PUBLISHER: Renub Research | PRODUCT CODE: 1422479
PUBLISHER: Renub Research | PRODUCT CODE: 1422479
Automotive Actuators Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global Automotive Actuators Market is projected to value around US$ 40.93 Billion by 2030, according to Renub Research. Automotive actuators are pivotal in modern cars, translating digital alerts into mechanical motion. These devices are critical to various systems, such as engine management, braking, and suspension. Electric cars, solenoids, and hydraulic pistons are common-type actuators, each serving excellent functions. Engine control actuators regulate fuel injection and airflow, optimizing performance. Brake actuators enable precise control of braking force, making sure protection. Suspension actuators alter journey top and damping, improving journey comfort and management. As technology advances, smart actuators with embedded sensors contribute to the evolution of self-reliant and smart car systems, shaping the destiny of automotive engineering.
The automobile actuators market has experienced robust growth, propelled by technological improvements and the increasing complexity of modern cars. With the rising demand for fuel efficiency, safety, and more advantageous performance, actuators have become quintessential components in automotive systems. The adoption of electrical and hybrid automobiles has extended this increase, as those structures depend on state-of-the-art actuators for efficient strength control and specific control. Moreover, the combination of smart actuators and sensor technology has driven the automotive actuator market, facilitating the development of advanced driver-assistance structures (ADAS) and paving the way for self-sufficient automobiles. The car actuators market continues to extend, reworking the panorama of the automotive actuator market.
Global Automotive Actuators Market is expected to grow at a CAGR of 6.71% from 2024 to 2030
The advent of self-driving cars is driving a surge in demand for specific and reliable actuators, pushing market barriers to new heights. This demand is similarly amplified by the burgeoning Electric Vehicle (EV) enterprise, in which electronic controls take precedence, favoring advanced electric actuators. This shift renders conventional hydraulic and pneumatic counterparts less relevant. As autonomy becomes mainstream and the EV increase continues reshaping the car panorama, the role of high-performance actuators will become even more pivotal. This surge in demand propels innovation in the zone and necessitates a redefinition of industry requirements to satisfy the evolving requirements of autonomous and electric automobiles.
Also, in the automotive actuator realm, industry stalwarts Bosch, Nidec, Denso, and Johnson Electric brace for fierce competition from nimble startups and regional players. Beyond conventional brakes and throttle actuators, the market diversifies into internal comfort structures, body control, and advanced engine control, enhancing overall value. Sustainability takes center stage, with manufacturers prioritizing power-effective actuators and incorporating recycled substances, aligning with the car industry's burgeoning green focus. This dynamic panorama displays a shift in the direction of innovation, diversification, and environmental duty, reshaping the competitive dynamics and product services in the automobile actuator market.
Moreover, the Asia-Pacific region is an international automotive powerhouse, where actuators play a silent yet pivotal role, translating electrical alerts into crucial physical moves for features from brakes and throttles to seats and mirrors. Actuators, the unsung heroes of automotive control systems, are poised for a transformative journey, driving innovation, performance, and intelligence in the future. The forthcoming shift to electric actuators signifies the give up of hydraulic dominance, as their advanced efficiency and precision cause them to be champions in electric and inner combustion engines. Miniaturization further complements efficiency and versatility, allowing diverse applications in restricted spaces, including adjusting seat cushions or seamlessly altering air vent guidelines individually. Hence, the Global Automotive Actuators Market was US$ 25.97 Billion in 2023.
Hydraulic actuators have long held dominance in the global automotive actuators market, offering robust performance in critical applications
By actuator types, the global automotive actuators market is fragmented into Hydraulic Actuator, Pneumatic Actuator, and Electric Actuator. 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 undeniably command dominance in the global automotive actuators market, steering the industry's trajectory
By vehicle types, the global automotive actuators market is categorized into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. 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 actuator stands as a cornerstone in the global automotive actuators market, wielding dominance in critical engine control functions
By application, the global automotive actuators market is divided into Throttle Actuator, Seat Adjustment Actuator, Break Actuators, Closer Actuators, and Others. 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.
In the United States, the automotive market thrives on actuators
By countries, the global automotive actuators market is fragmented into United States, Canada, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, Australia, South Korea, Indonesia, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, United Arab Emirates, and Rest of world. The actuators convert electrical alerts into moves, governing functions from brakes to sunroofs. Amid the Electric Vehicle (EV) surge led by Tesla, the demand for electric actuators surpasses conventional ones. Nationwide, manufacturers respond to eco-conscious customers by crafting power-efficient actuators with recycled substances. Significant regional nuances in car hubs like Michigan and Ohio heed to actuator development and manufacturing. The U.S. automotive realm, characterized by a dynamic blend of tradition and innovation, underscores actuators' vital position in shaping the present and destiny of vehicular technology.
Key Players
Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric, Mitsubishi Electric Corporation, CTS Corporation, Hitachi Ltd, Aptiv PLC, and BorgWarner Incare dominant in the global automotive actuators market.
