Automotive Actuators Market 2019 Global Forecast To 2023

Posted by abhi0210 on January 15th, 2019

Market Research Future has published research report on the Global Automotive Actuators Market. Global Automotive Actuators Market Research Report: Information by Type (Hydraulic Actuator, Electric Actuator, and Pneumatic Actuator), Application Type (Throttle Actuator, Fuel Injection Actuator, and Brake Actuator), Vehicle Type  – Forecast till 2023.

The key players profiled by MRFR in its report for drawing an impactful insight into the market include Continental AG (Germany), Robert Bosch GmbH (Germany), Aptiv PLC (U.S.), Denso Corporation (Japan), Stoneridge Inc. (U.S.), Wabco Holdings Inc. (Belgium), Mitsubishi Electric Corporation (Japan), Hella KGaA Hueck & Co. (Germany), Nidec Corporation (Japan), and Sonceboz SA (Switzerland) among others. The strategies devised and implemented by the market operators are product developments, acquisitions & mergers, adoption of latest technologies, joint ventures, strategic alliances, etc.

The global automotive actuators market is driven by several factors.  In addition to the engine cooling system being operated using the radiator fan technological advancements in the automotive field have led to advanced features such as automatic engine rpm control. These features can function optimally if the actuators are installed in an automobile. Secondly, actuators provide control and precision over vehicle parameters such as the speed, rpm, flywheel rotation, and engine overheating. Thirdly, actuators help in the incorporation of electronics and act as a link between the automobile mechanical and electrical components. The global automotive actuators market is expected to expand at 8% CAGR (2017 to 2023).

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