Global Automotive Actuators Market

Automotive Actuators Market Size, Share, Growth Analysis, By Vehicle Type(Passenger Cars and Commercial Vehicle), By Application(Brake actuator, Seat adjustment actuator, and Others.), By Region - Industry Forecast 2024-2031


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

Automotive Actuators Market Insights

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).

With the advancement of technology, automotive actuators are increasingly recognized as pivotal in reducing road fatalities. They find widespread application in throttle control, seat adjustment, brake operation, and closure mechanisms across a variety of vehicle types, including light commercial vehicles, passenger vehicles, and heavy commercial vehicles. The installation of diverse actuators in these vehicles aims to enhance safety and comfort. Automotive actuators are classified into three main types: hydraulic, electric, and pneumatic. Electric actuators have gained prominence globally, replacing hydraulic and pneumatic actuators due to their advantages such as lower noise emission, compact and lightweight design, and flexible installation options. Comfort features have become a universal requirement in passenger vehicles, prompting original equipment manufacturers (OEMs) to invest significant efforts in installing various actuators to enhance the driving experience. Electric actuators are extensively used in comfort-related functions, such as window lift drives, power tailgate drives, seat drives, and sunroof drives, among others, in light commercial vehicles, passenger, and heavy commercial vehicles.

US Automotive Actuators Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 18.6 Billion

Largest Segment

Brake Actuators

Fastest Growth

Brake Actuators

Growth Rate

6.6% CAGR

Global Automotive Actuators Market ($ Bn)
Country Share for Europe Region (%)

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Automotive Actuators Market Segmental Analysis

The global automotive actuators market is segmented on the basis of product type, application, and region. By vehicle type, the market is segmented into Passenger Cars, and Commercial Vehicle. In terms of application, the market is segmented into brake actuator, seat adjustment actuator, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Automotive Actuators Market Analysis By Vehicle Type

The dominant vehicle type in the automotive actuators market has traditionally been passenger cars. Passenger cars have a larger market share compared to commercial vehicles due to higher production volumes and consumer demand.

However, in recent years, the commercial vehicle segment has been witnessing significant growth and is considered one of the fastest-growing segments in the automotive actuators market. This growth can be attributed to factors such as increasing urbanization, expanding logistics and transportation sectors, and the demand for advanced features and safety systems in commercial vehicles.

Automotive Actuators Market Analysis By Application

The brake actuator segment has been a dominant application type in the automotive actuators market in 2022. This is primarily due to the critical role of brake actuators in ensuring vehicle safety and control.

As for the fastest-growing segment, the seat adjustment actuator segment has shown significant growth in recent years. The increasing focus on enhancing comfort and ergonomics in vehicles has driven the demand for advanced seat adjustment mechanisms. This includes the integration of actuators for adjusting seat positions, lumbar support, seat height, and other comfort-related features.

Global Automotive Actuators Market by Application, 2023 (%)

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Automotive Actuators Market Regional Insights

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.

In terms of the fastest-growing region, Asia-Pacific has been experiencing significant growth in recent years. The region has witnessed rapid industrialization, urbanization, and a rise in disposable income, leading to increased automotive production and demand. Additionally, countries like China, Japan, and South Korea have emerged as major automotive manufacturing hubs, contributing to the growth of the automotive actuators market in the Asia-Pacific region.

Global Automotive Actuators Market By Region, 2024-2031
  • Largest
  • Fastest

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Automotive Actuators Market Dynamics

Automotive Actuators Market Drivers

  • Better Connectivity and Safety Features

Enhanced connectivity and safety features have become increasingly important in the automotive industry. Actuators play a crucial role in engine management systems by controlling idle speed, as well as in air flap management systems to optimize torque and maximize power output. As individuals prioritize vehicle performance and safety, the automotive actuator market is witnessing significant growth.

Furthermore, the integration of Internet of Things (IoT) technology in passenger cars to offer improved connectivity and advanced safety features is expected to have a considerable impact on the industry's trajectory in the foreseeable future.

