Automotive Pneumatic Actuators Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.58 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Pneumatic Actuators Market Analysis
The automotive pneumatic actuator market is valued at USD 12.35 billion currently and is anticipated to reach to 15.44 billion by the end of the forecats period, registering a CAGR of over 4.58% during the forecast period.
- 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.
- Due to the increasing adoption and higher replacement rate of pure electric and electro-pneumatic actuators, the market for pneumatic actuators is projected to experience moderate growth, particularly in the passenger car segment.
- However, demand for automotive pneumatic actuators in the commercial vehicle segment is expected to grow due to increased production and sales of trucks and semi-trailers globally.
- The use of fuel injection actuators and throttle actuators in diesel engine vehicles helps 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.
- Implementation of new safety regulations by governing bodies is anticipated to remain prominent market driving factor for the market. For insatnce, the European Union has mandated several ADAS features to implemented in newly sold vehicles. Similarly, several other countries are also expected to mandate several ADAS features in vehicles to enhance occupant and pedestrain safety. This is likely to have a positive impact on the market.
Automotive Pneumatic Actuators Market Trends
Growing Demand for Throttle Actuators
- The automotive pneumatic actuator market is rapidly growing due to the increasing demand for advanced vehicle control systems. Throttle actuators are a crucial component of this market as they are responsible for controlling the amount of air and fuel that enters the engine, thus improving the fuel efficiency of the vehicle.
- The automotive industry has been under pressure to meet increasingly stringent emission regulations. Throttle actuators play a vital role in reducing emissions, especially in diesel engines. They help to reduce the amount of fuel injected into the engine by limiting the air intake, which results in a decrease in emissions. As the world becomes more environmentally conscious, the demand for vehicles with low emissions is on the rise, driving the demand for throttle actuators in the automotive pneumatic actuator market.
- Another factor driving the growth of the automotive pneumatic actuator market is the increasing demand for electric vehicles. Throttle actuators are used in electric vehicles to control the flow of air and improve battery efficiency. As the demand for electric vehicles grows, the demand for throttle actuators is also expected to rise.
- Furthermore, advancements in technology have led to the development of advanced throttle actuators that are capable of providing greater control and precision. These advanced actuators are equipped with sensors and electronics that allow them to make precise adjustments to the air intake, resulting in better fuel efficiency and improved engine performance.
- In conclusion, the growing demand for throttle actuators in the automotive pneumatic actuator market is driven by the need for improved fuel efficiency, reduced emissions, and the increasing demand for electric vehicles. With advancements in technology, the demand for more advanced throttle actuators is expected to continue to rise in the coming years.
Asia-Pacific to Dominate the Automotive Pneumatic Actuator Market
- The Asia-Pacific region is poised to dominate the automotive pneumatic actuator market in the coming years. Pneumatic actuators are a crucial component in modern-day automobiles, used in brakes, suspension, and engine controls. These devices use compressed air to generate mechanical force and movement, making them essential for the proper functioning of many automotive systems.
- One of the primary drivers of the automotive pneumatic actuator market in the Asia-Pacific region is the increasing demand for automobiles. The Asia-Pacific region is home to some of the world's largest and fastest-growing economies, such as China, India, Japan, and South Korea. As these economies continue to expand, the demand for automobiles is also increasing.
- Additionally, many governments in the Asia-Pacific region are taking steps to promote the use of electric vehicles (EVs) and reduce emissions. This has led to a surge in demand for pneumatic actuators used in electric powertrains. Automotive manufacturers in the region are increasingly focusing on developing electric and hybrid vehicles to meet the increasing demand for environmentally friendly automobiles. Pneumatic actuators play a critical role in these vehicles, making them a vital component of the market.
- Moreover, the Asia-Pacific region has witnessed significant growth in advanced driver-assistance systems (ADAS) in recent years. These systems use a range of sensors and actuators to help drivers avoid accidents and improve safety on the road. Pneumatic actuators are an essential component of many ADAS systems, and the increasing adoption of such systems is expected to further boost the demand for pneumatic actuators in the region.
- Furthermore, recent technological advancements have made pneumatic actuators more durable, reliable, and efficient. Many companies in the region are investing heavily in research and development to improve the performance and efficiency of pneumatic actuators further.
