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Automotive Electro-Hydraulic System Market Size

Report ID: GMI12010
Published Date: Oct 2024
Report Format: PDF

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Automotive Electro-Hydraulic System Market Size

The global automotive electro-hydraulic system market was valued at USD 9.5 billion in 2023 and is projected to grow at a CAGR of 7.9% between 2024 and 2032. The increasing adoption of autonomous and semi-autonomous vehicles is a significant driver for the market. These systems offer the responsiveness and precision necessary for advanced driver assistance systems (ADAS), such as automatic emergency braking and lane-keeping assist. As vehicle autonomy advances, the need for electronically controlled hydraulic systems capable of smooth, real-time adjustments becomes critical.

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For instance, in August 2024, an autonomous vehicle software provider secured its third U.S. commercial deployment, partnering with Beep Inc. to service a community in California. This collaboration involves the deployment of the Oxa Driver software on Beep’s autonomous shuttles as part of a pilot program organized by the Contra Costa Transportation Authority. The initiative focuses on autonomous shared mobility, with the goal of enhancing public transportation solutions in the area through innovative self-driving technology. This trend is particularly evident in regions where autonomous vehicle testing and deployment are progressing rapidly, creating demand for high-performance systems that provide precise control in dynamic driving environments.

Automotive Electro-Hydraulic System Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Electro-Hydraulic System Market Size in 2023:	USD 9.5 billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.9%
2032 Value Projection:	USD 18.6 billion
Historical Data for:	2021 - 2023
No. of Pages:	150
Tables, Charts & Figures:	180
Segments covered:	Component, Application, Sales Channel, Vehicle
Growth Drivers:	Increased demand for fuel efficiency and performance optimization Rising adoption of ADAS and electric vehicles globally Integration of electro-hydraulics with autonomous driving systems Enhancements in vehicle safety and precision control technologies
Pitfalls & Challenges:	High initial investment and system complexity Compatibility issues with legacy automotive platforms

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The automotive electro-hydraulic system market is experiencing growth due to increasingly stringent vehicle safety regulations worldwide. Governments are enforcing advanced safety standards that necessitate sophisticated braking and steering systems. Electro-hydraulic systems provide the precision and responsiveness required to meet these regulatory demands, particularly in electric and hybrid vehicles where traditional hydraulic systems may be less efficient. The focus on enhancing vehicle safety and stability is prompting automakers to adopt electro-hydraulic systems, which improve vehicle control under various driving conditions, contributing to market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market size for automotive electro-hydraulic system was valued at USD 9.5 billion in 2023 and is projected to reach USD 18.6 billion by 2032, driven by a CAGR of 7.9% from 2024 to 2032.

The passenger car segment held 62% of the market share in 2023, driven by the rising consumer demand for advanced driving technologies that improve safety and comfort.

China accounted for over 35% of the market share in the Asia Pacific region in 2023, driven by its leadership in electric vehicle production and adoption.

Major players in the industry include Bosch, Continental, Denso, FTE Automotive, JTEKT, Nexteer Automotive, NSK, Schaeffler, WABCO, and ZF.