Automotive Actuators Market Share

Market Share of Automotive Actuators Industry

The automotive actuators market is dominated by several key players, such as Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric, and Aptiv PLC, which have captured significant shares in the market. Several key manufacturers are expanding their manufacturing facilities across the region to enhance their product portfolio, which is likely to boost the market’s growth during the forecast period. For instance,

• In September 2023, Marelli introduced a new range of multipurpose smart actuators for electric cars designed to simplify complex vehicle functions' actuation.
• In June 2023, KOSTAL Group invested USD 53.86 million to produce the latest SAC (Smart Actuator Charging) technologies and charging systems for the Volkswagen Group.
• In September 2022, Knorr-Bremse AG introduced a product portfolio for the e-mobility transformation at IAA Transportation. Knorr-Bremse set up an e-mobility innovation unit called eCUBATOR. Key technologies include energy management systems, electromechanical actuators, additional drive and powertrain integration functions, and electronic braking systems.

Automotive Actuators Market Leaders

1. Robert Bosch GmbH

2. Nidec Corporation

3. Denso Corporation

4. Mitsubishi Electric Corporation

5. Continental AG

*Disclaimer: Major Players sorted in no particular order