Products in global automotive smart actuator market are innovative actuators that work in synchronization with adjacent sensors and electronic devices to allow dynamics adjustments in automotive systems. These smart actuators possess the ability to carry out diagnostics of vehicle tuning issues. They are equipped with artificial intelligence features that enable them to evolve using machine learning. Smart actuators offer fuel efficiency, low emissions, reliability, and downsizing of the engine size. These smart actuators utilize microcontrollers that perform various tasks in an automobile, based on the requirements of the client. Rapid development of smart mobility technologies, expansion of electric vehicles market, and rising consumer preference for autonomous vehicles are anticipated to thrust the growth in global automotive smart actuator market in coming years. However, early wear and tear risk of the components can hamper the market growth in coming years.
Increasing demand for autonomous transmission systems and technologically enhanced vehicle components is expected to favor the development of global automotive smart actuator market in coming years. Growing number of original equipment manufacturers are focusing on the development of smart and advanced autonomous vehicles that consist of intelligent components. Players and manufacturers in global automotive smart actuator market are increasing their investments to develop newer and more efficient systems that can be integrated with new technologies easily. Systems designed and developed by players in global automotive smart actuator market actually require lesser number of physical components, hence they end up reducing the weight of the entire system. This characteristic is also expected to work positively for the players in global automotive smart actuator market. Other stimulators for the market include rising number of road accidents accounted to mechanical errors and increasing emphasis on downsizing the engines of commercial and passenger vehicles.
Shift from Mechanical to Smart Actuation Boosts Automotive Smart Actuator Market
Products in global automotive smart actuator market find various applications in automotive industry such as powertrain, security systems, active grille shutters, vehicle locking systems, HVAC systems, and adaptive headlamps. These products can be used in manual vehicles, semi-autonomous vehicles, and autonomous vehicles. One of the key trends fostering growth in global automotive smart actuator market is the slow yet steady shift form mechanical actuation to advanced smart actuation systems. These advanced actuation systems can be integrated with various existing technologies and also adapt to newer technologies. Integration of technologies such as gesture recognition systems and voice controlled systems are predicted to propel the expansion of global automotive smart actuator market in coming years.
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Sales channels in global automotive smart actuator market are original equipment manufacturers (OEM) and aftermarket channels. Original equipment manufacturers are increasingly investing in research and development activities to provide advanced products that can be seamlessly integrated with new technologies. Products in global automotive smart actuator market are used in various types of electric vehicles including battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Stringent government regulations related to rising environmental concerns regarding the carbon emission created by combustion engine vehicles and government initiatives that support fuel efficient hybrid and electric vehicles are expected to favor the market growth. Different types of vehicles that can benefit from the products in global automotive smart actuator market include passenger vehicles, heavy commercial vehicles, and light commercial vehicles.
Some of the major incumbent players in global automotive smart actuator market are Johnson Electric, Continental AG, Valeo S. A., Rheinmetall Automotive AG, Mitsubishi Electric Corporation, NMB Technologies Corporation, Robert Bosch GmbH, Embitel, and Cebi International S. A. Manufacturers and players in global automotive smart actuator market are focused on developing products that deliver advanced mobility solutions for the rising electric motor and overall automotive industry. They are integrating newer and newer electronic components in automotive vehicles that can replace various mechanical components and provide ease of access, support, maintenance, and performance optimization.
