Global Electric Vehicle Actuator Industry Expected To Reach Over $ 1.1 Billion By 2028

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DUBLIN, August 6, 2021 / PRNewswire / – The “Electric Vehicle Actuators Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type, Application and Vehicle Type” the report was added to ResearchAndMarkets.com offer.

The market for electric vehicle actuators is expected to grow by $ 585.61 in 2020 at US $ 1,164.71 million by 2028; it is estimated to increase at a CAGR of 8.97% from 2020 to 2028.

Automakers are investing in the adoption of chromogenic technology for the development of advanced automotive glass. The technology can dynamically change the transmittance of the sunroof. Chromogenic glazing technology can make an interior comfortable and adjustable according to the driver’s requirements and the fluctuating visual environment. This technology can provide excellent safety by virtually eliminating glare and reflections with an actuation system. It is one of the newest and most advanced technologies on the market, due to smaller sizes than commercial windows and lower lifespan (7 years is the average lifespan). Dynamic glazing systems have automatic, semi-automatic or manual switching capabilities, which require the integration of actuators for proper operation. The demand for switchable sunroof glazing is increasing nowadays. The most popular product is the electrochromic automotive rearview mirror, which is available in the cars of most major brands.

Based on the type, the electric actuator segment is expected to grow at the highest CAGR of the global electric vehicle actuator market during the forecast period. Electric actuators use an electric motor and a reducer to generate torque or force. Several technologies are used to design an electric actuator. The electric motor can use AC or DC power, synchronous design or asynchronous (squirrel cage) design. In addition, this actuator consists of gear systems which include a lug, worm screw and scotch yoke. Gear lubrication contains high strength grease applied to the surfaces of the gears or the oil filled transmission. Various accessories are available to signal and supervise the operating conditions and the state of the actuator. There is a wide variety of electric actuators available in the market, which are chosen based on different technologies, price, performance and quality.

Depending on the application, the market is segmented into HVAC, Headlights, Brakes, Grill Shutter, Mirrors, Hood, Trunk and others. Likewise, based on vehicle type, the market is segmented into Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle (PHEV), Hybrid Electric Vehicle (HEV) and Fuel Cell Electric Vehicle (FCEV). In terms of geography, in 2020, APAC was the fastest growing region. The increase in personal disposable income, coupled with economic growth, has resulted in increased sales of passenger cars and commercial vehicles in recent years. The region has become a global manufacturing hub due to the presence of a robust auto industry. Growing awareness of vehicle emissions, lower maintenance costs and lower operating costs, along with increasing government initiatives in the region are driving the adoption of electric vehicles, thus boosting the market for vehicle actuators. electric.

The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of electronic equipment, including the hardware component of electric vehicle actuators. The emergence of the COVID-19 virus around the world, followed by lockdown scenarios, has led industry experts to analyze that the industry would face at least a quarter of a delay in the equipment supply chain electronic. This disruption is expected to create tremors until mid-2021. The electronics and automotive industry is expected to gain momentum soon after governments around the world gradually lift various containment measures to boost the economy. The production of electronic and automotive equipment is expected to accelerate from 2021, which is further expected to have a positive influence on electronic equipment and automotive manufacturing, including hardware components for electric vehicle actuators.

Main topics covered:

1. Introduction

2. Key points to remember

3. Research methodology

4. Electric Vehicle Actuator Market Landscape
4.1 Market overview
4.2 PEST analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 AEM
4.2.5 SAM
4.3 Ecosystem analysis
4.4 Expert advice

5. Electric Vehicle Actuator Market – Key Industry Dynamics
5.1 Market drivers
5.1.1 Growing Adoption of Fuel Efficient Vehicles
5.1.2 Growing Demand for Advanced In-Vehicle Automation Systems
5.2 Market restrictions
5.2.1 Growing Scalability Issues and Capital Costs
5.3 Market opportunities
5.3.1 Electrochromic and switchable glass sunroof
5.4 Future trends
5.4.1 Increasing investments to acquire intra-vehicle connectivity data
5.5 Impact analysis of conductors and stresses

6. Electric Vehicle Actuator Market – Global Market Analysis
6.1 Electric Vehicle Actuators Market Overview
6.2 Electric Vehicle Actuators Market Forecast and Analysis
6.3 Market Positioning – Global Key Players

7. Electric Vehicle Actuators Market Revenue and Forecast to 2028 – Type
7.1 Overview
7.2 Electric Vehicle Actuators Market Split, by Vehicle Type, 2020 and 2028
7.3 Hydraulic actuator
7.3.1 Overview
7.3.2 Hydraulic Actuators Market Forecast and Analysis
7.4 Electric actuator
7.4.1 Overview
7.4.2 Electric Actuators Market Forecast and Analysis
7.5 Pneumatic actuator
7.5.1 Overview
7.5.2 Pneumatic Actuators Market Forecast and Analysis

