Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=millets-market-p.php
Key Drivers and Market Trends:
The market has expanded due to technological advancements, especially in response to demands for fuel efficiency, safety, and performance. The EV revolution is significantly influencing this growth, where electric actuators are increasingly favored over traditional hydraulic and pneumatic types due to their precision and performance in modern electric drivetrains.
Market Insights:
- Global growth rate: The automotive actuators market is expected to grow at a CAGR of 6.71% from 2024 to 2030.
- Shifting actuator types: Hydraulic actuators, while still important for heavy-duty functions like braking, are gradually being supplanted by electric actuators, which offer more efficient and precise control, especially in the EV sector.
- Application growth: Key applications include throttle actuators, which regulate airflow and optimize engine performance, and seat adjustment actuators, which enhance passenger comfort.
- Geographical dominance: The United States remains a major hub for actuator demand, driven by innovation in EVs and advanced driver-assistance systems (ADAS). In Asia-Pacific, countries like Japan, China, and India are becoming significant players in the actuator space, with rising production and adoption of both electric and autonomous vehicles.
Competitive Landscape:
The global automotive actuators market features prominent players like Robert Bosch GmbH, Nidec Corporation, Denso Corporation, and Johnson Electric, all competing for market share. These companies are continuously innovating, focusing on power-efficient actuators, miniaturization, and sustainability in line with the growing emphasis on environmental responsibility.
Key Market Segments:
- By actuator type: Hydraulic, Pneumatic, Electric
- By vehicle type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
- By application: Throttle Actuators, Seat Adjustment Actuators, Brake Actuators, Closer Actuators, and others.
- By geography: United States, China, Germany, Japan, India, and more.
Related Report :
Israel Autonomous Vehicles Market
Vietnam Autonomous Vehicles Market
Thailand Autonomous Vehicles Market
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 15 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +91-120-421-9822 (IND) | +1-478-202-3244 (USA)
Email:[email protected]