Automotive Actuators Market 2018 Global Growth, Size, Trends, Share, Competitive Analysis, Opportunities, Key Country Outlook, And Regional Forecast To 2023Posted: Updated:
Automotive Actuators Market to grow at 8% compound annual growth rate from year 2018 to 2023, according to “Global Automotive Actuators Market Size, Share, Trends, Growth Analysis and Regional Forecast Industry Report” published by Market Research Future.
Pune, India – December 4, 2018 /MarketersMedia/ —
This report comprises comprehensive information on Automotive Actuators Market Forecast data up to 2023, with historic and current market information. Automotive Actuators Industry analysis done By Type (Hydraulic Actuator, Electric Actuator, and Pneumatic Actuator), Application Type (Throttle Actuator, Fuel Injection Actuator, and Brake Actuator), Vehicle Type, And Regions.
Global Automotive Actuators Market Highlights:
The global automotive actuators market is driven by several factors. In addition to the engine cooling system being operated using the radiator fan technological advancements in the automotive field have led to advanced features such as automatic engine rpm control. These features can function optimally if the actuators are installed in an automobile. Secondly, actuators provide control and precision over vehicle parameters such as the speed, rpm, flywheel rotation, and engine overheating. Thirdly, actuators help in the incorporation of electronics and act as a link between the automobile mechanical and electrical components.
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Automotive Actuators Market Key Companies Studied in this report are: Continental AG (Germany), Aptiv PLC (U.S.), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Hella KGaA Hueck & Co. (Germany), and Stoneridge Inc. (U.S.). Wabco Holdings Inc. (Belgium), Mitsubishi Electric Corporation (Japan), Nidec Corporation (Japan), and Sonceboz SA (Switzerland) are among others.
Automotive actuators enhance the efficiency and performance of the vehicles by helping in engine flywheel rotations, regulating engine idle speed, engine torque, etc. which is likely to fuel growth opportunities for automotive actuators market. The technological advancements, increased research & development activities, huge investments by the key players, etc. will further catapult the market expansion across the assessment period.
An actuator is a device that takes in the energy supplied to it in the form of electrical, mechanical or kinetic energy and converts this energy into force or motion. The output force created is proportional to the input energy provided to this device. The actuator receives a signal which initiates the conversion of electrical energy into a proportionate mechanical force by the actuator
Actuators in automobiles provide precision and control over vehicle parameters such as the speed, rpm, flywheel rotation, and engine overheating which will accelerate the demand generation for automotive actuators across the projection period. Furthermore, actuators facilitate the incorporation of electronics and act as a link between the mechanical and electrical components of an automobile. Thus, the market proliferation of electric cars will obliquely catalyze automotive actuators market expansion.
Market Segments Analysis:
On the basis of the type, the electrical actuator, which helps in the conversion of electrical energy into a proportionate mechanical torque is the most widely used. This actuator is used to generally operate a multi-turn valve. Additionally, a mechanical brake is installed above the motor, which enables the actuator, to keep a check on the opening of the valve and avoid the valve from getting opened completely when not required. In the absence of this brake, the valve will be opened and closed back to its original position continuously. In such a case, the motor and the actuator will undergo abrasion thus being unfit for operation.
By application type, the global automotive actuators market is segmented into throttle actuator, fuel injection actuator, brake actuator, and others.
By vehicle type, the automotive actuators market is segmented into passenger cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV).
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific market is expected to drive the growth of this market. Countries such as India and China are expected to be the future global automotive hubs. The large population in this region leads to an increase in annual sales of automobiles. The use of the automotive actuators can ensure the availability of affordable, small sized cars, which provide reduced fuel consumption and increased vehicle mileage.
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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