Last Updated: 06-04-2026 | Format: PDF | Report ID:21819 | Author: Sophia
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $5,950 Million |
| What is the projected market size by 2035? | $15,800 Million |
| What is the market CAGR from 2025 to 2035? | 10.3% |
| Which region dominates the market? | Asia Pacific (45%) |
| Which product/service type dominates the market? | DC Motors (38%) |
| Which application leads the market? | Engine Control (34%) |
| Who are the major buyers? | OEMs (53%), Aftermarket (25%) |
| What are the key market growth drivers? | Growing demand for vehicle automation and electrification; Rising need for fuel efficiency and emission reduction; Schneider Electric’s new IoT-enabled actuators in 2024 enhance energy savings in automotive subsystems |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| What are the major market challenges? |
| Integration complexity with legacy automotive systems; Rotork faces challenges retrofitting advanced actuators in older vehicle models; Managing cost constraints and ensuring affordability |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? | Emerson Electric Co., Rotork, AUMA Riester GmbH & Co. KG, Honeywell International Inc., Schneider Electric, Belimo Automation AG, Flowserve Corporation, Rotex Automation, ABB Ltd., Valmatic, SAMSON AG, SMC Corporation, Parker Hannifin Corporation, Curtiss-Wright Corporation, Siemens AG |
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