The global automotive actuators market is anticipated to grow at a CAGR of 6.6% during the forecast period (2023-2030). Actuators are a type of device used to control components in engines, transmissions, braking systems, suspension systems, and power steering systems. In engines, they help regulate air and fuel flow to ensure optimal performance. In transmissions, they control gear shifts and clutch engagement for smoother gear changes. In braking systems, they modulate brake pressure to prevent skidding and maintain vehicle stability. In suspension systems, they adjust damping rates and ride height for increased ride comfort and handling.
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Finally, in power steering systems, they provide variable assistance based on vehicle speed and driver input. The market’s growth is attributed to an increasing amount of vehicle automation. The development of entire and substantially autonomous driving systems demands the utilization of advanced actuators that can precisely tackle difficult challenges. The aforementioned can be supported by programmable actuators. Furthermore, to the innovative range of flexible smart actuators for electric cars For instance, in September 2023, Marelli launched an innovative range of multipurpose smart actuators aimed at electric automobiles that are designed to render simpler to activate complicated vehicle systems. An electronic module is a component of smart actuators that connects the actuator to the vehicle's electronic network and controls it autonomously. The device has a mechanical design that is flexible, modular, and scaleable to meet numerous car electronics and transmission combinations, in addition to software administration that is simple to implement.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Application
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes CTS Corp., DENSO Corp., Eaton Corporation plc, Emerson Electric Co., HELLA GmbH & Co. KGaA, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Actuators Market Report Segment
By Application
By Vehicle Type
Global Automotive Actuators Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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