Automotive Electric Actuator Market Provides Comprehensive Understanding Of The Market With The Help Of Informed 2019 - 2027

 

Flexibility and Sustainability of Automotive Electric Actuators Attract Stakeholders

Automotive electric actuators are offering convenience solutions to end-use customers. The growing awareness about safety for vehicle drivers has led to automation and performance-enhancing features in vehicles worldwide. Automotive electric actuators are increasingly being used to safely open tailgates, lower ramps, and to adjust the mirrors in vehicles. This is evident since the automotive electric actuator market is expected to reach ~US$ 11.7 Bn by the end of 2027. Hence, companies are focusing on developing maintenance-free and reliable actuators that meet OEM and end user requirements.

High prevalence of elderly individuals has created a demand for technologically sound vehicles that provide comfort to individuals. Hence, companies in the automotive electric actuator market are increasing their efficacy in intelligent and sustainable actuators that are gaining the attention of stakeholders in the value chain. They are increasing R&D to develop actuators that are flexible enough to fit in any vehicle.

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Small Actuators to Drive Automatic Headlight Leveling Systems in High-end Vehicles

Mini electric linear actuators are acquiring popularity for energy conversion in different types of linear motion. Automotive electric actuators are gaining prominence in high-end vehicle models, since they support automatic movement of headlights toward the track, whilst illuminating the road. Hence, companies in the automotive electric actuator market are researching about permanent magnet motors that support movement in headlights to focus the beam of light in curvy and rough terrains. They are increasing their production capabilities to develop mini actuators that support headlight motors and leveling systems in vehicles.

Since mini actuators are much more compact in size than standard automotive electric actuators, their usability is increasing in automotive headlight mount. This is evident since the automotive electric actuator market is estimated to reach an output of ~929,000 units by 2027. Hence, OEMs and stakeholders in the aftermarket are increasing the availability of small actuators that help to drive automatic headlight leveling systems.

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Investments in Vehicular Technologies Help to Acquire Intervehicle Connectivity Data

IoT and industry 4.0 are becoming increasingly mainstream in the automotive industry. The growing adoption of EVs is another key driver fueling the proliferation of IoT. However, data integration issues for connected and collaborative vehicle applications pose as a challenge for companies in the automotive electric actuator market.

The automotive electric actuator market is highly competitive with nine leading players accounting for ~60% of the market stake. These players are encouraging the penetration of IoT in EVs. Thus, IoT integration is becoming increasingly prominent in intervehicle connectivity and internal networks to help share data among ECUs, actuators, and sensors. As such, the interior application segment is expected to lead the automotive electric actuator market landscape. However, lack of charging station networks and EV data sources in developing countries pose as barriers for market growth. Hence, stakeholders are increasing investments in vehicular technologies and infrastructure. They are increasing efforts to develop accurate trip planning applications to reduce a driver’s range anxiety.

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Companies Aim toward Versatile Applications of Electric Actuators for Specific Consumer Requirements

The introduction of innovative motor designs is one of the key drivers that are contributing toward the growth of the automotive electric actuator market. On the other hand, manufacturers are bolstering their credibility credentials in the market by increasing efforts to develop automotive electric actuators that have minimal carbon footprint. Since body & exterior application segment of the automotive electric actuator market is anticipated for exponential growth, companies are developing actuators that allow owners to remotely control and open tailgates.

In order to cater to the requirements of high-end disabled vehicles, manufacturers are developing actuators that help to lower the wheelchair ramp in vehicles. Thus, to gain global recognition, manufacturers are increasing their testing capabilities in actuators since vehicles are exposed to harsh weather conditions. They are gaining expertise in durability tests to examine the applicability of actuators in freezing cold and other extreme temperatures. Maintenance-free actuators are being highly publicized, since they eliminate the need for hoses, pumps or compressors.

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