Manufacturing & Construction / Automotive Electric Actuators Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Bosch, Denso, Delphi, Magna
Automotive Electric Actuators Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Bosch, Denso, Delphi, Magna
Registering a CAGR of 8.9% over the forecast period of 2022-2027, the global Automotive Electric Actuators market is anticipated to reach the market value of US$ 38.3 billion in the year 2027 from US$ 22.8 billion in the year 2022.
Automotive Electric Actuators Market Overview
The worldwide pandemic has disrupted the supply chain and manufacturing of electronics equipment which includes hardware component of electric vehicle actuators. The pandemic and following lockdowns have made the industry experts say that the industry would face minimum of a quarter lag in the segment of electronic supply chain. However, the electronic equipment and automotive industry is expected to pick up the pace after the governments lift the various containment measure in order to revive the economy and as expected the production of automotive and electronic equipment is gaining pace which will positively affect the electronics equipment and automotive manufacturing including electric vehicle actuators. An actuator is an element of a machine which is responsible for controlling and moving a system for instance, closing or opening a valve. Actuators have their applications in vehicles which include operating the headlight, braking, HVAC, clutch actuation, closures, throttling and more.
Who are the Major Players in Automotive Electric Actuators Market?
Top Key Players in the Automotive Electric Actuators Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Automotive Electric Actuators Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Bosch, Denso, Delphi, Magna, Continental, Valeo, Magneti Marelli, Hitachi, Hella, Mahle and others.
Industry Updates:
December 15, 2020, Vitesco Technologies Supplies Renault with Actuator Module for Electrified Transmissions-
The electrification of the drive system is the most important technological pioneer for clean, locally emission-free and highly efficient mobility. In addition to battery-powered electric vehicles, electrification also enables hybrids. In hybrid drive trains, the electric drive system works in a close team together with the combustion engine, offering major global benefits in reducing the CO2 fleet emissions of a manufacturer.
10.01.2017, Electric power steering system from Bosch offers a fail-operational function for a new level of safety-
Bosch, a leading global supplier of technology and services, today announces the global debut of its Electric Power Steering (EPS) system with fail-operational function at the North American International Auto Show.
What are the major Applications, Types and Regions for Automotive Electric Actuators Market?
Automotive Electric ActuatorsMarket is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Throttle Actuator
Fuel Injection Actuator
Brake Actuator
Body
Others
Market Volume (%) By Applications it is segmented into
Passenger Vehicle
Commercial Vehicle
Other
Automotive Electric Actuators Market Regional Analysis
The market in the Asia-Pacific region is expected to grow at a faster pace, with India, Japan, and China stepping toward becoming automotive component manufacturing hubs and supplying to countries, such as the United States and Germany. The increasing sales of both passenger cars and commercial vehicles is driving the market. Some of the key players in China are Limon Precision & Speed, Nutork Actuators & Valves, Brose, HELLA China, Mitsubishi, Changzhou, and Shengjie Electronic Co. The latest innovation in the Chinese market is mini-electric actuators, which help the headlights to track and illuminate the road, on the move. This feature is available in many high-end models.
All these factors greatly affect the Automotive Electric Actuators market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Automotive Electric Actuators Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Automotive Electric Actuators Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Automotive Electric Actuators Market report scope?
The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2022-2027.
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR (Value and Volume)
CAGR of 8.9% during the review period (2022 to 2027).
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)
Throttle Actuator
Fuel Injection Actuator
Brake Actuator
Body
Others
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)
Passenger Vehicle
Commercial Vehicle
Others
Quantitative units
Revenue in USD million/billion and CAGR from 2022 to 2027
Yes, the report can be customized as per your needs
Key Highlights from this Automotive Electric Actuators Report
A comprehensive backdrop analysis, which contains an assessment of the parent market
Essential changes in market dynamics.
Market segmentation up to the second or third level.
Historical, current, and projected size of the market from the standpoint of both value and volume.
Reporting and evaluation of recent industry developments.
Market shares and strategies of major players.
Emerging niche segments and regional markets.
An objective assessment of the trajectory of the market.
Recommendations to companies for strengthening their foothold in the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Automotive Electric Actuators Market is studied from 2017 - 2027.
What is the growth rate of Automotive Electric Actuators Market?
The Automotive Electric Actuators Market is growing at a CAGR of 8.9% over the next 5 years.
Who are the key players in Automotive Electric Actuators Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
