Electric Vehicle Actuator Market Size, Trends and Insights By Type (Hydraulic Actuator, Pneumatic Actuator, Electric Actuator), By Application (HVAC, Brakes, Headlights, Grill Shutter, Mirrors, Trunk, Hood, Others), By EV Type (Battery Electric Vehicle (BEV),, Hybrid Electric Vehicle (HEV), Plug-in Hybrid Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI20002

Published Date: October 2022

Pages: 220+

Category: Ice, Electric, Hybrid, Autonomous Vehicles

Report Snapshot

CAGR: 23%
600 M
2021
689 M
2022
1400 M
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Robert Bosch GMBH
  • HELLA GMBH AND CO. KGAA
  • Continental AG
  • Nidec Corporation
  • Johnson Electric
  • Stoneridge Inc
  • Others

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Reports Description

The surging demand for electronically advanced systems is boosting the market.

According to Custom Market Insights (CMI), The Global Electric Vehicle Actuator Market size was worth around USD 600 million in 2021 and is expected to reach USD 689 million in 2022 and is predicted to grow to around USD 1400 million by 2030 with a compound annual growth rate (CAGR) of roughly 23% between 2022 and 2030. 

The report analyses the Electric Vehicle Actuator market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Vehicle Actuator market.

Electric Vehicle Actuator Market (By Type )

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Electric Vehicle Actuator Market: Overview

Automotive electric actuators provide end users with practical solutions. The worldwide adoption of automobile automation and performance-improving features results from increased driver safety awareness. As a result, electric automobile actuators are being utilized more frequently to open tailgates, lower ramps, and safely adjust mirrors.  

Electric Vehicle Actuator Market: COVID – 19 Impact Analysis

The manufacturing of electronic equipment, particularly the hardware part of electric vehicle actuators, has been significantly hampered by the COVID-19 epidemic. The COVID-19 virus’s global spread, followed by lockdown scenarios, has prompted industry analysts to predict that the sector’s supply chain for electronics equipment will lag by at least 25%. Tremors were caused by this disturbance until mid-2021. Then, however, governments worldwide gradually lifted the different containment measures to recover the economy. Thus the electronics equipment and automobile industries picked up speed.

Since 2021, the production of electronic equipment and automobiles has increased, which is expected to have a favorable impact on the manufacturing of electronic equipment and cars, including the hardware components of electric vehicle (EV) actuators. 

Electric Vehicle Actuator Market

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Electric Vehicle Actuator Market: Growth Drivers

Increasing demand for electronically advanced systems

One of the key factors driving the market is the rising need for advanced electronic systems in automobiles. The demand for various actuators is also increasing due to increased vehicle production and a growing inclination for comfortable, smooth driving. The majority of modern light-duty vehicles come with excellent mechanical or electric actuators. In comparison to hybrid cars powered by gasoline, their diesel engines use 10–20% less fuel due to a more efficient engine running. 

An amount of energy from regenerative braking, activated with actuators, is accommodated by the hybrid vehicle engine while also operating at its highest efficiency. The least amount of energy is used by electric vehicles (EVs), which run on batteries and use electric motors that are inherently more efficient than internal combustion engines. As penalties will be imposed for noncompliance, several manufacturers worldwide are concentrating on assuring the EU fleet standards to limit the average CO2 emissions per km by 2030. With the sale of EVs, original equipment manufacturers (OEMs) can exceed their goals with additional credits and make compliance simpler by loosening the limit’s requirements by up to 5%.

Surging demand for in-vehicle comfort system

The market for automotive electric actuators is expected to be driven by rising demand for in-vehicle comfort systems, which is related to a growth in consumer demand for luxury and comfortable rides. Automakers are adding features like power windows, sunroofs, and HVAC systems in response to the growing demand for comfort systems. Actuators powered by electricity manage these systems. This will likely increase demand for electric vehicle actuators during the forecast period. 

Electric Vehicle Actuator Market (By EV Type )

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Electric Vehicle Actuator Market: Segmentation Analysis

The Electric Vehicle Actuator market is segmented into type, application, and EV in our research scope. Based on the EV type, the hybrid electric vehicle is estimated to hold a dominant market position in 2021. A complex system that combines electronic, mechanical, chemical, and thermodynamic technology is a hybrid electric vehicle (HEV). Control and data are converted by various flows when an HEV is moving.

A hybrid drive motor that transmits power is also positioned between the engine and the automatic transmission in HEVs. In other words, the driving engine’s power and the motor’s power work together to generate power sent to the wheels. Internal combustion engine (ICE) and electric machine (EE) are connected to the mechanical gearbox in parallel hybrids.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 600 Million
Projected Market Size in 2030 USD 1400 Million
Market Size in 2022 USD 689 Million
CAGR Growth Rate 23% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Robert Bosch GMBH, HELLA GMBH AND CO. KGAA, Continental AG, Nidec Corporation, Johnson Electric, Stoneridge Inc, Borgwarner INC., Hitachi Automotive Systems LTD., Mahle GMBH, Mitsubishi Electric Corporation, and Others
Key Segment By Type, Application, EV Type, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Electric Vehicle Actuator market is estimated to grow annually at a CAGR of around 23% over the forecast period (2022-2030).
  • In terms of revenue, the Electric Vehicle Actuator market size was valued at around USD 600 million in 2021 and is projected to reach USD 1400 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on type segmentation, the hydraulic actuators segment was estimated to hold the maximum market share in 2021.
  • Based on EV type segmentation, the hybrid electric vehicle segment was the top revenue-generating category in 2021.
  • Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Recent Development

  • 2021: Vitesco Technologies started manufacturing electrical catalyst heating for high-voltage hybrid vehicles.
  • 2020: Bosch introduced an electronic airbag control unit for cars. The bag can shield the driver and passengers because it fully inflates in less than 30 milliseconds.

Regional Landscape

China is one of the most lucrative markets for suppliers and producers of automotive actuators. Due to the easy accessibility of raw resources and technological innovation, China’s automotive industry manufactures numerous automotive-based electronic components in huge quantities at a lower cost, providing it with a competitive edge over other countries.

Electric Vehicle Actuator Market (trends by region)

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The electric vehicle actuator market in the US is also witnessing considerable growth. The market will rise due to an increased focus by foreign corporations operating in the United States on joint ventures, acquisitions, collaborations, and partnerships with start-up businesses to jointly create electromagnetic actuators with cutting-edge technology. 

Additionally, high demand for automobiles with cutting-edge features and an increase in the number of autonomous vehicle testing procedures in this nation are expected to drive up automotive actuator sales. 

Competitive Landscape

Due to the presence of numerous large, medium-sized, and small-scale system developers, manufacturers, and service providers, the global automotive electric vehicle actuator market is expanding. Many manufacturers are incorporating cutting-edge technologies into their automobiles to achieve a competitive advantage worldwide.

Prominent Players:

  • Robert Bosch GMBH
  • HELLA GMBH AND CO. KGAA
  • Continental AG
  • Nidec Corporation
  • Johnson Electric
  • Stoneridge Inc
  • Borgwarner INC.
  • Hitachi Automotive Systems LTD.
  • Mahle GMBH
  • Mitsubishi Electric Corporation

The global Electric Vehicle Actuator market is segmented as follows:

By Type

  • Hydraulic Actuator
  • Pneumatic Actuator
  • Electric Actuator

By Application

  • HVAC
  • Brakes
  • Headlights
  • Grill Shutter
  • Mirrors
  • Trunk
  • Hood
  • Others

