Introduction to Automotive Engine Actuators
An actuator is a machine component that is used for controlling or moving a system or mechanism. An actuator requires a source of energy and a control signal. The control signal is comparatively low energy and can be electric current or voltage, hydraulic or pneumatic pressure, or sometimes human power. The source of main energy can be electric current, pneumatic pressure or hydraulic fluid pressure. The actuator converts the energy into mechanical motion when it receives the control signal.
Automotive Engine Actuators Market Segmentation
The global automotive engine actuators market can be segmented by product type, and region. In terms of type of automotive actuators, the global market can be segregated into electronic throttle system and variable valve timing systems. In 2016, the variable valve timing systems segment held the maximum share of the market and is likely to maintain its dominant position over the forecast period. The variation in vehicular emission norms and the increasing awareness among the car-users for fuel-efficient vehicles is likely to fuel the growth of this segment.
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In terms of geography, the global automotive engine actuators market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific held the maximum share of the market in 2016. The automotive engine actuators market in the Asia-Pacific is likely to grow at a considerable rate in the coming years. Factors such as exponential growth in the use of automobiles in the region, is leading to the increased demand for technologically-advanced automotive vehicles with automotive engine actuators.
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Key Vendors and their strategies
All the players are competing in the market to gain significant market shares, making this market highly competitive in nature. The vendors are also focusing on improving their customer base and growing their investments in research and development activities. The enhancements in technology as well as government regulations are likely to further increase the level of competition in the market.
Some of the key players in the global automotive engine actuators market are Delphi, DENSO, Aisin Group. Some of the other noticeable vendors include Hitachi Automotive Systems, Eaton, Metaldyne, HUSCO International, and Perodua.