Automotive actuators market is envisioned to observe a moderately high rise in the forecast period 2018 to 2028, according to a new Fact.MR study. The study propounds key trends that are currently shaping the growth of automotive actuators market. This newly published and insightful report sheds light on key dynamics, which are expected to transform the future of the automotive actuators market, in turn creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of automotive actuators. The global automotive actuators market is likely to witness robust growth. The market is estimated to register 6.1% CAGR during the forecast period, 2017-2022. Owing to the better performance, consistency, and saving energy, actuators in the automotive industry are gaining a lot of traction. With increasing use in cars, manufacturers are also providing a new and improved form of actuators, thereby eliminating fluid leaks and improving energy efficiency. Mini electric actuators are also being used in automotive sensor system and advanced driver assistance system.
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Automotive actuators continues to witness lucrative opportunities across countries on the backdrop of increasing vehicle parc worldwide. Moreover, growing dependency of control systems on actuators is affecting the environment, which is driving their adoption. For actuators, the key purpose for their application is using the power provided to them and converting it to mechanical energy for controlling the motion of fluids and gases. Diversity in the operations of control systems allow actuators to source their power from electric current, hydraulic pressure or pneumatic force. Energy sourced from these options gets converted into motion when the actuator receives a signal. Control systems used in several industrial operations are largely dependent on the efficiency of the actuation technologies.
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Automotive Actuators Market- Development of Electric Technologies to Enhance Deployment of Automotive Actuators
Every OEM is embracing the opportunity of development of electric technology for their vehicles. Problems associated with mechanical-based actuation of any system within a vehicle, such as weight, process lag and higher consumption of power, has pushed automakers to shift towards electric assisted technologies. Simple features, such as power windows, automatic lighting and automatic closure, which were deemed too luxurious to be fitted in a vehicle in the past and have become default installation in the present scenario. Though mechanical actuation utilizes physical linkages to initiate motion, electric assisted technologies call for the implementation of various sensors, benefitting its growth in the market over the long run. In an effort to gain an edge over competitors in terms of customer base, automakers are trying to equip their products with more electric assisted features, further augmenting demand for robust and reliable actuators.
The report concludes with a weighted chapter on the competition landscape of the automotive actuators market, which profiles key companies contributing to the market expansion. Up-to-date and important data as well as knowledge related to the market players, who predominantly engage
in production and distribution of the automotive actuators, has been delivered with the help of a dashboard view. Market share comparison and analysis on these market players offered in the report enables the report readers to devise strategic steps forward for their businesses. These include companies such as Continental AG, Robert Bosch GmbH, Mahle Group, Denso Corporation, Mitsubishi Heavy Industries Ltd, Delphi Automotive PLC, Hitachi Ltd, Johnson Electric Holdings Limited, and Nidec Corporation.
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Automotive Actuators Market- Development of Electric Technologies to Enhance Deployment
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