Press release
Electronic Park Lock Actuator Market: Key Drivers and Growth Insights for 2024-2030
Electronic Park Lock Actuator (EPLA) MarketElectronic park lock actuator (EPLA) has been designed for use in the latest automotive transmissions including EV applications. The Park Lock function is required for vehicles with automatic transmissions, in particular for electric or highly hybridized vehicles, in order to immobilize the vehicle during the parking phase and guarantee the safety of nearby people and property.Actuator is an electromechanical device, formed by DC electrical motor, an optimized mechanical transmission and an electronic control unit, communicated with the vehicle by CAN, LIN, PWM interface.
The traditional mechanical shifter system with cables or rod are replaced by electronic Shift-by-wire mechanism and actuator in the gearbox saving weight, space and improving interior design.
The global Electronic Park Lock Actuator (EPLA) market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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The strong growth in the electrification of drive chains, reinforced by the growth in the automation of vehicles, has led to the implementation of electric actuators, whose action consists of activating a trigger in a toothed wheel in order to create positive locking of the transmission and immobilize the vehicle.
This report aims to provide a comprehensive presentation of the global market for Electronic Park Lock Actuator (EPLA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Park Lock Actuator (EPLA).
By Type
• ASIL A
• ASIL B
• ASIL C
• ASIL D
By Application
• Passenger Vehicle
• Commercial Vehicle
Key Companies
Methode, EFI Group, Ficosa, Stoneridge Inc., Vitesco Technologies, Oechsler, Autoliv Inc., Takata Corporation, Daicel Corporation, Hyundai Mobis, Piezo Technologies, Kistler Group, Arm Holding, Borgwarner Inc, Continental AG, Denso Corporation, Robert Bosch Gmbh, Valeo, Veoneer Inc
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