Automotive Smart Actuator Market: Introduction

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.

The automotive smart actuator market is likely to expand with the development of smart mobility and autonomous vehicles.

Automotive Smart Actuator Market: Competitive Landscape

Johnson Electric, NMB Technologies Corporation, Continental AG, Robert Bosch GmbH, Valeo S.A., Embitel, Rheinmetall Automotive AG, Cebi International S.A., and Mitsubishi Electric Corporation are key manufacturers of automotive smart actuators.

Johnson Electric

Established in 1959 and headquartered in Hong Kong, Johnson Electric has a wide product portfolio and provides solutions to a large number of industries, including automotive, building automation & security, business machines, aerospace & defense, food & beverages, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment, and power tools for electric components. It has more than 38,000 employees working across 23 countries.

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DENSO CORPORATION

DENSO CORPORATION was established in 1949 and is headquartered in Kariya, Aichi, Japan. The company operates through three major business segments: automotive, consumer products, and industrial products. Under the automotive segment, the company offers diverse products, including powertrain control systems, electronic systems, thermal systems, information & safety systems, and small motors. DENSO CORPORATION has over 171,992 employees across the globe.

Continental AG

Continental AG was established in 1871 and is headquartered in Hanover, Germany. Continental AG is a leading supplier of automotive components. The company operates through two major groups: automotive group and rubber group. These groups are further divided into various business verticals such as powertrain, chassis & safety, interior, tires, and services. The company has a global presence and operates through its offices in the Americas, Africa, Europe, and Middle East & Africa.

Robert Bosch GmbH

Robert Bosch GmbH was established in 1886 and is headquartered in Gerlingen, Germany. The company operates through four business segments: consumer goods (including household appliances and power tools), mobility (hardware and software), industrial technology (including drive and control), and energy and building technology. The company offers diverse products, including electric motor, brake shoes, lightings, and display systems under the mobility segment. The company manufactures various types of sensors and systems that enhance the safety of vehicles.

Valeo S.A.

Valeo S.A. was established in 1923 and is headquartered in Paris, France. Valeo S.A. is a leading supplier of automotive components. The company had over 113,600 employees in 2018. Valeo S.A. operates through more than 186 production units located across 33 countries worldwide. The company provides various solutions, such as driving assistance systems, powertrain systems, thermal systems, and visibility systems to the global automotive industry.

Automotive Smart Actuator Market: Dynamics

Development of Autonomous Vehicles

The automotive smart actuator market is anticipated to expand at a significant pace during the forecast period, owing to investments being made by major OEMs 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.

The development of smart mobility systems is anticipated to drive the automotive smart actuator market. Moreover, the expansion of electric vehicle market is projected to propel the market for automotive smart actuators, owing to the integration of a large number of electronic components in vehicles.

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Evolution from Mechanical Actuation to Smart Actuation

Automotive smart actuators can be integrated in a large number of automotive systems, such as powertrain, turbocharger, door locks, active grill shutter, HVAC system, etc. Moreover, integration of technologies, such as voice controlled systems and gesture recognition systems is expected to be fuel the expansion of the automotive smart actuator market.

Global Automotive Smart Actuator Market: Segmentation

In terms of application, the global automotive smart actuator market can be segmented into:

  • Powertrain
  • HVAC System
  • Security Systems (Vehicle Locking)
  • Turbochargers
  • Active Grille Shutter
  • Adaptive Headlamps
  • Others

Based on operation, the global automotive smart actuator market can be divided into:

  • Manual
  • Autonomous Vehicles
  • Semi-autonomous Vehicles

On the basis of sales channel, the global automotive smart actuator market can be bifurcated into:

  • OEM
  • Aftermarket

Based on electric vehicle type, the global automotive smart actuator market is segregated into:

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Hybrid Electric Vehicle

In terms of vehicle type, the global automotive smart actuator market can be classified into:

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

The report on the global automotive smart actuator market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.    

Regional analysis of global automotive smart actuator market includes:

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

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.

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
  • Europe
  • 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?

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.

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