Market Size of Automotive Pneumatic Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.58 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automotive Pneumatic Actuators Market Analysis
The automotive pneumatic actuator market is valued at USD 12.35 billion currently and is anticipated to reach to 15.44 billion by the end of the forecats period, registering a CAGR of over 4.58% during the forecast period.
- The growth of fuel-efficient vehicles and the inclusion of advanced driver assistance systems (ADAS), majorly braking and throttle systems (like adaptive cruise control (ACC) and autonomous emergency braking features), in new vehicles and existing vehicles, are the major driving factors for the automotive actuator market.
- Due to the increasing adoption and higher replacement rate of pure electric and electro-pneumatic actuators, the market for pneumatic actuators is projected to experience moderate growth, particularly in the passenger car segment.
- However, demand for automotive pneumatic actuators in the commercial vehicle segment is expected to grow due to increased production and sales of trucks and semi-trailers globally.
- The use of fuel injection actuators and throttle actuators in diesel engine vehicles helps comply with the Euro VI standard. The market for actuators for fuel injection that are directly related to diesel engines is expected to grow with the development of advanced diesel engines.
- Implementation of new safety regulations by governing bodies is anticipated to remain prominent market driving factor for the market. For insatnce, the European Union has mandated several ADAS features to implemented in newly sold vehicles. Similarly, several other countries are also expected to mandate several ADAS features in vehicles to enhance occupant and pedestrain safety. This is likely to have a positive impact on the market.
