Actuator Market: Snapshot
Actuator is an integral part of the electric controlled automotive systems and is also applied in some mechanical systems. The prime function of the actuator is to convert the signals of different form into mechanical action. The input signals is likely to be in different forms, it may be mechanical, electrical, pneumatic, or hydraulic. The actuator market for automotive is expected to expand at a CAGR of 6.5% during the forecast period.
The global actuator market for automotive is expanding due to the entailment of the automatic and electric features in the vehicles. All the automatic systems in the vehicle consists of actuators, which runs on the basis of the input provided by the sensor. Subsequently, the introduction of automatic systems in vehicles is anticipated to boost the demand for actuators. Rising trend of automatic systems and engine downsizing is boosting the actuator market for automotive. Earlier, the vehicles had the manual door lock and window lock features; however most vehicles, presently, have automated door lock and window lock systems, which indicates the high rate of adoption of automatic systems in vehicles. Stringent emission norms is a major factor that is prompting manufacturers to downsize the engine. Some performance boosters are installed, which require actuators for their proper functioning, in order to maintain the performance of the vehicle after engine downsizing. Introduction of the autonomous vehicle is also likely to boost the demand for actuators in vehicles, as every system of these vehicles is expected to run automatically. The actuator market for automotive is likely to be hampered due to the introduction of electric vehicles, as some actuators accompanied with the engine are expected to be removed from the drive train. Electric vehicles are likely to run completely on servo motors. Government of several nations are encouraging the introduction of electric vehicles in order to lower pollution levels. Governments are also offering monetary benefits to encourage society to adopt electric vehicles.
Actuator manufacturers are likely to witness growth opportunities in order to provide actuators for electric vehicles, as the demand of the electric vehicle is expected to increase during the forecast period. Most actuators other than the drivetrain actuators are expected to remain the same even for the electric vehicles with minor changes, due to availability of power in different form and range.
In terms of application, the adaptive headlamp segment is expected to expand at a rapid pace due to the increasing concern among society toward safety. Adaptive headlamps are provided in several late models and is expected to be installed in most vehicles. However, The HVAC system is the most promising segment and holds a major share of the automotive actuator market. The segment holds a major share due to its installation in most vehicles. Furthermore, the HVAC system requires multiple actuators, which boost the share held by the segment, as compared to other actuators, in terms of volume.
Asia Pacific is a major market for automotive actuators due to the significant production of vehicles in the region. Asia Pacific is the center of attraction for the manufacturers due to availability of resources at lower cost. High sales of the vehicles owing to increasing disposable income of society has always been a major factor for investment by large manufacturers in the region. According to OICA, Asia Pacific registered the maximum number of vehicles across the globe in 2017, which indicates the high consumption rate of the vehicles in the region.
The actuator market for automotive witnesses the presence of major players and small players. Key players such as Hitachi Ltd, HELLA GmbH & Co. KGaA, Johnson Electric, Mitsubishi Electric Corporation, Robert Bosch GmbH, and Valeo hold a major share of the market.
Robert Bosch GmbH is a prominent player and holds a major share of the actuator market for automotive. The company focuses on joint ventures for its expansion and growth. Johnson Electric is another major manufacturer of actuators for vehicles and has specialization in manufacturing of sensors and actuators for vehicles. Johnson Electric holds a prominent position in the actuator market for automotive, despite of holding a small share as compared to other major manufacturers.
Actuator Market: Overview
This report analyzes and forecasts the actuator market for automotive at the global and regional level. The market has been forecasted, based on revenue (US$ Mn) and volume (Mn Units) from 2017 to 2025. The study involves the effect of all the factors that can contract or expand the actuator market globally as well as regionally. The report also highlights opportunities in the actuator market for automotive at the global and regional level.
The report contains value chain analysis, which provides a comprehensive view of the global actuator market for automotive. The Porter’s Five Forces analysis for the actuator market for automotive has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Actuator Market: Segmentation
The study provides a decisive view of the global actuator market for automotive by segmenting the market in terms of actuator type, application, vehicle, and region. These segments have been analyzed, based on present and future trends. Regional segmentation comprises current scenario along with forecast of the actuator market for automotive. The forecast provided is based on the compilation of the current trends as well as the expected scenario in future due to change in technological, geographical, political, and economic factors such as the electric vehicle market is expected grow at significant rate and some of the actuator accompanied with the drivetrain of the vehicle may get affected due to change in the drive train unit of the electric vehicles.
The study includes profiles of major companies operating in the global actuator market for automotive. The major share of the market is held by a few major players and the rest is fragmented between small manufacturers; however, the company profile of major players of the actuator market for automotive from different regions included are Hitachi Automotive Systems Ltd, Actus Manufacturing, Inc., Cebi International S.A., HELLA GmbH & Co. KGaA, HUSCO International, Kiekert AG, Johnson Electric, MAHLE GmbH, Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo, and WABCO. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The market for automotive actuator is primarily driven by rising demand for automatic systems in the vehicles, electric vehicles, and autonomous vehicles.
The report provides the estimated market size of actuator for automotive for 2016 and forecast for the next nine years. The global market size of automotive actuator has been provided in terms of revenue (US$) and volume (Mn Units). Market figures have been estimated, based on actuator type, application, vehicle type, and regional segments of the actuator market. Market size and forecast for each major segment have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, and telephonic interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The actuator market for automotive has been segmented as follows:
Global Actuator Market for Automotive: By Actuator Type
- Electric Actuator
- Hydraulic Actuator
- Pneumatic Actuator
- Mechanical Actuator
Global Actuator Market for Automotive: By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicles
Global Actuator Market for Automotive: By Application
- Variable Valve Technology
- Coolant & Refrigerant Systems
- Brake System
- Active Grill Shutter
- Adaptive Headlamps
- HVAC Systems
Global Actuator Market for Automotive: By Sales Channel
- Original Equipment Manufacturer
Global Actuator Market for Automotive: By Region/Country/Sub-region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa