Market Size of North America Automotive Hydraulic Actuators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Automotive Hydraulic Actuators Market Analysis
Rising automation and digitalization in the automotive industry are increasing the demand for vehicles with advanced features and connectivity.
The modern passenger vehicle is equipped with several motors to control various applications such as headlight positioning, seat adjustment, grill shutter, HVAC systems, and coolant and refrigerant valves, among others. Actuators play a key role in activating these applications as they convert an electric signal into the required linear and rotary motion to produce the required physical movement.
With advancements in technology, autonomous vehicles are expected to install various actuators to enhance safety and comfort. The automotive actuators market is growing continuously due to the constant growth in production as well as sales of automobiles (passenger cars, LCVs, HCVs, and off-highway vehicles) across the globe. Sensors, software programs, controller hardware, and actuators are considered to be the backbone of the present and future automotive systems.
