The automotive electric actuator market in North America is expected to grow at a CAGR of 13.89% till 2020. The countries from the North America region are expected to witness a considerable market growth in the global automotive electric actuators market by the end of 2020. Automotive actuators have evolved significantly from mechanical actuators to energy efficient electronic system. Electric actuators usually include intricate electrical circuit to program when the actuator operates. The trend in the North American automotive market is towards the technology advancement in the automotive actuators, to increase the efficiency and effectiveness of the various functional component in the vehicle. Increasing demand for luxury vehicles in the form of SUVs, Sedans, and MUVs in the US and Canada is a major propellant for the growth of automotive electric actuator market in North America region. The demand for fuel efficient vehicles in the light of the regulatory standards of CAFÉ, FMVSS has also driven the focus to replace the hydraulic components by the use of electric actuators.
The primary objective for the advent of automotive actuator is to reduce CO2 emissions from vehicles of all classes. The engine actuator products for instance, maximise the potential of modern engine management, offering consistency and improved performance. Fuel must be combined with air before it releases its energy. The resulting mix can then be ignited by using a carefully timed high-voltage spark, which then helps to burn the fuel more effectively and efficiently. In addition, compared with traditional hydraulic valves, the electrically actuated exhaust recirculation valves enable accurate control of the exhaust recirculation rates in diesel engines and direct injection gasoline engines, thereby making a critical contribution towards meeting stricter exhaust emission standards. Electric actuators are cost-effective than their hydraulic and pneumatic counterparts.
The electric actuators would continue to witness growth owing to the latest advancements in the form of mini electric actuators, digital linear actuators, idle speed controllers, which find their extensive application in the advanced driver assistance and automotive sensors systems. The component manufacturers aim to increase profit margin by strategically acquiring other small or regional component manufacturer to gain economies of scale in an otherwise cost pressure environment in manufacturing.
The market is segmented on the basis of application, vehicle type and geography. Among application type, fuel injection actuator generated the highest market with a share of 35% in 2015 and among the vehicle type, passenger cars due to their increased domestic demand and production in the region, would continue to dominate the market with more than 55% in the forecast period. Continental, Hella, Delphi, VDO, are some of the leaders in the global automotive actuator market.
WHAT THE REPORT OFFERS
1) Market Definition along with identification of key drivers and restraints for the market.
2) Market analysis with country specific assessments and competition analysis in the Electric actuators market of the North America region.
3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on the regional scale and at the country level.
4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
5) Identification and analysis of the Macro and Micro factors that affect the industry on both at the regional level and at the country level
1.1 Research Methodology
1.2 Key findings of the study
1.3 Report Description
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
3.2 New Developments in R&D/ Latest Technologies
4. MARKET DYNAMICS
4.4 Porter's Five Forces Analysis
5. MARKET SEGMENTATION
5.1 By Application Type (Market crackdown, trends and forecasts)
5.1.1 Throttle actuator
5.1.2 Fuel Injection actuator
5.1.3 Brake Actuator
5.2 By Vehicle Type ( (Growth, Trends and Forecasts)
5.2.1 Passenger Cars
5.2.2 Light Commercial Vehicles
5.2.3 Heavy Vehicles
5.3 By Geography (Country wise trends,by type, by application and by vehicle type)
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 Buehler Motor Inc.
7.3 Continental AG
7.4 CTS Corporation
7.5 CVEL Automotive Electronics
7.6 Delphi Automotive PLC
7.7 Denso Corporation
7.8 Firgelli Automations
7.9 Hella KGaA Hueck & Co
7.10 Hitachi, Ltd.
7.11 IAV Automotive Engineering
7.12 Johnson Electric Holdings Ltd.
7.13 Magneti Marelli S.P.A
7.14 Marsh Automation
7.15 Mitsubishi Electric Corporation
7.16 NOOK Industries, Inc.
7.17 Robert Bosch GmbH
7.18 TiMOTION Technology Co. Ltd
7.19 Valeo S.A.
7.20 Woco Tech USA, Inc.