Automotive Actuators Industry Overview
The development of contemporary cars is greatly aided by the automotive actuators sector, which makes automation, efficiency, and safety features possible. Actuators are machines that transform electrical impulses into mechanical motion in order to regulate a number of automotive systems, including engine management, steering, braking, and transmission. They are essential parts of autonomous vehicles, electric vehicles (EVs), and advanced driver-assistance systems (ADAS), where accuracy and dependability are critical. In both conventional internal combustion engine (ICE) vehicles and the quickly expanding electric vehicle (EV) market, common automotive actuator types include electric motors, hydraulic actuators, and pneumatic actuators. Each kind performs a specialized function.Advances in vehicle technologies, such as the incorporation of autonomous driving capabilities, the growth of electric mobility, and more stringent emission restrictions, are increasing the demand for automotive actuators. The market is growing as a result of consumers' growing preference for safety and convenience features including electronic brakes, power-assisted steering, and adaptive cruise control. Actuators are growing smaller, more energy-efficient, and able to perform increasingly difficult jobs as automakers concentrate on innovation. The global trend toward sustainable transportation is also contributing to the industry's expansion, as actuators are essential for improving engine systems and overall vehicle performance. The market for automotive actuators is anticipated to continue developing quickly due to continuous advancements in automation and electrification.
With a sizable number of leading automakers, China is a big player in the Asia-Pacific vehicle production market. Over the course of the forecast period, this is anticipated to generate profitable possibilities in the market. To promote growth in the automotive sector, the Chinese government has put in place a number of incentive programs to increase car sales and offer financial aid for the purchase of electric vehicles.
From January to May 2023, China's passenger automobile sales climbed by 11.1%, according to the China Association of Automobile Manufacturers (CAAM). In comparison to the same period last year, 10.61 million copies were sold during this time. Additionally, there was a 46.8% increase in sales of new energy vehicles, which include plug-in hybrids, hydrogen fuel-cell vehicles, and pure electric vehicles.
Growth Drivers for the Automotive Actuators Market
Advancements in Autonomous and Electric Vehicles
The market for automotive actuators is expected to increase significantly due to the trend toward electric cars (EVs) and autonomous driving technologies. The need for specialized actuators that enable energy-efficient systems is increased by the fact that EVs mostly rely on electric actuators for essential operations like power steering, regenerative braking, and climate control. The requirement for sophisticated actuators that can manage precise control duties is increasing along with the use of electric drivetrains. Actuators are crucial components of steering, braking, and adaptive systems in autonomous cars, where great precision and responsiveness are necessary for effective and safe operation. Actuator technology innovation is being propelled by the growing complexity of EVs and driverless vehicles, which is encouraging market expansion.Rising Demand for Safety and Comfort Features
Actuator innovation in the car industry is being greatly influenced by the growing consumer demand for improved comfort and safety features. Actuators are essential to the precise control and operation of Advanced Driver-Assistance Systems (ADAS), including adaptive cruise control, lane-keeping assist, automated parking, and collision avoidance systems. Actuators are also necessary for the smooth operation of equipment like climate control systems, power-adjustable seats, and automated mirrors. Actuators are becoming more and more in demand as automakers use these cutting-edge systems to satisfy customer demands and legal regulations. In order to increase market share and enhance the entire driving experience, this trend is driving the automotive industry to create more advanced, dependable, and energy-efficient actuators.Technological Innovations and Miniaturization
Miniaturization and technological advancements are major drivers of the automotive actuators market's expansion. Smaller, lighter, and more energy-efficient actuators are becoming possible thanks to developments in materials science, sensor integration, and control algorithms. Actuators can now perform a greater variety of tasks in a greater number of vehicle types thanks to these advancements. Actuators are crucial for controlling more complicated systems in cars as they get smarter and more networked. Examples of these systems include electronic powertrains, improved climate management, and autonomous driving capabilities. Compact and high-performance actuators are becoming more and more useful, and they will be essential in next-generation automobiles. Actuator technologies are becoming more sophisticated, functional, and efficient as a result of this development in the automotive sector.Challenges in the Automotive Actuators Market
