Automotive Actuators Market Size Forecasted to Reach USD 70.06 Billion by 2032

Overview

The automotive actuators market size is estimated at USD 24.56 billion in 2022 and projected to grow at a CAGR of 12.35% during the forecast period, to reach USD 70.06 billion by 2032.

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Rapid advancements in the automotive industry, particularly in developing autonomous vehicles and advanced driver assistance systems (ADAS) like adaptive cruise control (ACC), automatic braking assist, and lane-keeping assist, have significantly increased the demand for actuators. Modern vehicles are equipped with sophisticated ADAS features and adaptive headlight systems (AFS), driving the adoption of actuators to enhance vehicle control and safety. Actuators play a crucial role in these systems by converting energy into motion, utilizing control signals and power sources such as electric current, hydraulic pressure, or pneumatic pressure.

Key drivers of the global automotive actuators market include the emphasis on automobile engine miniaturization, government regulations on vehicle emissions, and the growing demand for energy-efficient vehicles. Factors like increasing traffic accidents, ongoing technological advancements, and innovations in the automotive sector also contribute to market growth.

However, challenges such as premature wear of actuators present obstacles to market expansion. Nonetheless, opportunities abound, especially in developing countries where the use of actuators is on the rise, coupled with government initiatives promoting electric vehicles.

Moreover, the market is witnessing a decline in the cost of brushless DC (BLDC) actuators due to reduced power loss, making them more attractive for various automotive applications. Furthermore, the rising consumer demand for energy-efficient vehicles is compelling significant companies to invest in research and development (R&D) activities. For instance, Kierkert AG recently introduced a new financing scheme for plugin hybrid vehicles.

Automotive Actuators Market Trends

Seat Adjustment to Witness Faster Growth

The automotive industry continues to witness growth in sales of both passenger and commercial vehicles, prompting Original Equipment Manufacturers (OEMs) to prioritize interior design enhancements aimed at enhancing passenger safety and comfort. As part of this initiative, actuators have been integrated with additional features to make seating more attractive and intelligent.

Actuators play a crucial role in adjusting various aspects of vehicle seats, including lumbar support, seat angle, and seat slide. A wide range of vehicle adjustment actuators are available in the market, including geared motors for tilt adjustment, double output shafts for track drives, and linear actuators for height and tilt adjustment.

The automotive actuator industry is primarily driven by factors such as the overall growth of the automotive sector and the increasing demand for smaller vehicles to enhance fuel efficiency. Rising safety concerns and incidents such as drunk driving, reckless driving, and loss of control have led to the installation of car actuators in a more significant number of vehicles, with easier installation processes.

Moreover, increasing environmental consciousness has prompted some governments to incentivize using electric and hydraulic actuators in the automotive industry. The automotive actuator market is expanding as there is a growing need for fuel-efficient actuators to help prevent engine combustion and reduce greenhouse gas emissions. Additionally, these actuators are equipped with Internet of Things (IoT) technology, allowing them to recognize vehicle movement, speed, and distance.

Furthermore, factors such as the rising sales of non-electric vehicles and increased utilization of HVAC and cooling systems are expected to drive the automotive market in the forecast period. The demand for seat adjustment actuators is anticipated to grow significantly due to the increasing sales of large SUVs and premium cars worldwide. OEMs are increasingly leveraging electronics to control nearly every aspect of the vehicle, aiming to enhance the overall passenger experience.

Asia-Pacific Continues to Capture the Major Market Share

The Asia-Pacific market is poised for rapid growth, with countries like India, Japan, and China gradually emerging as major automobile manufacturers and suppliers to markets such as the USA and Germany. This growth is primarily driven by increasing sales of passenger cars and commercial vehicles.

• In China, several key players in the automotive actuator market include Limon Precision & Speed, Nutork Actuators & Valve, Brose, HELLA China, Mitsubishi, Changzhou, and Shengjie Electronics Co., Ltd. Innovations in the Chinese market include small electric actuators designed to track head movements while driving and illuminate the road. Many high-end models in China are equipped with this feature.
• China stands out as one of the largest actuator markets, thanks to the concentration of domestic products and competitive pricing, leading to increased car purchases among consumers.

Automotive Actuators Industry Overview

Robert Bosch Ltd., Nidec Corporation, Denso Corporation, Johnson Electric, and Aptiv Corp. are among the key players in the market, each holding a significant share. Robert Bosch GmbH, in particular, supplies actuators to numerous major automobile manufacturers worldwide, including Volkswagen, General Motors, BMW, Daimler, Ford, and Peugeot. These companies operate across Asia Pacific, Europe, and North America.

Automotive Actuators Market Leaders

• Continental AG
• BorgWarner Inc.
• Aptiv PLC
• Robert Bosch GmbH
• Mitsubishi Electric Corporation
• Nidec Corporation
• Johnson Electric Holdings Limited
• Hitachi Ltd.
• CTS Corporation
• Denso Corp.
• Hella KGaA Hueck & Co.

Automotive Actuators Market New

• In April 2021, Arkamys partnered with Continental to integrate Continental voice actuators into demonstration vehicles initially equipped with audio systems. Arkamys provides its audio enhancement software along with various speaker and amplifier configurations. The demonstration vehicle offers several production and manufacturer-friendly advantages, including scalability, space and weight savings, miniaturization, and integration.
• In January 2020, Continental and Sennheiser collaborated on a "silent" audio system for car interiors. Sennheiser claims it optimizes sound distribution within the car's space, enhancing the listening experience. Continental's Ac2ated Sound actuator solution reduces weight and space by 90% compared to traditional models.

Automotive Actuators Industry Segmentation

An actuator is a component of a machine responsible for moving and controlling its operation or a specific part of it, such as opening or closing a valve. In automotive applications, actuators play crucial roles in various systems including throttle control, braking, headlight adjustment, HVAC (heating, ventilation, and air conditioning), electric clutch actuation, and engine shutdown. These actuators are integral to performing essential functions within the vehicle.

Market Segmentation

By Application Type

• Throttle Actuator
• Seat Adjustment Actuator
• Brake Actuator
• Closure Actuator
• Other Application Types

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East And Africa
  • South Africa
  • Rest of Middle East and Africa