"Market Intelligence for High-Geared Performance"

Automotive Actuators Market Size, Share & Industry Analysis, By Type (Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, and Mechanical Actuators), By Application (HVAC System, Engine, Gearbox, and Interior & Exterior), By Vehicle Type (Hatchback/Sedan, SUV, LCV, and HCV), By Propulsion (ICE and Electric), and Regional Forecast, 2024-2032

Last Updated: September 16, 2024 | Format: PDF | Report ID: FBI101906

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global automotive actuators market size was valued at USD 19.51 billion in 2023. The market is projected to grow from USD 24.67 billion in 2024 to USD 39.40 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period.


Automotive actuators are devices used in vehicles to control various functions, such as engine management, transmission systems, fuel injection, and HVAC systems. They work by converting electrical signals into mechanical movement, enabling precise control over different vehicle mechanisms. The global market sizing is witnessing significant growth, driven by technological advancements, increasing vehicle production, and the growing demand for fuel-efficient and high-performance vehicles. Key players are focusing on innovation and strategic partnerships to stay competitive in this rapidly evolving market.


The COVID-19 pandemic affected the global market, causing disruptions in the supply chain, production delays, and fluctuations in consumer demand. However, the market displayed resilience, with a gradual recovery observed as restrictions ease and economic activities. Companies are adapting to the new normal by implementing safety measures and exploring opportunities in emerging markets.


Automotive Actuators Market Trends


Integration of Smart Actuators Equipped with Advanced Sensing and Communication Capabilities is Ongoing Trend in the Market


One significant development is the incorporation of actuators with built-in sensors and connectivity features, enabling real-time monitoring and control of various vehicle functions. For instance, smart actuators are being utilized in electric power steering systems to enhance steering precision and response while also providing data for predictive maintenance. This trend is driven by the growing emphasis on vehicle electrification, autonomous driving technologies, and the Internet of Things (IoT) in the automotive industry.


Moreover, the rise of autonomous vehicles is fueling the demand for automotive actuators with high levels of accuracy, reliability, and adaptability. These actuators play a crucial role in controlling essential components, such as brakes, throttle, and steering, in autonomous driving systems, ensuring safe and efficient vehicle operation.


Additionally, the integration of automotive actuators with AI-based algorithms is enabling intelligent decision-making capabilities, leading to enhanced vehicle performance, energy efficiency, and overall driving experience. This trend toward smart actuators is evident through various technological advancements and product launches in the automotive sector. This trend is expected to continue shaping the automotive actuators market growth in the coming years, driving further innovation and market growth.


Request a Free sample to learn more about this report.


Automotive Actuators Market Growth Factors


Rise in Adoption of EVs with Advanced Features is Driving Market Growth


The automotive industry is witnessing a significant shift toward electrification, with major automakers investing heavily in electric vehicle development and production. This shift is driving the demand for actuators explicitly designed for electric and hybrid vehicles, such as actuators for electric power steering systems, electric brake systems, and electric motor control. Several factors, including stringent emission regulations, government incentives, and growing environmental awareness among consumers, fuel the push toward EVs.


According to recent industry data, the global electric vehicle market is experiencing rapid growth, with EV sales expected to continue rising in the coming years. For example, in 2023, global electric car sales reached over 7 million units, marking a substantial increase from previous years. This surge in electric vehicle adoption is directly contributing to the increased demand for actuators tailored for electric powertrains and related systems.


Advancements in battery technology and charging infrastructure are making electric vehicles more practical and appealing to consumers, further driving the market for automotive actuators. With governments globally setting ambitious targets for reducing greenhouse gas emissions and promoting sustainable transportation, the trend toward vehicle electrification is expected to accelerate, providing a significant growth opportunity for the market.


Overall, the transition toward electric vehicles is a major driving force behind the growth of the global actuators market, shaping the development and adoption of advanced actuator technologies in the automotive industry.


RESTRAINING FACTORS


High Initial Investments and Complexity for Research, Development, and Manufacturing Processes to Hinder Market Growth


The automotive industry is witnessing a rapid evolution toward smart actuators equipped with advanced sensing, communication, and control capabilities. Automotive actuators play a crucial role in enabling technologies such as electric vehicles, autonomous driving systems, and connected vehicles. However, developing and integrating these advanced features requires substantial investment in research and development, as well as the adoption of cutting-edge manufacturing technologies. This factor hinders market growth by imposing financial barriers to entry for new players and limiting innovation among existing companies.


