According to “Automotive Actuators Market Analysis 2019” report published by Market Research Future, The Global Automotive Actuators Market to rise at 8% CAGR during 2019 to 2023. Report provides depth analysis of Automotive Actuators Market by Size, Share, Revenue, Opportunity, Investment forecast to 2023. Automotive Actuators Industry is segmented based on type, application type, and vehicle type.
Major Automotive Actuators Companies covered in the market report include Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv PLC (U.S.), Hella KGaA Hueck & Co. (Germany), Denso Corporation (Japan), Wabco Holdings Inc. (Belgium), Stoneridge Inc. (U.S.). Nidec Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Sonceboz SA (Switzerland).
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Global Market Highlights:
Automotive actuators are electric motors or electromagnetic valves which convert the electric signals from the control unit into force or motion. In the engine control system, actuators regulate idle speed and control air flaps for torque and power optimization. The automotive actuators market is anticipated to garner a CAGR of 8% during the forecast period (2017-2023), Market Research Future (MRFR) unveiled in a detailed report. Actuator can be defined as a device which takes in the energy supplied to it in the form of mechanical, electrical, or kinetic energy, and then converts it into motion or force.
Several advancements made in the automotive actuators arena in recent years has widened the functions of automotive actuators. Advances in designs have made numerous safety and assistance functions possible which were previously not feasible. Furthermore, huge investment by key players on R&D activities and increasing sales of electric cars is likely to catapult the market growth over the forecast period. On the contrary, assembly, maintenance, and start-up of automotive actuators need large space, which restricts the market growth.
Automotive Actuators Industry Segments:
The global automotive actuators market has been segmented based on type, application type, and vehicle type.
By type, the automotive actuators market is segmented into electric actuator, hydraulic actuator, and pneumatic actuator. Of these, the electric actuator is the most widely used as it helps in the conversion of electrical energy into mechanical torque. This type of actuator is generally used to operate a multi-turn valve.
By application type, the global automotive actuator market has been segmented into throttle actuator, fuel injection actuator, brake actuator, and others.
Based on vehicle type, the market is bifurcated into light commercial vehicles, heavy commercial vehicles, and passenger cars.
Regional Analysis:
By region, the global automotive actuators market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
Considering the global scenario, the Asia Pacific region is likely to propel the market growth, with economies like China and India predicted to be the future global automotive hubs. The presence of a large population base in the region has resulted in increased annual sales of automobiles, thereby triggering the growth of automobile actuators market in the foreseeable future.
Europe is a significant revenue pocket for the automotive actuators market. Thriving automotive industry accompanied by increased investment in R&D activities in the region supports the growth of the market. Besides, technological advancements within the German automotive industry and growing demand for autonomous and semi-autonomous vehicles foster the growth of the market.
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TABLE OF CONTENTS:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitors
4.1.4 Threat Of New Entrants
5 V2X, By Communication Type
5.1 Introduction
5.1.1 V2C
Continued…
LIST OF TABLES:
Table 1 Automotive Actuators Global Market: By Region, 2018-2023
Table 2 Automotive Actuators North America Market: By Country, 2018-2023
Table 3 Automotive Actuators Europe Market: By Country, 2018-2023
Table 4 Automotive Actuators Asia-Pacific Market: By Country, 2018-2023
Continue…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porters Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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