Automotive Actuators Market worth $39.5 billion by 2027

1. MarketsandMarkets Presents • Automotive Actuators Market worth $39.5 billion by 2027 https://www.marketsandmarkets.com/Market-Reports/automotive-actuators-market-166095652.html

2. The report "Automotive Actuators Market by Vehicle, Application, On-Highway Vehicle, Actuation, Motion, Product (Brake, Cooling Valve, Power Window, Throttle, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, Piezoelectric), and Region - Global Forecast to 2027", The global automotive actuators market size is projected to grow at a CAGR of 7.1% during the forecast period, to reach USD 39.5 billion by 2027 from an estimated USD 22.8 billion in 2019. The increasing demand for comfort feature, advanced automated systems in vehicles, and rising trend of engine downsizing in the automotive industry are some of the key factors fuelling the growth of this market. Browse 154 market data Tables and 51 Figures spread through 183 Pages and in-depth TOC on "Automotive Actuators Market” Get The PDF Brochure For This Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166095652

3. Brake actuators segment to hold the largest share of the automotive actuators market, by actuator type The brake actuator is estimated to hold the largest market share, in terms of value, in 2019. Mandatory installation of anti-lock braking systems (ABS) and electronic stability systems in the US and European countries has been the key driver for the brake actuators market. The increase in the number of electric and fuel-efficient vehicles has further boosted the brake actuators market. On-highway vehicle segment-a promising market for automotive actuators The on-highway vehicle segment is estimated to be the largest in the automotive actuators industry. Increasing number of electric and fuel-efficient vehicles in the automobile industry has driven the growth of the automotive actuators in this segment. This segment comprises a number of automotive actuators that help manage and control various applications. Request for Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=166095652

4. Asia Pacific: The largest market for automotive actuators Asia Pacific is estimated to hold the largest share, in terms of volume, of the automotive actuators market in 2019. The demand for automotive actuators in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of electric vehicles in countries such as China and Japan. The region is also the leading producer of automobiles in the world. The report analyzes all major players in this region for automotive actuators market, including Hitachi Automotive Systems, Ltd. (Japan), Denso Corporation (Japan), and Mitsubishi Electric Corporation (Japan). Request for Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=166095652

5. Critical Questions: • Many companies and start-ups are operating in the automotive actuators space across the globe. Do you know who the front leaders are, and what strategies have been adopted by them? • Fast paced developments in automotive actuators such as piezoelectric actuators and electric actuators by leading manufacturers will change the dynamics of automotive actuators. How will this transform the overall market? • The industry is focusing on developing comfort actuators for the automotive actuators market. Which are the leading companies who are working on comfort actuators, and what organic and inorganic strategies have been adopted by them? • The adoption of electric actuators over hydraulic and pneumatic actuators is expected to change the dynamics of automotive actuators. How will this transform the overall market? • Analysis of competitors in the automotive actuators market and their impact on the overall automotive actuators market • To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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