The Indian market for automotive actuators is estimated to grow with an estimated CAGR of 13.75% over the forecasted period. This hike in growth is mainly due to India emerging as an automotive component manufacturing hub, sourcing to countries such as US and Germany. Further, major automakers such as Daimler, Ford, Nissan, Volkswagen, Suzuki etc have established their production bases in India, turning the country as a cheap and strategic production and assembly site in the Asia-Pacific region.
The spiked production capacities of automobile manufacturing in the country is expected to drive the automakers to source the actuator systems from within the country. Hella India Automotive Pvt. Ltd, Rotork, Helical Auto Technology India, NOOK IndustriesInc., and Robert Bosch GmbH are some of the key players in the manufacture of these systems.
The market for electric actuators and hybrid of electric and hydraulic actuators is expected to grow at a higher CAGR over the coming 5 years, owing to the latest advancements such as mini electric actuators. These mini electric actuators find their extensive application in the advanced driver assistance and automotive sensors systems. Increasing population in India and a subsequent spike in the vehicle owning households spiked up demand for fuel-efficient vehicles. Engine-downsizing trends, stringent IRAI regulations for reduction of emissions and fuel consumption from the automotive industry are some of the major factors that are driving the market for automotive actuators in India.The market was segmented based on the latest technologies:
Actuators have been employed in automobiles for long in converting source energy into motion, in short acting as a trigger for an action. With latest technological advancements all across, even this trigger component got upgraded from time to time, in order to the catch up with the growing parent industry.
High-response, high-thrust, electrically driven ball screw actuator developed by NTN in 2009 was one notable break through development for this component and from there after several other companies focused on coming up with better actuators. Materials supplier Evonik employed Vestamid HTplus Polypthalamide (PPA) grade in the latest waste date actuator series from Hella KGaA Hueck & Co., which control the flow of gas inside turbo chargers and combines high temperature resistance, good mechanical properties and chemical resistance. APC International Ltd., developed Peizo auto actuators that are maintenance free and can be operated billions of times without deterioration. Helix Linear Technologies came up with mini electric linear actuators that pose a potential application in tight, compact spaces, like an automotive headlight mount.
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1. INTRODUCTION
1.1 Research Methodology
1.2 Key findings of the study
1.3 Report Description
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
3.1 Introduction
3.2 New Developments in R&D/ Latest Technologies
4. MARKET DYNAMICS
4.1 Drivers
4.2 Constraints
4.3 Opportunities
4.4 Porter's Five Forces Analysis
5. MARKET SEGMENTATION
5.1 By Type (Growth, Innovations and Durability)
5.1.1 Hydraulic actuator
5.1.2 Pneumatic actuator
5.1.3 Electric actuator
5.1.4 Others
5.2 By Application Type (Market crackdown, trends and forecasts)
5.2.1 Throttle actuator
5.2.2 Fuel Injection actuator
5.2.3 Brake Actuator
5.2.4 Others
5.3 By Vehicle Type ( (Growth, Trends and Forecasts)
5.3.1 Passenger Cars
5.3.2 Light Commercial Vehicles
5.3.3 Heavy Vehicles
5.3.4 Others
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies in the past five years
6.5 Market Share Analysis
7. COMPANY PROFILES
7.1 APC International, Ltd.
7.2 Continental AG
7.3 CTS Corporation
7.4 Delphi Automotive PLC
7.5 Denso Corporation
7.6 Hella KGaA Hueck & Co
7.7 Hitachi, Ltd.
7.8 IAV Automotive Engineering
7.9 Johnson Electric Holdings Ltd.
7.10 Magneti Marelli S.P.A
7.11 Mitsubishi Electric Corporation
7.12 NOOK Industries, Inc.
7.13 Robert Bosch GmbH
7.14 Valeo S.A.