Automotive Actuators Market

Global Automotive Actuators Market Size (2024 to 2032)

The global automotive actuators market was valued at USD 31.10 billion in 2023 and is anticipated to reach USD 33.31 billion by 2032 from USD 57.66 billion by 2032, growing at a CAGR of 7.10% during the forecast period 2024 to 2032.

Actuators are mechanical or electromechanical gadgets that are utilized to control movement. They convert any type of vitality usually electrical into motion. The impact is used in different industrial and logical applications, such as nanopositioning in semiconductor production, microfluidic engines and valves, and so forth. The qualities on which actuators can be grouped are mounting configuration, output torque, most extreme speed, most enormous augmentation, holding power, enclosure protection rating, and others.

Attributable to the innovative progressions in the vehicle industry (for example, autonomous automobiles and propelled driver assistance systems (ADAS), like adaptive cruise control (ACC), automated brake help, lane-keep help, and others.), the use of actuators has expanded at a colossal pace. The expanding interest in eco-friendly automobiles, alongside the increasing interest in advanced actuator items, among the purchasers, is convincing the significant makers to put resources into R&D activities. The substantial expense in BLDC actuators is probably going to observe a decline, attributable to the falling costs of electronics. It is relied upon to encounter an increased deployment in the different vehicle applications.

Market Drivers

There is a rise in the interest in eco-friendly automobiles precisely because of the increment in the pressure on the world governments and an increase in the expense of oil and energy. The development of the automotive actuators market has been skyrocketing ever since the above variables came into play. Vehicle actuators offer positive results in lowering road fatalities and can be utilized in fuel pumps, headlight lifts, and electronic parking brakes, which trigger significant market development.

Market Restraints

Moreover, assembly, start-up, and maintenance of vehicle actuators need ample space, which acts as a hindrance to market development.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Automotive Actuators Market Analysis By Type

Linear actuators are the future of the automatic actuators market as they can be utilized in machinery, valves, and other places where linear motion is needed. Since automation is increasing and factory automation is coupled with the Internet of Things, the usage of linear actuators is expanding.

Global Automotive Actuators Market Analysis By Vehicle Type

The sales of passenger and commercial automobiles continue to develop, and the OEMs have made interiors one of the significant focus regions, so as to enhance the security and convenience of passengers. As a part of that effort, actuators have garnered the necessary attention, to create seats more comfortable and smart.

REGIONAL ANALYSIS

Due to the increasing interest in better-functioning vehicles, areas, for example, North America, South Asia, and the Pacific are likely to register a significant share in the automotive actuators market during the estimated time frame. Europe accounts for 25% of the vehicle actuators' market share around the world. Due to the major presence of vehicle part-producing and supplying organizations, Germany leads the European automotive actuators market with more than 20% market share and is likely to continue the same during the figure time frame.

The East Asian region accounts for 35% of the overall vehicle actuators market share and is likely to continue the same during the forecast period. The East Asia region comprises nations, for example, China, Japan, and South Korea. Among these nations, China is considered to be the significant market for vehicle actuators, due to the high interest in passenger cars and commercial automobiles. China leads the East Asian automotive actuators market accounting for more than 70% of the overall share. The elements, for example, reduced price, high concentration of domestic producing plants, and individuals buying more automobiles are making China one of the biggest developing markets for vehicle actuators. Owing to the rise in automation in oil factories, the Middle East and Africa area will also see a surge in the CAGR due to contributions from the gulf nations.

KEY MARKET PLAYERS

APC International, Ltd., Continental AG, CTS Corporation, CVEL Automotive Electronics, Delphi Automotive PLC, Denso Corporation, Hitachi, Ltd., Johnson Electric Holdings Ltd., Mitsubishi Electric Corporation, Robert Bosch GmbH. These are the market players dominating the global automotive actuators market.

RECENT HAPPENINGS IN THE GLOBAL AUTOMOTIVE ACTUATORS MARKET 

• CTS actuators convey quick reaction time, increased torque-to-current proportion, and exact direct-drive control. These actuators use lower-cost uni-directional drive circuits, and offer packaging and mounting adaptability in tight spaces, for example, motor compartments. CTS actuators meet all typical under-hood vehicle specifications and are perfect with different motor-control units. Choices incorporate integrated contacting or non-contacting sensors and engine drive/control hardware, offering total "smart actuator" capacity.
• Denso manufactured an Automatic Transmission (AT) move-by-wire framework that forms the driver's shift operation (P-R-N-D) electronically, which has prompted enhanced ease of activity and a decrease in the size of the switch. The AT Shift-by-Wire Actuator changes the activity method of the AT as indicated by the electric signal from the switch.
• The Saia-Burgess™ HVAC platform provides the business’s most considerable speed, and torque extends in DC and Stepper engine alternatives. These actuator stages are intended for the principal HVAC capacities, such as air inlet, airflow dissemination, and airflow blend. The Saia-Burgess HVAC actuators meet the requested prerequisites of the distinctive airflow diverter capacities. Dependability results from demonstrated advancements being deployed, extensive testing, and numerous years’ field understanding of more than 500 million actuators delivered. 

DETAILED SEGMENTATION OF THE GLOBAL AUTOMOTIVE ACTUATORS MARKET INCLUDED INCLUDED IN THIS REPORT

This research report on the global automotive actuators market is segmented and sub-segmented into the following categories.

By Application

• Fuel Injection Actuator
• Throttle Actuator
• Brake Actuator
• Others

By Type

• Linear Actuator
• Hydraulic Actuator
• Electric Actuator
• Others

By Vehicle Type

• Passenger vehicle
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

By Region

• North America 
• Europe
• Asia Pacific 
• Latin America 
• Middle East and Africa