Desmoines News Desk

Electric Vehicle Actuator Market 2020 Business Opportunities, Future Growth Scenario with Top Key Players Robert Bosch, Continental, HELLA, Johnson Electric and Stoneridge

 Breaking News
  • No posts were found

Electric Vehicle Actuator Market 2020 Business Opportunities, Future Growth Scenario with Top Key Players Robert Bosch, Continental, HELLA, Johnson Electric and Stoneridge

May 04
09:28 2021
Electric Vehicle Actuator Market 2020 Business Opportunities, Future Growth Scenario with Top Key Players Robert Bosch, Continental, HELLA, Johnson Electric and Stoneridge

The Insight Partners
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.

According to our latest market study on “Electric Vehicle Actuator Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Hydraulic Actuator, Electric Actuator, and Pneumatic Actuator), Application (HVAC, Headlights, Brakes, Grill Shutter, Mirrors, Hood, Trunk, and Others), and Vehicle Type [Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle (PHEV), Hybrid Electric Vehicle (HEV), and Fuel Cell Electric Vehicle (FCEV)],” the global electric vehicle actuator market was valued at US$ 585.61 million in 2020 and is expected to reach US$ 1,164.71 million by 2028 with a CAGR of 8.5% during the forecast period.  

The integration of automotive actuators to perform various functions, such as HVAC, braking, throttling, operating the headlight, closures, and electronic clutch actuation in vehicles, is boosting the market growth. With the advancements in technology, automotive manufacturers are investing on integrating advanced systems such as power windows, hood openers, advanced braking systems, and headlights, 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 consist of different actuators to perform unique tasks to comfort the driver as well as passengers. There is an increase in demand for safety features such as telematics, collision avoidance systems, electronic stability control, tire pressure monitors, lane departure warnings, traction control, airbags, and parking assistance, owing to the rising number of road accidents globally. The advanced technological system integrated vehicles can detect and categorize specific objects on the road, alert the driver corresponding to the road conditions, and at times automatically decelerate or stop the vehicle. Thus, technological advancements in the multifunctional system’s automotive and production are projected to drive the electric vehicle actuator market.

Request Sample Pages of This Research Study @ https://www.theinsightpartners.com/sample/TIPRE00021435/

In terms of geography, the global market was dominated by the APAC region in 2019, which accounted for almost half of the total market share, owing to a higher demand for electric vehicle actuators. Factors such as extensive adoption of premium cars, sedans, and SUVs among the APAC population contribute significantly to the region’s significant market share. Further, the manufacturers of the electric vehicle actuator market  are demanding the integration of electric vehicle actuators in the cars to meet the emerging requirement 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 are expected to drive the electric vehicle actuators market in the Rest of APAC countries during the forecast period.

The proposed Electric Vehicle Actuator Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The Electric Vehicle Actuator Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.

Furthermore, the Electric Vehicle Actuator Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The Structure of The Electric Vehicle Actuator Market Report Can Be Categorized into the Following Sections:

Section 1: Scope of the Report & Research Methodology

Section 2: Key Takeaways

Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern

Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.

Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.

The Prominent/Emerging Players In The Electric Vehicle Actuator Market Research Include:

The Electric Vehicle Actuator Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Company Overview:

Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to therespective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.

Order A Copy Of This Research Study @ https://www.theinsightpartners.com/buy/TIPRE00021435/

The Electric Vehicle Actuator Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get the value of their money along with better quality data and analysis.

Our research content is majorly focused on market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide a detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get deeper analysis on various research topics.

Contact US:

If you have any queries about this report or would like further information, please contact us:

North America: +1 646 491 9876

Asia-Pacific: +91 20 6727 8686

Email: [email protected]

 

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/

Categories