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Base Year: 2024
Companies covered: 20
Tables & Figures: 200
Countries covered: 22
Pages: 180
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Automotive Electric Actuators Market
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Automotive Electric Actuators Market Size
The global automotive electric actuators market was valued at USD 25.7 billion in 2024 and is projected to grow at a CAGR of 6.1% between 2025 and 2034. The booming market of electric vehicles has increased the adoption of automotive electric actuators. Since governments around the world are enforcing stringent emission regulations for car manufacturers, the use of electric actuators has risen as they improve energy efficiency and lower carbon footprints.
Such actuators perfectly function in vehicle systems completing the duties of throttle control, regenerative braking, active aerodynamics, and much more. The innovation of autonomous vehicles has also increased demand for dependable actuator systems which are able to perform important vehicle functions. The market for electric actuators has also been boosted by the globalization demand for parts which are lightweight and able to save power.
In 2023, the GMI hybrid electric vehicle conversion kit was valued at USD 344.3 million and is projected to grow at a CAGR rate of 15% from between 2024 and 2032. More countries are making the switch to hybrid and electric vehicles, which will result in a higher demand for automotive electric actuators that cater to the production of EVs.
An increase in the need for advanced driver-assistance systems (ADAS) has also accelerated the growth of the automotive actuators market. Despite having adaptive cruise controls and parking assist, it is the actuators which control the subsystems of the vehicle.
Due to the elevation is safety requirements and comfort expectations by the consumers, these systems are easily starting to become a requirement for modern cars. The inclusion of safety rules requiring endorsements in vehicles increases the use of actuators in the ADAS systems too.
Automotive Electric Actuators Market Trends
The act-by-wire systems and brake-by-wire systems are possible innovations in the automotive industry and are evolving due to the need for more efficient, flexible, and safer vehicle designs. Such systems remove traditional mechanical linkages, replacing them with electronic controls which in turn allow more flexibility in designs due to the reduced weight and increased precision. In order to boost braking function, the mechanical components are substituted with Electronic signals using the brake-by-wire technology. The steer by wire and other act by wire technologies allow for individualized experiences, hence why they are desired for electric and autonomous cars.
With these systems, the reduction in the weight of vehicles is achieved, as well as making safety features better and advancing functionality such as autonomous driving. Hence, as these systems gain acceptance among consumers, they are anticipated to be at the core of the changes that electric cars and autonomous cars are going to bring.
As an illustration, Bosch’s Vehicle Motion Management division was able to start up in the year, January of 2024. This division embraces all matters concerning the aspects of braking, steering, motion software, occupant protection systems, and vehicle dynamics sensors. Such division has remarkable products such as act-by-wire and brake-by-wire systems.
This invention changes the way people drive, first creating a more secure vehicle, more comfortable for the user, and making the vehicle more efficient. Notable innovations include Vehicle Motion Management software, which is meant to control the movement of a vehicle in six different degrees of freedom, eBrake to Zero for smooth braking, and various scratch and data-based services for hazard detection.
In the Bosch Vehicle Motion Management Division, Bosch recalls the need for actuators in order to improve vehicle dynamics, safety, and comfort. The division employs diverse actuators, which include act-by-wire and brake-by-wire systems that eliminate traditional mechanical linkages with electronic signal lines. With these actuators, it becomes possible to accurately manage and control such functions of the vehicle as steering, braking, and suspension.
One significant barrier to growth in the automotive electric actuators market is the cost of integration and complexity associated with it. The advanced electric actuators, brake-by-wire and act-by-wire systems, among others, are required to be incorporated but demand substantial costs in research, development, and unique production. Moreover, it is hard to integrate the systems within the vehicle, as it has to be able to work with multiple vehicle parts, sensors, and software controllers.
Most importantly, the price of such technologies is high, thus stifling their adoption, especially in mass-market vehicles. To stay within cost or to keep things affordable for the customers, this problem comes into the limelight for most automakers as they try to push new solutions in their vehicles?.
Automotive Electric Actuators Market Analysis
Automotive Electric Actuators Market Share
Automotive Electric Actuators Market Companies
Major players operating in the automotive electric actuators industry are:
The growth of the automotive electric actuators market is substantially steered by the need to achieve advanced vehicle automatization and energy efficiency. The OEMs then augment the development of novel and robust integration of lightweight actuators necessary for HVAC, throttle and active grille shutters.
Smart actuators fitted with, sensors and connectivity features are emerging, these Leia and help the passively and actively adjust to real time conditions thus optimizing the vehicle and passenger performance and comfort. The trend towards electrification of THVD is increasing and the manufacturers are responding by designing diversifying actuators meant for electric and hybrid vehicles. Commercial engagement with OEMs and global regulatory compliance enable market participants to address the ever increasing needs for eco-friendly high performance automotive solutions.
Automotive Electric Actuators Industry News
The automotive electric actuators market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and volume (Units) from 2021 to 2034, for the following segments:
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Market, By Application
Market, By Vehicle
Market, By Sales Channel
The above information is provided for the following regions and countries: