About Automotive Electric Actuators
Automotive electric actuators are components of the machine or system which results in moving of controlling the mechanism used mainly in passenger and commercial vehicle. The actuators are the necessary part of the electronic control system as it converts the electrical signals from the control unit to the final action. These actuators are available with the various rage of valve-like 2 port valve, 3 port valve, 4 port valve, and 5 port valve.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Automotive Electric Actuators consists large number of players in the market and there is stiff competition in the market. The manufacturers focusing on the research and development activities along with new product launches. They are also planning to indulge in strategic activities for maintaining their competitive edge and sustain in the market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch GmbH (Germany), DENSO Corporation (Japan), Aptiv PLC (Delphi) (Ireland), Johnson Electric Holdings Limited (Hong Kong), Mitsubishi Electric Corporation (Japan), Magneti Marelli S.p.A. (Italy), Hitachi Automotive Systems (Japan), Magna International Inc. (Canada) and MAHLE GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Automotive Electric Actuators market by Type (Throttle Actuator, Fuel Injection Actuator, Brake Actuator and Others), Application (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle) and Region.
On the basis of geography, the market of Automotive Electric Actuators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Valve, the sub-segment i.e. 2 Port Valve will boost the Automotive Electric Actuators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEM will boost the Automotive Electric Actuators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging New Designed Automotive Electric Actuators with Safety Functionality
Market Growth Drivers:
Growing Automotive Industry Across the World and Need for the Proper Working of Control Unit in the Vehicle of Efficient Working
Challenges:
Number of New Entrants in the Automotive Electric Actuators Market Leading to Stiff Competition
Restraints:
Stringent Regulatory Guidelines on the Automotive Electric Actuators
Opportunities:
Rising Production of Electric Vehicle is Boosting the Automotive Electric Actuators Market
Market Leaders and their expansionary development strategies
In May 2023, DENSO CORPORATION, a leading mobility supplier, and United Semiconductor Japan Co., Ltd., a subsidiary of global semiconductor foundry United Microelectronics Corporation, announce a joint collaboration to produce insulated gate bipolar transistors entering mass production at 300mm.
In March 2021, MAHLE is one of the world's top three manufacturers of mechatronic actuators for automotive applications. Actuators convert electrical energy into mechanical motion. In electric vehicles, for example, they are used to control transmissions and air conditioning systems. MAHLE has successfully expanded this product group for e-mobility requirements, continuing to drive the group's technological innovations.
Key Target Audience
Automotive Electric Actuators Manufacturers, Automotive Electric Actuators International Traders, Automotive Electric Actuators Distributors and Suppliers, Automotive Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.