High Cost of Development and Manufacturing
One major obstacle facing the automotive actuators market is the high cost of development and manufacture, especially for autonomous systems and electric cars (EVs). Advanced actuators raise production and research and development costs because they need precise engineering, specific materials, and flawless interaction with intricate control systems. Their adoption may be constrained by these expenses, especially in markets where consumers are price conscious or for mass-market car models that place a premium on affordability. Costs are further increased by the demand for regular updates and customisation to satisfy particular vehicle requirements. The high costs of creating sophisticated actuators may prevent their widespread use as automakers work to strike a balance between performance, safety, and affordability, particularly in the early phases of adoption for new vehicle technologies like EVs and autonomous vehicles.Technological Complexity and Integration
The market for automotive actuators is challenged by the increasing technological complexity of contemporary automobiles. The integration of actuators with more complex systems, like sensors, control units, and software, is becoming more and more common in automobiles. Performance, dependability, and safety must be ensured through extensive testing and highly specialized engineering to ensure smooth operation within these interconnected systems. Longer development times and higher expenses may result from this complexity, especially for complicated applications in autonomous systems and electric vehicles (EVs). The difficulties are further increased by the requirement for frequent updates and cross-platform system compatibility. The development of sophisticated actuators is costly and technically challenging since manufacturers must strike a balance between innovation and practical integration.Hydraulic actuators dominate, providing robust performance in critical automotive applications
Known for their reliability and high force output, hydraulic actuators excel in heavy-obligation capabilities like braking systems and strength steerage. Their ability to generate vast force quickly and efficaciously has made them necessary in ensuring automobile protection and responsive handling. However, the landscape is evolving with the upward push of electrical actuators challenging hydraulic supremacy. While hydraulic actuators hold a stronghold in positive applications, the automotive actuator market is witnessing a gradual shift closer to electric alternatives, propelled by the demand for more advantageous performance, specific control, and practical solutions.Passenger cars dominate, driving the growth and direction of automotive actuators
Actuators, essential for controlling numerous automobile structures, find application in passenger cars, contributing to their operational performance, safety, and luxury. The surge in demand for advanced driving-assistance structures (ADAS) and the integration of smart technologies in modern-day automobiles similarly accentuate the importance of actuators. As the automotive landscape evolves, the dominance of passenger motors persists, fueled by clients' expectations for contemporary features and overall performance. This trend underscores the pivotal function of actuators in shaping the driving experience and ensuring the ongoing boom of the passenger automobile segment in the automotive actuator market.Throttle actuators are crucial, dominating engine control functions in automotive applications
This pivotal component regulates the airflow to the engine, once influencing the vehicle's overall performance. As the car industry witnesses a shift toward electronic throttle control structures, throttle actuators play a central role in achieving precise engine control, improving fuel efficiency, and optimizing power transport. Their prominence extends past conventional combustion engines, additionally impacting hybrid and electric automobiles, solidifying their role as a linchpin in cutting-edge vehicle propulsion systems. The dominance of throttle actuators underscores their significance in shaping modern-day vehicles' overall efficiency and performance.United States Automotive Actuators Market
Advances in vehicle technologies and rising consumer demand for performance, comfort, and safety features have made the US automotive actuators market a significant player in the worldwide automotive industry. Power steering, braking, climate control, and advanced driver-assistance systems (ADAS) all depend on actuators, which include electric motors, hydraulic, and pneumatic parts. The need for specialized actuators has increased due to the increasing use of electric vehicles (EVs) and autonomous driving technologies, especially in applications that demand high precision and dependability. The market is growing as a result of stricter laws governing environmental performance and vehicle safety, which encourage manufacturers to develop and incorporate more effective actuator solutions. Technological developments, regulatory restrictions, and the move toward smarter, more environmentally friendly automobiles are driving the U.S. market's continued growth.United Kingdom Automotive Actuators Market
