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Automotive Actuators Market worth $29.3 billion by 2030 - Exclusive Report by MarketsandMarkets™
Electric actuators hold the largest share of the automotive actuators industry during the forecast period. Along with the advancement in vehicular technologies, electric actuators have become a critical component and have replaced hydraulic and pneumatic actuators in various high-end and electric vehicles. This is due to lower noise emission, compact and lightweight design, and flexible installation options offered by electric actuators. In-vehicle comfort is a prime focus for global OEMs, which helps them to provide unique models and differentiate from competitors. Electric actuators are widely used in comfort-feature actuators such as window lift drives, power tailgate drives, electrically controlled doors, seat drives, and sunroof drives to support this. Alternatively, mid- and high-priced cars are installed with advanced safety systems or ADAS features such as adaptive cruise control, lane-keeping assistance, and automated emergency braking. These functions require smart electric actuators to control the function and improve drivability and safety. With the rising adoption of advanced driver assistant systems and electronics in the vehicle, the demand for electric actuators is set to grow in the coming years.
The growth of body control & exterior segment is mainly attributed to many actuators included under this application. Most passenger vehicles typically use telescopic actuators, grille shutter actuators, tailgate actuators, headlamp actuators, and door actuators. Many premium vehicle manufacturers design cars with the active grill shutter feature to assist in engine warm-up. At the same time, it responds to the signal from the engine control module to open and close according to the driving condition, resulting in improved fuel efficiency. Due to this, Tier-1 suppliers such as Valeo and Hella offer the gill shutter actuators in their product portfolio.
Similarly, the development of smart systems in automotive lighting, like headlamps responding to the steering angle, suspension movements, road curvatures, and forward traffic, is driving the demand for adaptive headlamp units. These features are gaining popularity in Mercedes-Benz, Audi, Volvo, Volkswagen, and other passenger car models. European legislation focuses on decreasing fatalities by encouraging the inclusion of safety systems in vehicles. This will fuel the demand for adaptive headlamps. The increasing stringency of emission & safety standards and fuel economy parameters have led manufacturers to try new and enhanced ways to meet the revised standards and enable the fitment of new technologies in body & exterior parts of the vehicle body, which will ultimately spur the growth of automotive actuators in the future.
The high disposable income level of the population has resulted in an increasing demand for premium and luxury cars in this region. According to MarketsandMarkets analysis, Class C and above passenger vehicles contribute around 90% of the total passenger cars produced in Germany . Germany is estimated to account for the largest share of the European automotive actuators market, attributed to the increasing demand for advanced in-vehicle electronics and the high demand for premium sedans, coupe, and mid & full-size SUVs. These cars have advanced safety systems such as adaptive cruise control, lane-keeping assistance, and automated emergency braking. Luxury cars have comfort features such as powered seats, windows, sunroofs, etc. All these features generate a demand for actuators. Similar is the trend for other European countries, including the UK, which has a higher adoption of luxury cars. In European countries, with technological advancement and increasing awareness about safety and security, the European Commission's General Safety Regulation (GSR) sets minimum safety standards for all vehicles, which includes ADAS features like Automatic Emergency Braking system, Lane departure warning, which helps to reduce the rate of accidents on the road. The vehicles equipped with the ADAS system involve the additional installation of actuators, driving the sales of actuators during the forecast period. In ADAS systems, actuators play a significant role, enabling vehicles to perform more and more automated tasks. As ADAS features become sophisticated, the part of actuators will become greater in ensuring the safety and convenience of vehicles, which will drive market growth in the upcoming years. Increasing R&D investments, partnerships, and joint ventures between major OEMs and domestic players have created further growth opportunities for manufacturers of automotive actuators.
The major players in Automotive Actuators Companies include Robert Bosch ( Germany ), HELLA GmbH & Co. KGaA ( Germany ), Johnson Electric ( China ), Denso Corporation ( Japan ), and Continental AG ( Germany ).
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