Recent industry data suggests that R&D expenditure in the automotive sector continues to rise, reflecting the growing importance of innovation in driving competitive advantage. For example, leading automakers and technology companies are investing heavily in developing AI-powered actuators, sensor fusion algorithms, and cloud-based control systems to enhance vehicle performance and user experience.


The shift toward electric and autonomous vehicles further amplifies the need for investment in new technologies and manufacturing processes tailored to these emerging segments. For instance, electric vehicle actuators must meet stringent performance and reliability standards while also optimizing energy efficiency and minimizing weight.


The high initial investment required for developing and manufacturing advanced actuators can deter smaller companies and startups from entering the market, limiting competition and innovation. Additionally, established players may face challenges in allocating resources effectively to prioritize R&D initiatives amidst other operational priorities.


Automotive Actuators Market Segmentation Analysis


By Type Analysis


Efficiency and Responsiveness of Pneumatic Actuators Make Them Dominant in the Market


By type, the market is segregated into electric actuators, hydraulic actuators, pneumatic actuators, and mechanical actuators.


Pneumatic actuators find widespread use in automotive applications where rapid and precise movement is essential, such as in engine control systems, braking systems, and pneumatic suspension systems. The automotive industry witnessed a steady increase in the adoption of pneumatic actuators, driven by their efficiency, responsiveness, and suitability for demanding applications, which made this type dominate the market. Vehicles, such as the Audi RS Q8, featuring pneumatic suspension systems for dynamic ride control, highlight the growing significance of pneumatic actuators in enhancing vehicle performance and comfort.


The proliferation of electric vehicles (EVs) and the increasing electrification of automotive systems have led to a surge in demand for electric actuators in the automotive industry, making it the fastest-growing type of actuators segment. In 2023, with EV sales continuing to grow globally, electric actuators witnessed a substantial rise in adoption. Actuators, such as electric motors for power steering, electrically operated brake systems, and automated door mechanisms, are becoming standard features in modern vehicles, driving the growth of electric actuators in the automotive sector.


Hydraulic actuators and mechanical actuators continue to play a crucial role in various automotive applications where high force and precise control are required manually. They also continue to play a vital role in certain niche areas where simplicity and reliability are paramount.


By Application Analysis


Advancements in Engine Systems Contribute to Their Dominance in the Market


By application, the market is segregated into HVAC system, engine, gearbox, and interior & exterior.


The engines segment dominates the market as actuators play a crucial role in modern engine management systems, contributing to the optimization of fuel efficiency, emission reduction, and performance enhancement. Automotive manufacturers continued to prioritize stricter emission norms and improved engine efficiency, and the demand for actuators in engine applications surged. Innovations such as Variable Valve Timing (VVT) systems, as witnessed in engines such as Mazda's SkyActiv-X, rely heavily on actuators for precise control of valve timing and lift, resulting in enhanced power delivery and fuel economy. This aids in segmental dominance.


The integration of advanced HVAC systems in vehicles contributes significantly to the rising demand for actuators. In 2023, with an increasing focus on passenger comfort and environmental concerns, the automotive industry witnessed a surge in the adoption of sophisticated HVAC systems. These systems, exemplified by models such as Tesla's HEPA filtration system, not only provide superior climate control but also incorporate actuators for precise regulation of air distribution and temperature, enhancing overall cabin comfort and driving experience. These factors collectively are anticipated for the segment’s fastest growth.


Gearbox witnessed a significant rise due to the integration of advanced transmission systems in vehicles, driving the demand for actuators in gearbox applications. Actuators play a vital role in ensuring smooth gear shifts, optimizing power delivery, and enhancing overall vehicle performance, contributing to their rising adoption in gearbox applications.


Actuators are integral to enhancing both the interior and exterior functionalities of vehicles, contributing to improved convenience, safety, and aesthetics. Features, such as automated parking systems, powered tailgates, and adaptive lighting systems, showcased by models such as the BMW 7 Series, rely on actuators for seamless operation and enhanced user experience, thereby driving their increasing adoption in interior and exterior applications.


By Vehicle Type Analysis


Rising Popularity of SUVs Due to Their Wide Applications Makes Them Dominant in the Market


By vehicle type, the market is classified into hatchback/sedan, SUV, LCV, and HCV.


