LONDON, March 3, 2016 /PRNewswire/ -- The US market for Automotive Actuators is estimated to grow at a CAGR of 10.14% till 2020. In US, NOOK Industries Inc., APC International Ltd., and CTS Corporation are the key players involved in manufacturing of these systems. As a solution for accurate spring and bump stop ratings for racing cars, the Earnhardt Technologies Group (ETG) developed a revolutionary Spring Bump Stop Rater (SBSR) with integration of Nook Industries' Action Jack, involving a servomotor.
APC International Ltd., developed Piezo auto actuators that are maintenance free and can be operated billions of times without deterioration. CTS produces a broad line of electric rotary actuators specifically designed for vehicle applications, yet adaptable to non-vehicle uses as well.
The rapid industrialization, wide number of applications employing the use of actuators and the advancement in technologies are the major drivers for the global actuators market. However, high operational cost in the manufacturing of actuators can hamper the growth of the market. Ample opportunities are expected for actuators market as large number of associated industries is coming up in the future.
The market for electric actuators and hybrid of electric and hydraulic actuators is expected to grow exponentially over the coming 5 years, owing to the latest advancements such as mini electric actuators. These mini electric actuators find their extensive application in the advanced driver assistance and automotive sensors systems. The market has been segmented based on the latest technologies:
By type (Hydraulic actuator, Pneumatic actuator, Electric actuator)
By application type (Throttle, Fuel Injection, Braking)
By vehicle type (Passenger cars, LCV, Heavy Vehicles).
Actuators have been employed in automobiles for long in converting source energy into motion, in short, acting as a trigger for an action. With latest technological advancements, even this trigger component got upgraded from time to time, in order to the catch up with the growing parent industry. High-response, high-thrust, electrically driven ball screw actuator developed by NTN in 2009 was one notable breakthrough development for this component and since then, several other companies have focused on developing better actuators.
Report offers the following:
This report on U.S automotive actuator market analyzes the current market trends in the country, in detail.
This report offers the technical aspects and economic data of the market and its forecast to the next 5 years (2015-2020).
It also discusses the latest technologies in the automotive actuator systems that are under development and in research pipeline.
This report provides the list of major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out from the pack.
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