Automotive Actuators Market 2019 – 2025 | Regional Analysis, Applications and Growth Trends
Category: #business  By Partha Ray  Date: 2019-08-14
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Automotive Actuators Market 2019 – 2025 | Regional Analysis, Applications and Growth Trends

The Asia Pacific automotive actuators market is expected to grow rapidly owing to high production capabilities in the automotive sector. China, Japan, and India are witnessing high demand for passenger cars supporting the industry growth. Autonomous cars are gaining high popularity in this region owing to safety and technically advanced features supported by sensors and actuators. In 2017, Singapore introduced an amendment to its Road Traffic Act that granted permission for self-driving vehicles to be tested on public roads. Prominent players in the U.S. are heavily investing in autonomous car development, further creating the demand for these components .

Passenger cars are gaining high traction in the automotive actuators market owing to the increased need of safety features. Increasing road fatalities across the globe led to the implementation of these components to enhance safety, thereby supporting the industry growth. For instance, according to the National Highway Traffic Safety Administration, approximately 40,000 people were killed in road fatalities in the U.S. in 2017.

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In the pneumatic actuators are gaining a high demand owing to the energy conversion feature. It converts energy obtained from compressed air into linear motion, which supports its application in engine controls. These components support quick responses in relation with the engine start & stop function. Thus, pneumatic products support high production of force from a relatively small pressure change providing high accuracy. These components do not include hazardous materials, thus providing safety to other vehicle parts and supporting the Automotive Actuators Market growth.

Automotive Actuators Market is expected to grow exponentially from 2019 to 2025 driven by its growing applications in the automotive industry in various systems such as braking, acceleration systems, etc. These systems support the conversion of electrical signals from control units into mechanical functions such as regulation of fluids flow or actuate pumps for pressure building. The actuators are utilized for engine control to regulate idle speed and air flaps control to provide torque & power optimization. Increasing awareness about vehicle safety and performance is supporting the Automotive Actuators Market growth.
 

A major drawback of the automotive actuators market is periodic reduction in efficiency, which leads to pressure loss and air compressibility. These components require regular repair & maintenance, which incurs extra cost to the owner. Complex mechanism of the actuators makes repairing and servicing a complex task and requires skilled technicians. Another factor hampering the automotive actuators market development is fluid leaking issue in these components, which leads to inefficiency & contamination and further damaging other vehicular parts. There are different types of actuators used for different applications. Choice of the right actuator will reduce this limitation, further supporting the automotive actuators market growth.
 

Players operating in the automotive actuators market are Hella KGaA Hueck & Co., Aptiv PLC, Robert Bosch GmbH, Wabco Holdings Inc., Denso Corporation, Mitsubishi Electric Corporation, Continental AG, Nidec Corporation, and Sonceboz SA.

The Automotive Actuators Market players of automotive actuators are adopting growth strategies, such as M&A, collaborations, and investing in R&D activities, to launch new & innovative products to strengthen the product portfolio. For instance, in November 2018, Nidec Corporation announced the launch of new thin actuators that combine motor and gearbox technologies into a compact & flat drive unit providing better utilization of space. In August 2018, Sonceboz SA announced the launch of its new-generation valve actuators, which ensure reliability and precision independent of the oil circuit.

Methodology used in this report: -

our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the Automotive Actuators Market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Automotive Actuators Market Definition and scope of research
  • Automotive Actuators Market dynamics, growth drivers and industry pitfalls
  • Automotive Actuators Market Regulatory and political guidelines for the industry
  • Automotive Actuators Market Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Automotive Actuators Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating Automotive Actuators Market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Automotive Actuators Market Key customers and B2B clients

Market Insight Coverage|
 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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