8. Electric Vehicle Actuators Market Analysis – By Application
8.1 Overview
8.2 Electric Vehicle Actuators Market Split, by Application, 2020 and 2028
8.3 HVAC
8.3.1 Overview
8.3.2 HVAC Market Revenue and Forecast to 2028 (Million USD)
8.4 Headlights
8.4.1 Overview
8.4.2 Headlights Market Revenue and Forecast to 2028 (Million USD)
8.5 Brakes
8.5.1 Overview
8.5.2 Brakes Market Revenue and Forecast to 2028 (Million US $)
8.6 Grill shutter
8.6.1 Overview
8.6.2 Roller Shutters Market Revenue and Forecast to 2028 (Million US $)
8.7 Mirrors
8.7.1 Overview
8.7.2 Mirrors Market Revenue and Forecast to 2028 (Million USD)
8.8 Cover
8.8.1 Overview
8.8.2 Hoods Market Revenue and Forecast to 2028 (Million US $)
8.9 Trunk
8.9.1 Presentation
8.9.2 Trunk Market Revenue and Forecast to 2028 (Million US $)
8.10 Others
8.10.1 Presentation
8.10.2 Other Market Revenue and Forecast to 2028 (Million USD)

9. Electric Vehicle Actuators Market Revenue and Forecast to 2028 – Vehicle Type
9.1 Overview
9.2 Electric Vehicle Actuators Market Split, by Vehicle Type, 2020 and 2028
9.3 Battery electric vehicle (BEV)
9.3.1 Overview
9.3.2 Battery Electric Vehicle (BEV) Market Forecast and Analysis
9.4 Plug-in hybrid vehicle (PHEV)
9.4.1 Overview
9.4.2 Plug-in Hybrid Vehicles (PHEV) Market Forecast and Analysis
9.5 Hybrid electric vehicle (HEV)
9.5.1 Overview
9.5.2 Hybrid Electric Vehicle (HEV) Market Forecast and Analysis
9.6 Fuel cell electric vehicle (FCEV)
9.6.1 Overview
9.6.2 Fuel Cell Electric Vehicle (FCEV) Market Forecast and Analysis

10. Electric Vehicle Actuator Market – Geographic Analysis

11. Impact of the COVID-19 pandemic on the global electric vehicle actuator market
11.1 Overview
11.1.1 North America: Assessment of the impact of the COVID-19 pandemic
11.1.2 Europe: Assessment of the impact of the COVID-19 pandemic
11.1.3 Asia Pacific: Assessment of the impact of the COVID-19 pandemic
11.1.4 Middle East and Africa: Assessment of the impact of the COVID-19 pandemic
11.1.5 South America: Assessment of the impact of the COVID-19 pandemic

12. Industry landscape
12.1 Market initiative

13. Company profiles
13.1 BorgWarner Inc.
13.1.1 Key facts
13.1.2 Company description
13.1.3 Products and services
13.1.4 Financial overview
13.1.5 SWOT Analysis
13.1.6 Key developments
13.2 Mahle GmbH
13.2.1 Key facts
13.2.2 Company description
13.2.3 Products and services
13.2.4 Financial overview
13.2.5 SWOT Analysis
13.2.6 Key developments
13.3 Mitsubishi Electric Corporation
13.3.1 Key facts
13.3.2 Company description
13.3.3 Products and services
13.3.4 Financial overview
13.3.5 SWOT Analysis
13.3.6 Key developments
13.4 Hitachi, Ltd.
13.4.1 Key facts
13.4.2 Company description
13.4.3 Products and services
13.4.4 Financial overview
13.4.5 SWOT Analysis
13.4.6 Key developments
13.5 Nidec Company
13.5.1 Key facts
13.5.2 Company description
13.5.3 Products and services
13.5.4 Financial overview
13.5.5 SWOT Analysis
13.5.6 Key developments
13.6 Robert Bosch GmbH
13.6.1 Key facts
13.6.2 Company description
13.6.3 Products and services
13.6.4 Financial overview
13.6.5 SWOT Analysis
13.6.6 Key developments
13.7 Continental AG
13.7.1 Key facts
13.7.2 Company description
13.7.3 Products and services
13.7.4 Financial overview
13.7.5 SWOT Analysis
13.7.6 Key developments
13.8 HELLA GmbH and Co. KGaA
13.8.1 Key facts
13.8.2 Company description
13.8.3 Products and services
13.8.4 Financial overview
13.8.5 SWOT Analysis
13.8.6 Key developments
13.9 Johnson Electric Holdings Limited
13.9.1 Key facts
13.9.2 Company description
13.9.3 Products and services
13.9.4 Financial overview
13.9.5 SWOT Analysis
13.9.6 Key developments
13.10 Stoneridge, Inc.
13.10.1 Key facts
13.10.2 Company description
13.10.3 Products and services
13.10.4 Financial overview
13.10.5 SWOT Analysis
13.10.6 Key developments

14. Annex

For more information on this report, visit https://www.researchandmarkets.com/r/u8ligp

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