LeapZipBlog: Amanpreet's blog: Automotive Actuators Market: New Approaches and Advancements in Automotive Technology Creating Significant Growth Opportunities

Automotive Actuators Market: New Approaches and Advancements in Automotive Technology Creating Significant Growth Opportunities

January 24, 2020 by Amanpreet  

Global Automotive Actuators Market - A Report by Fact.MR

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global automotive actuators market. The automotive actuators market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the automotive actuators market report elaborates the market behavior of each vendor operating in the automotive actuators market.

The automotive actuators market report considers the following years to present the overall market growth:

  • History Year: 2014 - 2018
  • Base Year: 2014
  • Estimated Year: 2029
  • Forecast Year: 2019 – 2029

Key findings of the automotive actuators market study:

  • Regional breakdown of the automotive actuators market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by automotive actuators market vendors in detail.
  • Region-wise and country-wise fragmentation of the automotive actuators market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global automotive actuators market.

Fact.MR has recently published a report on the automotive actuators market. According to the report, in terms of revenue, the global automotive actuators market is estimated to expand at a CAGR of ~ 6.2% by value and ~ 5.2% by volume over the forecast period.

Since the sales of automotive actuators is related to automotive production and vehicle parc, the increasing automotive production and vehicle parc across the globe is expected to boost the growth of automotive actuators during the forecast period. Although there are unstable economic conditions in the market, the global automotive industry has registered a satisfactory growth. Automotive actuators continue to witness profitable opportunities across the globe. In addition, the increasing dependency of control systems on automotive actuators is driving their worldwide adoption.

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On the basis of product, the automotive actuators market study consists of:

  • Wastegate Actuator
  • VGT Actuator
  • Throttle Actuator
  • Brake Actuator
  • EGR Actuator
  • Power Seat Actuator
  • Grille Shutter Actuator
  • HVAC Actuator
  • Headlamp Actuator

On the basis of vehicle, the automotive actuators market study incorporates:

  • Passenger Vehicle
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

On the basis of region, the automotive actuators market study contains:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (U.K., Germany)
  • APEJ (China, India)

Key players analyzed in the automotive actuators market study:

  • Thermotion LLC
  • Actus Manufacturing, Inc.
  • Robert Bosch GMBH
  • Mitsubishi Heavy Industries Ltd
  • Magneti Marelli S.p.A.
  • Magna International, Inc.
  • Johnson Electric Holdings Limited
  • Hitachi, Ltd
  • HELLA KGaA Hueck & Co
  • Denso Corporation
  • Delphi Technologies Pl
  • Mahle Gmbh

Queries addressed in the automotive actuators market report:

  • How has the global automotive actuators market grown over the historic period of 2014-2018?
  • Why are the automotive actuators market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global automotive actuators market?
  • Which regions are displaying the fastest growth in the automotive actuators market?
  • What are the underlying micro- macroeconomic factors affecting the global automotive actuators market?

In industries, different types of actuators and valves are available to serve a wide range of applications. While considering actuators, the key purpose behind their application is to convert power provided to them into mechanical energy for controlling motion of gases and fluids. Different varieties in the operation of control systems allow actuators to receive their power from pneumatic force, hydraulic pressure, and electric current. When an actuator receives a signal, the energy received from pneumatic force, hydraulic pressure and electric current gets converted into motion. Control systems used in different industries are largely dependent on the actuation technology efficiency.

While based on the type of controlling operations, the supplied energy source may differ from actuator to actuator. The overall control system working is highly dependent on the mechanism of actuators. On the other hand, when actuators fail to control the displacement or motion of matter, the control system will experience inaccuracy in its working and leads to the shutdown of the entire industrial operations. The significance of actuators in the industrial control system will continue to drive their demand during the forecast period.

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Why choose Fact.MR?

Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.