Automotive Smart Actuator: Introduction
- Actuators are mechanical or electromechanical devices which are used to control motion. They convert any form of energy usually electrical into motion. The effect is used in various industrial and scientific applications such as nanopositioning in semiconductor manufacturing, microfluidic motors and valves, etc.
- Automotive smart actuators are innovative actuators, which work in synchronization with adjacent electronics and sensors to make dynamic adjustment to automotive systems. Automotive smart actuators have the ability to perform diagnostics and possess features of artificial intelligence, which include learning and memorizing things.
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Key Drivers of Global Automotive Smart Actuator Market:
- The automotive smart actuator market is anticipated to expand at a significant pace during the forecast period, owing to investments being made by major OEM’s for the development of autonomous vehicles with focus on integration of intelligent components. Moreover, smart actuators reduce the number of components in a system as compared to a system equipped with conventional actuator, thus reducing the weight of the systems. This factors are boost the automotive smart actuator market across the globe.
- Rise in demand for electric vehicles and mass adoption of electric vehicles from the consumers. Increasing global concerns regarding the negative effect of climate change along with alarming pollution level recorded in the major cities have created a significant demand for electric vehicles. A major factor behind the growth of electric vehicles is the support provided by the various governmental agencies to encourage the sale of these vehicles. This factors are driven the growth of automotive smart actuator market across the globe.
- Rise in demand of vehicles and automakers are continuously investments in research and development for the development of cost effective, environment friendly and low toxic products with a high life within the industry, is likely to drives the overall automotive smart actuator market through worldwide.
- The trend of urbanization is growing at an exponential rate, which is leading to increase in the average income of urban population, allow to enhance their lifestyles. Further, boosting the demand for passenger cars, thus, propelling the manufacturers for increase in production of commercial vehicles, thus, this in turn, is boosting the growth of automotive smart actuator market across the globe.
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Rise in Production of Autonomous Vehicles to Offer Attractive Opportunities:
- Emergence of self-driven cars to proliferate automotive actuator demand. Globally recognized automotive manufacturers such as GM, Ford, and Others are moving towards automated and self-driven technology to offer case ease and advancements in driving. Automotive actuator and sensors are widely used for the production of self-driven automated cars, owing to which the demand for automotive actuator is expected to grow significantly. These factors are offers opportunities for automotive smart actuator market across the globe.
Global Automotive Smart Actuator Market to hamper market:
- Manufacturing of smart actuator requires high initial investment and subsequent research and development activities are expensive, which restrains the entry of new players in the market. This is likely to hamper the global automotive smart actuator market.
Government has assigned stringent norms in the automotive smart actuator may hinder the market growth across the globe. In addition, high import taxes on smart actuators and instability of raw material prices are expected to hinder the automotive smart actuator market growth across the globe.
Asia Pacific to Hold Significant Share of Global Automotive Smart Actuator Market:
- Asia pacific comprises rapidly expanding economies, including India and those in Asian, which is likely to witness higher demand for vehicles and consequently, boost the automotive smart actuator market during the forecast period.
- Asia pacific held a leading share of the global automotive smart actuator market due to higher volume of vehicles produced in prominent countries, including china and japan, and lower manufacturing and labor cost across the region. Moreover, availability of inexpensive labor and raw material in the region coupled with increasing number of local manufacturers is likely to propel the market in Asia Pacific during the forecast period.
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Key Players Operating in Global Market:
The global automotive smart actuator market is highly fragmented with top manufacturers across the global market. A few of the key players operating and potential in the global automotive smart actuator market are:
- Johnson Electric
- NMB Technologies Corporation
- Robert Bosch GmbH
- Embitel
- Valeo S.A.
- Rheinmetall Automotive AG
- Cebi International S.A.
- Continental AG
- Mitsubishi Electric Corporation
- Denso Corporation
- HELLA GmbH & Co. KGaA
- Nidec Motors & Actuators
- Borgwarner Inc.
- Hitachi Automotive Systems, LTD.
- Stoneridge Inc.
Global Automotive Smart Actuator Market: Research Scope
Global Automotive Smart Actuator Market, by Operation
- Manual
- Autonomous Vehicles
- Semi-Autonomous Vehicles
Global Automotive Smart Actuator Market, by Application
- Powertrain
- HVAC System
- Security Systems
- Turbochargers
- Active Grille Shutter
- Adaptive Headlamps
- Others
Global Automotive Smart Actuator Market, by Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- Utility Vehicles
- Commercial Vehicle
Global Automotive Smart Actuator Market, by Electric Vehicle Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Hybrid Electric Vehicle
Global Automotive Smart Actuator Market, by Sales Channel
- OEM
- Aftermarket
Global Automotive Smart Actuator Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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