By EV Type

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electric Vehicle Actuator Market, (2022 – 2030) (USD Million)
    • 2.2 Global Electric Vehicle Actuator Market : snapshot
  • Chapter 3. Global Electric Vehicle Actuator Market – Industry Analysis
    • 3.1 Electric Vehicle Actuator Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing demand for electronically advanced systems
      • 3.2.2 Surging demand for in-vehicle comfort system
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By EV Type
  • Chapter 4. Global Electric Vehicle Actuator Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electric Vehicle Actuator Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electric Vehicle Actuator Market – Type Analysis
    • 5.1 Global Electric Vehicle Actuator Market overview: By Type
      • 5.1.1 Global Electric Vehicle Actuator Market share, By Type, 2021 and 2030
    • 5.2 Hydraulic Actuator
      • 5.2.1 Global Electric Vehicle Actuator Market by Hydraulic Actuator, 2022 – 2030 (USD Million)
    • 5.3 Pneumatic Actuator
      • 5.3.1 Global Electric Vehicle Actuator Market by Pneumatic Actuator, 2022 – 2030 (USD Million)
    • 5.4 Electric Actuator
      • 5.4.1 Global Electric Vehicle Actuator Market by Electric Actuator, 2022 – 2030 (USD Million)
  • Chapter 6. Global Electric Vehicle Actuator Market – Application Analysis
    • 6.1 Global Electric Vehicle Actuator Market overview: By Application
      • 6.1.1 Global Electric Vehicle Actuator Market share, By Application, 2021 and 2030
    • 6.2 HVAC
      • 6.2.1 Global Electric Vehicle Actuator Market by HVAC, 2022 – 2030 (USD Million)
    • 6.3 Brakes
      • 6.3.1 Global Electric Vehicle Actuator Market by Brakes, 2022 – 2030 (USD Million)
    • 6.4 Headlights
      • 6.4.1 Global Electric Vehicle Actuator Market by Headlights, 2022 – 2030 (USD Million)
    • 6.5 Grill Shutter
      • 6.5.1 Global Electric Vehicle Actuator Market by Grill Shutter, 2022 – 2030 (USD Million)
    • 6.6 Mirrors
      • 6.6.1 Global Electric Vehicle Actuator Market by Mirrors, 2022 – 2030 (USD Million)
    • 6.7 Trunk
      • 6.7.1 Global Electric Vehicle Actuator Market by Trunk, 2022 – 2030 (USD Million)
    • 6.8 Hood
      • 6.8.1 Global Electric Vehicle Actuator Market by Hood, 2022 – 2030 (USD Million)
    • 6.9 Others
      • 6.9.1 Global Electric Vehicle Actuator Market by Others, 2022 – 2030 (USD Million)
  • Chapter 7. Global Electric Vehicle Actuator Market – EV Type Analysis
    • 7.1 Global Electric Vehicle Actuator Market overview: By EV Type
      • 7.1.1 Global Electric Vehicle Actuator Market share, By EV Type, 2021 and 2030
    • 7.2 Battery Electric Vehicle (BEV)
      • 7.2.1 Global Electric Vehicle Actuator Market by Battery Electric Vehicle (BEV), 2022 – 2030 (USD Million)
    • 7.3 Hybrid Electric Vehicle (HEV)
      • 7.3.1 Global Electric Vehicle Actuator Market by Hybrid Electric Vehicle (HEV), 2022 – 2030 (USD Million)
    • 7.4 Plug-in Hybrid Vehicle (PHEV)
      • 7.4.1 Global Electric Vehicle Actuator Market by Plug-in Hybrid Vehicle (PHEV), 2022 – 2030 (USD Million)
    • 7.5 Fuel Cell Electric Vehicle (FCEV)
      • 7.5.1 Global Electric Vehicle Actuator Market by Fuel Cell Electric Vehicle (FCEV), 2022 – 2030 (USD Million)
  • Chapter 8. Electric Vehicle Actuator Market – Regional Analysis
    • 8.1 Global Electric Vehicle Actuator Market Regional Overview
    • 8.2 Global Electric Vehicle Actuator Market Share, by Region, 2021 & 2030 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
        • 8.3.1.1 North America Electric Vehicle Actuator Market, by Country, 2022 – 2030 (USD Million)
    • 8.4 North America Electric Vehicle Actuator Market, by Type, 2022 – 2030
      • 8.4.1 North America Electric Vehicle Actuator Market, by Type, 2022 – 2030 (USD Million)
    • 8.5 North America Electric Vehicle Actuator Market, by Application, 2022 – 2030
      • 8.5.1 North America Electric Vehicle Actuator Market, by Application, 2022 – 2030 (USD Million)
    • 8.6 North America Electric Vehicle Actuator Market, by EV Type, 2022 – 2030
      • 8.6.1 North America Electric Vehicle Actuator Market, by EV Type, 2022 – 2030 (USD Million)
    • 8.7. Europe
      • 8.7.1 Europe Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
        • 8.7.1.1 Europe Electric Vehicle Actuator Market, by Country, 2022 – 2030 (USD Million)
    • 8.8 Europe Electric Vehicle Actuator Market, by Type, 2022 – 2030
      • 8.8.1 Europe Electric Vehicle Actuator Market, by Type, 2022 – 2030 (USD Million)
    • 8.9 Europe Electric Vehicle Actuator Market, by Application, 2022 – 2030
      • 8.9.1 Europe Electric Vehicle Actuator Market, by Application, 2022 – 2030 (USD Million)
    • 8.10 Europe Electric Vehicle Actuator Market, by EV Type, 2022 – 2030
      • 8.10.1 Europe Electric Vehicle Actuator Market, by EV Type, 2022 – 2030 (USD Million)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
        • 8.11.1.1 Asia Pacific Electric Vehicle Actuator Market, by Country, 2022 – 2030 (USD Million)
    • 8.12 Asia Pacific Electric Vehicle Actuator Market, by Type, 2022 – 2030
      • 8.12.1 Asia Pacific Electric Vehicle Actuator Market, by Type, 2022 – 2030 (USD Million)
    • 8.13 Asia Pacific Electric Vehicle Actuator Market, by Application, 2022 – 2030
      • 8.13.1 Asia Pacific Electric Vehicle Actuator Market, by Application, 2022 – 2030 (USD Million)
    • 8.14 Asia Pacific Electric Vehicle Actuator Market, by EV Type, 2022 – 2030
      • 8.14.1 Asia Pacific Electric Vehicle Actuator Market, by EV Type, 2022 – 2030 (USD Million)
    • 8.15. Latin America
