Automotive Actuators Market Growth Analysis, Trends, Forecast by Leading Key Players

December 09 12:30 2019
Automotive Actuators Market Growth Analysis, Trends, Forecast by Leading Key Players
Automotive Actuators Market by Vehicle, Application, On-Highway Vehicle, Actuation, Motion, Product (Brake, Cooling Valve, Power Window, Throttle, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, Piezoelectric), and Region – Global Forecast to 2027

Automotive Actuators Market by Vehicle, Application, On-Highway Vehicle, Actuation, Motion, Product (Brake, Cooling Valve, Power Window, Throttle, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, Piezoelectric), and Region – Global Forecast to 2027″, published by MarketsandMarkets™, The global automotive actuators market size is projected to grow at a CAGR of 7.1% during the forecast period, to reach USD 39.5 billion by 2027 from an estimated USD 22.8 billion in 2019.

The increasing demand for comfort features, advanced automated systems in vehicles, and rising trends of engine downsizing in the automotive industry are some of the key factors fueling the growth of this market.

The report analyzes all major players in this region for the automotive actuators market, including Hitachi Automotive Systems, Ltd. (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan). 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166095652

Brake actuators segment to hold the largest share of the automotive actuators market, by actuator type

The brake actuator is estimated to hold the largest market share, in terms of value, in 2019. Mandatory installation of anti-lock braking systems (ABS) and electronic stability systems in the US and European countries have been the key driver for the brake actuators market. The increase in the number of electric and fuel-efficient vehicles has further boosted the brake actuators market.

On-highway vehicle segment-a promising market for automotive actuators

The on-highway vehicle segment is estimated to be the largest in the automotive actuators industry. An increasing number of electric and fuel-efficient vehicles in the automobile industry has driven the growth of the automotive actuators in this segment. This segment comprises a number of automotive actuators that help manage and control various applications.

Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=166095652

Asia Pacific: The largest market for automotive actuators

The Asia Pacific is estimated to hold the largest share, in terms of volume, of the automotive actuators market in 2019. The demand for automotive actuators in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of electric vehicles in countries such as China and Japan. The region is also the leading producer of automobiles in the world.

Browse Related Reports:

Automotive Interior Market by Component (Central Console, Cockpit Module, Dome Module, Door Panel, Headliner, Infotainment System, Interior Lighting, and Seat), Vehicle Type (PV, LCV, and HCV), and Region – Global Forecast to 2022

Automotive Lighting Market for ICE & EVs By Technology (Halogen, LED, Xenon), Position (Front, Side, Rear, Interior), Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting & Region – Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/automotive-actuators-market-166095652.html

  Categories: