ID :
1752

Publisher ID :
theinsightbridge

Published :
2023-05-26

Pages :
150

Purchase Option
$4500

Automotive Actuators Market Introduction 

Automotive actuators are devices that convert electrical or pneumatic signals into mechanical movement, enabling the control of various functions in a vehicle. These functions include the opening and closing of doors and windows, the operation of power seats, and the control of various systems such as brakes, steering, and throttle.Automotive actuators play a critical role in the safe and efficient operation of vehicles, and are essential for the development of advanced driver assistance systems (ADAS) and autonomous vehicles. They are typically made of high-strength materials such as aluminum, steel, and plastics, and are designed to withstand the harsh operating conditions of automotive environments.The global automotive actuators market is driven by several key factors, including the increasing demand for advanced safety features, the growing trend towards vehicle automation, and the rising adoption of electric and hybrid vehicles. The market is also driven by the increasing adoption of advanced materials and technologies, as well as the growing trend towards connected cars.The automotive actuators market is highly competitive, with several leading companies operating in the market such as Robert Bosch GmbH, Delphi Technologies, Denso Corporation, Mitsubishi Electric Corporation, and Hitachi, Ltd. These companies are focused on developing advanced actuators that can meet the growing demands of the automotive industry for safety, performance, and efficiency.

Automotive Actuators Market  Size

The global automotive actuators market size was valued at USD 18.45 billion in 2020, The market is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028, reaching a market size of USD 30.06 billion by the end of 2028.The growth of the automotive actuators market can be attributed to a number of factors, including the increasing demand for passenger cars and commercial vehicles, the growing adoption of advanced driver assistance systems (ADAS) and other safety features in vehicles, and the increasing trend towards electrification and automation in the automotive industry.In terms of application, the market is segmented into throttle, HVAC, brake, power seats, and others. The brake actuator segment is expected to hold the largest share of the market over the forecast period, driven by the increasing demand for advanced safety features in vehicles. The HVAC actuator segment is also expected to witness significant growth, driven by the growing trend towards comfort and convenience features in vehicles.In terms of region, Asia Pacific is expected to dominate the automotive actuators market, followed by Europe and North America. The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period, driven by the growing demand for vehicles in countries such as China and India, as well as the increasing adoption of advanced safety and comfort features in vehicles.Overall, the automotive actuators market is expected to experience significant growth in the coming years, driven by a combination of factors such as increasing vehicle production, growing demand for safety and comfort features, and the trend towards electrification and automation in the automotive industry.

Automotive Actuators Market  Share

The global automotive actuators market is highly competitive, with several key players operating in the market. Some of the leading companies in the market include Robert Bosch GmbH, Continental AG, Denso Corporation, Valeo SA, and BorgWarner Inc.In terms of market share, Robert Bosch GmbH is the leading player in the automotive actuators market, followed by Continental AG and Denso Corporation. These companies have a strong presence in the market and are actively engaged in research and development activities to enhance their product portfolio and gain a competitive edge.The market is also characterized by the presence of several emerging players who are developing innovative automotive actuator solutions to meet the growing demand for safety and comfort features in vehicles. These companies are expected to play an increasingly important role in the market in the coming years.In terms of application, the brake actuator segment is expected to hold the largest share of the market over the forecast period, followed by the HVAC and power seats segments. The increasing demand for advanced safety features in vehicles is expected to drive the growth of the brake actuator segment, while the growing trend towards comfort and convenience features is expected to drive the growth of the HVAC and power seats segments.

Overall, the automotive actuators market is highly competitive and is expected to remain so in the coming years, with a diverse range of players operating in the market and driving innovation in the industry.

Automotive Actuators Market  Trends

The global automotive actuators market is experiencing several key trends that are expected to shape the industry in the coming years. Some of the major trends in the market include:

  1. Increasing demand for electric and hybrid vehicles: With the growing concern for environmental sustainability and reducing greenhouse gas emissions, there has been an increasing demand for electric and hybrid vehicles. This trend is expected to drive the growth of the automotive actuators market, as these vehicles require a larger number of actuators than traditional gasoline-powered vehicles.
  2. Growing trend towards vehicle automation: The automotive industry is rapidly moving towards automation, with the development of advanced driver assistance systems (ADAS) and autonomous vehicles. This trend is expected to drive the demand for automotive actuators, as these vehicles require a large number of actuators to control various systems such as brakes, steering, and throttle.
  3. Increasing demand for safety and comfort features: With the increasing demand for safety and comfort features in vehicles, the demand for automotive actuators is also expected to grow. Actuators are used in various safety and comfort systems such as power seats, HVAC systems, and brake systems.
  4. Rising adoption of advanced materials: Automotive manufacturers are increasingly adopting advanced materials such as lightweight metals and composites to improve fuel efficiency and reduce emissions. This trend is expected to drive the demand for lightweight and high-performance actuators that can meet the requirements of these advanced materials.
  5. Growing trend towards connected cars: The automotive industry is rapidly moving towards connected cars, which are equipped with advanced technologies such as internet connectivity and advanced sensors. This trend is expected to drive the demand for advanced actuators that can communicate with other systems and provide real-time data to drivers and passengers.

Overall, the automotive actuators market is expected to experience significant growth in the coming years, driven by a combination of factors such as the increasing demand for electric and hybrid vehicles, the growing trend towards vehicle automation, and the rising adoption of advanced materials and technologies.

Automotive Actuators Market Driving factors

The global automotive actuators market is driven by several key factors, including:

  1. Increasing demand for advanced safety features: With the growing concern for road safety, there has been an increasing demand for advanced safety features in vehicles such as anti-lock braking systems (ABS), electronic stability control (ESC), and adaptive cruise control. These systems require a large number of actuators to control various components and functions, driving the demand for automotive actuators.
  2. Growing trend towards vehicle automation: The automotive industry is rapidly moving towards automation, with the development of advanced driver assistance systems (ADAS) and autonomous vehicles. These vehicles require a large number of actuators to control various systems such as brakes, steering, and throttle, driving the demand for automotive actuators.
  3. Increasing demand for electric and hybrid vehicles: With the growing concern for environmental sustainability, there has been an increasing demand for electric and hybrid vehicles. These vehicles require a larger number of actuators than traditional gasoline-powered vehicles, driving the demand for automotive actuators.
  4. Rising adoption of advanced materials: Automotive manufacturers are increasingly adopting advanced materials such as lightweight metals and composites to improve fuel efficiency and reduce emissions. This trend is driving the demand for lightweight and high-performance actuators that can meet the requirements of these advanced materials.
  5. Growing trend towards connected cars: The automotive industry is rapidly moving towards connected cars, which are equipped with advanced technologies such as internet connectivity and advanced sensors. This trend is driving the demand for advanced actuators that can communicate with other systems and provide real-time data to drivers and passengers.

Overall, the automotive actuators market is driven by a combination of factors such as the increasing demand for safety features, vehicle automation, and electric and hybrid vehicles, as well as the rising adoption of advanced materials and technologies.

Automotive Actuators Market  Reginal Analysis

The global automotive actuators market can be segmented into several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

  1. North America: The North American automotive actuators market is expected to grow at a steady rate due to the increasing demand for electric and hybrid vehicles, as well as the growing trend towards vehicle automation. The presence of several leading automotive manufacturers in the region is also expected to drive the growth of the market.
  2. Europe: The European automotive actuators market is expected to witness significant growth due to the increasing adoption of advanced safety features and the rising demand for electric and hybrid vehicles. The region is also home to several leading automotive manufacturers, which is expected to drive the growth of the market.
  3. Asia Pacific: The Asia Pacific automotive actuators market is expected to witness significant growth due to the increasing demand for electric and hybrid vehicles, as well as the growing trend towards vehicle automation. The region is also home to several leading automotive manufacturers and suppliers, driving the growth of the market.
  4. Latin America: The Latin American automotive actuators market is expected to witness steady growth due to the increasing demand for advanced safety features and the rising adoption of electric and hybrid vehicles. The region is also home to several leading automotive manufacturers, driving the growth of the market.
  5. Middle East & Africa: The Middle East & Africa automotive actuators market is expected to witness steady growth due to the increasing demand for advanced safety features and the rising adoption of electric and hybrid vehicles. The region is also home to several leading automotive manufacturers and suppliers, driving the growth of the market.

Overall, the global automotive actuators market is expected to witness significant growth across all regions, driven by a combination of factors such as the increasing demand for safety features, vehicle automation, and electric and hybrid vehicles, as well as the rising adoption of advanced materials and technologies.

Automotive Actuators Market  Forecasts 2030

Automotive actuators are electromechanical devices that are used in a variety of automotive applications, such as engine management, fuel injection, power steering, and HVAC (heating, ventilation, and air conditioning) systems. These actuators are used to control and regulate the flow of fluids, gases, and electrical signals within the vehicle.The automotive actuators market is expected to continue growing in the coming years, driven by factors such as the increasing demand for advanced safety features, the growing adoption of electric and hybrid vehicles, and the increasing focus on fuel efficiency and emissions reduction. The market is also expected to benefit from advancements in technology, such as the development of smart actuators that can communicate with other vehicle systems and provide real-time feedback to drivers.Overall, the automotive actuators market is likely to experience steady growth in the coming years, driven by the increasing demand for advanced automotive technologies and the ongoing shift toward more efficient and environmentally friendly vehicles. However, specific market forecasts for 2030 may be subject to change based on a variety of factors, including global economic conditions, regulatory changes, and technological advancements.

Automotive Actuators Market Key Industry Players

There are several key players in the global automotive actuators market. Some of the major players include:

  1. Robert Bosch GmbH: This German company is a leading supplier of automotive technology and provides a wide range of products and services, including actuators for various automotive applications.
  2. Continental AG: Another major German company, Continental provides a range of automotive solutions, including actuators for engine management, transmission control, and other applications.
  3. Denso Corporation: This Japanese company is a leading supplier of automotive components, including actuators for engine management, fuel injection, and other systems.
  4. Delphi Technologies: An American company that specializes in automotive technology, Delphi provides a range of actuators for various applications, including engine management, fuel injection, and HVAC systems.
  5. Johnson Electric Holdings Limited: This Hong Kong-based company is a leading provider of electric motors and actuators for various industries, including automotive.
  6. Mitsubishi Electric Corporation: This Japanese company provides a wide range of automotive products, including actuators for engine management, fuel injection, and other systems.
  7. Hella GmbH & Co. KGaA: A German company that specializes in automotive lighting and electronics, Hella provides a range of actuators for various applications, including headlight leveling and engine management.

Overall, these and other key players in the automotive actuators market are likely to continue driving innovation and growth in the industry, as demand for advanced automotive technologies continues to rise.

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