South Korea Automotive Pneumatic Actuators Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The South Korea Automotive Pneumatic Actuator Market is segmented By Application Type (Throttle Actuator, Fuel Injection Actuator, Brake Actuator, and Others), and By Vehicle Type (Passenger Cars and Commercial Vehicles)

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South Korea Automotive Pneumatic Actuators Industry Overview

South Korea Automotive Pneumatic Actuators Market
Study Period: 2018 - 2028
CAGR: > 4 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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South Korea Automotive Pneumatic Actuators Market Analysis

The South Korea Automotive Pneumatic Actuator Market is anticipated a register a CAGR of over 4% during the forecast period (2020 - 2025).

  • 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.
  • Owing to the rising penetration and replacement rate of the pneumatic actuator with pure electric and electro-pneumatic actuators, the market studied is expected to grow at a slow rate, especially for the passenger car segment.
  • However, demand for the automotive pneumatic actuator in the commercial vehicle segment is expected to grow due to an increase in production and sales of trucks and semi-trailers globally.
  • The use of fuel injection actuators and throttle actuators in diesel engine vehicles help 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.

South Korea Automotive Pneumatic Actuators Industry Segments

South Korea Automotive Pneumatic Actuator Market report contains the latest trends and technological developments in the market and demand by Application Type and By Vehicle Type.

Application Type
Throttle Actuators
Fuel Injection Actuators
Brake Actuators
Others
Vehicle Type
Passenger Cars
Commercial Vehicle

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South Korea Automotive Pneumatic Actuators Market Trends

This section covers the major market trends shaping the South Korea Automotive Pneumatic Actuators Market according to our research experts:

Growing Demand for Throttle Actuators

Conventional diesel engines implement sophisticated fuel management systems, such as integrated throttle control units. These engines are popular due to their increased efficiency, enhanced functionality, increased operational safety, and reduced carbon emissions.

Autonomous throttle control actuator is being implemented in the latest 2018 Audi A8 which consists of radar, electronic sensors, and cameras integrated to the actuators to control vehicle speed, without the driver having to pay attention or keep their hands on the wheel.

Advanced throttle actuators provide the ability to integrate control with other vehicle functions. These systems in SUVs allow the engine speed to be monitored for smooth driving over different terrains.

Products, such as the Electronic Throttle Control 12 by Continental, have high performance, low weight in a small package, low leakage, and are capable of turbo applications, due to their high torque.

Failures in throttle actuators systems have occurred, such as accidents reported in cars by Tesla and Toyota due to faulty sensors that may lead to a lack of response from the throttle actuators, due to high resistance to acceleration given by the driver.

South Korea Automotive Pneumatic Actuators Market

South Korea to Dominate the Automotive Pneumatic Actuator Market in Asia-Pacific Region

Geographically, South Korea is leading the global Automotive Pneumatic Actuator Market. 

In South Korea, commercial vehicle sales increased. This increase can be attributed to diesel vehicles meeting the emission standard, along with the rising demand for commercial vehicles. The increase in demand for commercial vehicles can be attributed to an increase in construction and industrial activity, road freight movement.

Some of the key players in the supply of automotive actuators globally are Denso International, Hella Automotive, Robert Bosch, Mitsuba Corporation.

The most prominent actuator application in the region is wiper motors, power window motors, door actuators, seat motors, and brake actuators. Rear door actuators and body actuators are the other types of actuators most commonly used in a passenger vehicle in the region.

Stringent emission rules by the government for the reduction of emission and fuel consumption are leading to the use of electric vehicles. This reduces the market for fuel-powered vehicles, in which actuators are used.

South Korea Automotive Pneumatic Actuators Market

South Korea Automotive Pneumatic Actuators Market Competitor Analysis

The South Korea automotive pneumatic actuators market is fragmented. Some of the major manufacturers in the automotive actuator market include Bosch Rexroth AG, Nidec Corporation, Denso Corporation, Emerson Electric Co, SMC Corporation of America, amongst others.

The demand for advanced actuator products among the buyers is compelling the major manufacturers to invest in R&D activities.

South Korea Automotive Pneumatic Actuators Market Top Players

  1. Bosh Rexroth AG

  2. Nidec Corporation

  3. Denso Corporation

  4. SMC Corporation Of America

  5. Emerson Electric Co

*Disclaimer: Major Players sorted in no particular order

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South Korea Automotive Pneumatic Actuators Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application Type

      1. 5.1.1 Throttle Actuators

      2. 5.1.2 Fuel Injection Actuators

      3. 5.1.3 Brake Actuators

      4. 5.1.4 Others

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicle

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 ASCO Valve Inc

      2. 6.2.2 Continental AG

      3. 6.2.3 CTS Corporation

      4. 6.2.4 Sahrader Ducan Limited

      5. 6.2.5 Delphi Automotive PLC

      6. 6.2.6 Denso Corporation

      7. 6.2.7 Numatics Inc

      8. 6.2.8 Hitachi Ltd

      9. 6.2.9 Roert Bosch GmbH

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South Korea Automotive Pneumatic Actuators Market Research FAQs

The South Korea Automotive Pneumatic Actuators Market is studied from 2018 - 2028.

The South Korea Automotive Pneumatic Actuators Market is growing at a CAGR of >4% over the next 5 years.

Bosh Rexroth AG, Nidec Corporation, Denso Corporation , SMC Corporation Of America, Emerson Electric Co are the major companies operating in South Korea Automotive Pneumatic Actuators Market.

South Korea Automotive Pneumatic Actuators Industry Reports

In-depth industry statistics and market share insights of the South Korea Automotive Pneumatic Actuators Market sector for 2020, 2021, and 2022. The South Korea Automotive Pneumatic Actuators Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the South Korea Automotive Pneumatic Actuators Market report PDF.

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