- In conclusion, the Asia-Pacific region is set to dominate the automotive pneumatic actuator market in the coming years, driven by factors such as increasing demand for automobiles, growing focus on EVs and ADAS, and recent technological advancements in the market. Manufacturers of pneumatic actuators and related technologies will need to focus their efforts on this region to remain competitive in the global market.
Automotive Pneumatic Actuators Industry Overview
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.
Automotive Pneumatic Actuators Market Leaders
-
Bosch Rexroth AG
-
Nidec Corporation
-
Denso Corporation
-
SMC Corporation of America
-
Emerson Electric Co
*Disclaimer: Major Players sorted in no particular order
Automotive Pneumatic Actuators Market News
- September 2022: Israeli company Elmo Motion Control was acquired by a German corporation Bosch Rexroth AG for USD 700 million.
Automotive Pneumatic Actuator Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Market Drivers
- 4.1.1 Increasing Vehicle Production
- 4.1.2 Emphasis on Fuel Efficiency and Emission Reduction
-
4.2 Market Restraints
- 4.2.1 Complexity and Cost of Pneumatic Systems
- 4.2.2 Adoption of Alternative Actuation Technologies
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Application Type
- 5.1.1 Throttle Actuators
- 5.1.2 Fuel Injection Actuators
- 5.1.3 Brake Actuators
- 5.1.4 Other Application Types
-
5.2 Vehicle Type
- 5.2.1 Passenger Cars
- 5.2.2 Commercial Vehicle
-
5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Spain
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Mexico
- 5.3.4.2 Brazil
- 5.3.4.3 Argentina
- 5.3.5 Middle-East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
-
6.2 Company Profiles*
- 6.2.1 ASCO Valve, Inc.
- 6.2.2 Continental AG
- 6.2.3 CTS Corporation
- 6.2.4 Schrader Duncan Limited
- 6.2.5 Delphi Automotive PLC
- 6.2.6 Denso Corporation
- 6.2.7 Numatics Inc.
- 6.2.8 Hitachi, Ltd
- 6.2.9 Rotex
- 6.2.10 Nucon Industries Pvt.Ltd
- 6.2.11 Magneti Marelli S.P.A
- 6.2.12 Mitsubishi Electric Corporation
- 6.2.13 AVENTICS
- 6.2.14 Robert Bosch GmbH
- 6.2.15 Del-Tron Precision Inc.
- 6.2.16 Procon Engineer
- 6.2.17 Emerson Electric Co
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Adoption of Electric and Hybrid Vehicles
- 7.2 Vehicle Automation and Advanced Driver Assistance Systems (ADAS)
Automotive Pneumatic Actuators Industry Segmentation
Pneumatic actuators are used in a variety of automotive applications, including engine control, transmission control, and braking systems. Pneumatic actuators offer many advantages over hydraulic and electric actuators, including higher power density, lower weight, and more precise control.
The automotive pneumatic actuator market is segmented By application type, vehicle type, and geography. By application type, the market is segmented into throttle actuators, fuel injection actuators, brake actuators, and other application types. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
The report offers market size and forecasts for all the above segments in value (USD).
| Application Type | Throttle Actuators | |
| Fuel Injection Actuators | ||
| Brake Actuators | ||
| Other Application Types | ||
| Vehicle Type | Passenger Cars | |
| Commercial Vehicle | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Mexico |
| Brazil | ||
| Argentina | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Automotive Pneumatic Actuator Market Research FAQs
What is the current Automotive Pneumatic Actuators Market size?
The Automotive Pneumatic Actuators Market is projected to register a CAGR of greater than 4.58% during the forecast period (2024-2029)
Who are the key players in Automotive Pneumatic Actuators Market?
Bosch Rexroth AG , Nidec Corporation , Denso Corporation , SMC Corporation of America and Emerson Electric Co are the major companies operating in the Automotive Pneumatic Actuators Market.
Which is the fastest growing region in Automotive Pneumatic Actuators Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Pneumatic Actuators Market?
In 2024, the North America accounts for the largest market share in Automotive Pneumatic Actuators Market.
What years does this Automotive Pneumatic Actuators Market cover?
The report covers the Automotive Pneumatic Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Pneumatic Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Pneumatic Actuators Industry Report
Statistics for the 2024 Automotive Pneumatic Actuators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Pneumatic Actuators analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
