Automotive Actuators Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3886
Automotive Actuators Market size is expected to grow exponentially from 2019 to 2025 driven by its growing applications in the automotive industry in various systems such as braking, acceleration systems, etc. These systems support the conversion of electrical signals from control units into mechanical functions such as regulation of fluids flow or actuate pumps for pressure building. The actuators are utilized for engine control to regulate idle speed and air flaps control to provide torque & power optimization. Increasing awareness about vehicle safety and performance is supporting the automotive actuators market growth. These components are utilized in various automotive parts, such as windscreen washer/wiper, power window & mirror, and headlight lifts, and aid in increasing the vehicle efficiency. The increasing application of these components in passenger vehicles across the globe is fueling the market growth.
A major drawback of the automotive actuators market is periodic reduction in efficiency, which leads to pressure loss and air compressibility. These components require regular repair & maintenance, which incurs extra cost to the owner. Complex mechanism of the actuators makes repairing and servicing a complex task and requires skilled technicians. Another factor hampering the automotive actuators market development is fluid leaking issue in these components, which leads to inefficiency & contamination and further damaging other vehicular parts. There are different types of actuators used for different applications. Choice of the right actuator will reduce this limitation, further supporting the market growth.
The increasing popularity of autonomous cars owing to safety features is creating a high demand for actuators. The automotive actuators market is witnessing significant developments due to increased utilization of sensors, control units, and actuators in autonomous cars. The leading players in the industry are encouraging the application of these components in self-driven cars. For instance, in March 2018, Volvo announced its partnership with Autoliv to develop a self-driving car. The partnership aims to design a decision-making software that utilizes sensors and actuators for providing safety features. Technological advancements including IoT & connectivity in the automotive industry are rising, which require the implementation of sensors and actuators in cars for enhanced monitoring & analysis. The integration of IoT in passenger cars supports improved connectivity and safety features, further fueling the automotive actuators market growth.
In the automotive actuators market, pneumatic actuators are gaining a high demand owing to the energy conversion feature. It converts energy obtained from compressed air into linear motion, which supports its application in engine controls. These components support quick responses in relation with the engine start & stop function. Thus, pneumatic products support high production of force from a relatively small pressure change providing high accuracy. These components do not include hazardous materials, thus providing safety to other vehicle parts and supporting the market growth.
Passenger cars are gaining high traction in the automotive actuators market owing to the increased need of safety features. Increasing road fatalities across the globe led to the implementation of these components to enhance safety, thereby supporting the industry growth. For instance, according to the National Highway Traffic Safety Administration, approximately 40,000 people were killed in road fatalities in the U.S. in 2017. The safety of passengers and driver is a critical factor for car manufacturers due to increasing government regulation for road safety. These components increase the responsiveness and provide safe braking. In the automotive actuators market, brake actuators provide better precision, which supports in reduced road fatalities due to brake failures. Integration of these components with regenerative braking and driver assistance system will support auto pilot braking features in autonomous cars.
The throttle application in the automotive actuators market is expected to grow rapidly due to the implementation in proportionate throttle operations. Such integrations provide features, such as traction control, stability control, cruise control, and high performance, of the vehicle. Fuel injection application involves smooth flow of fuel to the engine, which supports in increasing fuel economy of vehicles. The function of fuel injector with throttle actuator and electronic control unit support in enhancing the vehicle performance. The growing usage of these components to enhance performance and gain high fuel economy in vehicles is supporting the automotive actuators market growth.
The Asia Pacific automotive actuators market is expected to grow rapidly owing to high production capabilities in the automotive sector. China, Japan, and India are witnessing high demand for passenger cars supporting the industry growth. Autonomous cars are gaining high popularity in this region owing to safety and technically advanced features supported by sensors and actuators. In 2017, Singapore introduced an amendment to its Road Traffic Act that granted permission for self-driving vehicles to be tested on public roads. Prominent players in the U.S. are heavily investing in autonomous car development, further creating the demand for these components. For instance, in April 2019, Tesla announced Robotaxi, a fully-autonomous taxi which will be road ready by the end of 2019. High implementation of actuators in the autonomous driving systems will support their demand, further leading to the market expansion.
Players operating in the automotive actuators market are Hella KGaA Hueck & Co., Aptiv PLC, Robert Bosch GmbH, Wabco Holdings Inc., Denso Corporation, Mitsubishi Electric Corporation, Continental AG, Nidec Corporation, and Sonceboz SA. The market players of automotive actuators are adopting growth strategies, such as M&A, collaborations, and investing in R&D activities, to launch new & innovative products to strengthen the product portfolio. For instance, in November 2018, Nidec Corporation announced the launch of new thin actuators that combine motor and gearbox technologies into a compact & flat drive unit providing better utilization of space. In August 2018, Sonceboz SA announced the launch of its new-generation valve actuators, which ensure reliability and precision independent of the oil circuit.
The automotive actuators market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2025 for the following segments:
Automotive Actuators Market, By Type
- Pneumatic Actuators
- Hydraulic Actuators
- Electric Actuators
Automotive Actuators Market, By Application
- Fuel Injection Actuator
- Throttle Actuator
- Brake Actuator
Automotive Actuators Market, By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy commercial Vehicles
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
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