Automotive Actuators Market Research Report – Forecast to 2023 by Type (Hydraulic Actuator, Electric Actuator, and Pneumatic Actuator), Application Type (Throttle Actuator, Fuel Injection Actuator, and Brake Actuator), Vehicle Type – Forecast till 2023.
Automotive Actuators Market Key Players Analyzed In Report:
The key players in global automotive actuators market are Continental AG (Germany), Aptiv PLC (U.S.), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Hella KGaA Hueck & Co. (Germany), and Stoneridge Inc. (U.S.). Wabco Holdings Inc. (Belgium), Mitsubishi Electric Corporation (Japan), Nidec Corporation (Japan), and Sonceboz SA (Switzerland) are among others.
Market Scenario:
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 proportional 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 actuators are responsible for converting the electrical signals, which are provided from the central control unit into a tangible action. Automotive actuators help in regulating engine idle speed, engine flywheel rotations, engine torque etc, which help increase the engine efficiency and the vehicle performance.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific market is expected to drive the growth of this market. Countries such as India and China are expected to be the future global automotive hubs. The large population in this region leads to an increase in annual sales of automobiles. The use of the automotive actuators can ensure the availability of affordable, small sized cars, which provide reduced fuel consumption and increased vehicle mileage.
Major Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain Of Global Automotive Actuators Market
5 Industry Overview Of Global Automotive Actuators Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
Continued…
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