The Global Automotive Actuators Market size is projected to grow at a CAGR of 7.1% during the forecast period, to reach USD 39.5 billion by 2027 from an estimated USD 22.8 billion in 2019. The growing demand for comfort features and stringent regulations regarding vehicle emissions are expected to foster the growth of the automotive actuators market.
Opportunities:
• Wide Array of Applications Employing the Use of Actuators
• Stringent Government Regulations for Fuel-Efficient Vehicles in Developing Nations
• Growth in Luxury Vehicle Sales
The automotive actuators market comprises major manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), and HELLA GmbH & Co. KGaA. (Germany).
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The telescopic nozzle actuator segment is estimated to be the fastest automotive actuators market, by product type. Telescopic nozzle actuators are used for headlamp cleaning in all weathers such as snow or rain. These help drivers have a better visual of the road and enhance safety. Moreover, in Europe and China, headlamp cleaning systems for xenon headlights are mandatory.
In the actuation segment, an electric actuator is estimated to be the fastest-growing segment of the automotive actuators market. The electric actuators have replaced hydraulic and pneumatic actuators due to their low noise emissions, compact and lightweight design, and flexible installation options. Comfort features have become a global requirement in the automotive industry, and OEMs are investing the best possible efforts to enhance the driving experience by the installation of various comfort actuators. Electric actuators are widely used in comfort actuators such as window lift drive, power tailgate drive, seat drive, and sunroof drive. Electric actuators are more precise in actuation than hydraulic and pneumatic actuators.
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In recent times, there has been a number of innovations in the automotive actuators market. For instance, piezoelectric actuators are a key component in proximity sensors and automated driving features. As automakers move toward fully autonomous vehicles, piezoelectric actuators are expected to play an increasingly important role. These actuators are used for providing reliability in the driving force and motion for applications. These actuators are maintenance-free and can function a number of times without experiencing wear or deterioration.
The Asia Pacific is estimated to be the fastest-growing market for automotive actuators. The automotive actuators market is projected to grow at the fastest rate in economies such as China, India, and Japan. Recent infrastructure developments and industrialization activities in these countries have opened new avenues, opportunities, and markets for OEMs. Besides, the increasing purchasing power has stimulated the demand for automobiles in the region. The increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles have consistently driven the demand for automotive actuators in the region. The growing demand for fuel-efficient vehicles and increasing production volume of light and heavy vehicles in China and India contribute to the growth of the Asia Pacific automotive actuators market.
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