Albany, NY -- (SBWire) -- 05/01/2018 --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.
The growing demand of VVT or variable valve timing system owing to advantages such as fuel economy is a key driver for market growth. VVT system significantly improves the fuel efficiency of cars and is cost-effective for both the manufacturers and the end users. The variable valve timing systems have gained popularity and producers are focusing on incorporating variable valve timing systems in their vehicles. Moreover, the introduction of rigorous norms associated to fuel economy is likely to act as another key factor for the adoption of variable valve timing systems.
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The installation of dual variable valve timing systems in compact size passenger car engines improves the fuel efficiency and engine power output of the compact size cars. This is likely to encourage manufacturers to focus on equipping these vehicles with dual variable valve timing systems. With the shifting fuel prices compelling customers to choose fuel-efficient cars, OEMs are increasingly focusing on downsizing engines to lower the overall curb weight and boost mileage figures.
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. Moreover, recent increase in defense budgets, primarily of developing nations for better land, air and marine defense equipment is likely to impact the automotive engine actuators market positively.
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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.
Automotive Engine Actuators Market 2018: Production, Revenue, Price, Growth Rate, Type and Applicability Various Industries