South Korea Automotive Pneumatic Actuators Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
South Korea Automotive Pneumatic Actuators Market Analysis
The South Korea Automotive Pneumatic Actuator Market is anticipated a register a CAGR of over 4% during the forecast period (2020 - 2025).
- The growth of fuel-efficient vehicles and the inclusion of advanced driver assistance systems (ADAS), majorly braking and throttle systems (like adaptive cruise control (ACC) and autonomous emergency braking features), in new vehicles and existing vehicles, are the major driving factors for the automotive actuator market.
- Owing to the rising penetration and replacement rate of the pneumatic actuator with pure electric and electro-pneumatic actuators, the market studied is expected to grow at a slow rate, especially for the passenger car segment.
- However, demand for the automotive pneumatic actuator in the commercial vehicle segment is expected to grow due to an increase in production and sales of trucks and semi-trailers globally.
- The use of fuel injection actuators and throttle actuators in diesel engine vehicles help comply with the Euro VI standard. The market for actuators for fuel injection that are directly related to diesel engines is expected to grow with the development of advanced diesel engines.
South Korea Automotive Pneumatic Actuators Market Trends
This section covers the major market trends shaping the South Korea Automotive Pneumatic Actuators Market according to our research experts:
Growing Demand for Throttle Actuators
Conventional diesel engines implement sophisticated fuel management systems, such as integrated throttle control units. These engines are popular due to their increased efficiency, enhanced functionality, increased operational safety, and reduced carbon emissions.
Autonomous throttle control actuator is being implemented in the latest 2018 Audi A8 which consists of radar, electronic sensors, and cameras integrated to the actuators to control vehicle speed, without the driver having to pay attention or keep their hands on the wheel.
Advanced throttle actuators provide the ability to integrate control with other vehicle functions. These systems in SUVs allow the engine speed to be monitored for smooth driving over different terrains.
Products, such as the Electronic Throttle Control 12 by Continental, have high performance, low weight in a small package, low leakage, and are capable of turbo applications, due to their high torque.
Failures in throttle actuators systems have occurred, such as accidents reported in cars by Tesla and Toyota due to faulty sensors that may lead to a lack of response from the throttle actuators, due to high resistance to acceleration given by the driver.
South Korea to Dominate the Automotive Pneumatic Actuator Market in Asia-Pacific Region
Geographically, South Korea is leading the global Automotive Pneumatic Actuator Market.
In South Korea, commercial vehicle sales increased. This increase can be attributed to diesel vehicles meeting the emission standard, along with the rising demand for commercial vehicles. The increase in demand for commercial vehicles can be attributed to an increase in construction and industrial activity, road freight movement.
Some of the key players in the supply of automotive actuators globally are Denso International, Hella Automotive, Robert Bosch, Mitsuba Corporation.
The most prominent actuator application in the region is wiper motors, power window motors, door actuators, seat motors, and brake actuators. Rear door actuators and body actuators are the other types of actuators most commonly used in a passenger vehicle in the region.
Stringent emission rules by the government for the reduction of emission and fuel consumption are leading to the use of electric vehicles. This reduces the market for fuel-powered vehicles, in which actuators are used.
South Korea Automotive Pneumatic Actuators Industry Overview
The South Korea automotive pneumatic actuators market is fragmented. Some of the major manufacturers in the automotive actuator market include Bosch Rexroth AG, Nidec Corporation, Denso Corporation, Emerson Electric Co, SMC Corporation of America, amongst others.
The demand for advanced actuator products among the buyers is compelling the major manufacturers to invest in R&D activities.
South Korea Automotive Pneumatic Actuators Market Leaders
-
Bosh Rexroth AG
-
Nidec Corporation
-
Denso Corporation
-
SMC Corporation Of America
-
Emerson Electric Co
*Disclaimer: Major Players sorted in no particular order
South Korea Automotive Pneumatic Actuators Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Assumptions
-
1.2 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Market Drivers
-
4.2 Market Restraints
-
4.3 Porters Five Force Analysis
-
4.3.1 Threat of New Entrants
-
4.3.2 Bargaining Power of Buyers/Consumers
-
4.3.3 Bargaining Power of Suppliers
-
4.3.4 Threat of Substitute Products
-
4.3.5 Intensity of Competitive Rivalry
-
-
-
5. MARKET SEGMENTATION
-
5.1 Application Type
-
5.1.1 Throttle Actuators
-
5.1.2 Fuel Injection Actuators
-
5.1.3 Brake Actuators
-
5.1.4 Others
-
-
5.2 Vehicle Type
-
5.2.1 Passenger Cars
-
5.2.2 Commercial Vehicle
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Vendor Market Share
-
6.2 Company Profiles
-
6.2.1 ASCO Valve Inc
-
6.2.2 Continental AG
-
6.2.3 CTS Corporation
-
6.2.4 Sahrader Ducan Limited
-
6.2.5 Delphi Automotive PLC
-
6.2.6 Denso Corporation
-
6.2.7 Numatics Inc
-
6.2.8 Hitachi Ltd
-
6.2.9 Roert Bosch GmbH
-
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Korea Automotive Pneumatic Actuators Industry Segmentation
South Korea Automotive Pneumatic Actuator Market report contains the latest trends and technological developments in the market and demand by Application Type and By Vehicle Type.
| Application Type | |
| Throttle Actuators | |
| Fuel Injection Actuators | |
| Brake Actuators | |
| Others |
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicle |
South Korea Automotive Pneumatic Actuators Market Research FAQs
What is the current South Korea Automotive Pneumatic Actuators Market size?
The South Korea Automotive Pneumatic Actuators Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in South Korea Automotive Pneumatic Actuators Market?
Bosh Rexroth AG, Nidec Corporation, Denso Corporation , SMC Corporation Of America and Emerson Electric Co are the major companies operating in the South Korea Automotive Pneumatic Actuators Market.
What years does this South Korea Automotive Pneumatic Actuators Market cover?
The report covers the South Korea Automotive Pneumatic Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Automotive Pneumatic Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Korea Automotive Pneumatic Actuators Industry Report
Statistics for the 2024 South Korea Automotive Pneumatic Actuators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Automotive Pneumatic Actuators analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
