What is the global market size of Automotive Actuators Market?

Global Automotive Actuators Market size was valued at USD 18.6 Billion in 2021 and is poised to grow from USD 19.83 Billion in 2022 to USD 33.06 Billion by 2030, at a CAGR of 6.6% during the forecast period (2023-2030).

Automotive Actuators Market Size, Share, Growth Analysis, By Product(Brake Actuators, Cooling Valve Actuators, EGR Actuators, Grill Shutter Actuators), By Actuation(Operational Data, Hydraulic, Pneumatic, and Electric), By Motion(Linear, Rotary), By Artificial Muscles(Shape Memory Alloy (SMA), and Smart Polymers), By Vehicle Type(On-highway (Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HEV)), and Off-Highway), By Application(Operational Data, Engine, Body Control & Exterior, and Interior Actuators), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2162 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 61 | Figures: 75

Automotive Actuators Market News

In April 2022, Continental AG entered into a partnership with Arkamys to enhance the audio solutions in vehicles. As part of this collaboration, a demo vehicle was equipped with Continental's sound-type automotive actuators, which were integrated with conventional commodity speakers. This initiative aimed to improve the overall audio experience in vehicles.

In January 2021, In a collaborative effort, Continental AG and Sennheiser introduced a speaker-less audio system designed specifically for vehicle interiors. Sennheiser, renowned for its expertise in creating immersive audio experiences, utilized automotive actuators within the vehicle to generate sound. The innovative system aimed to enhance the audio quality and provide an immersive audio environment without traditional speakers.

Automotive Actuators Market Report Snapshots

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Global Automotive Actuators Market size was valued at USD 19.92 billion in 2022 and is poised to grow from USD 20.90 billion in 2023 to USD 30.64 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The market is highly competitive and fragmented in nature, with numerous players operating in the industry. These companies offer a wide range of automotive actuators, including electric, hydraulic, pneumatic, and mechanical actuators, among others. The market is driven by factors such as increasing vehicle production, rising demand for comfort and convenience features, and stringent government regulations related to emissions and fuel efficiency. 'Robert Bosch (Germany) ', 'Hella GmbH & Co. KGaA (Germany) ', 'Continental AG (Germany) ', 'Johnson Electric (Hong Kong) ', 'Denso Corporation (Japan) ', 'Mitsubishi Electric Corporation (Japan) ', 'Nidec Corporation (Japan) ', 'BorgWarner (US) ', 'Hitachi Automotive Systems Ltd. (Japan) ', 'Stoneridge Inc. (US) ', 'Mahle GmbH (Germany) ', 'EFI Automotive (France) ', 'ZF Friedrichshafen AG (Germany) ', 'Magneti Marelli (Italy) ', 'Valeo SE (France) ', 'Nook Industries Inc. (US) ', 'Actus Manufacturing Inc. (US) ', 'Thermotion (US) ', 'CTS Corporation (US) ', 'APC International, Ltd. (US) ', 'Hoerbiger Holding AG (Switzerland) ', 'Cebi International SA Group (Luxembourg) ', 'Tolomatic, Inc. (US) ', 'Actuonix Motion Devices (Canada)'

Better Connectivity and Safety Features

Electrification and Autonomous Vehicles: The growing shift towards electrification and the development of autonomous vehicles are driving the demand for advanced actuators. Electric vehicles (EVs) require actuators for various functions, such as powertrain control, battery management, and HVAC systems. Autonomous vehicles rely heavily on actuators for steering, braking, and other critical functions.

The dominant region in the global automotive actuators market has traditionally been Europe. This is because Europe is home to several key automotive manufacturers and has a well-established automotive industry, driving the demand for automotive actuators.

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