South Korea Automotive Electric Actuators Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger Car and Commercial Vehicle), By Application (Throttle Actuator, Seat Adjustment Actuator, Brake Actuator, Closure Actuator, and Others), and South Korea Automotive Electric Actuators Market Insights, Industry Trend, Forecasts to 2035

South Korea Automotive Electric Actuators Market Insights Forecasts to 2035

• The South Korea Automotive Electric Actuators Market Size was estimated at USD 809 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.76% from 2025 to 2035
• The South Korea Automotive Electric Actuators Market Size is Expected to Reach USD 1840.45 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Automotive Electric Actuators Market is anticipated to reach USD 1840.45 million by 2035, growing at a CAGR of 7.76% from 2025 to 2035. Some of the major factors propelling the market include the widespread use of electric vehicles (EVs), ongoing developments in electric actuator technology, and the introduction of government incentives, subsidies, and regulatory measures to promote EV use.

Market Overview

Automotive electric actuators are electromechanical devices that transform electrical energy into mechanical motion in order to control a variety of systems in automobiles. To accomplish precise movements, these actuators are usually controlled by electronic systems and powered by electric motors. They are employed in many automotive applications, from managing the steering, brakes, and throttle of the car to more specialized tasks like adjusting the windows, seats, or mirrors. Additionally, the increasing demand for fuel-efficient vehicles, along with the rising demand for advanced electric actuator products, among the buyers, is compelling the major manufacturers to invest in R&D activities. The sales of luxury cars in South Korea have gone up, which will have a positive impact on the Automotive Electric Actuators Market.

Report Coverage

This research report categorizes the market for the South Korea automotive electric actuators market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea automotive electric actuators market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea automotive electric actuators market.

Driving Factors

The propelled by the development of environmentally friendly transportation options and the uptake of electric vehicles (EVs). In order to promote the use of EVs, the government also implemented a number of incentives, subsidies, and regulatory measures. As a result, manufacturers had to incorporate cutting-edge technologies, such as electric actuators, to comply with these regulations, which had an impact on the market's expansion. Furthermore, ongoing developments in electric actuator technology have increased their dependability, effectiveness, and affordability, which is another significant driver of growth. Additionally, it made it simpler for automakers to include them into their designs, which is boosting market expansion.

Restraining Factors

Automotive electric actuators are sometimes not well known or widely used in emerging markets. The advantages of electric actuators, such as increased performance and efficiency, could not be completely appreciated because traditional mechanical systems still predominate. This ignorance may impede market expansion and penetration.

Market Segmentation

The South Korea automotive electric actuators market share is classified into vehicle type and application.

• The passenger car segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea automotive electric actuators market is segmented by vehicle type into passenger car, commercial vehicle. Among these, the passenger car segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing need for cutting-edge features in consumer cars is propelling the passenger car sector to the top of South Korea's automotive electric actuators industry. Important amenities like motorized windows, mirrors, and adjustable seats are made possible by these actuators. These actuators are essential due to the growing consumer preference for comfort and technology in automobiles. Furthermore, the need for sophisticated actuator systems in passenger cars is increased by the growing popularity of electric vehicles (EVs).

• The seat adjustment actuator segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea automotive electric actuators market is segmented by application into throttle actuator, seat adjustment actuator, brake actuator, closure actuator, and others. Among these, the seat adjustment actuator segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The Ministry of Trade, Industry, and Energy (MOTIE) reported that the South Korean automobile actuator market was estimated to be worth $1.6 billion in 2023, with seat adjustment actuators accounting for a sizable amount of that total. These actuators are becoming more and more popular since they are crucial to improving the comfort and personalization of car seating systems. Demand has been further increased by the move to electric cars (EVs), which place a premium on sophisticated, customizable interiors. The growth of the actuator industry is further aided by the presence of large automakers like Hyundai and Kia.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea automotive electric actuators market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hyundai Motor Group
• Kia Corporation
• Samsung Electronics
• LG Electronics
• SK Innovation
• Mando Corporation
• Hanon Systems
• Others

Recent Developments:

• In October 2024, Hyundai Mobis had launched a new generation of electric actuators for vehicle steering systems, aiming to have improved driving stability and to have reduced energy consumption in electric vehicles (EVs).

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea South Korea Automotive Electric Actuators Market based on the below-mentioned segments:

South Korea Automotive Electric Actuators Market, By Vehicle Type

• Passenger Car
• Commercial Vehicle

South Korea Automotive Electric Actuators Market, By Application

• Throttle Actuator
• Seat Adjustment Actuator
• Brake Actuator
• Closure Actuator
• Others