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Automotive Electric Actuators Market Trends

  • Report ID: GMI12631
  • Published Date: Dec 2024
  • Report Format: PDF

Automotive Electric Actuators Market Trends

The act-by-wire and brake-by-wire systems are emerging trends in the automotive industry, driven by the demand for more efficient, flexible, and safer vehicle designs. These systems replace traditional mechanical linkages with electronic controls, offering improved precision, reduced weight, and more design flexibility. Brake-by-wire enhances braking performance by transmitting signals electronically, reducing mechanical parts and enabling more compact and efficient designs.
 

Act-by-wire technologies, such as steer-by-wire, allow for customizable user experiences, making them ideal for autonomous and electric vehicles. Both technologies contribute to reducing vehicle weight, improving safety features, and supporting advanced functionalities like autonomous driving. As these systems gain traction, they are expected to play a central role in the future of automotive design, particularly in electric and autonomous vehicles. ?
 

For instance, in January 2024, Bosch's Vehicle Motion Management division was launched which integrates technologies from braking, steering, motion software, occupant protection systems, and vehicle dynamics sensors. This division offers innovative solutions such as act-by-wire and brake-by-wire systems, transforming driving experiences by enhancing safety, comfort, and efficiency. Key innovations include Vehicle Motion Management software for controlling vehicle motion in six degrees of freedom, eBrake to Zero for smooth braking, and data-based services for hazard detection.
 

In Bosch's Vehicle Motion Management division, actuators play a pivotal role in enhancing vehicle dynamics, safety, and comfort. The division integrates various actuators, including act-by-wire and brake-by-wire systems, which replace traditional mechanical connections with electronic signal lines. These actuators allow for precise control over vehicle functions such as steering, braking, and suspension.
 

One significant challenge in the automotive electric actuators market is the high cost and complexity of integration. The adoption of advanced electric actuators, such as brake-by-wire and act-by-wire systems, requires significant investment in research, development, and specialized manufacturing processes. Integrating these systems into existing vehicle architectures can be complex, as it demands compatibility with a wide range of vehicle components, sensors, and control software. Additionally, the cost of these technologies remains high, limiting their widespread adoption, especially in mass-market vehicles. This challenge is particularly pressing for automakers looking to balance innovation with cost-efficiency?.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive electric actuators reached USD 25.7 billion in 2024 and is set to grow at a 6.1% CAGR from 2025 to 2034, driven by the increasing adoption of electric vehicles (EVs) globally.

In 2024, the passenger segment accounted for over 80% of the market share and is expected to exceed USD 35 billion by 2034, due to the widespread use of passenger vehicles and the increasing demand for advanced features like driver assistance systems, comfort enhancements, and safety features.

China's market accounted for 60% of the revenue share in 2024 and is expected to exceed USD 10 billion by 2034, led by its strong manufacturing base, rapid EV adoption, and substantial government support for green technologies.

The key players in the industry include BorgWarner, Continental, Denso, Hella, Hitachi Astemo, Johnson Electric, Robert Bosch, Schaeffler, Valeo, and ZF Friedrichshafen.

Automotive Electric Actuators Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 22
  • Pages: 180
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