      • 8.15.1 Latin America Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
        • 8.15.1.1 Latin America Electric Vehicle Actuator Market, by Country, 2022 – 2030 (USD Million)
    • 8.16 Latin America Electric Vehicle Actuator Market, by Type, 2022 – 2030
      • 8.16.1 Latin America Electric Vehicle Actuator Market, by Type, 2022 – 2030 (USD Million)
    • 8.17 Latin America Electric Vehicle Actuator Market, by Application, 2022 – 2030
      • 8.17.1 Latin America Electric Vehicle Actuator Market, by Application, 2022 – 2030 (USD Million)
    • 8.18 Latin America Electric Vehicle Actuator Market, by EV Type, 2022 – 2030
      • 8.18.1 Latin America Electric Vehicle Actuator Market, by EV Type, 2022 – 2030 (USD Million)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
        • 8.19.1.1 The Middle-East and Africa Electric Vehicle Actuator Market, by Country, 2022 – 2030 (USD Million)
    • 8.20 The Middle-East and Africa Electric Vehicle Actuator Market, by Type, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Electric Vehicle Actuator Market, by Type, 2022 – 2030 (USD Million)
    • 8.21 The Middle-East and Africa Electric Vehicle Actuator Market, by Application, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Electric Vehicle Actuator Market, by Application, 2022 – 2030 (USD Million)
    • 8.22 The Middle-East and Africa Electric Vehicle Actuator Market, by EV Type, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Electric Vehicle Actuator Market, by EV Type, 2022 – 2030 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Robert Bosch GMBH
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 HELLA GMBH AND CO. KGAA
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Continental AG
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Nidec Corporation
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Johnson Electric
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Stoneridge Inc
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Borgwarner INC.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Hitachi Automotive Systems LTD.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Mahle GMBH
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Mitsubishi Electric Corporation
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Electric Vehicle Actuator Market attractiveness, By Type
  • 6. Global Electric Vehicle Actuator Market attractiveness, By Application
  • 7. Global Electric Vehicle Actuator Market attractiveness, By EV Type
  • 8. Global Electric Vehicle Actuator Market share by Type, 2022 and 2030 (USD Million)
  • 9. Global Electric Vehicle Actuator Market by Hydraulic Actuator, 2022 – 2030 (USD Million)
  • 10. Global Electric Vehicle Actuator Market by Pneumatic Actuator, 2022 – 2030 (USD Million)
  • 11. Global Electric Vehicle Actuator Market by Electric Actuator, 2022 – 2030 (USD Million)
  • 12. Global Electric Vehicle Actuator Market share by Application, 2022 and 2030 (USD Million)
  • 13. Global Electric Vehicle Actuator Market by HVAC, 2022 – 2030 (USD Million)
  • 14. Global Electric Vehicle Actuator Market by Brakes, 2022 – 2030 (USD Million)
  • 15. Global Electric Vehicle Actuator Market by Headlights, 2022 – 2030 (USD Million)
  • 16. Global Electric Vehicle Actuator Market by Grill Shutter, 2022 – 2030 (USD Million)
  • 17. Global Electric Vehicle Actuator Market by Mirrors, 2022 – 2030 (USD Million)
  • 18. Global Electric Vehicle Actuator Market by Trunk, 2022 – 2030 (USD Million)
  • 19. Global Electric Vehicle Actuator Market by Hood, 2022 – 2030 (USD Million)
  • 20. Global Electric Vehicle Actuator Market by Others, 2022 – 2030 (USD Million)
  • 21. Global Electric Vehicle Actuator Market share by EV Type, 2022 and 2030 (USD Million)
  • 22. Global Electric Vehicle Actuator Market by Battery Electric Vehicle (BEV), 2022 – 2030 (USD Million)
  • 23. Global Electric Vehicle Actuator Market by Hybrid Electric Vehicle (HEV), 2022 – 2030 (USD Million)
  • 24. Global Electric Vehicle Actuator Market by Plug-in Hybrid Vehicle (PHEV), 2022 – 2030 (USD Million)
  • 25. Global Electric Vehicle Actuator Market by Fuel Cell Electric Vehicle (FCEV), 2022 – 2030 (USD Million)
  • 26. Global Electric Vehicle Actuator Market share, by Region, 2022 and 2030
  • 27. North America Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
  • 28. Europe Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
  • 29. Asia Pacific Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
  • 30. Latin America Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
  • 31. The Middle-East and Africa Electric Vehicle Actuator Market, 2022 – 2030 (USD Million)
List Of Tables
  • 1. Global Electric Vehicle Actuator Market: Snapshot
  • 2. Drivers of the Electric Vehicle Actuator Market: impact analysis
