Global Automotive Actuators Market by Product Type (Throttle, Power Seat, EGR, Brake, VGT, Wastegate, Grille Shutter, Intake Flap, Electrical Exhaust/Sound Flap, & Thermo Module / Thermal Actuators) by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) by Region ( North America, Asia-Pacific, Europe and Rest of the World) - Forecast to 2022
An actuator is a component of a machine that is responsible for moving or controlling a mechanism or system. An actuator requires a control signal and a source of energy.
The control signal is relatively low energy and may be electric voltage or current, pneumatic or hydraulic pressure, or even human power. Increase in the demand for automobiles especially in the developing economies has boosted the market of actuators.
There is a rising demand for fuel-efficient vehicles, will aid the growth of the automotive actuators market to grow. Growing influence of regulations on vehicle's carbon emissions and emission ratings on OEMs is also driving the market.
Continental AG, Delphi Automotive, Denso Corporation, Hella KGaA Hueck & Co., Robert Bosch GmbH, Stoneridge Inc., Wabco Holdings Inc., Mitsubishi Electric Company, Nidec Corporation, Sonceboz SA are some of the leading players operating in this market.
The global automotive actuators market is expected to reach billion in total market value and billion units by volume during the end of the forecast period. The Asia-Pacific region is the largest Automotive Actuators market, in terms of volume.
The region is dominated by developing countries such as India and China, where the automotive industry is growing at a rapid rate.
The North American region is expected to grow in 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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