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Worldwide Automotive Electric Actuator Industry to 2027 - Strategic Recommendations for New Entrants


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According to this report, the Global Automotive Electric Actuator market accounted for $7.48 billion in 2019 and is expected to reach $13.84 billion by 2027 growing at a CAGR of 8.0% during the forecast period. The growing demand for in-vehicle comfort systems attributed to an increase in the command for a luxurious and comfortable ride is the major factor propelling market growth. However, the threat of failure of electric components in an electric actuator is hampering market growth.
Automotive electric actuators help in regulating engine inactive speed, engine torque, etc., which help raise the engine effectiveness and vehicle performance. This actuator is used to normally operate a multi-turn valve. Moreover, a mechanical brake is installed above the motor, which enables the actuator, to keep a check on the opening of the valve, and avoid the valve from getting opened completely when not r ....

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