Automotive Actuators Market Size & Share Analysis - Growth Trends & Forecasts (2023–2028)

 The estimated size of the Automotive Actuators market was USD 22.8 billion in 2020, with a projected growth rate of 8.9% CAGR, expected to reach USD 38.3 billion by 2026.

The rapid surge in the usage of actuators in the automotive sector is attributed to technological advancements, notably the proliferation of autonomous vehicles and Advanced Driver Assistance Systems (ADAS). These advancements include features like adaptive cruise control (ACC), automated brake assist, lane keep assist, among others, significantly increasing the application of actuators in modern vehicles.

The cost of BLDC actuators is poised for a reduction due to declining electronic prices, likely leading to their increased deployment across diverse automotive applications.

There's a notable demand for fuel-efficient vehicles driving interest in advanced actuator products. This demand surge prompts major manufacturers to invest in Research and Development initiatives. For example, Kierkert AG recently introduced a new charging-plug actuator for plug-in hybrid vehicles.

Market Trends in Automotive Actuators:

Accelerated Growth in Seat Adjustment

The continuous growth in sales of both passenger and commercial vehicles has spurred original equipment manufacturers (OEMs) to prioritize interiors, aiming to enhance passenger safety and comfort. Actuators play a pivotal role in this endeavor, particularly in making seats smarter and more comfortable.

Actuators are instrumental in various seat adjustments, handling tasks like lumbar support system adjustments, seat positioning, angle adjustments, and seat track functionalities. Multiple types of automotive seat adjustment actuators are available, including geared motors for recliner adjustments, dual output shafts for track drives, and linear actuators for height and tilt adjustments, among others.

The increasing global sales of SUVs and premium vehicles have contributed to the expansion of the seat adjustment actuator segment within the market. OEMs have increasingly relied on electronic systems to control nearly every aspect of vehicles, aiming to elevate the passenger experience.

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