Argentina Automotive Electric Actuators Market Segment Analysis – By Vehicle Type
Passenger Car segment held significant market share of 68.6% in 2020, as they are growing in numbers in the emerging countries due to growing per capita income and they are the most common mode of transportation. Buyers get many options of choosing the vehicle according to their preferences due to which passenger vehicles are thriving the passenger vehicles market with its wide range of designs and features. In April 2021, due to the sudden rise in the number of COVID-19 cases and deaths, the government prohibited the movement of people, except those of essential workers due to which the use of vehicle car use increased in Argentina.
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Argentina Automotive Electric Actuators Market Segment Analysis – By Application Type
Throttle Actuator is expected to witness a highest CAGR of 8.1% the forecast period as integrated mechanical flex-ball connection provides pre-defined electrical connection to the automation system which makes it an excellent solution for engine control. The throttle actuator is equipped with linear rotary screw type technology that gives the Throttle Actuator excellent speed, force, and accuracy capabilities. The hardware component of the AVL Throttle Actuator Compact consists of the actuator with a push-pull cable and an integrated controller and the integrated controller allows for improved stability and accommodates a large input voltage range. Throttle actuators use a power source, such as a battery, to run the actuator which are compact, require lower voltage, deliver higher torque and generate less heat which in turn increases the efficiency and effectiveness of the various functional component in the vehicle. This has led to increased preference for automotive electric actuators. Hence these factors are analyzed to drive the Argentina Automotive Electric Actuators Market Size in the forecast period 2021-2026.
Argentina Automotive Electric Actuators Market Segment Analysis – By Motion
Rotary electric actuators held significant market share of 58.7% in 2020 as they typically provide control and indexing capabilities to allow multiple position stops along with strokes through electromagnetic power from a motor. Supply voltage, repeatability, maximum torque, load capacity, linear stroke, operating temperature, and rotation angle are some of the performance specifications of the Rotary electric actuators as these actuators provide maximum rotation angle of 45°, 90°, 135°, 180°, 225°, 270°, 315°, or 360°. In the automotive industry, manual and electric devices are used in car seats where the Rotary electric actuators find their application.
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Argentina Automotive Electric Actuators Market Drivers
Surge in adoption of electric actuators:
The remarkable growth of the automotive industry at a global level, due to which the electric actuators are finding their application owing to the growing demand for features offering better comfort to the passengers, which has become a necessary factor for top manufacturers to differentiate to each in the growing actuators industry. In recent years, newer vehicles are equipped with electric actuators that emit lesser heat, lower noise emission, design, and offer flexible installation options. In addition, electric actuators are chosen over the rectangular actuators as they run on battery, they can deliver higher torque while they are also compact and lightweight. Thus, the OEMs are proving the best actuators to its customers by investing heavily in efforts to enhance the driving and passenger experience which will fuel the use of electric actuators in this sector.
Surge in demand for fuel efficient vehicles:
Increasing fuel efficiency rules in Argentina are resulting in consumer awareness to use automobiles, which give a higher performance for the same fuel efficiency due to which actuators market has evolved from a working mechanic application to a fully automotive. The electric engine actuators provide maximize the potential of modern engine management, offering consistency and improved performance, thus reducing CO2 emissions from vehicles of all classes. Rising demand for advanced actuator products among the buyers and the increasing demand for fuel-efficient vehicles are compelling the major manufacturers to invest in R&D activities, these factors are analysed to drive the Argentina Automotive Electric Actuators industry outlook in the forecast period 2021-2026.
Argentina Automotive Electric Actuators Market Challenges
Risk of failure of electric components in an electric actuator:
Due to continuous operation and extreme changes in operating cycle electric actuators tend to overheat and in turn, may damage the electric components in the actuators, thus generally electric actuators cannot work in the hazardous environment. This risk of failure of the automotive electric actuators is set to negatively impact the procurement of electric actuators during the forecast period 2021-2026.
Argentina Automotive Electric Actuators Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Argentina Automotive Electric Actuators Market. Top players operative in Argentina Automotive Electric Actuators are
Aptiv
Hitachi Ltd.
Robert Bosch GmbH
Valeo
Denso Corporation
CTS Corporation
Borg Warner, Inc.
Johnson Electric
MAHLE GmbH
WABCO
Acquisitions/Product Launches
In November 2020, Danfoss Corporation and Linak Techline collaborated to add electric actuators for designing in intelligent off highway vehicles.
Key Takeaways
In Argentina the automotive electric actuators are growing, mainly due to the growth of the automotive sector where there is a requirement of vehicles with advanced features and connectivity and the vehicles are equipped with 120 motors to control various applications such as headlight positioning, seat adjustment, grill shutter, HVAC systems, and coolant and refrigerant valves and the electric actuators convert an electric signal into the required linear and rotary motion to produce the required physical movement.
Commercial Vehicles sector is expected to witness a highest CAGR of 7.3% the forecast period, owing to the growing preference for connected commercial vehicle and a strong emphasis by the governments in the region to ensure in-house automotive production.
Automotive Electric Vehicles are strengthening their position in Argentina through acquisitions and continuously investing in research and development (R&D) activities of the automotive manufacturing along with a vision to come up with solutions to cater to the changing requirements of customers.
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