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Global Automotive Actuators Market to Grow Over $27.5 Billion By 2022

22 Sep 2016

The stringent government norms on emission controls and the apparent increase in the overall demand of efficient vehicles are contributing in the proliferation of the actuators market growth in the automotive industry. With global automakers continuing to address the challenge of increasing fuel economy and reducing carbon emissions in their vehicles, lately, Magna International has accelerated its development in active aerodynamic systems, which is designed to help auto manufacturers’ clear regulatory hurdles.

Actero Active Aerodynamic Systems from Magna include exterior vehicle systems such as active grille shutters, active front deflectors and others. Actero systems are driven by smart actuators and are an example of the increasing use of electronics in today's automobiles. The actuators speak directly with the vehicle's internal electronic communication system and ensure the aero systems deploy correctly, based on vehicle inputs such as speed, temperature and drive mode. "Our Actero Active Aerodynamic products represent new opportunities and expand our innovative portfolio which offers unique solutions to our customers," said Grahame Burrow, president of Magna Exteriors.

Due to the growing popularity of this market, BIS Research has published a report titled, “Global Automotive Actuators Market, Estimation & Forecast 2016-2022” incorporating a broad classification of the market into product type, service, vehicle type, and geography. According to the analysts at BIS Research, “The market is estimated to grow over $27.5billion by 2022 at a CAGR of 3.2% through 2016-2022, with Asia-Pacific leading the market.”  The rise of government regulations in the European Union, the U.S, and China with respect to carbon emissions and high growth opportunities in emerging economies such as China and India are also propelling the overall market growth forward.

The report includes a detailed chapter on the market dynamics, including the key driving and restraining forces, along with viable opportunities for the global automotive actuators market through the forecast period. Moreover, having identified the potential for further development in the form of product launches, acquisitions, and partnerships among others, the report has included a separate section of detailed competitive landscape. The market sizing and estimation in terms of revenue generated and volume of the units shipped have been included in the report.

The recent activities of the key players in this market have also been tracked in the form of company profiles. Some of the key companies covered in the report are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K), Hella KGaA Hueck & Co (Germany), BorgWarner Inc. (U.S), Hitachi Ltd.(Japan), and Johnson Electric Holding Ltd. (Hong Kong).

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