Industry Background:
Automotive actuators are an essential part of electronic control systems in passenger cars and commercial vehicles. It converts the electrical signals from the control unit into action. It requires a control signal and a source of energy. The control signal is relatively low energy and maybe electric voltage or current, pneumatic or hydraulic pressure or even human power. Its main energy source may be an electric current, hydraulic fluid pressure or pneumatic pressure. When actuator receives a control signal it converts the signal energy into mechanical motion.This growth is primarily driven by Increase in demand for fuel-efficient vehicles
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Automobiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Continental AG (Germany), Bosch (Germany), Hitachi (Japan), MAHLE GmbH (Germany), Valeo (France), Mitsubishi Electric (Japan), Magna International (Canada), Aisin Seiki (Japan), Eaton (USA) and Schaeffler (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2022, Bosch acquired Atlatec to strengthen its self-driving portfolio. The planned acquisition of Atlatec further expands our expertise in high-resolution digital maps and makes us more diversified. This makes Bosch the only company that can provide customers with all the building blocks needed for automated driving – from actuators and sensors to software and guidance.
In January 2020, Global Tier One automotive supplier AISIN Group unveiled a concept vehicle as part of its exhibition at CES, booth #8509 at the Las Vegas Convention Center. Global Tier One automotive supplier AISIN Group today announced that it will unveil a concept vehicle as part of its exhibition at CES 2020, January 7-10, booth #8509 at the Las Vegas Convention Center.
Influencing Trend:
Demand for actuators with improved features
Market Growth Drivers:
Increase in demand for fuel-efficient vehicles and Rising wide number of applications of the actuators
Challenges:
Fluctuations in the world economy
Restraints:
High cost of the actuators
Opportunities:
Growing automotive industry worldwide and Rising demand for automotive vehicles
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Actuators Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Actuators Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Actuators players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Actuators Study Sheds Light on
The Automotive Actuators Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Actuators industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Actuators industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.