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Automotive Actuators Market

Automotive Actuators Companies - Robert Bosch (Germany), Denso Corporation (Japan), and Continental AG (Germany) are Leading Players

The automotive actuators market is predicted to grow from USD 27.9 billion in 2024 to USD 33.5 billion in 2030, with a CAGR of 3.1%. The rising demand for automotive actuators stems from multiple converging factors. There is a demand for EV actuators, for applications such as HVAC actuators and e-powertrains, which can be attributed to the electrification of vehicles. Concurrently, the advancements in vehicle automation such as ADAS and autonomous technologies require precise control over functions such as steering and braking, which depends mainly on actuators. Furthermore, consumer desire for increased comfort amenities, as well as the shift toward smart, connected automobiles, help to boost actuator integration. Finally, increased worldwide vehicle production, particularly in the EV and premium categories, drives up total demand for automotive actuators.

Major Automotive Actuators Market Companies include

  • Robert Bosch (Germany),
  • Denso Corporation (Japan),
  • Continental AG (Germany),
  • Johnson Electric Holdings Limited (China),
  • HELLA GmbH & Co. KGaA (Germany).

These companies focus on developing new products, engaging in mergers & acquisitions activities, adopting expansion strategies, and undertaking.

To know about the assumptions considered for the study download the pdf brochure

Robert Bosch (Germany):

Robert Bosch GmbH is an automotive parts supplier operating through five segments: Mobility Solutions, Consumer Goods, Industrial Technology, Energy &  Building Technology, and Others. The Mobility Solutions segment caters to applications ranging from two-wheelers to commercial vehicles. It offers a comprehensive range of actuators for these vehicle segments, including general-purpose actuators, comfort actuators, powertrains, window lift drives, and sunroof drives. The company specializes in integrating mechanical systems with electronic controls, offering advanced actuators for precision control in braking, steering, and powertrain systems.

Denso Corporation (Japan):

Denso Corporation provides OEMs with advanced automotive technologies, systems, and components. The company serves nearly all major Japanese automakers and several US manufacturers, including Ford Motor Company, General Motors, and Chrysler, as well as prominent European auto manufacturers such as Volvo, BMW, and Fiat. It operates through six segments: Electrification Systems, Powertrain Systems, Thermal Systems, Mobility Electronics, Advanced Devices, and Others. It offers automotive actuators under the Advanced Devices segment. The company excels in actuators for HVAC systems, ensuring efficient climate control..

Continental AG (Germany):

Continental AG is a technology company that develops pioneering technologies and services for connected mobility. The company operates in four segments: Tires, Automotive, Contract Manufacturing, and ContiTech. The Automotive segment comprises five business areas: architecture and networking, autonomous mobility, safety and motion, software and central technologies, and user experience. Continental manufactures engine actuators, actuators for central locking systems, air flap actuators, and digital linear actuators under the Automotive segment. The company develops actuators integral to braking (e.g., electronic brake systems) and advanced safety technologies..

Related Reports:

Automotive Actuators Market By Product Type, Application, Actuation, Motion, Vehicle Type, On-Highway Vehicle, EV Propulsion, EV Application and Region - Global Forecast to 2030

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MarketsandMarkets™ INC.
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Automotive Actuators Market Size,  Share & Growth Report
Report Code
AT 3296
RI Published ON
11/2/2023
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