Global Automotive Engine Actuators Market 2017-2021
About Automotive Engine Actuators
An engine actuator is responsible for moving or controlling the VVT system in electronic throttle system. An actuator requires a control signal or source of energy to act or operate. The required control signal is of relatively low energy, and the source of energy could be electric current or pneumatic/hydraulic pressure. Most of the actuators are powered by electric current. As the automotive industry is heading toward the next generation of fuel economy targets and stringent emissions norms, OEMs are focusing on enhancing the fuel efficiency of vehicles. Currently, there is a growing trend of downsizing engines to generate more power while occupying lesser space. It is leading to a reduction in the number of cylinders used, thus decreasing the displacement while maintaining the same power.
Technavio’s analysts forecast the global automotive engine actuators market to grow at a CAGR of 7.94% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive engine actuators market for 2017-2021. To calculate the market size, 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 Engine Actuators Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive engine actuators market: Delphi, DENSO, and Aisin Group.
Other Prominent Vendors in the market are: Eaton, Hitachi Automotive Systems, HUSCO International, Metaldyne, and Perodua.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is OEM to invest in manufacturing bigger cars and better emission control equipment. Vehicle engines have been downsized by OEMs to decrease overall curb weight of the vehicle and reduce emissions. Rising levels of air pollution, leading to subsequent updates to existing vehicular emission regulations for controlling emissions have caused OEMs to downsize engine without affecting its performance.”
According to the report, one driver in market is increase in sales of SUVs and crossovers is driving demand for automotive engine actuators market. The sales of passenger cars are positively correlated with the market growth of automotive engine actuators market. Global car sales increased by around 3% in 2016 wherein most of the increment in sales have been contributed by the sales of SUVs and crossovers in the Chinese and the European passenger cars market. SUVs in Europe recorded an increase in their market share of about 27% in 2015. The sales of SUVs and crossovers increased by about 9% in the total US passenger cars market in 2015. Increasing preference for fuel efficiency and three-row seats in crossovers and SUVs are the main drivers for the SUVs and crossovers market in the US.
Further, the report states that one challenges in market is rise in demand for electric vehicles is acting as a deterrent for automotive engine actuators market. The sales of electric vehicles started picking up since 2014. Though many factors contributed to the increasing sales of electric vehicles, the most important are the government initiatives to promote the adoption of electric vehicles. The electric vehicles market is nurtured by the governments worldwide to curb carbon emission. The global electric vehicles market is flourishing due to various benefits and perks provided by the governments, increased consumer awareness to curb greenhouse gas emissions, stringent carbon emission norms to reduce the average CO₂ emission by OEMs, and increase in collaboration among the foreign and regional players.
Delphi, DENSO, Aisin Group, Eaton, Hitachi Automotive Systems, HUSCO International, Metaldyne, and Perodua.
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