Global Actuators Market for Automotive Application: Overview
There are many important components in a vehicle among which one of them is automotive actuators. The actuators drive motion and force in a variety of applications such as operating flaps, low power switches, valves and high power hydraulic devices. The automotive actuators have evolved with time from simple mechanical actuators that consist of manual winding windows and seat adjustments to electronic EGR system, power seats, electronic throttle body, electronic brake system and active grille shutter. There is a rising demand for fuel-efficient vehicles, which will help the actuators market to grow.
Global Actuators Market for Automotive Application: Segmentation
The global actuators market for automotive application is segmented into vehicle type, product type and regions. On the basis of the vehicle type, the global actuators market for automotive application is categorized into the light commercial vehicle, passenger car and heavy commercial vehicle. Based on the product type, the global market is segregated into VGT actuator, EGR actuator, grille shutter actuator, throttle actuator, electrical exhaust or sound flaps actuator, wastegate actuator, power seat actuator, intake flap actuator, brake actuator, thermal module actuator. On the basis of regions, the actuators market for automotive application market is diversified into North America, Europe, Asia-Pacific and Rest of the World.
Global Actuators Market for Automotive Application: Growth Factors
The actuators market has evolved drastically from working mechanically to automatically. The main factors that are driving the global actuators market for automotive application are the increasing fuel efficiency rules in the developing countries and consumer awareness to use automobiles that are fuel-efficient and give high performance. The automotive market in the recent years has undergone many technological advancements in which the automotive actuators has developed to a great extent and is still developing. The main objective of the automotive industry is to increase the effectiveness and efficiency of the various functional components in the vehicle. The electrical actuators require low voltage, generate less heat, are more compact and deliver higher torque. The electrical actuators make use of the battery to run the actuator and have the electrical circuit to program the actuators operations. Thus, the global actuators market for automotive application is growing in a positive way.
Global Actuators Market for Automotive Application: Regional Analysis
Asia Pacific leads the automobile sector with a large number of automobile OEMs in the region. The major automobile manufacturing companies are originated in this region giving the trigger to the actuators market to grow. The countries such as India and China contribute to the growth of the actuators market owing to the growing demand from the automobile companies to expand their manufacturing facilities. The North American region is expected to grow at a faster pace than the European region owing to the increasing demand for fuel-efficient automobiles and light and heavy commercial vehicles.
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Global Actuators Market for Automotive Application: Competitive Players
Some of the key market players operating in the global actuators market for automotive application include APC International, Ltd., Continental Ag, Cvel Automotive Electronics, Denso Corporation, Hella Kgaa Hueck & Co., Iav Automotive Engineering, Magneti Marelli S.P.A., Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo S.A., Buehler Motor Inc., CTS Corporation, Delphi Automotive Plc., Firgelli Automations, Hitachi, Ltd., Johnson Electric Holdings Ltd., Marsh Automation, Nook Industries, Inc., and Timotion Technology Co. Ltd.