Renub Research report titled "Global Automotive Actuators Market By Actuator Types (Hydraulic Actuator, Pneumatic Actuator, and Electric Actuator), Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), Application (Throttle Actuator, Seat Adjustment Actuator, Break Actuators, Closer Actuators, and Others), Countries (United States, Canada, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, Australia, South Korea, Indonesia, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, United Arab Emirates, and Rest of World), Company Analysis (Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric, Mitsubishi Electric Corporation, CTS Corporation, Hitachi Ltd, Aptiv PLC, and BorgWarner Inc)" provides complete study of Global Automotive Actuators Industry.
Actuator Types - Global Automotive Actuators Market breakup in 3 viewpoints:
- 1. Hydraulic Actuator
- 2. Pneumatic Actuator
- 3. Electric Actuator
Vehicle Types - Global Automotive Actuators Market breakup in 3 viewpoints:
- 1. Passenger Cars
- 2. Light Commercial Vehicles
- 3. Heavy Commercial Vehicles
Application - Global Automotive Actuators Market breakup in 5 viewpoints:
- 1. Throttle Actuator
- 2. Seat Adjustment Actuator
- 3. Break Actuators
- 4. Closer Actuators
- 5. Others
Country - Global Automotive Actuators Market breakup in 21 viewpoints:
- 1. North America
- 1.1. 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 GmbH
- 2. 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
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Automotive Actuators Market
6. Market Share - Global Automotive Actuators Market
- 6.1 By Actuator Types
- 6.2 By Vehicle Types
- 6.3 By Application
- 6.4 By Countries
7. Actuators Types - Global Automotive Actuators Market
- 7.1 Hydraulic Actuator
- 7.2 Pneumatic Actuator
- 7.3 Electric Actuator
8. Vehicle Types - Global Automotive Actuators Market
- 8.1 Passenger Cars
- 8.2 Light Commercial Vehicles
- 8.3 Heavy Commercial Vehicles
9. Application - Global Automotive Actuators Market
- 9.1 Throttle Actuator
- 9.2 Seat Adjustment Actuator
- 9.3 Break Actuators
- 9.4 Closer Actuators
- 9.5 Others
10. Countries - Global Automotive Actuators Market
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.2 Europe
- 10.2.1 Germany
- 10.2.2 United Kingdom
- 10.2.3 France
- 10.2.4 Italy
- 10.2.5 Spain
- 10.2.6 Switzerland
- 10.3 Asia Pacific
- 10.3.1 Japan
- 10.3.2 China
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Indonesia
- 10.3.6 Australia
- 10.4 Latin America
- 10.4.1 Mexico
- 10.4.2 Brazil
- 10.4.3 Argentina
- 10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 United Arab Emirates
- 10.5.3 South Africa
- 10.6 Rest of world
11. Porter's Five Forces - Global Automotive Actuators Market
- 11.1 Bargaining Power of Buyer
- 11.2 Bargaining Power of Supplier
- 11.3 Threat of New Entrants
- 11.4 Rivalry among Existing Competitors
- 11.5 Threat of Substitute Products
12. SWOT Analysis - Global Automotive Actuators Market
- 12.1 Strengths
- 12.2 Weaknesses
- 12.3 Opportunities
- 12.4 Threats
13. Key Players Analysis
- 13.1 Robert Bosch GmbH
- 13.1.1 Overviews
- 13.1.2 Recent Developments
- 13.1.3 Revenues
- 13.2 Nidec Corporation
- 13.2.1 Overviews
- 13.2.2 Recent Developments
- 13.2.3 Revenues
- 13.3 Denso Corporation
- 13.3.1 Overviews
- 13.3.2 Recent Developments
- 13.3.3 Revenues
- 13.4 Johnson Electric
- 13.4.1 Overviews
- 13.4.2 Recent Developments
- 13.4.3 Revenues
- 13.5 Mitsubishi Electric Corporation
- 13.5.1 Overviews
- 13.5.2 Recent Developments
- 13.5.3 Revenues
- 13.6 CTS Corporation
- 13.6.1 Overviews
- 13.6.2 Recent Developments
- 13.6.3 Revenues
- 13.7 Hitachi Ltd
- 13.7.1 Overviews
- 13.7.2 Recent Developments
- 13.7.3 Revenues
- 13.8 Aptiv PLC
- 13.8.1 Overviews
- 13.8.2 Recent Developments
- 13.8.3 Revenues
- 13.9 BorgWarner Inc
- 13.9.1 Overviews
- 13.9.2 Recent Developments
- 13.9.3 Revenues
List of Figures
- Figure-01: Global - Automotive Actuators Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-03: Actuators Types - Hydraulic Actuator Market (Billion US$), 2019 - 2023
- Figure-04: Actuators Types - Forecast for Hydraulic Actuator Market (Billion US$), 2024 - 2030
- Figure-05: Actuators Types - Pneumatic Actuator Market (Billion US$), 2019 - 2023
- Figure-06: Actuators Types - Forecast for Pneumatic Actuator Market (Billion US$), 2024 - 2030
- Figure-07: Actuators Types - Electric Actuator Market (Billion US$), 2019 - 2023
- Figure-08: Actuators Types - Forecast for Electric Actuator Market (Billion US$), 2024 - 2030
- Figure-09: Vehicle Types - Passenger Cars Market (Billion US$), 2019 - 2023
- Figure-10: Vehicle Types - Forecast for Passenger Cars Market (Billion US$), 2024 - 2030
- Figure-11: Vehicle Types - Light Commercial Vehicles Market (Billion US$), 2019 - 2023
- Figure-12: Vehicle Types - Forecast for Light Commercial Vehicles Market (Billion US$), 2024 - 2030
- Figure-13: Vehicle Types - Heavy Commercial Vehicles Market (Billion US$), 2019 - 2023
- Figure-14: Vehicle Types - Forecast for Heavy Commercial Vehicles Market (Billion US$), 2024 - 2030
- Figure-15: Application - Throttle Actuator Market (Billion US$), 2019 - 2023
- Figure-16: Application - Forecast for Throttle Actuator Market (Billion US$), 2024 - 2030
- Figure-17: Application - Seat Adjustment Actuator Market (Billion US$), 2019 - 2023
- Figure-18: Application - Forecast for Seat Adjustment Actuator Market (Billion US$), 2024 - 2030
- Figure-19: Application - Break Actuators Market (Billion US$), 2019 - 2023
