Automotive Actuator Market Size, Share, Growth, and Industry Analysis, By Type (HVAC Actuators, Headlamp Actuators, Grill Shutter Actuators, Seat Actuators, Brake Actuators, Coolant & Refrigerant Valve Actuators and Others), By Application (Two- & three-wheelers, Passenger Cars and Commercial Vehicles) and Regional Forecast to 2032

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AUTOMOTIVE ACTUATOR MARKET REPORT OVERVIEW

The Automotive Actuator Market Size is Projected to be worth US$ 1211.6 Million in 2023, Market is likely to Surpass US$ 1924.75 Million by 2032 at a CAGR of 4.74% During the Forecast period [2024-2032].

Car actuator is among the vital parts of any modern car and is constructed as a device capable of converting the electrical signals into mechanical plane for the purpose of the control of some components of automobiles. Some of its applications include operations such as setting the throttle of a car, change in the seating arrangement, the climate regulation within the car among others such as windows and mirrors of a car.

COVID-19 Impact: Market Growth restrained by the Pandemic due to Disruptions in Supply Chain

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Consequently, due to the COVID-19, affects nearly all the areas concerned with the automotive sector; thus, the progression of the Automotive Actuator Market was to some extent affected by this factor. This discouraged the original production of cars and subsequent sales because during the first outbreak, and the following lock-downs, factory closures were precise, supply chains were interfered with, and there was a car buyer slump due to economic vagueness. This abrupt decrease in the production and selling of automobiles impacted the demand for automotive actuators which stagnated the market.

LATEST TRENDS

"Electrification of Vehicles to Propel Market Growth"

The battery actuator is a major trend in the Automotive Actuator Market owing to globalization on emissions control and effectiveness. With the increase in use of electric vehicles, there is corresponding rise in the development of complex actuators that will suit the systems in electric vehicles. Electric actuators are closely involved in the evaluation of vitality for EVs duties including electric powering trains, battery control, electric regenerative brakes as well as electric Steering wheels. Unlike internal combustion engine vehicles, EVs are very much dependent on electricity, which requires electrical and electronic systems that have actuator that is light, efficient and compatible with the electronic control unit.

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AUTOMOTIVE ACTUATOR MARKET SEGMENTATION

By Type

Based on type the market can be categorized into HVAC Actuators, Headlamp Actuators, Grill Shutter Actuators, Seat Actuators, Brake Actuators, Coolant & Refrigerant Valve Actuators and Others.

• HVAC Actuators- AHVAC (Heating, Ventilation, and Air Conditioning) actuators control the flow and temperature within the compartment of a car. Control the position of cross flow air blend doors; managing the air to various regions like defrost or face air and mixing hot and cold air to regulate the temperature of cabin. These actuators help to maintain comfort and the effective condition of the temperature in the coaches.

• Headlamp Actuators- Steering column actuators control the position and brightness of a car’s headlamps. They are vital in adaptive headlight systems, which is that part of the headlight system that changes the beam angle depending on the conditions of driving such as the angle of steer-ing and the speed of the automobile during night.
• Grill Shutter Actuators- These actuators regulate the operation of the grill shutters found on the front part of the car. Grill shutter actuators control airflow to the engine enclosure thus enhancing, aerodynamics, fuel efficiency, and engine cooling.

• Seat Actuators- Like other actuators, seating actuators control the movement of car seats for instance the reclining, sliding, or height changes. They offer convenience and passenger comfort due to the feature of the seats where one can adjust them according to the desired position. Some of the high end seat actuators offered also entail memory functions to enable one to set preferred settings.

• Brake Actuators- The brake actuators are crucial in the operation of the braking system especially in cars being fitted with ADAS. They translate the electrical signals generated from the brake control unit into mechanical force to apply the same.

• Coolant & Refrigerant Valve Actuators- These actuators regulate the amount of coolants and refrigeration forgery within an automobile’s engine and air conditioning systems. It allows the manipulation of the valves to either allow in or restrict air to the engine for the purpose of cooling and proper circulation of the air conditioning system.

By Application

Based on application the market can be categorized into Two- & three-wheelers, Passenger Cars and Commercial Vehicles.

• Two & Three Wheelers- Largely in the two and three wheelers, actuators are used in the variety of operations like throttle, brake and shift operations. Due to the advancements of electric two-wheelers, actuators have been incorporated in EMS within the electric power train and battery control is deemed to operate optimally and responsively.

• Passenger Cars- Riding on cars involve many actuators to enhance comfort, safety and performance of cars. Contemporary PCs contain actuators for controlling HVAC, windows and mirrors, seats, and the boot.

• Commercial Vehicles- Manufactured automobiles such as trucks and buses involve the use of actuators in numerous operations that are associated with the weight of the vehicle. These components are used for regulating various operations that are inherent to the engines of these autos, transmission and brake systems.

DRIVING FACTORS

"Focus on Vehicle Safety and Comfort to Drive Market Advancement"

One of the key driving factors in the Automotive Actuator Market growth is Focus on Vehicle Safety and Comfort. This fundamental reason to deliver safety and comforts of vehicles is one that embodies the rise in recognition of the automotive actuators; more often consumers and related officials pay attention to this factor in automobiles. Anti-lock braking systems as well as the adaptive cruise control system, lane-departure warning, and collision-mitigation warnings are emergent actuators in safety features. Such systems entail the use of actuators to perform such operations as Braking, steering and throttle and amongst others in order to afford adequate response to any event of danger.

"Consumer Demand for Enhanced Driving Experience to Expand the Market"

The primary factor responsible for propelling the demand of automotive actuator is the factor. Ängering-pleasure of the consumer is a key driver behind the buying of Automotive Actuator Market. Today’s buyer-sellers seek transport equipment with higher performance standards plus other extras that enhance the automobile experience. The actuators have a major role to fill these expectations by allowing the engineer incorporation of other elevated technologies such as ADAS, APS, adaptive lighting, and Infotainment systems.

RESTRAINING FACTOR

"Complexity of Integration Poses Potential Impediments to Market Growth "

High density and increased multiplicity of automotive actuators’ applications restrict the market for automotive actuators due to complications associated with incorporation of such systems in today’s automobiles. Sensors for control are grouped into a critical system that includes steering, braking, powertrain, and ADAS systems. However, there are several reasons that make updating the architecture of a vehicle and incorporating actuators complicated as vehicles gets more technologically enhanced.

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AUTOMOTIVE ACTUATOR MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific to Dominate the Market due to presence of major automotive manufacturing countries"

Asia Pacific has emerged as the most dominant region in the Automotive Actuator Market share due to a convergence of factors that propel its leadership in this dynamic industry.The Automotive Actuator Market is significant and growing most in Asia Pacific among all the regions of the world. This region comprises the world’s largest automobile manufacturing countries like China, Japan, South Korea, and India that govern both production and technology in this industry. The increase in industrialization, more car manufacturing companies, and shifting toward the use of electric vehicles and the adoption of ADAS in the Asia-Pacific region attributed to the region’s substantial lead in the Automotive Actuator Market.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Automotive Actuator Landscape through Innovation and Global Strategy"

Major industry players are pivotal in shaping the Automotive Actuator Market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of Automotive Actuator.

LIST OF MARKET PLAYERS PROFILED

• Magneti Marelli (Italy)
• Knorr-Bremse (Germany)
• Bosch (Germany)
• Stoneridge (USA)
• Woco Industrietechnik (Germany)

INDUSTRIAL DEVELOPMENT

May 2024: Another important item is to become listed in the list of existing electrification solutions; this has helped to expand the number of products with the inclusion of the electronic valve actuator – eVA.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.