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