SUVs have witnessed a remarkable surge in demand globally, becoming a preferred choice for consumers due to their versatility, spaciousness, and perceived safety and hold a dominant position. In 2023, SUVs maintained their momentum, with models such as the Toyota RAV4 and Ford Explorer leading sales charts. This surge is fueled by factors such as increasing consumer preference for larger vehicles, improved fuel efficiency in newer models, and a wide range of options across prices.


HCV also remains indispensable for freight transportation, construction, and infrastructure development. The demand for HCVs is propelled by global trade activities, infrastructure investments, and the need for efficient long-haul transportation, thereby stimulating the demand for advanced actuators to enhance vehicle performance and safety, becoming the fastest-growing segment.


The hatchback/sedan segment is anticipated to showcase considerable growth during the forecast period. In 2023, their popularity was evident with hatchbacks. Their rising sales are attributed to their affordability, urban maneuverability, and improved fuel efficiency, driving the demand for actuators in various vehicle systems. LCVs play a vital role in logistics and transportation across various industries. Both have showcased significant growth in the market.


To know how our report can help streamline your business, Speak to Analyst


By Propulsion Analysis


Popularity of Internal Combustion Engine (ICE) Vehicles in Commercial Vehicles in Most Regions Makes Them Dominant in the Market


The market for automotive actuators is segmented by propulsion into ICE and electric categories.


The ICE segment dominated the market in 2023 and has witnessed significant growth, fueled by rising demand for both commercial and passenger cars in developing and emerging economies. This expansion is projected to persist, supported by stringent government regulations promoting efficient automotive technology. For instance, in India, automakers are mandated to develop flex-fuel engines, developing new and improved components to increase the fuel efficiency of vehicles.


The electric segment emerges as the fastest-growing category. The global trend toward electrification and sustainable transportation drives its growth. Governments globally are enforcing strict emissions regulations and offering incentives to encourage the adoption of electric vehicles, resulting in a notable increase in electric vehicle sales.


REGIONAL INSIGHTS


Market segmentation based on geography is as follows: North America, Europe, Asia Pacific, and the rest of the world.


Asia Pacific Automotive Actuators Market Size, 2023 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


Asia Pacific is witnessing a substantial increase in the automotive actuators market share due to factors, such as rapid urbanization, increasing disposable income, and a burgeoning automotive industry, making it the dominant and fastest-growing segment. In 2024, Asia Pacific emerged as a key hub for automotive production and innovation, with China, Japan, and South Korea leading the way. The region's booming automotive market, coupled with government initiatives to promote electric mobility and improve vehicle safety, has fueled the demand for actuators in various automotive applications, contributing to the market’s growth in the region.


Europe is experiencing a significant rise in the market, propelled by factors, such as the growing demand for EVs, stringent emission regulations, and the region's solid automotive manufacturing base. Actuators are integral to EVs' operation, contributing to functions, such as powertrain control, battery management, and electronic stability control, thereby driving the region’s growth.


The market is on the rise in North America due to factors, such as technological advancements, increasing vehicle production, and stringent regulations regarding vehicle safety and emissions. Models such as the Tesla Model S, known for its advanced autopilot features utilizing various actuators, exemplify the region's commitment to innovation in automotive technology.


The rest of the world, comprising emerging markets in Latin America, Africa, and the Middle East, is experiencing a rise in the market driven by factors such as growing vehicle ownership and infrastructure development.


List of Key Companies in Automotive Actuators Market


Bosch's Leading Position in the Automotive Actuators Market is Projected by its Innovative Solutions and Extensive Industry Expertise


Bosch's dominance can be attributed to its extensive experience, relentless focus on innovation, and commitment to quality. With a strong emphasis on innovation and quality, Bosch has established itself as a key player and a trusted supplier of automotive components and systems globally. Its leadership in the automotive actuators industry is underscored by its comprehensive portfolio of high-performance automotive actuators designed to meet the diverse needs of modern vehicles. These actuators, ranging from electric throttle actuators to electric power steering actuators and variable valve timing actuators, exemplify Bosch's ability to deliver advanced solutions that enhance vehicle performance, efficiency, and safety. With its strong reputation, technological expertise, and global reach, Bosch continues to drive innovation and set industry standards in the automotive actuators market.


