Automotive Actuator Market Key Highlights:
- Market Size (2024): USD 15.6 Billion
- Projected Market Size (2034): USD 30.69 Billion
- CAGR (2024-2034): 7%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Automotive Actuator Market Definition
Automotive pneumatic actuators, commonly referred to as air actuators or pneumatic cylinders, are automobile components that compress air to convert energy into linear or rotating motion. It is extensively utilized in the automotive sector to regulate the brake systems, engines, and other similar parts of a car. Additionally, the automotive actuator industry is currently overflowing with a wide range of actuators, including piezoelectric actuators, electric motors, and linear actuators. In order to effectively perform the necessary function, these actuators have found use outside of the automobile industry in fields including industrial, medical, and aerospace engineering. It's has It is a popular option in the automobile sector because of its many benefits over other actuators, including durability and fast reaction.
- In September 2023, Festo, automotive company headquartered in Esslingen, Germany, uneviled the launch of the pneumatic and electronic actuator with latest upgradations at PackExpo 2023.
While demand for automotive actuator continues to increase, stringent regulations around the production limit growth in the automotive actuator market. The cooling valve, EGR, throttle, brake, and turbo actuators are among the actuators that are installed with the engine applications. Commonly used actuators that are compatible with all ICE vehicles are cooling valves, throttle, and brakes. Additionally, the market for diesel passenger vehicles has been constrained by rigorous pollution rules and growing fuel prices, which has undoubtedly caused OEMs to concentrate on engine downsizing globally. Smaller GDI engines and gasoline turbochargers are available from major OEMs like Ford, MG Hector Volkswagen, and Hyundai Motors. Turbo actuators and EGR installation are required for all of these engines.
Automotive Actuator Market Segmentation:
By Product Type
- Transmission Actuator
- Driveline Actuator
- Brake Actuator
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Working Type
- Pneumatic
- Hydraulic
- Electromagnetic
- Electric
By Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Automotive Actuator Market Companies:
- Denso Corporation
- Hitachi, Ltd.
- Robert Bosch GmbH
- Nidec Corporation
- Mitsubishi Heavy Industries Ltd.
- ZF Friedrichshafen AG
- Magna International, Inc.
- Mahle GmbH
- Brose Fahrzeugteile GmbH & Co KG
- Vitesco Technologies
- Minebea Mitsumi, Inc.
- HELLA GmbH & Co. KGaA
- CTS Corporation
- Johnson Electric Holdings Limited
- Kongsberg Automotive
- Stoneridge Inc.
- SNT Motiv Co., Ltd.
- DURA Automotive Systems
- Stabilus GmbH
- EFI Automotive
- Ansei Corporation
- Actus Manufacturing, Inc.
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