Category : Automotive, Transportation and Logistics | Published at : July-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for automotive electric actuator is expected to grow at a CAGR of around 7.5% from 2020 to 2027 and expected to reach the market value of around US$ 40,720.8 Mn by 2027.
An automotive actuator is an essential part of electronic control systems in vehicles whose job is to convert electrical signals from the control unit into action. These are used in various applications like controlling the temperature of the air conditioning system or controlling the positions of light beams among others.
Market Dynamics
The increasing demand for fuel-efficient vehicles due to the rising price of oil and energy is driving market growth. The automotive actuators are used in fuel pumps, headlight lifts, and electronic parking brakes are driving the market value. The rising demand for advanced automation systems along with the positive results in reducing road fatalities is supporting the market value. Furthermore, the wide array of applications employing the use of actuators, stringent government regulations for fuel-efficient vehicles in developing nations, and increasing sales of luxury vehicles are some of the factors projected to provide potential opportunity over the forecast timeframe from 2020 to 2027.
On the other hand, a low preference for diesel passenger cars is projected to hamper the growth to an extent over the forecast timeframe from 2020 to 2027.
Passenger vehicle segment accounted for the dominating share
By vehicle type, the passenger vehicle segment is leading the global market with major share (%) and the segment is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The increasing disposable income in emerging economies coupled with the rising demand for passenger vehicles is additionally supporting the market value. Moreover, the benefits of an actuator in the passenger vehicles are further supporting the segmental market value.
The market research study on “Automotive Electric Actuator Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global automotive electric actuator market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global automotive electric actuator market, its vehicle type, type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive electric actuator market size and volume, and segment markets by vehicle type, type, application, and geography along with the information on companies operating in the market. The automotive electric actuator market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific is having dominating share in the market
In 2019, the Asia Pacific region accounted for the major share in the global market. The region is further projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The region is also anticipated to experience the fastest growth over the forecast timeframe from 2020 to 2027. The increasing production of automotive in the regional market, particularly in China and India is supporting the market value.
The players profiled in the report include APC International, Ltd., Continental AG, CTS Corporation, CVEL Automotive Electronics, Delphi Automotive PLC, Denso Corporation, Hitachi, Ltd., Johnson Electric Holdings Ltd., Mitsubishi Electric Corporation, Robert Bosch GmbH.
Market Segmentation
Market By Type
- Pneumatic Actuator
- Hydraulic Actuator
- Electric Actuator
- Others
Market By Application Type
- Fuel Injection Actuator
- Throttle Actuator
- Brake Actuator
- Others
Market By Vehicle Type
- Passenger vehicle
- Light Commercial Vehicles
- Heavy commercial Vehicles
- Others
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
An automotive actuator is an essential part of electronic control systems in vehicles whose job is to convert electrical signals from the control unit into action.
The automotive actuator are used in various applications like controlling the temperature of the air conditioning system or controlling the positions of light beams among others.
The increasing demand for fuel-efficient vehicles, rising price of oil and energy, usage in fuel pumps, head light lifts, and electronic parking brake, and rising demand for advanced automation systems along with the positive results in reducing road fatalities are some of the positive factors driving the market growth.
According to Acumen Research and Consulting, the automotive electric actuator market value is expected to reach of around US$ 40,720.8 Mn by 2027.
The automotive electric actuator market is expected to grow at a CAGR of around 7.5% from 2020 to 2027.
The passenger vehicle is the leading segment by vehicle type in the automotive electric actuator market.
Asia Pacific held the highest market share in the automotive electric actuator market.