HELLA GmbH & Co. KGaA (Germany), Denso Corp., and Continental AG are some of the other leading players. These companies are heavily investing in R&D to develop advanced actuator technologies that enhance vehicle performance and efficiency. For instance, Continental AG has introduced innovative actuators designed to improve fuel efficiency and reduce emissions, aligning with stringent environmental regulations globally. Additionally, collaborations and partnerships are vital strategies; for example, Denso Corporation has partnered with various OEMs to integrate its advanced actuator systems into new vehicle models. These efforts are supported by substantial investments in innovative manufacturing technologies and automation, which help in scaling production and reducing costs. By focusing on innovation, strategic partnerships, and sustainable solutions, these key players aim to capture a larger market share and drive revenue growth in the automotive actuators market.


LIST OF KEY COMPANIES PROFILED:



  • Bosch GmbH (Germany)

  • Continental AG (Germany)

  • DENSO Corporation (Japan)

  • HELLA GmbH & Co. KGaA (Germany)

  • Aptiv PLC (Ireland)

  • Valeo SA (France)

  • Mahle GmbH (Germany)

  • BorgWarner Inc. (U.S.)

  • Hitachi Automotive Systems Ltd. (Japan)

  • Johnson Electric Holdings Limited (Hong Kong)


KEY INDUSTRY DEVELOPMENTS:



  • April 2024: Solero Technologies in Rochester Hills acquired the Dutch automotive actuator business. This acquisition would expand Solero’s operations with the addition of five European plants located in the Czech Republic, Germany, and Romania, as well as one plant in the U.S. It would double the company’s annual revenue.

  • February 2024: ZHAOWEI launched a smart electric tailgate actuator. This new Tailgate Actuator adopts a compact structure with two core shafts, thereby opening and closing the tailgate stably.

  • January 2024: The Goodyear Tire & Rubber Company and ZF announced the successful integration of tire intelligence technologies with vehicle motion control software. The collaboration delivers Goodyear SightLine, a suite of tire intelligence technologies, into the ZF cubiX ecosystem, a scalable vehicle motion control software that coordinates all dimensions of vehicle dynamics. The cubiX software is designed to instruct the chassis actuators to apply corrective measures to stabilize the vehicle.

  • September 2023: Marelli launched its new range of multipurpose smart actuators aimed at electric cars that are designed to simplify the actuation of complex vehicle functions. These new smart actuators include an electronic module that autonomously controls the actuator itself and connects it to the vehicle's electronic network.

  • October 2020: MAHLE set up a global development center for mechatronics development center for parts, such as actuators, in Kornwestheim, near Stuttgart, Germany. The technology group expects sales growth in this business segment to be well into double digits in the next 10 years.


REPORT COVERAGE


The automotive actuators market research report provides a detailed analysis focusing on crucial aspects such as leading companies, service types, and product applications. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors contributing to the market's growth over recent years.


An Infographic Representation of Automotive Actuators Market

To get information on various segments, share your queries with us



Report Scope & Segmentation






















































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 6.0% (2024-2032)



Unit



Value (USD Billion)



Segmentation



By Type



  • Electric Actuators

  • Hydraulic Actuators

  • Pneumatic Actuators

  • Mechanical Actuators



By Application



  • HVAC System

  • Engine

  • Gearbox

  • Interior & Exterior



By Vehicle Type



  • Hatchback/Sedan

  • SUV

  • LCV

  • HCV



By Propulsion



  • ICE

  • Electric



By Region



  • North America (By Type, Application, Vehicle Type, and Propulsion)

    • U.S. ( By Vehicle Type )

    • Canada ( By Vehicle Type )

    • Mexico ( By Vehicle Type )



  • Europe (By Type, Application, Vehicle Type, and Propulsion)

    • U.K. ( By Vehicle Type )

    • Germany ( By Vehicle Type )

    • France ( By Vehicle Type )

    • Rest of Europe ( By Vehicle Type )



  • Asia Pacific (By Type, Application, Vehicle Type, and Propulsion)

    • China ( By Vehicle Type )

    • Japan ( By Vehicle Type )

    • India ( By Vehicle Type )

    • South Korea ( By Vehicle Type )

    • Rest Of Asia Pacific (  By Vehicle Type )



  • Rest of the World (By Type, Application, Vehicle Type, and Propulsion)






  • 2019-2032
  • 2023
  • 2019-2022
  • 200
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Hitachi
Toshiba
Bosch
Deloitee
Asahi
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X