Automotive Electric Actuator Market Trends, Disruptors and Competitive Strategy

Automotive Electric Actuator Market Trends and Growth Analysis

The automotive electric actuator market is forecasted to expand from USD 27.32 billion in 2025 to USD 46.71 billion by 2034, growing at a CAGR of 6.14% from 2025 to 2034.

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Introduction

The automotive electric actuator market is a crucial branch of the automotive industry. This industry deals in the manufacturing and distribution of electric actuators for the automotive sector. There are different types of actuators developed in this sector consisting of linear actuators and rotary actuators. These actuators finds application in operating various automotive parts such as throttle, HVAC, headlights, EGR, door locks, power seat, mirror, sunroof and some others. It is designed for several types of vehicles comprising of passenger vehicles and commercial vehicles. The growing sales of SUVs in different types of the world has boosted the industrial expansion. This market is expected to rise significantly with the growth of the automotive components industry across the globe.

• According to the International Energy Agency, around 14.21 million electric SUVs were sold in advanced economies during 2022 that increased to 16.03 million in 2023.

Highlights of the Automotive Electric Actuator Market

• Asia Pacific held the largest share of the automotive electric actuator market due to the rising sales of passenger vehicles in this region.
• Europe is expected to grow with a significant CAGR due to the rapid adoption of electric vehicles in this region.
• The passenger vehicles segment led the industry due to the increasing disposable income of the people across the world.
• The OEM segment held the largest portion of the industry due to the growing demand for genuine products among automotive consumers.

Key Metrics and Overview

Industry Leader Announcement

In September 2023, Dr. Faez Ba-Tis, the CEO and co-founder at Sheba Microsystems announced that, “MEMS actuators are fast, precise, and small in size, and are actually uniquely suited to solve thermal expansion issues, because they are thermally stable and maintain consistent performance regardless of temperature changes, Because of these known advantages, there have been previous industry attempts at incorporating MEMS actuators into cameras, but because they failed drop tests they were quickly abandoned. Sheba’s new design solves for all of these previous blockers, which opens up limitless possibilities for embedded vision camera innovation.” 

Geographical Insights 

Asia Pacific held the highest share of the automotive electric actuator market. The rising production and sales of automotives in different parts of the globe has boosted the market expansion. Also, the growing adoption of EVs in China, India, Japan and some others is crucial for the industrial growth. Moreover, the presence of several actuator brands such as SMC Corporation, Susin Group of Industries, Nippon Gear Co. Ltd. and some others is driving the market growth in this region.

Competitive Landscape

The automotive electric actuator market is a highly competitive industry with the presence of several dominating players. Some of the prominent companies in this industry consists of BorgWarner, Continental, Denso, Hella, Hitachi Astemo, Johnson Electric, Schaeffler, Valeo, ZF Friedrichshafen and some others. These companies are constantly engaged in developing electric actuators for the automotive sector and adopting numerous strategies to maintain their dominance in this industry.

• According to the annual report of Schaeffler, around 45% of the revenue was generated from the Europe region followed by others.

Market Segmentations

By Type

• Linear actuators
• Rotary actuators

By Application

• Throttle
• Brake
• HVAC
• Headlight
• EGR
• Door lock
• Power seat
• Sunroof
• Mirror

By Vehicle

• Passenger vehicles
• Hatchback
• Sedan
• SUV
• Commercial vehicles
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa