Automotive Actuator Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The automotive actuator market is expected to register a CAGR of 5.7% during 2023–2031. The evolution of fuel-efficient vehicles is likely to remain a key trend in the market.

Automotive Actuator Market Analysis

• The demand for fuel-efficient cars is growing, government regulations governing vehicle emissions and the growing emphasis on engine downsizing are driving the global automotive actuators market.
• The rise in the automotive sector, the number of traffic accidents, and technology developments all contribute to the market's expansion.
•  Furthermore, Leading manufacturers are also highly focused on the development of products with advanced technologies that will cater to a variety of vehicle applications.
• By adopting advanced vehicle technologies, the manufacturers are able to meet the growing demand from customers for sophisticated feature cars and secure the desired market share in the global automotive actuators industry.

Automotive Actuator Market Overview

• Actuators are becoming more essential to automotive manufacturers due to their ability to achieve better efficiency, better performance, and precise control.
• These adaptable parts influence a variety of functions by converting air pressure, hydraulic pressure, or electrical signals into mechanical motion.
•  Actuators are essential, ranging from regulating fuel injection precisely for the best engine performance (fuel injector actuators) to guaranteeing smooth idling (IACV actuators).
•  Exhaust Gas Recirculation (EGR) valve actuators can increase fuel efficiency and lower emissions, and they even help to uphold environmental responsibility.

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Automotive Actuator Market: Strategic Insights

Automotive Actuator Market

• 
  CAGR (2023 - 2031)

  5.7%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
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Key Players

• Cebi Group
• Efi Automotive
• Continental AG
• DENSO CORPORATION
• HELLA GmbH and Co KGaA
• Johnson Electric Holdings Limited
• Mitsubishi Electric Corporation
• NIDEC CORPORATION
• Rheinmetall Automotive AG
• Robert Bosch GmbH

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Hydraulic Actuator
• Electric Actuator
• Pneumatic Actuator

Application

• Throttle
• Fuel Injection
• Brake

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Automotive Actuator Market Drivers and Opportunities

Rapid Advancement of Automated Vehicles to Favor the Market

• The most prominent driving force for the automotive actuators market is the rapid evolution of autonomous vehicles
• The automotive industry has increased demand for automotive actuators with the rising push towards autonomous driving features. High-precision actuators are vital for automated systems, which explains the extensive use of machined metal actuators.
•  The functioning of key features such as steering, deceleration, and throttle response depends upon accurate positioning. Customer demand for semi-autonomous and autonomous cars is increasing. Similarly, automakers are working on enhancing automation through extensive investment in research and development.
• Actuators are used to connect mechanized components to an electronic control system. Therefore, the emergence of autonomous vehicles will increase demand for such a vital mechanical component.
• The greater integration of automation technologies in cars serves as a primary driving force for the automotive actuators market, which also grows in parallel with the industry’s transition to advanced autonomous vehicles.

Growing Focus on Autonomous and Electric Vehicles

• The evolution of electric and autonomous vehicles brings perhaps the most dramatic growth opportunity for the automotive actuators market.
• Autonomous vehicles (AVs) and electric cars (EVs) both need many more actuators than cars with internal combustion engines (ICEs). Actuators are used in abundance in AVs and EVs to perform a wide array of functions, such as electric power steering, automatic brakes, and throttle control, as well as for the complex onboard sensor systems needed for autonomous driving.
• Additionally, rising investments by major manufacturers in EV and AV technology and the initiatives by governments around the world to create sustainable mobility will create a strong driver for market growth.

Automotive Actuator Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive actuator market analysis are type application.

• Based on type, the automotive actuator market is divided into hydraulic actuator, electric actuator, and pneumatic actuator.
• On the basis of application, the market is divided into throttle, fuel injection, brake, and others.

Automotive Actuator Market Share Analysis by Geography

• The automotive actuator market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive actuator market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive actuator market in these regions.

Automotive Actuator Market Report Scope

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Automotive Actuator Market News and Recent Developments

The automotive actuator market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive actuator market are listed below:

• Continental AG has entered a strategic partnership with Munich-based high-tech company DeepDrive to develop core technologies for electric vehicles. As a first milestone, both companies will jointly develop a combined unit comprising drive and brake components for mounting directly on the vehicle wheel. (Source: Continental AG, Company Website, September 2023)
• Continental offers ATE Electronic Brake Actuators to help save both professional technicians and their customers time and money during service. Available as an individual part, separate from the whole caliper assembly, the ATE Electronic Brake Actuator allows technicians to replace only the failed actuator without replacing the entire caliper unit. (Source: Continental AG, Company Website, November 2023)

Automotive Actuator Market Report Coverage and Deliverables

The “Automotive Actuator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive actuator market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive Actuator Market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive actuator market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive actuator market
• Detailed company profiles