Rockville, MD -- (SBWIRE) -- 02/08/2018 -- Automotive actuators help in converting any form of energy, especially electrical into motion. Manufacturers are shifting from traditional electric actuator technology to developing automated system. Actuator manufacturers are also focusing on developing smart actuators facilitating reliability, fuel efficiency and cost-efficiency. Actuator design is also becoming an important part as compact design provides better performance, less consumption of power, etc. This Fact.MR report discusses key prospects for growth of global automotive actuators market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

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According to a study by Fact.MR, the global market for automotive actuators is expected to experience healthy growth. The market is projected to reach US$ 19,801.6 million value by 2022 end. The rise in automotive industry across the globe is driving the development of innovative components used in vehicles. Automotive actuators are also witnessing increased demand due to the ability to offer maximum speed, reduce fuel consumption, etc.

Waste-Gate Actuator- Top-Selling Product

Compared to all the other automotive actuator products, a waste-gate actuator is expected to emerge as one of the highest selling automotive actuators. The waste-gate actuator is anticipated to experience impressive growth. Waste-gate actuator is also projected to create more than US$ 900 million incremental opportunity during 2017-2022.

Compact Passenger Cars to Witness Healthy Growth

Among all the other type of vehicles, compact passenger cars are expected to use automotive actuators on a large-scale. Towards 2022 end, compact passenger cars are projected to surpass US$ 4,600 million revenue. Meanwhile, mid-sized passenger cars are also likely to be the second largest users of the automotive actuators.

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APEJ to Dominate the Global Market for Automotive Actuators

APEJ is expected to remain dominant in the global market for automotive actuators. The region is expected to experience healthy growth throughout the forecast period. Various countries in APEJ such as China and India are seeing a robust growth as the automotive component manufacturers are using advanced technologies. Moreover, the government is also imposing regulations on emission and on consumption of fuel by the automotive industry. On the other hand, North America and Europe will also witness growth due to increasing adoption of advanced technologies in the manufacturing process of actuators for vehicles.

Competition Tracking

The report provides a detailed profile of key players that are anticipated to be active in the global automotive actuators market by 2022 end, which include Robert Bosch GmbH, Continental AG, Denso Corporation, Mahle Group, Hitachi Ltd, Mitsubishi Heavy Industries Ltd, Nidec Corporation, Delphi Automotive PLC, and Johnson Electric Holdings Limited.

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