Automotive Smart Actuator: Introduction
- Actuators are mechanical or electromechanical devices which are used to control motion. They convert any form of energy usually electrical into motion. The effect is used in various industrial and scientific applications such as nanopositioning in semiconductor manufacturing, microfluidic motors and valves, etc.
- Automotive smart actuators are innovative actuators, which work in synchronization with adjacent electronics and sensors to make dynamic adjustment to automotive systems. Automotive smart actuators have the ability to perform diagnostics and possess features of artificial intelligence, which include learning and memorizing things.
Key Drivers of Global Automotive Smart Actuator Market:
- The automotive smart actuator market is anticipated to expand at a significant pace during the forecast period, owing to investments being made by major OEM’s for the development of autonomous vehicles with focus on integration of intelligent components. Moreover, smart actuators reduce the number of components in a system as compared to a system equipped with conventional actuator, thus reducing the weight of the systems. This factors are boost the automotive smart actuator market across the globe.
- Rise in demand for electric vehicles and mass adoption of electric vehicles from the consumers. Increasing global concerns regarding the negative effect of climate change along with alarming pollution level recorded in the major cities have created a significant demand for electric vehicles. A major factor behind the growth of electric vehicles is the support provided by the various governmental agencies to encourage the sale of these vehicles. This factors are driven the growth of automotive smart actuator market across the globe.
- Rise in demand of vehicles and automakers are continuously investments in research and development for the development of cost effective, environment friendly and low toxic products with a high life within the industry, is likely to drives the overall automotive smart actuator market through worldwide.
- The trend of urbanization is growing at an exponential rate, which is leading to increase in the average income of urban population, allow to enhance their lifestyles. Further, boosting the demand for passenger cars, thus, propelling the manufacturers for increase in production of commercial vehicles, thus, this in turn, is boosting the growth of automotive smart actuator market across the globe.
Rise in Production of Autonomous Vehicles to Offer Attractive Opportunities:
- Emergence of self-driven cars to proliferate automotive actuator demand. Globally recognized automotive manufacturers such as GM, Ford, and Others are moving towards automated and self-driven technology to offer case ease and advancements in driving. Automotive actuator and sensors are widely used for the production of self-driven automated cars, owing to which the demand for automotive actuator is expected to grow significantly. These factors are offers opportunities for automotive smart actuator market across the globe.
Global Automotive Smart Actuator Market to hamper market:
- Manufacturing of smart actuator requires high initial investment and subsequent research and development activities are expensive, which restrains the entry of new players in the market. This is likely to hamper the global automotive smart actuator market.
Government has assigned stringent norms in the automotive smart actuator may hinder the market growth across the globe. In addition, high import taxes on smart actuators and instability of raw material prices are expected to hinder the automotive smart actuator market growth across the globe.
Asia Pacific to Hold Significant Share of Global Automotive Smart Actuator Market:
- Asia pacific comprises rapidly expanding economies, including India and those in Asian, which is likely to witness higher demand for vehicles and consequently, boost the automotive smart actuator market during the forecast period.
- Asia pacific held a leading share of the global automotive smart actuator market due to higher volume of vehicles produced in prominent countries, including china and japan, and lower manufacturing and labor cost across the region. Moreover, availability of inexpensive labor and raw material in the region coupled with increasing number of local manufacturers is likely to propel the market in Asia Pacific during the forecast period.
Key Players Operating in Global Market:
The global automotive smart actuator market is highly fragmented with top manufacturers across the global market. A few of the key players operating and potential in the global automotive smart actuator market are:
- Johnson Electric
- NMB Technologies Corporation
- Robert Bosch GmbH
- Valeo S.A.
- Rheinmetall Automotive AG
- Cebi International S.A.
- Continental AG
- Mitsubishi Electric Corporation
- Denso Corporation
- HELLA GmbH & Co. KGaA
- Nidec Motors & Actuators
- Borgwarner Inc.
- Hitachi Automotive Systems, LTD.
- Stoneridge Inc.
Global Automotive Smart Actuator Market: Research Scope
Global Automotive Smart Actuator Market, by Operation
- Autonomous Vehicles
- Semi-Autonomous Vehicles
Global Automotive Smart Actuator Market, by Application
- HVAC System
- Security Systems
- Active Grille Shutter
- Adaptive Headlamps
Global Automotive Smart Actuator Market, by Vehicle Type
- Passenger Vehicle
- Utility Vehicles
- Commercial Vehicle
Global Automotive Smart Actuator Market, by Electric Vehicle Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Hybrid Electric Vehicle
Global Automotive Smart Actuator Market, by Sales Channel
Global Automotive Smart Actuator Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.