Asia Pacific Automotive Actuators Market Share & Growth 2031

Segments - Asia Pacific Automotive Actuators Market By Actuator Types (Electric, Hydraulic, and Pneumatic), Applications (Seat Adjustment , Throttle , Brake , Closure, and Others), Vehicle Types (Passenger Cars and Commercial Vehicles), and Geography (India, China, South Korea, Japan, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The Asia Pacific Automotive Actuators Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 8.8% during 2023–2031. The growth of the market is attributed to the increasing adoption of embedded electrical systems in automobiles.

Actuator is a component of electronic system that accepts energy in the form of electrical energy and turns it into motion. It is in charge of converting electrical impulses from the control module into action.

Asia Pacific Automotive Actuators Market Outlook

The majority of actuators are electric motors or electro-magnetic valves. They change flaps to control fluid flow or operate pumps to generate pressure. For instance, actuators are used to control motion and force in a wide range of applications, including low-power levers, flaps, valves, and higher-pressure devices.

Market Trends, Drivers, Restraints and Opportunities

Rising trend and changing consumer preferences for improved safety and comfort from handbook to fully automated gearbox systems is driving the market growth.
Increasing technical developments and improvements in actuators aimed at improving vehicle fuel economy are major drivers that are expected to propel the growth of the market.
Growing public awareness of the benefits of fuel-efficient and high-performance cars is estimated to spur the market growth
High replacement and repair costs of actuators can create challenges for the growth of the market.
Electric actuators that need minimal voltage, emit less heat are compact and offer high torque by utilizing a battery to power the actuator and includes an electrical circuit to design the actuator's actions are estimated to create lucrative opportunities during the forecast period.

Scope of Asia Pacific Automotive Actuators Market Report

The report on the Asia pacific automotive actuators market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Automotive Actuators Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Actuator Types (Electric, Hydraulic, and Pneumatic), Applications (Seat Adjustment, Throttle, Brake, Closure, and Others), and Vehicle Types (Passenger Cars and Commercial Vehicles)
Geographical Scope	India, China, South Korea, Japan, and Rest of Asia Pacific
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Nidec Corporation; Johnson Electric; Robert Bosch GmbH; Mitsubishi Electric; and Denso Corp

Asia Pacific automotive actuators market Segment Insights

Electric Actuator types segment is expected to grow at a rapid pace

Based on actuator types, the market is divided into electric, hydraulic, and pneumatic. The electric segment is expected to grow at a rapid pace during the forecast period. Electric actuators are commonly utilized in comfort-featured actuators such as power door drive, glass lift drive, seat drive, and roof drive, among others. This is due to their small and lightweight construction, decreased noise exposure, and flexible installation choices.

Asia Pacific Automotive Actuators Market Actuator Types

Throttle segment is projected to expand at a considerable CAGR

On the basis of application types, the market is segregated into seat adjustment, throttle, brake, closure, and others. The throttle segment is projected to expand at a considerable CAGR during the forecast period. The throttle actuator converts the mechanical power provided to the accelerator pedal into proportional throttle control, which requires opening the throttle valve in the engine cylinder.

Asia Pacific Automotive Actuators Market Application Types

Passenger cars segment is estimated to account a significant market share.

In terms of vehicle types, the market is divided into passenger cars and commercial vehicles. The passenger car segment is estimated to account for a significant market share during the forecast period. Rising demand for automatic hydraulic transmission and variable frequency transmission passenger automobiles are driving the segment growth

India is anticipated to constitute a key market share

In terms of regions, the Asia pacific automotive actuators market is classified as India, China, South Korea, Japan, and Rest of Asia Pacific. India is expected to constitute a key share of the market during the projected period. Rising demand for sedans, sports sedans, and high-performance automobiles is driving the country’s market growth. However, China is anticipated to expand at a rapid pace during the forecast period owing to its rising yearly car sales.

Moreover, the usage of automotive actuators has boosted the availability of compact, economical automobiles that have low fuel consumption and high mileage. Local manufacturers in China has demonstrated that it can manufacture automobile components at a reduced cost, providing it a competitive advantage in the market.

Segments

The Asia Pacific automotive actuators market has been segmented on the basis of

Actuator Types

Electric
Hydraulic
Pneumatic

Application Types

Seat Adjustment
Throttle
Brake
Closure
Others

Vehicle Types

Passenger Car
Commercial Vehicles

Geography

India
China
South Korea
Japan
Rest of Asia Pacific

Key Players

Nidec Corporation
Johnson Electric
Robert Bosch GmbH
Mitsubishi Electric
Denso Corp

Competitive Landscape

Key players competing in the Asia pacific automotive actuators market are Nidec Corporation; Johnson Electric; Robert Bosch GmbH; Mitsubishi Electric; and Denso Corp

Asia Pacific Automotive Actuators Market

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Actuators Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Actuators Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Actuators Market - Supply Chain
  4.5. Global Automotive Actuators Market Forecast
     4.5.1. Automotive Actuators Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Actuators Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Actuators Market Absolute $ Opportunity
5. Global Automotive Actuators Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Actuators Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Actuators Demand Share Forecast, 2019-2026
6. North America Automotive Actuators Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Actuators Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Actuators Demand Share Forecast, 2019-2026
7. Latin America Automotive Actuators Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Actuators Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Actuators Demand Share Forecast, 2019-2026
8. Europe Automotive Actuators Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Actuators Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Actuators Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Actuators Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Actuators Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Actuators Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Actuators Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Actuators Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Actuators Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Actuators Market: Market Share Analysis
  11.2. Automotive Actuators Distributors and Customers
  11.3. Automotive Actuators Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)