OEMs Shifting toward CASE Convergence and Rise of Software-defined Vehicles to Drive Growth Potential
The automotive industry has relied on actuators for quite some time. These components convert energy into motion, using electric, hydraulic, or pneumatic control. Smart actuators are an improvement over traditional actuators, and they work in tandem with the surrounding sensors and electronics to provide adjustments on the fly. Programmable logic and control units run the smart actuators. Essentially, smart actuators bundle onboard controls, communication, and feedback to the electronic control unit (ECU) and other sensors. Their design considers reliability, precision control, and ease of automation.
This report includes a forecast for the global smart actuators market in the passenger vehicle space from 2023 to 2030. The forecast covers four segments: powertrain and transmission, body, chassis, and HVAC systems. The analysis includes a unit shipment forecast and revenue forecast. Market growth drivers and restraints are also included as well as the top growth opportunity areas for players looking to make moves in this space.
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Valeo
- Mitsubishi Electric
- Marelli
