Press release
Automotive Actuators Market Expected to Witness a Significant Growth of $26.91 Billion by 2023 | Global Key Players - Continental Ag, Delphi Automotive, Robert Bosch Gmbh, Denso Corpora-Tion, And Hella Kgaa Hueck & Co
The automotive actuators market is anticipated to reach USD 26.91 billion by 2023. In 2016, the mar-ket for actuators used for automotive applications accounted for USD 14.9 billion. 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 sale of both passenger cars and commercial vehicles is driving the market.Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/15925
An actuator is a device equipped in a machine that is used to control any mechanism (electrical or me-chanical) associated with the machine. The use of electronics in the automotive industry has been in-creasing to fulfill the demand from consumers regarding vehicle performance, safety, and passenger comfort. Johnson Electric has been a leader in manufacturing actuators for the automobile industry. The company manufactures custom engineered actuators, including HVAC actuators, headlamp actu-ators, grill shutter actuators, and coolant & refrigerant valve actuators. Continental, another leader in automotive actuators market, designs and develops engine actuators and emission actuators.
Key Developments in the Market
February 2018: ClearMotion, a global automotive technology company commercializing the world's first proactive ride system, announced that it has expanded its testing to the United Kingdom, taking residency at the MIRA Technology Park, United Kingdom's leading automotive technology park and enterprise zone.
January 2018: Continental has introduced second generation high-temperature sensor and the differential pressure sensor to the Chinese market.
December 2017: Honda's latest driving simulator ups the actuators for greater range of mo-tion.
Major Players:
CONTINENTAL AG, DELPHI AUTOMOTIVE, ROBERT BOSCH GMBH, DENSO CORPORA-TION, AND HELLA KGAA HUECK & CO., amongst others.
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Evolution of Autonomous Cars will boost the Market for Actuators in Near Future
Growing R&D activities and massive investment from major players in Europe are opening up new hori-zons for driverless cars. As it would take a long time for fully autonomous vehicles to hit the road, the need of the hour is to make semi-autonomous vehicles a success using more advanced driver assis-tance system, which could aid in safer driving. The phase of development and thriving market of the semi-autonomous vehicles would continue until the end of this decade. With the expansion of the ur-ban autopilot system, cars are expected to go fully autonomous by the end of 2025.
Rising innovations in the German automotive industry concerning autonomous cars is expected to help the market for electric automotive actuators to grow considerably over the forecast period. The demand for actuators, especially electric actuators and combination actuators (electrohydraulic, elec-tro-pneumatic, etc.), is expected to grow considerably with an increase in the sale of semi- and fully au-tonomous vehicles.
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