Global Automotive Multipurpose Actuators Market 2024-2030

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    AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET 

     

    KEY FINDINGS

     

    • The global automotive multipurpose actuators market is expected to grow significantly in the coming years, driven by the increasing demand for vehicles with advanced features and connectivity, such as adaptive cruise control, lane departure warning, and automatic emergency braking.
    • Multipurpose actuators are being used in a growing range of automotive applications, such as engine management, transmission control, braking system, steering system, HVAC system, and other systems.
    • Manufacturers are investing heavily in the development of new and innovative multipurpose actuators, such as electric actuators with integrated sensors and actuators with fail-safe designs.
    • Electric vehicles require a higher number of actuators than traditional gasoline-powered vehicles. This is due to the fact that electric vehicles have more complex engine management systems and require more precise control of their braking and steering systems. The growing popularity of electric vehicles is expected to boost the demand for automotive multipurpose actuators.
    • The increasing adoption of lightweight materials, such as aluminum and carbon fiber, in vehicle construction is leading to a demand for actuators that are smaller, lighter, and more efficient. Manufacturers are developing new multipurpose actuators that meet these requirements, which is expected to drive the growth of the market.
    • Governments around the world are implementing increasingly stringent safety and fuel efficiency regulations for vehicles. This is driving the demand for automotive multipurpose actuators that can help automakers meet these regulations. Multipurpose actuators can be used to implement advanced safety features, such as automatic emergency braking and lane departure warning. They can also be used to improve fuel efficiency by controlling the engine and transmission systems more efficiently.
    • Automotive multipurpose actuators are relatively expensive components, which can deter automakers from using them. However, the cost of multipurpose actuators is expected to come down in the coming years as manufacturers develop more efficient production processes and new technologies.
    • ADAS features, such as adaptive cruise control, lane departure warning, and automatic emergency braking, require a high number of actuators. The increasing demand for vehicles with ADAS features is expected to drive the demand for automotive multipurpose actuators in the coming years.
    • The automotive multipurpose actuators market is growing rapidly in emerging markets, such as Asia Pacific and Latin America. Manufacturers that invest in new markets will be able to tap into this growth potential and expand their business.

     

    MARKET OVERVIEW

     

    The automotive multipurpose actuators market is witnessing significant growth and innovation. These actuators are becoming increasingly vital in the automotive industry, driven by the rise of electric vehicles (EVs) and the increasing complexity of vehicle functions.

     

    With the transition to electric mobility, the automotive industry is incorporating more than 100 actuators in a single EV to control various functions, including transmission, thermal management, and safety systems.

    Automotive multipurpose actuators are designed to simplify the actuation of complex vehicle functions. They offer a modular and scalable mechanical design, making them adaptable to various vehicle configurations.

     

    The actuators are compact in size and lightweight, which is crucial in the context of EVs, where weight reduction is a key concern to enhance efficiency and range.

    The market is focusing on high-end actuators that meet demanding performance criteria. These include precision, speed, and reliability, especially in severe environmental conditions.

     

    Automotive industry continues to evolve with the expansion of electric and autonomous vehicles, the demand for multipurpose actuators is expected to rise. These actuators will play a critical role in shaping the future of vehicle functionality and performance.

     

    INTRODUCTION TO AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET

     

    Automotive multipurpose actuators are actuators that can be used in a variety of automotive applications. They are designed to convert electrical or hydraulic energy into mechanical motion, and they can be used to control a wide range of components, such as throttle valves, brake calipers, seat adjusters, and HVAC systems.

     

    Multipurpose actuators are particularly valuable in the automotive industry because they can be used to simplify and reduce the cost of vehicle design. By using a single type of actuator for multiple applications, automakers can reduce the number of unique components that they need to source and manufacture. This can lead to significant savings in terms of both time and money.

     

    Automotive multipurpose actuators are typically classified according to their type of movement and power source. The two main types of movement are linear and rotary. Linear actuators produce linear motion in a straight line, while rotary actuators produce rotary motion in a circular path. The most common power sources for automotive multipurpose actuators are electric and hydraulic.

