Press release
Automotive Actuators Market Anticipated To Witness Robust Growth, Surpassing $30.05 Billion By 2029
Automotive Actuators
What Is the Current Automotive Actuators Market Size and Its Estimated Growth Rate?
The automotive actuators market has experienced substantial growth, moving from $22.6 billion in 2024 to $24 billion in 2025 at a CAGR of 6.2%. Contributing factors include developments in autonomous driving, government policies for emissions and efficiency, aftermarket replacement demand, and higher EV production.
The automotive actuators market will likely grow to $30.05 billion in 2029 at a CAGR of 5.8%, driven by ADAS demand, increased vehicle production, focus on comfort, and hybrid vehicle adoption. Key trends include autonomous vehicle development, smart actuators, ADAS integration, electrification, and miniaturized, efficient components.
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How Are Emerging Segments Shaping the Automotive Actuators Market Landscape?
The automotive actuators market covered in this report is segmented -
1) By Type: Hydraulic Actuator, Electric Actuator, Pneumatic Actuator
2) By Vehicle: Passenger Vehicles, Commercial Vehicles, Others Vehicles Type
3) By Sales: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closure Actuator, Other Applications
Subsegments:
1) By Hydraulic Actuator: Linear Hydraulic Actuators, Rotary Hydraulic Actuators, Electro-Hydraulic Actuators, Hydraulic Actuators For Steering Systems, Hydraulic Actuators For Suspension Systems
2) By Electric Actuator: Linear Electric Actuators, Rotary Electric Actuators, Piezoelectric Actuators, Electric Actuators For Brake Systems, Electric Actuators For Throttle Control, Electric Actuators For Seat Adjustments And Windows
3) By Pneumatic Actuator: Single-Acting Pneumatic Actuators, Double-Acting Pneumatic Actuators, Pneumatic Actuators For Climate Control Systems, Pneumatic Actuators For Transmission And Gear Shift Systems, Pneumatic Actuators For Door Systems And Seats
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Which Growth Factors Are Influencing Automotive Actuators Market Expansion?
The growing demand for electric vehicles (EVs) is expected to propel the growth of the automotive actuators market. Electric vehicles use electric motors for propulsion, and their rising demand is driven by technological advances, environmental concerns, and global efforts to reduce carbon emissions. Automotive actuators in EVs provide precise control over functions like braking, steering, and thermal management, enhancing vehicle performance and safety. In July 2023, the International Energy Agency reported that over 2.3 million electric cars were sold in Q1 2023, marking a 25% increase from the same period in 2022, with sales expected to reach 14 million by the end of 2023.
Who Are the Dominant Players Across Different Automotive Actuators Market Segments?
Major companies operating in the automotive actuators market are Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Valeo SA, Eaton Corporation, Nidec Corporation, Schaeffler AG, Infineon Technologies AG, Mahle GmbH, BorgWarner Inc., Hitachi Astemo Ltd., SKF AB, Hella GmbH & Co. KGaA, NSK Ltd., Mando Corporation, Nexteer Automotive, Johnson Electric Holdings Limited, Sonceboz SA , Delphi Technologies, Wabco Holdings Inc., EFI Automotive
What Automotive Actuators Market Trends Are Gaining Traction Across Different Segments?
In the automotive actuators market, companies are developing smart actuators to enhance vehicle performance with advanced control features. Smart actuators are integrated with intelligent control systems, allowing precise management of various vehicle functions. In September 2023, Marelli launched a smart actuator for electric vehicles, designed to optimize transmission and thermal management, improving energy efficiency and vehicle performance.
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Which Geographic Regions Are Expected to Dominate the Automotive Actuators Market in the Coming Years?
Asia-Pacific was the largest region in the automotive actuators market in 2023. The regions covered in the automotive actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Actuators Market?
2. What is the CAGR expected in the Automotive Actuators Market?
3. What Are the Key Innovations Transforming the Automotive Actuators Industry?
4. Which Region Is Leading the Automotive Actuators Market?
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Table of Contents:
Table of Contents
Global Micro Actuator Market Research Report 2018
1 Micro Actuator Market Overview
1.1…
