Top Segments of the Global Automotive Actuators Market | Technavio

The global automotive actuators market is expected to grow at a CAGR of more than 8% from 2017-2021, according to a new market research report by Technavio.

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Global automotive actuators market segmentation by application and end-user

Technavio’s report on the global automotive actuators market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including body control, interior, and exterior, engine, and chassis. In 2016, the body control, interior, and exterior segment dominated the global automotive actuators market and accounted for a share of more than 71%.

Based on vehicle type, the global automotive actuators market has been segmented into passenger cars and commercial vehicles. In 2016, the global automotive actuators market was dominated by the passenger car segment that occupied around 59% of the total market share.

“The demand for luxury passenger cars has been growing in all the markets. Luxury passenger cars are equipped with more safety systems. The demand for fuel-efficient vehicles and those equipped with advanced autonomous systems is also increasing. Such vehicles require more electric actuators. Thus, the increase in the demand for such cars is promoting the growth of the global automotive passenger car actuators market,” says Amey Vikram, a lead analyst at Technavio for automotive electronics research.

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Global automotive actuators market: competitive vendor landscape

The global automotive actuators market is moderately competitive owing to the limited number of well-established vendors. The key vendors in the market are growing their customer base and increasing investments in R&D. The competitive environment in the market should intensify with advances in technology and government regulations. Most of the advances in the market are due to the increase in the sales of mid and full-size passenger cars. The OEMs are increasingly equipping compact cars with VVT system and cruise control to increase their output and fuel efficiency. The major vendors of automotive actuators are Bosch, Continental, Delphi Automotive, DENSO, and Mitsubishi Electric. All these vendors are providing different types of actuators. For instance, Bosch provides mechanical-pneumatic actuators, electric-pneumatic actuators, and electric actuators.

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Other topics covered in the report:

Market drivers:

• Growing adoption of electric vehicles (EVs)
• Increased use of electronic content in vehicles

Market challenges:

• Rising cost pressure on automotive OEMs
• OEMs investing in car-hailing and sharing services

Market trends:

• High-performance plasma actuators that improve fuel efficiency
• Electric throttle actuators that increase efficiency and user comfort

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