- Figure-20: Application - Forecast for Break Actuators Market (Billion US$), 2024 - 2030
- Figure-21: Application - Closer Actuators Market (Billion US$), 2019 - 2023
- Figure-22: Application - Forecast for Closer Actuators Market (Billion US$), 2024 - 2030
- Figure-23: Application - Others Market (Billion US$), 2019 - 2023
- Figure-24: Application - Forecast for Others Market (Billion US$), 2024 - 2030
- Figure-25: United States - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-26: United States - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-27: Canada - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-28: Canada - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-29: Germany - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-30: Germany - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-31: United Kingdom - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-32: United Kingdom - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-33: France - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-34: France - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-35: Italy - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-36: Italy - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-37: Spain - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-38: Spain - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-39: Switzerland - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-40: Switzerland - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-41: Japan - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-42: Japan - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-43: China - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-44: China - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-45: India - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-46: India - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-47: South Korea - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-48: South Korea - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-49: Indonesia - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-50: Indonesia - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-51: Australia - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-52: Australia - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-53: Mexico - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-54: Mexico - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-55: Brazil - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-56: Brazil - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-57: Argentina - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-58: Argentina - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-59: Saudi Arabia - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-60: Saudi Arabia - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-61: United Arab Emirates - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-62: United Arab Emirates - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-63: South Africa - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-64: South Africa - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-65: Rest of world - Automotive Actuators Market (Billion US$), 2018 - 2023
- Figure-66: Rest of world - Forecast for Automotive Actuators Market (Billion US$), 2024 - 2030
- Figure-67: Robert Bosch GmbH - Global Revenue (Billion US$), 2019 - 2023
- Figure-68: Robert Bosch GmbH - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-69: Nidec Corporation - Global Revenue (Billion US$), 2019 - 2023
- Figure-70: Nidec Corporation - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-71: Denso Corporation - Global Revenue (Billion US$), 2019 - 2023
- Figure-72: Denso Corporation - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-73: Johnson Electric - Global Revenue (Billion US$), 2019 - 2023
- Figure-74: Johnson Electric - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-75: Mitsubishi Electric Corporation - Global Revenue (Billion US$), 2019 - 2023
- Figure-76: Mitsubishi Electric Corporation - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-77: CTS Corporation - Global Revenue (Billion US$), 2019 - 2023
- Figure-78: CTS Corporation - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-79: Hitachi Ltd - Global Revenue (Billion US$), 2019 - 2023
- Figure-80: Hitachi Ltd - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-81: Aptiv PLC - Global Revenue (Billion US$), 2019 - 2023
- Figure-82: Aptiv PLC - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-83: BorgWarner Inc - Global Revenue (Billion US$), 2019 - 2023
- Figure-84: BorgWarner Inc - Forecast for Global Revenue (Billion US$), 2024 - 2030
List of Tables
- Table-01: Global - Automotive Actuators Market Share by Actuator Types (Percent), 2019 - 2023
- Table-02: Global - Forecast for Global Automotive Actuators Market Share by Actuator Types (Percent), 2024 - 2030
- Table-03: Global - Automotive Actuators Market Share by Vehicle Types (Percent), 2019 - 2023
- Table-04: Global - Forecast for Global Automotive Actuators Market Share by Vehicle Types (Percent), 2024 - 2030
- Table-05: Global - Automotive Actuators Market Share by Application (Percent), 2019 - 2023
- Table-06: Global - Forecast for Global Automotive Actuators Market Share by Application (Percent), 2024 - 2030
- Table-07: Global - Automotive Actuators Market Share by Countries (Percent), 2019 - 2023
- Table-08: Global - Forecast for Global Automotive Actuators Market Share by Countries (Percent), 2024 - 2030
