Business news

Automotive Actuators Market Set for Explosive Growth rate (CAGR) of 7.7% by 2027

Automotive Actuators Market

According to a new analysis by Emergent Research, the global automotive actuators market is expected to reach USD 41.09 billion by 2027. The demand for vehicles with advanced features and property has been rising as automation and medical assistance within the automotive industry.

A device known as an actuator transforms energy that is supplied to it in the form of electrical, mechanical, or kinetic energy into force or motion. The input energy supplied to this device determines how much force is produced as an output. The actuator receives a signal that starts the process of converting electrical energy into a corresponding mechanical force. The airtight cylinder, which uses the stored energy of the compressed air to help move the piston as soon as the air is released or the pressure on the air decreases, lowering the compression ratio, is the most popular type of actuator used in the industrial sector.

Periodic efficiency declines in the automobile actuators market cause pressure loss and air compressibility, which is a significant negative. These parts need routine upkeep and repair, which comes at an additional cost to the owner. Repairing and servicing actuators is a difficult process that calls for qualified specialists due to the complicated mechanism of the actuators. The problem of fluid leakage in these parts, which causes inefficiency, contamination, and further damage to other vehicle components, is another challenge impeding the market development for automotive actuators. Actuators come in a variety of varieties and are utilized in numerous applications. By reducing this restriction, choosing the appropriate actuator will help the market expand.

Request a Sample Copy

Some Key Highlights from the Report :

Off-highway vehicle segment is estimated to be the fastest during the forecast period

The automotive actuators market is expected to grow most quickly in the off-highway vehicle sector. The off-highway vehicle industry is being driven by rising public investments in infrastructure development, booming agricultural companies in developing countries, and the appearance of leased/rent-based equipment. Actuators’ typical function in off-road vehicles has been to apply force to complete tasks. OEMs are adding features to cars as they get more complex, which inevitably means using electronic controls to give more complicated, safer motion.

The automotive actuators market will experience the fastest CAGR growth in the electric category, according to predictions.

Hydraulic and pneumatic actuators have been replaced with electric actuators because of their reduced noise output, small and lightweight design, and flexible installation options. The installation of various actuators is one way OEMs are attempting to improve the driving experience since comfort features have become a universal need in the car industry.

Among other comfort-feature actuators, electric actuators are frequently employed in window lift drives, power tailgate drives, seat drives, and sunroof drives. Compared to hydraulic and pneumatic actuators, electric actuators are more precise in their actuation. Electric actuators are offered by top automobile actuator producers like Continental, Johnson Electric, and Robert Bosch GmbH.

During the projected period, the market for automotive actuators is anticipated to be the largest in the Asia Pacific.

The largest market is anticipated to be in the Asia Pacific, followed by Europe and North America. During the projected period, China is anticipated to hold the biggest revenue share in the Asia Pacific automotive actuator market. The largest automobile producer in the world, China, is anticipated to be a key contributor to the market’s expansion there. Additionally, China can create automobile parts in huge quantities and at a reduced cost, giving it a competitive advantage over other nations.

For this report, Emergen Research has segmented the global Automotive Actuators Market based on vehicle type, applications, and region:

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

  • Passenger Cars
  • Commercial Vehicles

Applications Outlook (Revenue, USD Billion; 2017-2027)

  • Throttle Actuator
  • Seat Adjustment Actuator
  • Brake Actuator
  • Closer Actuator
  • Others

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • North America
    1. the U.S.
    2. Canada
    3. Mexico
  • Europe
    1. the UK
    2. Germany
    3. France
    4. BENELUX
    5. Rest of Europe
  • the Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

To get leading market solutions, Visit the Link

To Top

Pin It on Pinterest

Share This