The market for automotive actuators in the UK is expanding steadily due to rising demand for cutting-edge automotive technology including autonomous systems and electric cars (EVs). Actuators are crucial for many car operations, including climate control, steering, braking, and safety features like adaptive cruise control and lane-keeping assistance. One of the main factors driving market growth is the rise of EVs, which mostly rely on electric actuators for performance and energy efficiency. Actuator adoption is further supported by rising consumer demand for improved comfort, safety, and convenience features. Automakers are also compelled to include increasingly advanced actuator solutions due to strict safety and pollution standards. It is anticipated that the need for creative, energy-efficient actuators will only increase as the UK concentrates on making the switch to sustainable transportation.China Automotive Actuators Market
The rapid growth of the automotive sector and technical improvements have made the Chinese market for automotive actuators one of the fastest-growing in the world. The need for automotive actuators is greatly increased by the growing use of advanced driver-assistance systems (ADAS), driverless vehicles, and electric vehicles (EVs) in China, the country with the largest automobile market. These parts are essential for safety systems, climate control, power steering, and braking. Particularly noteworthy is the trend toward EVs, which need more electric actuators for better performance and economy. Actuator innovation is also being aided by China's drive for tighter emissions regulations and an emphasis on electric mobility. China's automotive actuator market is expected to continue growing as both domestic and foreign manufacturers make investments in high-performance actuator technologies, particularly given the country's growing electric vehicle market.By implementing measures like tax breaks, subsidies, and infrastructural improvements, the Chinese government has been aggressively encouraging the use of electric cars (EVs). The government set a goal in 2023 for 40% of new car sales to be electrified by 2030, which is anticipated to increase demand for sophisticated automotive parts like actuators.
Furthermore, another important factor propelling market expansion is China's quest for driverless vehicles. In an effort to become a world leader in this area, the government has put laws into place to encourage the advancement and testing of autonomous driving systems. It is projected that 10% of China's new automobiles would have Level 3 automation by 2025.
United Arab Emirates Automotive Actuators Market
The United Arab Emirates' (UAE) robust automotive sector and rising use of cutting-edge technology are driving the country's automotive actuators market's steady growth. The UAE is a sizable market for automotive actuators due to its high level of disposable income and strong desire for luxury and premium cars, particularly those with cutting-edge technologies like active safety systems, adaptive cruise control, and lane-keeping assistance. Furthermore, the demand for electric actuators is rising due to the increased interest in electric vehicles (EVs), specifically in EV powertrains and climate control systems. The integration of advanced actuators in both passenger and commercial vehicles is being propelled by the UAE's emphasis on sustainability and innovation, as well as its goal for a smart and connected future.Actuator Types - Market breakup in 3 viewpoints:
1. Hydraulic Actuator2. Pneumatic Actuator
3. Electric Actuator
Vehicle Types - Market breakup in 3 viewpoints:
1. Passenger Cars2. Light Commercial Vehicles
3. Heavy Commercial Vehicles
Application - Market breakup in 5 viewpoints:
1. Throttle Actuator2. Seat Adjustment Actuator
3. Break Actuators
4. Closer Actuators
5. Others
Country - Market breakup in 21 viewpoints:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Switzerland
3. Asia Pacific
3.1 Japan
3.2 China
3.3 India
3.4 South Korea
3.5 Indonesia
3.6 Australia
4. Latin America
4.1 Mexico
4.2 Brazil
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
6. Rest of World
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Robert Bosch GmbH2. Nidec Corporation
3. Denso Corporation
4. Johnson Electric
5. Mitsubishi Electric Corporation
6. CTS Corporation
7. Hitachi Ltd
8. Aptiv PLC
9. BorgWarner Inc
Table of Contents
Companies Mentioned
- Robert Bosch GmbH
- Nidec Corporation
- Denso Corporation
- Johnson Electric
- Mitsubishi Electric Corporation
- CTS Corporation
- Hitachi Ltd
- Aptiv PLC
- BorgWarner Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 190 |
Published | January 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 27.51 Billion |
Forecasted Market Value ( USD | $ 49.31 Billion |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |