Automotive Electric Actuators Market Analysis & Forecast 2024-2030

Global Automotive Electric Actuators Market is expected to reach USD 30216.89 million by 2030 with CAGR of 6.2% between 2024 and 2030

An actuator is a device that takes in the energy supplied to it in the form of electrical, mechanical or kinetic energy and converts this energy into force or motion. The output force created is relative to the input energy provided to this device. The actuator receives a signal which initiates the conversion of electrical energy into a proportionate mechanical force by the actuator. The most common type of actuator that is used in the industrial sector is the airtight cylinder that uses the stored energy of the compressed air, which helps in moving the piston as soon as the air is released or the pressure on the air reduces, reducing the compression ratio.  

Automotive electric actuators are responsible for converting the electrical signals, which are provided from the central control unit into a tangible action. Automotive electric actuators help in regulating engine idle speed, engine flywheel rotations, engine torque etc., which help increase the engine efficiency and the vehicle performance. The electrical actuator, which helps in the conversion of electrical energy into a proportionate mechanical torque is the most widely used in APAC region. This actuator is used to generally operate a multi-turn valve.  

Additionally, a mechanical brake is installed above the motor, which enables the actuator, to keep a check on the opening of the valve, and avoid the valve from getting opened completely when not required. In the absence of this brake, the valve will be opened and closed back to its original position continuously. In such a case, the motor and the actuator will undergo abrasion thus being unfit for operation. The electric actuator has the simplest of operations and the most widely used in the automotive sector.  

The study covers a detailed analysis, growth and forecast of the Automotive Electric Actuators Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.  

The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Automotive Electric Actuators Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study Automotive Electric Actuators Market helps users to make precise decision to expand their market presence and increase market share.  

The report provides Automotive Electric Actuators Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Automotive Electric Actuators Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.  

Automotive Electric Actuators Market Report: Product Type

• Throttle Actuator
• Fuel Injection Actuator
• Brake Actuator
• Others

Automotive Electric Actuators Market Report: Application

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles

Automotive Electric Actuators Market Report: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Automotive Electric Actuators Market Report:

• Bosch
• Denso
• Delphi
• Magna
• Continental
• Valeo
• MagnetiMarelli
• Hitachi
• Hella
• Mahle

Geographical analysis of Automotive Electric Actuators Market Report:

• North America
  • U.S.A.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Automotive Electric Actuators Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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