The electric car actuator market is predicted to increase at a CAGR of 8.97 percent from the year 2020 to the year 2028, from US$ 585.61 million in the year 2020 to US$ 1,164.71 million in the year 2028. Automobile manufacturers are spending on the development of enhanced car glazing using chromogenic technology. The sunroof’s transmittance can be changed dynamically thanks to the technology. Glazing chromogenic technology could make an interior comfy and adaptable according to the driver’s needs and evolving visual conditions.
With an actuation system, this technology can offer exceptional safety by virtually eliminating glare and reflections. Because they are smaller than commercial windows and have a shorter lifespan, this is among the most modern and innovative technologies on the market (The average lifetime in 7 years). The semi-automatic, automatic, or manual switching capacities of dynamic glazing systems necessitate the integration of the actuators for effective operation. Nowadays, demand for the switchable sunroof glazing is increasing. The electrochromic automobile mirror, that is available in most major models of cars, has been the most successful product.
The electric actuator sector of the worldwide electric car actuator market is estimated to develop at the fastest CAGR during the forecast timeframe. To generate torque or force, electric actuators employ an electric motor as well as gear reduction. An electric actuator is designed using a variety of technologies.
The electric motor can run on AC or DC power, and it can be synchronous or asynchronous (squirrel cage). This actuator also includes gearing systems such as worm, spur, and scotch yoke. Heavy-duty grease is applied to gear surfaces or an oil-filled gearbox for gear lubrication. Different accessories are provided to report and monitor operational conditions as well as the state of the actuator. Electric actuators are available in various technologies, costs, performance, and quality and are chosen depending on these factors.
The market is divided into HVAC, grill shutter, mirrors, hood, headlights, brakes, trunk, and others based on application. Similarly, the market is divided into battery electric vehicles (BEV), plug-in hybrid vehicles (PHEV), hybrid electric vehicles (HEV), and the fuel cell electric vehicles (FCEV) based on vehicle type.
Geographically, APAC was the fastest expanding region in 2020. Individuals’ increasing disposable income, combined with the improving economy, has resulted in a boom in passenger and commercial vehicle purchases in recent years. The presence of strong automobile industry has helped the region become a worldwide manufacturing powerhouse. Rising awareness about car pollution, maintenance expenses, and cheaper operating costs, as well as increased government activities across the area, are boosting the electric car actuator market.