Automotive Smart Actuator Market Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Automotive Smart Actuator Market: Introduction

Automotive smart actuators are innovative actuators, which work in synchronization with adjacent electronics and sensors to make dynamic adjustment to automotive systems. Automotive smart actuators have the ability to perform diagnostics and possess features of artificial intelligence, which include learning and memorizing things.

The automotive smart actuator market is likely to expand with the development of smart mobility and autonomous vehicles.

Automotive Smart Actuator Market: Competitive Landscape

Johnson Electric, NMB Technologies Corporation, Continental AG, Robert Bosch GmbH, Valeo S.A., Embitel, Rheinmetall Automotive AG, Cebi International S.A., and Mitsubishi Electric Corporation are key manufacturers of automotive smart actuators.

Johnson Electric

Established in 1959 and headquartered in Hong Kong, Johnson Electric has a wide product portfolio and provides solutions to a large number of industries, including automotive, building automation & security, business machines, aerospace & defense, food & beverages, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment, and power tools for electric components. It has more than 38,000 employees working across 23 countries.

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DENSO CORPORATION

DENSO CORPORATION was established in 1949 and is headquartered in Kariya, Aichi, Japan. The company operates through three major business segments: automotive, consumer products, and industrial products. Under the automotive segment, the company offers diverse products, including powertrain control systems, electronic systems, thermal systems, information & safety systems, and small motors. DENSO CORPORATION has over 171,992 employees across the globe.

Continental AG

Continental AG was established in 1871 and is headquartered in Hanover, Germany. Continental AG is a leading supplier of automotive components. The company operates through two major groups: automotive group and rubber group. These groups are further divided into various business verticals such as powertrain, chassis & safety, interior, tires, and services. The company has a global presence and operates through its offices in the Americas, Africa, Europe, and Middle East & Africa.

Robert Bosch GmbH

Robert Bosch GmbH was established in 1886 and is headquartered in Gerlingen, Germany. The company operates through four business segments: consumer goods (including household appliances and power tools), mobility (hardware and software), industrial technology (including drive and control), and energy and building technology. The company offers diverse products, including electric motor, brake shoes, lightings, and display systems under the mobility segment. The company manufactures various types of sensors and systems that enhance the safety of vehicles.

Valeo S.A.

Valeo S.A. was established in 1923 and is headquartered in Paris, France. Valeo S.A. is a leading supplier of automotive components. The company had over 113,600 employees in 2018. Valeo S.A. operates through more than 186 production units located across 33 countries worldwide. The company provides various solutions, such as driving assistance systems, powertrain systems, thermal systems, and visibility systems to the global automotive industry.

Automotive Smart Actuator Market: Dynamics

Development of Autonomous Vehicles

The automotive smart actuator market is anticipated to expand at a significant pace during the forecast period, owing to investments being made by major OEMs for the development of autonomous vehicles with focus on integration of intelligent components. Moreover, smart actuators reduce the number of components in a system as compared to a system equipped with conventional actuator, thus reducing the weight of the systems.

The development of smart mobility systems is anticipated to drive the automotive smart actuator market. Moreover, the expansion of electric vehicle market is projected to propel the market for automotive smart actuators, owing to the integration of a large number of electronic components in vehicles.

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