According to a market report by Lucintel, the future of the automotive actuator market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle industries. The automotive actuator market is expected to grow with a CAGR of 6% from 2019 to 2024. The major drivers for this market are increasing demand for fuel-efficient vehicles, rising adoption of continuous variable transmission and all-wheel drive vehicles, and increasing use of advanced driver assistance systems (ADAS) per vehicle including adaptive cruise control (ACC), automated brake assist, and lane keep assist.
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Within the automotive actuator market, passenger cars, and light commercial vehicles are the major end use industries. Passenger car is the largest end use industry for the automotive actuator market.
Asia Pacific will remain the largest region over the forecast period due to an increasing demand for industrial robots and automation in various industries.
Hitachi Automotive Systems, Actus Manufacturing, Cebi International, HELLA GmbH & Co. KGaA, HUSCO International, Kiekert, Johnson Electric, Mahle Group, Mitsubishi Electric Corporation, Robert Bosch, Valeo, and WABCO are among the major manufacturers of automotive actuator.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive actuator market by actuator type, by application, by end use, by sales channel, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Actuator Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive actuator market by actuator type, by application, by end use, by sales channel, and by region as follows:
By Actuator Type [$M shipment analysis for 2013 – 2024]
Electric Actuator
Hydraulic Actuator
Pneumatic Actuator
Mechanical Actuator
By Application [$M shipment analysis for 2013 – 2024]
Variable Valve Technology
Turbochargers
Coolant & Refrigerant Systems
Brake System
Active Grill Shutter
Adaptive Headlamps
HVAC Systems
Others
By End Use [$M shipment analysis for 2013 – 2024]
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
Light Commercial Vehicle
Electric Vehicles
By Sales Channel [$M shipment analysis for 2013 – 2024]
Original Equipment Manufacturer
Aftermarket
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
Japan
India
South Korea
Indonesia
China
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-actuator-market.aspx or helpdesk@lucintel.com.
About Lucintel
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