Automotive Actuators Market Research Report 2018 – Global Forecast to 2023, is latest Global Automotive Actuators Market Analysis Report, published by “Market Research Future”. Global automotive actuators industry will register growth at a robust CAGR of 8% during the forecast period 2017 to 2023. The increased use of electronics in the automotive industry is likely to propel the expansion of automotive actuators market over the next couple of years.
Key Company in Automotive Actuators Industry Analyzed Are:
Continental AG (Germany), Robert Bosch GmbH (Germany), Aptiv PLC (U.S.), Denso Corporation (Japan), Stoneridge Inc. (U.S.), Wabco Holdings Inc. (Belgium), Mitsubishi Electric Corporation (Japan), Hella KGaA Hueck & Co. (Germany), Nidec Corporation (Japan), and Sonceboz SA (Switzerland) among others.
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An actuator is a device that takes in the energy supplied to it in the form of electrical, mechanical or kinetic energy and converts this energy into force or motion. The output force created is proportional to the input energy provided to this device. The actuator receives a signal which initiates the conversion of electrical energy into a proportionate mechanical force by the actuator. The most common type of actuator that is used in the industrial sector is the airtight cylinder that uses the stored energy of the compressed air, which helps in moving the piston as soon as the air is released or the pressure on the air reduces, reducing the compression ratio. Automotive actuators are responsible for converting the electrical signals, which are provided from the central control unit into a tangible action. Automotive actuators help in regulating engine idle speed, engine flywheel rotations, engine torque etc., which help increase the engine efficiency and the vehicle performance.
The strategies devised and implemented by the market operators are product developments, acquisitions & mergers, adoption of latest technologies, joint ventures, strategic alliances, etc. Automotive actuators enhance the efficiency and performance of the vehicles by helping in engine flywheel rotations, regulating engine idle speed, engine torque, etc. which is likely to fuel growth opportunities for automotive actuators market. The technological advancements, increased research & development activities, huge investments by the key players, etc. will further catapult the market expansion across the assessment period.
Actuators in automobiles provide precision and control over vehicle parameters such as the speed, rpm, flywheel rotation, and engine overheating which will accelerate the demand generation for automotive actuators across the projection period. Furthermore, actuators facilitate the incorporation of electronics and act as a link between the mechanical and electrical components of an automobile. Thus, the market proliferation of electric cars will obliquely catalyze market expansion.
- By type, the automotive actuators market has been segmented into hydraulic actuator, electric actuator, and pneumatic actuator. The electric actuator segment is poised to witness huge demand owing to its large-scale adoption in the automotive sector.
- By application type, market is segmented into throttle actuator, fuel injection actuator, brake actuator, and others.
- By vehicle type, segmented into passenger cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV).
By region, the global automotive actuators market has been segmented into North America, Europe, Asia Pacific, and, the Rest of the World. Asia Pacific is projected to be the global leader of automotive actuators industry. The emerging markets in the Asia Pacific such as India and China are growing as manufacturing hubs for automakers which is likely to have a positive influence on revenue creation from automotive actuators market. The cost-efficient opportunities for the growth and expansion of the automotive sector are reducing production costs which will further complement the market expansion. The rising population coupled with an increase in per capita income is encouraging the sales of automobiles and fueling market proliferation in the region.
The increased research & development activities and a booming automotive sector will boost the growth of actuators market in Europe. Furthermore, the increasing technological developments in the German automotive industry and demand for autonomous and semi-autonomous vehicles will further propel the market expansion.
The technologically advanced automotive sector of North America coupled with the presence of key market players is favoring the growth and expansion of market in the region. The Rest of the World will exhibit a moderate increase in demand over the forecast period.
In July 2018, Daimler and Bosch, the automaker and automotive supplier announced the launch of a shuttle service with driverless vehicles. Bosch will provide autonomous vehicles’ actuators, sensors, control units, and other components.
In July 2018, Continental, an industry leader in automotive actuators, has initiated the construction of its first plant in Lithuania as an expansion of its European presence and production capacity.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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