Automotive Actuators Market 2023 Driving Factors Forecast Research 2029

Automotive actuators market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). The market's growth is attributed to evolution of the automotive industry. With the rising incorporation of advanced innovations such as autonomous driving, ADAS (Advanced Driver Assistance Systems), and in-car entertainment systems, the automobile industry has been going through a transition. Actuators are essential to the development of these technologies. Furthermore, a innovative MEMS autofocus actuator has demonstrated usage in a variety of fields, including mobile robotics, automobiles, action cameras, drones, machine vision, security, and surveillance. For instance, in September 2023, Sheba Microsystems Inc., launched an innovative new product, the MEMS Autofocus Actuator for Active Athermalization in Embedded Vision Cameras, that is utilized in mobile robots, automotive, action, drones, machine vision, security, and surveillance.

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The global automotive actuators market is segmented on the application, and vehicle type. Based on the application, the market is sub-segmented into throttle control, steering control, brake system, transmission control, engine control, and others. Furthermore, on the basis of vehicle type, the market is sub-segmented into passenger cars, and commercial vehicles. The passenger car subcategory is expected to capture a significant portion of the market share within the vehicle type segment. This is attributed to the owing to the reduced noise emission, the lightweight, compact design, and the flexible installation possibilities. In the car business, comfort elements are now a requirement on a global level.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Automotive Actuators Market by Application Type
o Throttle Control
o Steering Control
o Brake System
o Transmission Control
o Engine Control
o Others (Fuel Tank Ventilation, Turbocharger Control, and Convertible Roof Mechanisms)

Global Automotive Actuators Market by Vehicle Type
o Passenger Cars
o Commercial Vehicles

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o CTS Corp.
o DENSO Corp.
o Eaton Corporation plc
o Emerson Electric Co.,
o HELLA GmbH & Co. KGaA
o Hitachi, Ltd.
o Johnson Electric Group
o Marelli Holdings Co., Ltd.
o Mitsubishi Electric Corp.
o Nidec Corp.
o Robert Bosch GmbH
o Rotork plc,
o Schlumberger Ltd.

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive actuators market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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