Automotive Actuators Market Restraints

  • Fluid Leaks and High Maintenance of Systems

Fluid leaks can lead to reduced performance and efficiency in systems. Moreover, these leaks can pose risks to nearby components, impacting their functionality, and can also create cleanliness issues. Hydraulic actuators, in particular, require several additional components, including fluid reservoirs, motors, pumps, valves, heat exchangers, and noise-canceling devices. However, the market faces challenges due to the high maintenance requirements of systems with multiple components that need frequent monitoring and assessment.

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Automotive Actuators Market Competitive Landscape

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.

Automotive Actuators Market Top Player’s Company Profile

  • Continental AG - Germany
  • Denso Corporation - Japan
  • BorgWarner Inc. - US
  • Hitachi, Ltd. - Japan
  • Mitsubishi Electric Corporation - Japan
  • Hella GmbH & Co. KGaA - Germany
  • Aisin Seiki Co., Ltd. - Japan
  • Mahle GmbH - Germany
  • ZF Friedrichshafen AG - Germany
  • Nidec Corporation - Japan
  • WABCO Holdings Inc. - Belgium
  • Magna International Inc. - Canada
  • Rheinmetall Automotive AG - Germany
  • HELLA KGaA Hueck & Co. - Germany
  • Infineon Technologies AG - Germany
  • Mabuchi Motor Co., Ltd. - Japan
  • CTS Corporation - US

Automotive Actuators Market Recent Developments

  • 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 Key Market Trends

  • 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.
  • Lightweight and Compact Actuators: As the automotive industry focuses on improving fuel efficiency and reducing emissions, there is a trend towards lightweight and compact actuators. These actuators help minimize vehicle weight and space requirements while maintaining performance and efficiency.

Automotive Actuators Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global automotive actuators market analysis, they play a crucial role in the functioning of various systems within vehicles. They are responsible for controlling and regulating different mechanical and electrical operations. Regionwise, Europe leads the market with Asia Pacific in close competition. Rise in disposable income of people and high rate of urbanization and industrialization are the key growth drivers.

In summary, automotive actuators are essential components that enable the control and operation of various systems in vehicles, ensuring performance, safety, and comfort. The market for automotive actuators is driven by technological advancements and the evolving needs of the automotive industry.

Report Metric Details
Market size value in 2023 USD 18.6 Billion
Market size value in 2031 USD 33.06 Billion
Growth Rate 6.6%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Vehicle Type
    • Passenger Cars and Commercial Vehicle
  • Application
    • Brake actuator, Seat adjustment actuator, and Others.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Continental AG - Germany
  • Denso Corporation - Japan
  • BorgWarner Inc. - US
  • Hitachi, Ltd. - Japan
  • Mitsubishi Electric Corporation - Japan
  • Hella GmbH & Co. KGaA - Germany
  • Aisin Seiki Co., Ltd. - Japan
  • Mahle GmbH - Germany
  • ZF Friedrichshafen AG - Germany
  • Nidec Corporation - Japan
  • WABCO Holdings Inc. - Belgium
  • Magna International Inc. - Canada
  • Rheinmetall Automotive AG - Germany
  • HELLA KGaA Hueck & Co. - Germany
  • Infineon Technologies AG - Germany
  • Mabuchi Motor Co., Ltd. - Japan
  • CTS Corporation - US
Customization scope

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  • Segments by type, application, etc
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  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive Actuators Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive Actuators Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive Actuators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Actuators Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Actuators Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Actuators Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

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).

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 GmbH - Germany', 'Continental AG - Germany', 'Johnson Electric Holdings Limited - Hong Kong', 'Denso Corporation - Japan', 'Valeo SA - France', 'BorgWarner Inc. - US', 'Hitachi, Ltd. - Japan', 'Mitsubishi Electric Corporation - Japan', 'Hella GmbH & Co. KGaA - Germany', 'Aisin Seiki Co., Ltd. - Japan', 'Mahle GmbH - Germany', 'ZF Friedrichshafen AG - Germany', 'Nidec Corporation - Japan', 'WABCO Holdings Inc. - Belgium', 'Magna International Inc. - Canada', 'Rheinmetall Automotive AG - Germany', 'HELLA KGaA Hueck & Co. - Germany', 'Infineon Technologies AG - Germany', 'Mabuchi Motor Co., Ltd. - Japan', 'CTS Corporation - US'

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 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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