Published on : Apr 27, 2018
Albany, New York, April 27, 2018: An up-to-date research study titled “Actuator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been freshly broadcasted to the wide repository of Market Research Hub (MRH). The study offers a clear picture of the current market scenario of actuator market for automotive, along with its future growth prospects till 2025. This 390-page in-depth report reveals insight into the crucial aspects of the global market important segments, competitive landscape and major factors fueling growth. Also, the market has been segmented into five regions: North America, Latin America, Europe, Asia Pacific and MEA.
Key Highlights from the Study
An actuator can be defined as an integral part of the electric controlled automotive systems and is also applied in some mechanical systems. All the automatic systems in the vehicle consist of actuators, which runs on the basis of the input provided by the sensor. Subsequently, the introduction of automatic systems in vehicles is foreseen to boost the demand for actuators. According to the research findings, the actuator market for automotive is expected to expand at a CAGR of 6.5% during the forecast period.
The market for automotive actuator is primarily driven by rising demand for automatic systems in the vehicles, electric vehicles, and autonomous vehicles. Considering this, it has been also stated that actuator manufacturers are likely to witness growth opportunities.
In terms of geography, Asia Pacific is a major market for automotive actuators due to the significant production of vehicles in the region. The Asia Pacific is the center of attraction for the manufacturers due to the availability of resources at lower cost.
First of all, the report presents a detailed market overview of actuator market for automotive. This section comprises qualitative analysis, by considering the factors shaping the market drivers, opportunities and restraints, together with Porter's five forces and market attractiveness analysis. For the purpose of the study, the analysts of the report have segmented the actuator market for automotive on the basis of actuator type, application, and vehicle type. This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2025. On the basis of actuator type, the research includes electric, pneumatic, hydraulic, and mechanical actuator. Vehicle type segment covers commercial, electric and passenger vehicles. In terms of application, the adaptive headlamp segment is expected to expand at a rapid pace due to the increasing concern among society toward safety.
Moreover, a brief analysis of key players functioning in the global actuator market for automotive has been offered to readers. The key players are profiled on the basis of important attributes, such as financial overview, business strategies, and recent developments. Some of the players outlined in the study are Hitachi Automotive Systems Ltd, Johnson Electric, HUSCO International, Actus Manufacturing, Inc., Cebi International S.A., HELLA GmbH & Co. KGaA, Kiekert AG, MAHLE GmbH, Mitsubishi Electric Corporation, Robert Bosch GmbH, and WABCO.
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