Market Size of Automotive Pneumatic Actuators Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Automotive Pneumatic Actuators Market Size Summary
The automotive pneumatic actuator market is experiencing significant growth, driven by the increasing demand for fuel-efficient vehicles and the integration of advanced driver assistance systems (ADAS) in both new and existing vehicles. These systems, which include features like adaptive cruise control and autonomous emergency braking, are crucial for enhancing vehicle safety and efficiency. The market is also benefiting from the rising adoption of electric and electro-pneumatic actuators, particularly in the passenger car segment. In the commercial vehicle sector, the demand for pneumatic actuators is expected to grow due to the increased production and sales of trucks and semi-trailers worldwide. Additionally, the need to comply with stringent emission standards, such as the Euro VI, is propelling the market for fuel injection and throttle actuators, especially in diesel engine vehicles. The implementation of new safety regulations by governing bodies, such as the European Union's mandate for ADAS features, is further boosting the market's growth prospects.
The Asia-Pacific region is anticipated to lead the automotive pneumatic actuator market, fueled by the rising demand for automobiles in rapidly growing economies like China, India, Japan, and South Korea. The region's focus on promoting electric vehicles and reducing emissions has spurred demand for pneumatic actuators in electric powertrains. The increasing adoption of advanced driver-assistance systems in the region is also expected to drive the demand for these actuators. Technological advancements have enhanced the durability, reliability, and efficiency of pneumatic actuators, with significant investments in research and development aimed at further improving their performance. Major manufacturers in the market, such as Bosch Rexroth AG, Nidec Corporation, and Denso Corporation, are likely to concentrate their efforts in the Asia-Pacific region to maintain competitiveness in the global market.
Automotive Pneumatic Actuators Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.1.1 Increasing Vehicle Production
-
1.1.2 Emphasis on Fuel Efficiency and Emission Reduction
-
-
1.2 Market Restraints
-
1.2.1 Complexity and Cost of Pneumatic Systems
-
1.2.2 Adoption of Alternative Actuation Technologies
-
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Application Type
-
2.1.1 Throttle Actuators
-
2.1.2 Fuel Injection Actuators
-
2.1.3 Brake Actuators
-
2.1.4 Other Application Types
-
-
2.2 Vehicle Type
-
2.2.1 Passenger Cars
-
2.2.2 Commercial Vehicle
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Spain
-
2.3.2.5 Rest of Europe
-
-
2.3.3 Asia Pacific
-
2.3.3.1 India
-
2.3.3.2 China
-
2.3.3.3 Japan
-
2.3.3.4 Rest of Asia-Pacific
-
-
2.3.4 Latin America
-
2.3.4.1 Mexico
-
2.3.4.2 Brazil
-
2.3.4.3 Argentina
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 United Arab Emirates
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Automotive Pneumatic Actuators Market Size 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.