     

    Electric multipurpose actuators are powered by an electric motor. They are relatively lightweight and compact, and they can be easily controlled with electronic signals. Hydraulic multipurpose actuators are powered by a hydraulic pump. They are capable of generating high forces and torques, but they are also more complex and expensive than electric actuators.

     

    Automotive multipurpose actuators are used in a wide range of vehicles, from passenger cars and SUVs to trucks and buses. They are also used in a variety of commercial vehicles, such as construction equipment and agricultural machinery.

     

    AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET SIZE AND FORECAST

     

    infographic: Automotive Multipurpose Actuators Market, Automotive Multipurpose Actuators Market Size, Automotive Multipurpose Actuators Market Trends, Automotive Multipurpose Actuators Market Forecast, Automotive Multipurpose Actuators Market Risks, Automotive Multipurpose Actuators Market Report, Automotive Multipurpose Actuators Market Share

    The Global Automotive Multipurpose Actuators market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    TRENDS IN AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET

    The development of new materials and manufacturing processes: New materials and manufacturing processes are being developed to create multipurpose actuators that are more lightweight, durable, and efficient. This is important for meeting the demands of the EV market and for developing new applications for multipurpose actuators.

     

    The integration of multipurpose actuators with other systems: Multipurpose actuators are increasingly being integrated with other systems, such as sensors and controllers. This integration is leading to the development of more sophisticated and intelligent actuators.

     

    The development of new applications for multipurpose actuators: Multipurpose actuators are being used in new and innovative applications, such as active suspension systems and in-wheel motors. This is expanding the market for multipurpose actuators and creating new opportunities for growth.

     

    Development of new technologies: New technologies, such as by-wire systems and vehicle-to-everything (V2X) communication, are creating new opportunities for multipurpose actuators. By-wire systems replace mechanical linkages with electronic controls, which require the use of actuators to move the various components of the system. V2X communication allows vehicles to communicate with each other and with infrastructure, which could lead to new applications for multipurpose actuators in the future.

     

    AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET NEW PRODUCT LAUNCH

     

    Bosch Develops New Multipurpose Actuator for Electric Vehicles: Bosch has developed a new multipurpose actuator for electric vehicles (EVs). The new actuator is designed to be more efficient and compact than previous models, making it ideal for use in EVs where space and weight are at a premium. The actuator can be used in a variety of applications, including braking, steering, and throttle control.

     

    Continental Launches New Actuator for Advanced Driver Assistance Systems (ADAS): Continental has launched a new actuator for advanced driver assistance systems (ADAS). The new actuator is designed to be more responsive and accurate than previous models, making it ideal for use in safety-critical ADAS features such as automatic emergency braking and lane departure warning. The actuator can also be used in comfort and convenience features such as adaptive cruise control and power seats.

     

    Denso Develops New Actuator for Autonomous Vehicles: Denso has developed a new actuator for autonomous vehicles. The new actuator is designed to be more reliable and durable than previous models, making it ideal for use in autonomous vehicles where safety and reliability are critical. The actuator can be used in a variety of applications, including braking, steering, and throttle control.

     

    Delphi Technologies Launches New Actuator for Electric Power Steering Systems: Delphi Technologies has launched a new actuator for electric power steering systems. The new actuator is designed to be more energy-efficient and precise than previous models, making it ideal for use in electric vehicles where fuel efficiency is a priority. The actuator can also be used in traditional gasoline-powered vehicles to improve fuel efficiency and handling.

     

    Hella Launches New Actuator for Active Suspension Systems: Hella has launched a new actuator for active suspension systems. The new actuator is designed to be more responsive and powerful than previous models, making it ideal for use in active suspension systems that can adjust the suspension in real time to improve ride quality and handling. The actuator can be used in a variety of vehicles, from luxury cars to SUVs and trucks.

     

    Marelli has introduced a new line of versatile smart actuators designed to simplify complex functions in electric vehicles. These actuators feature an electronic module that autonomously controls and connects to the vehicle’s electronic network. 

     

    They are adaptable to various vehicle configurations and come with user-friendly software for easy integration. These actuators cater to hybrid and electric vehicles, offering solutions for transmission control and thermal management. 

