The electric vehicle actuator market was valued at US$ 585.61 million in 2020 and is projected to reach US$ 1,164.71 million by 2028; it is expected to grow at a CAGR of 8.5% from 2021 to 2028.
An actuator is a component of a device responsible for controlling a mechanism. Actuators are used in rock & pinion arrangements, ball screws, motors, cylinders, and other components. Electrical actuators are increasingly replacing hydraulic and pneumatic actuators because they are more efficient and controllable. The electric vehicle actuator market has grown because of increased investments, particularly in the European region. Furthermore, increased government regulations for reducing vehicle emissions have increased the demand for fuel-efficient vehicles, which would provide growth opportunities for the market. The demand for electric vehicles with advanced features and connectivity is growing in tandem with automation and digitalization in the automotive industry. However, high capital cost of electric vehicles or risk of component failure could stymie the growth of the electric vehicle actuator market during the forecast period (2021 to 2028). With the advent of Industry 4.0 and Internet of Things (IoT), these technologies are becoming progressively mainstream across the automotive sector. The escalating adoption of electric vehicles (EVs) is fueling the adoption and integration of IoT. However, the data integration issues for collaborative and connected vehicle applications are creating a challenge for companies present in the automotive electric actuator market. Further, the automotive electric actuator market is highly competitive with the presence of leading players that account for a significant market stake. These market players are further supporting the integration of IoT in EVs. Hence, IoT integration is becoming increasingly prominent across internal networks and intra-vehicle connectivity, to share data precisely among actuators, electronic control units (ECUs), and sensors. Therefore, the lack of EV data sources and charging station networks across the developing countries represents a barrier to the market's growth.
APAC dominated the electric vehicle actuator market in 2020, Factors such as extensive adoption of premium cars, sedans, and SUVs among the APAC population contribute significantly to the region’s major market share. Further, General Motors Holden, Toyota Motor Corporation Australia Limited, Ford Motor Company of Australia Limited, Mitsubishi Motors Australia Ltd. (MMAL), Isuzu Australia Limited, Hyundai Commercial Vehicles Australia, and Volkswagen Group Australia Pty Ltd. are among the well-known manufacturers of commercial vehicles in the country. All these manufacturers are demanding the integration of electric vehicle actuators in the cars to meet the emerging requirements from the customers. Moreover, escalating automotive manufacturing operations, rising demand for electric vehicles, and growing focus of the electric vehicle actuators manufacturers toward offering low-cost and high-efficiency products is expected to drive the electric vehicle actuators market in the Rest of APAC countries during the forecast period.
Impact of COVID-19 Pandemic on Electric Vehicle Actuator Market
The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of electronics equipment, including the hardware component of electric vehicle actuators. The emergence of COVID-19 virus across the globe, followed by lockdown scenarios, has led the industry experts to analyze that the industry would face at least a quarter of lag in electronics equipment supply chain. This disruption is expected to create tremors through till mid-2021. The electronics equipment and automotive industry is likely to pick up pace soon after the governments across the globe lift the various containment measures steadily in order to revive the economy. The production of the electronics equipment and automotive is anticipated to gain pace from 2021 which is further foreseen to positively influence the electronics equipment and automotive manufacturing, including hardware components of electric vehicle actuators.
Lucrative Regions for Electric Vehicle Actuator Market
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Market Insights
Escalating Adoption of Fuel-Efficient Vehicles
Increasing demand for electronically advanced systems in vehicles is one of the major drivers for the market. Moreover, rising production of vehicles and growing preference for smooth driving experience and high comfort are boosting the demand for different types of actuators. Currently, most of the light-duty vehicles are well equipped with mechanical or electric actuators. Their diesel engines consume 10–20% less fuel as they have more efficient engine operations, whereas hybrid vehicles powered with gasoline have lower fuel consumption. The hybrid vehicle engine operates to its peak efficiency as well as accommodates an amount of energy from regenerative braking, which is triggered with the help of actuators. Electric vehicles (EVs) have the lowest energy consumption as they operate through battery that uses electric motors with intrinsically higher efficiency compared to internal combustion engines. Several manufacturers worldwide are focusing on ensuring the EU fleet regulations to limit with the average CO2 emissions per km by 2030, as penalties would be issued for noncompliance. The selling of EVs offers the original equipment manufacturers (OEMs) the opportunity to meet their targets with extra credits and make compliance easier by reducing the limit’s stringency up to 5%.
Type-Based Market Insights
Based on type, the global electric vehicle actuator market is segmented into hydraulic actuator, electric actuator, and pneumatic actuator. The hydraulic actuators produce the movement from the displacement of fluids through the valves of a variable suspension system.
Electric Vehicle Actuator Market, by Type – 2020 and 2028
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Application-Based Market Insights
Based on application, the electric vehicle actuator market is segmented into HVAC, headlights, brakes, grill shutter, mirrors, hood, trunk, and others. Linear actuators are most widely employed when a part of a vehicle requires to be lowered, lifted, opened, or closed. To enhance pedestrian safety, the integration of actuators in the vehicle is increasing.
