The automotive actuators market is a rapidly growing industry that manufactures and sells different actuators used in various automotive applications. Actuators are devices such as electric motors, hydraulic pumps, o-r pneumatic cylinders, that convert energy into motion. They are used in vehicles to control different systems, such as fuel injection, Heating, Ventilation, Air Conditioning (HVAC), power steering, and brakes.
The market is expected to grow significantly in the next few years, driven by various factors such as the increasing demand for fuel-efficient vehicles, the rise in electric and hybrid vehicle production, and the adoption of advanced driver assistance systems (ADAS). Also, the growing trend toward automation in the automotive industry is expected to boost the demand for actuators.
The automotive actuators industry is mainly driven by the factors such as the overall growth of the automotive industry and the increasing need to develop smaller vehicle engines to improve fuel efficiency. The increasing security and safety concerns and the rise in car accidents caused by drunk driving, careless driving, and loss of control have made the installation of automotive actuators in cars more prevalent and accessible. In addition, rising environmental awareness has encouraged governments in some nations to encourage the use of electric and hydraulic actuators in the automobile industry. The market for automotive actuators is growing as they don’t require fuel, prevent engine combustion, and reduce greenhouse gas emissions. Additionally, equipped with Internet of Things (IoT) technology, these actuators sense vehicle movement, speed, and object distance. Moreover, several other factors, such as the increasing sale of autonomous vehicles and the increasing use of automotive actuators in HVAC systems and refrigerants, are expected to boost the automotive actuators market in the forecast years.
North America and Europe are the leading regions due to the high penetration of advanced automotive technologies and the presence of major automotive manufacturers in these regions. Asia Pacific is also expected to witness the fastest growth during the forecast period due to the increasing production of vehicles in developing countries such as China, Japan, and India. The region has become a hub for automotive production, and the growing demand for electric and hybrid vehicles is expected to drive the growth of the automotive actuators market in the region.
Major players in the automotive actuators market are investing heavily in research and development to introduce new and innovative actuators to the market which are more reliable and efficient. For instance, in October 2022, Hitachi Astemo, Ltd. developed steer-by-wire device technology. This new technology links the steering and turning actuators via electric signals. It also improved safety, comfort, and flexibility for interior design.
By Product Type
Grill Shutter Actuators
Coolant and Refrigerant Valve Actuators
By Vehicle Type
Body & Exterior
Hitachi Astemo, Ltd.
Johnson Electric Holdings Limited.
Mitsubishi Electric Corporation
Robert Bosch GmbH
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