  • 3. North America Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 4. North America Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 5. North America Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 6. U.S. Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 7. U.S. Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 8. U.S. Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 9. Canada Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 10. Canada Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 11. Canada Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 12. Europe Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 13. Europe Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 14. Europe Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 15. Germany Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 16. Germany Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 17. Germany Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 18. France Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 19. France Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 20. France Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 21. U.K. Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 22. U.K. Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 23. U.K. Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 24. Italy Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 25. Italy Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 26. Italy Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 27. Spain Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 28. Spain Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 29. Spain Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 30. Rest of Europe Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 31. Rest of Europe Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 32. Rest of Europe Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 33. Asia Pacific Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 34. Asia Pacific Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 35. Asia Pacific Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 36. China Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 37. China Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 38. China Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 39. Japan Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 40. Japan Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 41. Japan Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 42. India Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 43. India Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 44. India Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 45. South Korea Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 46. South Korea Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 47. South Korea Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 48. South-East Asia Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 49. South-East Asia Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 50. South-East Asia Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 51. Rest of Asia Pacific Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 52. Rest of Asia Pacific Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 53. Rest of Asia Pacific Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 54. Latin America Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 55. Latin America Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 56. Latin America Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 57. Brazil Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 58. Brazil Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 59. Brazil Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 60. Mexico Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 61. Mexico Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 62. Mexico Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 63. Rest of Latin America Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 64. Rest of Latin America Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 65. Rest of Latin America Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 66. The Middle-East and Africa Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 67. The Middle-East and Africa Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 68. The Middle-East and Africa Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 69. GCC Countries Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 70. GCC Countries Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 71. GCC Countries Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 72. South Africa Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 73. South Africa Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 74. South Africa Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)
  • 75. Rest of Middle-East Africa Electric Vehicle Actuator Market revenue, By Type, 2022 – 2030 (USD Million)
  • 76. Rest of Middle-East Africa Electric Vehicle Actuator Market revenue, By Application, 2022 – 2030 (USD Million)
  • 77. Rest of Middle-East Africa Electric Vehicle Actuator Market revenue, By EV Type, 2022 – 2030 (USD Million)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Robert Bosch GMBH
  • HELLA GMBH AND CO. KGAA
  • Continental AG
  • Nidec Corporation
  • Johnson Electric
  • Stoneridge Inc
  • Borgwarner INC.
  • Hitachi Automotive Systems LTD.
  • Mahle GMBH
  • Mitsubishi Electric Corporation

FAQs

“Asia Pacific” region will lead the global Electric Vehicle Actuator market during the forecast period 2022 to 2030.

The key factors driving the market are increasing demand for electronically advanced systems and surging demand for in-vehicle comfort system.

The key players operating in the Electric Vehicle Actuator market are Robert Bosch GMBH, HELLA GMBH AND CO. KGAA, Continental AG, Nidec Corporation, Johnson Electric, Stoneridge Inc, Borgwarner INC., Hitachi Automotive Systems LTD., Mahle GMBH, Mitsubishi Electric Corporation.

The global Electric Vehicle Actuator market is expanding growth with a CAGR of approximately 23% during the forecast period (2022 to 2030).

The global Electric Vehicle Actuator market size was valued at USD 600 Million in 2021 and it is projected to reach around USD 1400 Million by 2030.

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