Vehicle Type-Based Market Insights
Based on vehicle type, the electric vehicle actuator market is segmented into battery electric vehicle (BEV), plug-in hybrid vehicle (PHEV), hybrid electric vehicle (HEV), and fuel cell electric vehicle (FCEV). A hybrid electric vehicle (HEV) is a complex system that integrates electronic, chemical, mechanical, and thermodynamic technologies. When an HEV is in movement, control and data are transformed by various flows. Moreover, in HEVs, a hybrid drive motor is positioned between the engine and the automatic transmission, engaging in power transmission. In other words, the motor's power and the power of the driving engine generate power together, which is transmitted to the wheels. In parallel hybrids, the electric engine and internal combustion engine (ICE) are both associated with mechanical transmission.
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Electric Vehicle Actuator Market: Strategic Insights
Market Size Value in US$ 585.61 Million in 2020 Market Size Value by US$ 1,164.71 Million by 2028 Growth rate CAGR of 8.5% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Electric Vehicle Actuator Market: Strategic Insights
| Market Size Value in | US$ 585.61 Million in 2020 |
| Market Size Value by | US$ 1,164.71 Million by 2028 |
| Growth rate | CAGR of 8.5% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Hella GMBH, Summer Infant, Vitesco Technologies, BorgWarner, and Bosch are among the key players implementing strategies to enlarge the customer base and gain significant share in the global electric vehicle actuator market, which, in turn, permits them to maintain their brand name. A few of the recent key developments are:
- In February 2021, Vitesco Technologies is manufacturing electrical catalyst heating for high-voltage hybrid vehicles.
- In November 2020, Bosch launched an Electronic airbag control unit for cars. The bag gets fully inflated within 30 milliseconds and can protect the driver and passengers.
Electric Vehicle Actuator Market Segmentation:
By Type
- Hydraulic Actuator
- Electric Actuator
- Pneumatic Actuator
By Application
- HVAC
- Headlights
- Brakes
- Grill Shutter
- Mirrors
- Hood
- Trunk
- Others
By Vehicle Type
- Battery Electric Vehicle (BEV),
- Plug-in Hybrid Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Fuel Cell Electric Vehicle (FCEV))
Company Profiles
- Robert Bosch GMBH
- Continental AG
- HELLA GMBH AND CO. KGAA
- Johnson Electric
- Stoneridge Inc
- Hitachi Automotive Systems, LTD.
- Borgwarner INC.
- Mahle GMBH
- Mitsubishi Electric Corporation
- Nidec Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Application , and Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argnetina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Kingdom, United States
Frequently Asked Questions
The integration of automotive actuators for performing various functions, such as HVAC, braking, throttling, operating the headlight, closures, and electronic clutch actuation in vehicles, is boosting the market growth. With the advancement in technology, the automotive manufacturers are investing on integrating the advanced system in the vehicles such as power window, hood openers, advanced braking system, and headlights. Also, there is increased technological advancements, such as the advanced driver assistance systems (ADAS), like the automated brake assist, lane keep assist, and adaptive cruise control (ACC) in the vehicles. At present, advanced features such as the adaptive front-lighting system (AFS), adaptive cruise control (ACC), and advanced driver assistance systems (ADAS), are being majorly deployed in modern vehicles, which are integrated with different actuators to perform unique tasks to comfort the driver as well as passengers.
The automotive manufacturers are investing in the adoption of chromogenic technology for the development of advanced vehicle glazing. The technology can dynamically change how the transmittance of the sunroof. Glazing chromogenic technology can make an interior comfortable and adjustable as per the driver’s requirement and fluctuating visual environment. This technology can provide excellent safety by the virtual elimination of glare and reflections with an actuation system. The application to automotive glazing is one of the most recent and advanced technology in the market, owing to smaller sizes than commercial windows, and the lifetime is less (7 years is the average lifetime).
A hybrid electric vehicle (HEV) is a complex system that integrates electronic, chemical, mechanical, and thermodynamic technologies. When an HEV is in movement, control and data are transformed by various flows. Moreover, in HEVs, a hybrid drive motor is positioned between the engine and the automatic transmission, engaging in power transmission. In other words, the motor's power and the power of the driving engine produce combined power transmitted to the wheels through the transmission. In parallel hybrids, the electric engine and ICE are both associated with mechanical transmission.
The List of Companies - Electric Vehicle Actuator Market
- Robert Bosch GMBH
- Continental AG
- HELLA GMBH AND CO. KGAA
- Johnson Electric
- Stoneridge Inc
- Hitachi Automotive Systems, LTD.
- Borgwarner INC.
- Mahle GMBH
- Mitsubishi Electric Corporation
- Nidec Corporation
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