The global automotive actuators market is estimated at USD 27.9 billion in 2024. It is projected to reach USD 33.5 billion by 2030 at a CAGR of 3.1%. The growing demand for EVs presents a lucrative opportunity for the automotive actuators market, as electric actuators are critical for battery management and motor control. The rise of ADAS-equipped vehicles further drives the need for actuators to precisely control functions such as steering, braking, and acceleration. Advancements in materials science and sensor integration have improved the performance and reliability of actuators, enabling their application in complex vehicle systems. The automotive actuators market is thus positioned for significant growth as the industry transitions toward connected and autonomous vehicles.
By product type, the brake actuators segment will be the largest segment during the forecast period.
With the advancement of brake technologies such as brake-by-wire actuators, anti-lock braking, electronic brakeforce distribution, and brake assist, the demand for efficient brake actuators will likely grow in the coming years. The brake-by-wire actuator, which uses electric motors to transmit signals and energy instead of hydraulic and pneumatic components, has been widely accepted as the next generation of automotive braking systems. This design utilizes a specialized linear motor, providing significant advantages such as rapid braking response, simplified control, and enhanced control accuracy. Asia Pacific is projected to be the leading market for brake actuators in terms of value and volume, as it is the world’s largest producer of vehicles. The increasing demand for brake-by-wire actuators is driven by the rise in drive-by-wire system adoption and the need for more efficient, lightweight, and responsive braking systems. Advancements in braking technology and the presence of leading automotive actuator manufacturers such as Denso Corporation, and Johnson Electric, among others are further expected to drive the market.
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Europe will have the second largest share in automotive actuators market during the forecast period
The region is home to the leading automotive actuator manufacturers, such as Robert Bosch GmbH, Continental AG and HELLA GmbH & Co. KGaA, among others. These manufacturers are investing heavily on R&D to incorporate actuators in upcoming autonomous and software-defined vehicles. The increase in demand for automotive actuators can be attributed to the EU mandates for safety features, such as adaptive cruise control, lane-keeping assistance, and automated emergency braking. These features rely heavily on actuators to function effectively, boosting the country’s demand for advanced automotive actuators. Germany is expected to lead the European automotive actuators market during the forecast period, mainly due to the country’s dominance in vehicle production across Europe. More advanced features in locally produced vehicles and the robust R&D capacity of major automotive companies are expected to drive the automotive actuators market.
Key Players
The Automotive Actuators Market is dominated by globally established players, such as Robert Bosch (Germany), HELLA GmbH & Co. KGaA (Germany), Johnson Electric (China), Denso Corporation (Japan), and Continental AG (Germany).
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