     

    They excel in terms of safety, cybersecurity, speed, and performance in challenging environments. These innovations were showcased at The Battery Show 2023 in Michigan, alongside Marelli’s Vehicle Domain Control Module, which enhances vehicle integration, and the Integrated Thermal Management Module for electric vehicles, streamlining thermal control. Marelli also displayed its latest propulsion and thermal solutions at the event, including advanced battery management systems.

     

    AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET MARKET SEGMENTATION

     

    Automotive Multipurpose Actuators Market By Application:

    • Braking
    • Steering
    • Throttle control
    • Seat adjustment
    • Active suspension
    • Other (e.g., power windows, panoramic sunroofs, etc.)

     

    Automotive Multipurpose Actuators Market By Vehicle type:

    • Passenger cars
    • Light commercial vehicles
    • Heavy commercial vehicles

     

    Automotive Multipurpose Actuators Market By Technology:

    • Electromagnetic
    • Electromechanical
    • Hydraulic
    • Pneumatic

     

    Automotive Multipurpose Actuators Market By Region:

    • North America
    • Europe
    • China
    • Asia Ex China
    • ROW

     

    AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET COMPANY PROFILES

     

    • Bosch (Germany)
    • Continental  (Germany)
    • Denso (Japan)
    • Delphi Technologies  (United States)
    • Hella (Germany)
    • Nidec (Japan)
    • Valeo (France)
    • ZF TRW  (Germany)
    • howa Denko K.K.  (Japan)
    • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.  (China)

     

    THIS AUTOMOTIVE MULTIPURPOSE ACTUATORS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

     

    1. What is the average cost per Global Automotive Multipurpose Actuators market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a Global Automotive Multipurpose Actuators market in the US, Europe and China?
    3. Cost breakup of a Global Automotive Multipurpose Actuators market and key vendor selection criteria
    4. Market share of Global Automotive Multipurpose Actuators market manufacturers and their upcoming products
    5. The most important planned Global Automotive Multipurpose Actuators market in next 2 years
    6. Details on network of major Global Automotive Multipurpose Actuators  market and pricing plans
    7. Cost advantage for OEMs who manufacture Global Automotive Multipurpose Actuators  market in-house
    8. 5 key predictions for next 5 years in Global Automotive Multipurpose Actuators  market
    9. Average B-2-B Global Automotive Multipurpose Actuators market price in all segments
    10. Latest trends in Global Automotive Multipurpose Actuators market, by every market segment
    11. The market size (both volume and value) of the Global Automotive Multipurpose Actuators  market in 2024-2030 and every year in between?
    12. Global production breakup of Global AUTOMOTIVE MULTIPURPOSE ACTUATORS market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Research Methodology
    4 Executive Summary
    5 Global Automotive Multipurpose Actuators Manufacturers Footprint- 2023
    6 5 Key Predictions of Global Automotive Multipurpose Actuators Manufacturers
    7 Average B-2-B Price of Automotive Multipurpose Actuator, By Region
    8 New Product Development in Automotive Multipurpose Actuator Market
    9 Percentage Penetration of Automatic Transmission, By Region
    10 Percentage Penetration of Automatic Transmission, By OEM
    11 Rise in EV Sales & its Impact on Automotive Multipurpose Actuator Market
    12 Global Electric Passenger Vehicle Forecast 2024-2030, By EV Type
    13 Percentage Split for Brushed & Brushless DC Motor in Electric Type Automotive Multipurpose Actuator
    14 Percentage Split for Embedded & Remote ECU in Electric Type Automotive Multipurpose Actuator
    15 Market Size, Dynamics and Forecast by Geography, 2024-2030
    16 Market Size, Dynamics and Forecast by Vehicle Type, 2024-2030
    17 Market Size, Dynamics and Forecast by Technology Type, 2024-2030
    18 Market Size, Dynamics and Forecast by Application Type, 2024-2030
    19 Competitive Landscape
    20 Market Share of Major Players – 2023
    21 Growth Strategy of Leading Players
    22 M&A in Past Few Years
    23   OEM - Supplier Alignment in Automotive Multipurpose Actuator Market
    24   Company profiles
    25   Unmet needs and opportunity for new vendors
    26   Conclusion
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