Global Automotive Actuators Market 2017-2021
About Automotive Actuators
An actuator is a part of an electronic control system, which helps in controlling a mechanism or a system by converting the electrical energy into torque. An actuator requires an energy source to function, which can be current, pneumatic pressure, or hydraulic fluid pressure. In engine control systems, the air flaps are controlled by actuators for power optimization. They regulate the idle speed and measure the fuel for optimal combustion. Actuators are also used for other operations, such as to lock and unlock doors, to control boot lids, storage compartments, engine bonnets, and fuel filler flaps.
Technavio’s analysts forecast the global automotive actuators market to grow at a CAGR of 8.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive actuators market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Actuators Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive actuators market: Bosch, Continental, Delphi Automotive, DENSO, and Mitsubishi Electric.
Other Prominent Vendors in the market are: Eaton, HELLA, Hitachi Automotive Systems, HUSCO International, Kiekert, NOOK Industries, and Valeo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is high-performance plasma actuators that improve fuel efficiency. The high-performance plasma actuators improve fuel efficiency in automobiles by decreasing drag. The speed and efficiency of the vehicles get impacted by extreme temperatures, sudden changes in atmospheric pressure, poor weather conditions, and other factors.”
According to the report, one driver in the market is growing adoption of EVs. Vehicle production across the world has been increasing significantly. For instance, in 2016, China, Japan, and India together produced more than 50 million vehicles, and the number is increasing significantly every year. With the increase in the number of vehicles, the emissions from vehicles are also increasing. This is causing a significant impact on the environment. Therefore, governments across the world are enforcing stringent emission norms to put a check on vehicular emissions.
Further, the report states that one challenge in the market is rising cost pressure on automotive OEMs. Automotive OEMs are currently under heavy cost pressure due to the dynamism in the regulatory environment and the demanding consumer base. The implementation of stringent environment and safety standards are forcing the OEMs to find alternatives to comply with those norms while restricting them from transmitting the additional cost to the consumers. The fitment of technologies that reduce emissions is bound to increase the cost of vehicles.
Bosch, Continental, Delphi Automotive, DENSO, Mitsubishi Electric, Eaton, HELLA, Hitachi Automotive Systems, HUSCO International, Kiekert, NOOK Industries, and Valeo.