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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Automotive Actuators Market.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Automotive Actuators Market."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Automotive Actuators Market is set to see healthy CAGR during 2019 to 2025: Global Market Insights, Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The Asia Pacific automotive actuators market is expected to grow rapidly owing to high production capabilities in the automotive sector. China, Japan, and India are witnessing high demand for passenger cars supporting the industry growth. Autonomous cars are gaining high popularity in this region owing to safety and technically advanced features supported by sensors and actuators.  In 2017, Singapore introduced an amendment to its Road Traffic Act that granted permission for self-driving vehicles to be tested on public roads. Prominent players in the U.S. are heavily investing in autonomous car development, further creating the demand for these components. For instance, in April 2019, Tesla announced Robotaxi, a fully- autonomous taxi which will be road ready by the end of 2019. High implementation of actuators in the autonomous driving systems will support their demand, further leading to the market expansion. Regional Analysis of Automotive Actuators Market :

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of Automotive Actuators Market :  The throttle application in the automotive actuators market is expected to grow rapidly due to the implementation in proportionate throttle operations. Such integrations provide features, such as traction control, stability control, cruise control, and high performance, of the vehicle. Fuel injection application involves smooth flow of fuel to the engine, which supports in increasing fuel economy of vehicles. The function of fuel injector with throttle actuator and electronic control unit support in enhancing the vehicle performance. The growing usage of these components to enhance performance and gain high fuel economy in vehicles is supporting the automotive actuators market growth.  Passenger cars are gaining high traction in the automotive actuators market owing to the increased need of safety features. Increasing road fatalities across the globe led to the implementation of these components to enhance safety, thereby supporting the industry growth. For instance, according to the National Highway Traffic Safety Administration, approximately 40,000 people were killed in road fatalities in the U.S. in 2017.

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The market players of automotive actuators are adopting growth strategies, such as M&A, collaborations, and investing in R&D activities, to launch new & innovative products to strengthen the product portfolio. For instance, in November 2018, Nidec Corporation announced the launch of new thin actuators that combine motor and gearbox technologies into a compact & flat drive unit providing better utilization of space. In August 2018, Sonceboz SA announced the launch of its new-generation valve actuators, which ensure reliability and precision independent of the oil circuit.  Players operating in the automotive actuators market are Hella KGaA Hueck & Co., Aptiv PLC, Robert Bosch GmbH, Wabco Holdings Inc., Denso Corporation, Mitsubishi Electric Corporation, Continental AG, Nidec Corporation, and Sonceboz SA. Competitive Market Share of Automotive Actuators Market :

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Automotive Actuators Market @ http://bit.ly/2Zl1k3R http://bit.ly/2Zl1k3R Request for an in-depth table of contents for this report @ http://bit.ly/2SQ5UF2 http://bit.ly/2SQ5UF2 Console Market

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