Global Automotive Lighting Actuators Market, By Vehicle Type (Passenger Vehicle, Heavy Commercial Vehicle, Light Commercial Vehicle), Product Type (Type S Automotive Lighting Actuators, Type E Automotive Lighting Actuators, Type M Automotive Lighting Actuators), Distribution Channel (Original Equipment Manufacturers, Aftermarket), Application Type (Throttle Actuator, Fuel Injection Actuator, Brake Actuator), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Automotive lighting actuators market will grow at a CAGR of 8.00% in the forecast period of 2021 to 2028. Rising demand for automotive lighting actuators in modern-day vehicles is an essential factor driving the automotive lighting actuators market.
An actuator is a type of device which takes in the energy supplied to it in the form of electrical, mechanical or kinetic energy and converts this energy into force or motion. The output force which is created is proportional to the input energy provided to this device. The actuator receives a signal that initiates the conversion of electrical energy into a proportionate mechanical force by the actuator. The most common type of actuator which is used in the industrial sector is the airtight cylinder that uses the stored energy of the compressed air that helps in moving the piston as soon as the air is released or the pressure on the air reduces reducing the compression ratio. They are responsible for converting the electrical signals that are provided from the central control unit into a tangible action and also help in regulating engine idle speed, engine flywheel rotations, and engine torque among others which help in increasing the engine efficiency and the vehicle performance.
Rise in the demand for advanced automation systems is a crucial factor accelerating the market growth, also increasing production of automotive equipment with increasing sale in China, increasing recent technological advancement in the automotive industry such as the advanced driver assistance system among others, rising demand for fuel-efficient vehicles in emerging economies and numerous benefits of actuators such as compact and lightweight design and comfort features, increasing demand for advanced actuator products, among the buyers, is compelling the major manufacturers to invest in research and development activities, which in turn increases the market growth and increase in the sales of SUVs and premium vehicles at the global level are the major factors among others boosting the automotive lighting actuators market. Moreover, rising extensive array of applications employing the use of actuators, increasing stringent government regulations for fuel efficient vehicles in developing nations and increasing growth in luxury vehicle sales will further create new opportunities for automotive lighting actuators market in the forecast period mentioned above.
However, rising low preference for diesel passenger cars is the vital factor among others which will curtail the market growth, while increasing labor expense in low-cost manufacturing countries and increasing weight and cost reduction will further challenge the automotive lighting actuators market in the forecast period mentioned above.
This automotive lighting actuators market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive lighting actuators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Lighting Actuators Market Scope and Market Size
Automotive lighting actuators market is segmented on the basis of vehicle type, product type, distribution type and application type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of vehicle type, the automotive lighting actuators market is segmented into passenger vehicle, heavy commercial vehicle and light commercial vehicle.
- Based on product type, the automotive lighting actuators market is segmented into type S automotive lighting actuators, type E automotive lighting actuators and type M automotive lighting actuators.
- Based on distribution type, the automotive lighting actuators market is segmented into original equipment manufacturers and aftermarket.
- The automotive lighting actuators market is also segmented on the basis of application type into throttle actuator, fuel injection actuator, and brake actuator.
Automotive Lighting Actuators Market Scope Country Level Analysis
Automotive lighting actuators market is analysed and market size, volume information is provided by country, vehicle type, product type, distribution type and application type as referenced above.
The countries covered in the automotive lighting actuators market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive lighting actuators market due to increasing sales of both passenger cars and commercial vehicles, domestic concentration of manufacturing plants, and people buying more vehicles due to rise in the disposable income in this region.
The country section of the automotive lighting actuators market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Lighting Actuators Market Share Analysis
Automotive lighting actuators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive lighting actuators market.
The major players covered in automotive lighting actuators market report are Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, BorgWarner Inc., Thermotion, DENSO CORPORATION, HELLA GmbH & Co. KGaA, Actus, Continental AG, Dover Flexo Electronics, MinebeaMitsumi Group, HOERBIGER Elektronik GmbH, Robert Bosch GmbH, Sonceboz, NIDEC CORPORATION, WABCO Holdings, Stoneridge, Aptiv. and Hitachi Automotive Systems, Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.