Press release
Forecasting the Growth of Automotive Actuators Market USD 38.3 Billion by 2032
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Market Opportunity
The demand for automotive actuators is on the rise due to the increasing production of vehicles, particularly in emerging markets in Asia and Latin America.The emergence of electric and autonomous vehicles has created new opportunities for actuators, as these vehicles require advanced actuators for functions like regenerative braking and autonomous driving features.The development of more efficient engines to meet stricter emission regulations worldwide has fueled the demand for actuators that can optimize engine performance while reducing emissions.Modern car buyers are increasingly looking for vehicles with advanced comfort and safety features, and actuators play a crucial role in delivering these features, such as power seats, advanced infotainment systems, and adaptive cruise control.
Market Challenges
The automotive industry is known for its intense competition and emphasis on cost reduction, which puts pressure on actuator manufacturers to balance innovation and affordability in order to stay ahead. As vehicles become more technologically advanced, actuators must also become more sophisticated to keep up with the demands of integration. This can pose challenges in both development and manufacturing. The COVID-19 pandemic has highlighted the vulnerability of the global supply chain, which can have a significant impact on the availability of crucial components needed for actuator production. Actuator manufacturers must navigate a complex landscape of safety and environmental regulations to ensure their products meet global standards, which can be a daunting task.
Key Players
Delphi Automotive
Mitsubishi Corporation
Denso Corporation
Robert Bosch GmbH
Continental AG
BorgWarner Inc.
CTS Corporation
Delphi Technologies Pl
HELLA KGaA Hueck & Co
Hitachi, Ltd
Johnson Electric Holdings Limited
Magna International, Inc
Competitive Landscape
To enhance adoption in lucrative areas, the aforementioned companies employ a combination of organic and inorganic methodologies, as well as strategic partnerships and collaborations with prominent end-use verticals such as automotive manufacturers.
Notable advancements include:
In 2022, Continental AG forged a partnership with Arkamys to enhance audio solutions in vehicles. This collaboration involved the installation of Continental sound-type automotive actuators in a demo vehicle, which was initially equipped with conventional commodity speakers.
In 2021, Continental AG and Sennheiser jointly introduced a speaker-less audio system for vehicle interiors. Sennheiser's expertise in creating immersive audio was leveraged through the use of automotive actuators within the vehicle to generate sound.
In 2019, HELLA GmbH & Co. KGaA expanded its electronics capabilities in distinctive applications. The company broadened its portfolio to encompass sensors, energy management, automotive actuators, body electronics, and driver assistance systems.
Market Segments Covered in Automotive Actuator:
By Product :
Waste Gate Actuator
VGT Actuator
Throttle Actuator
Brake Actuator
EGR Actuator
Power Seat Actuator
Grille Shutter
HVAC Actuator
Headlamp Actuator
Others (Quick Attach, Hood Lift, etc.)
By Vehicle :
Passenger Vehicles
Commercial Vehicles
Heavy Commercial Vehicles
By Working :
Pneumatic
Hydraulic
Electromagnetic
Gear Motors or Electric
By Sales Channel :
OEM
Aftermarket
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)
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Table of Contents
Global Micro Actuator Market Research Report 2018
1 Micro Actuator Market Overview
1.1…
