How big is the Automotive Actuators Market?

The Automotive Actuators Market size is expected to reach USD 21.10 billion in 2024 and grow at a CAGR of 5.5% to reach USD 27.58 billion by 2029. Read More

What is the current Automotive Actuators Market size?

In 2024, the Automotive Actuators Market size is expected to reach USD 21.10 billion. Read More

Who are the key players in Automotive Actuators Market?

Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Mitsubishi Electric Corporation and Continental AG are the major companies operating in the Automotive Actuators Market. Read More

Which is the fastest growing region in Automotive Actuators Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Actuators Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Actuators Market. Read More

What years does this Automotive Actuators Market cover, and what was the market size in 2023?

In 2023, the Automotive Actuators Market size was estimated at USD 19.94 billion. The report covers the Automotive Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Actuators Market Share

Statistics for the 2023 & 2024 Automotive Actuators market share, created by Mordor Intelligence™ Industry Reports. Automotive Actuators share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Actuators Industry

The automotive actuators market is dominated by several key players, such as Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric, and Aptiv PLC, which have captured significant shares in the market. Several key manufacturers are expanding their manufacturing facilities across the region to enhance their product portfolio, which is likely to boost the market’s growth during the forecast period. For instance,

In September 2023, Marelli introduced a new range of multipurpose smart actuators for electric cars designed to simplify complex vehicle functions' actuation.
In June 2023, KOSTAL Group invested USD 53.86 million to produce the latest SAC (Smart Actuator Charging) technologies and charging systems for the Volkswagen Group.
In September 2022, Knorr-Bremse AG introduced a product portfolio for the e-mobility transformation at IAA Transportation. Knorr-Bremse set up an e-mobility innovation unit called eCUBATOR. Key technologies include energy management systems, electromechanical actuators, additional drive and powertrain integration functions, and electronic braking systems.