South Korea Automotive Pneumatic Actuators Market Size, Share, and COVID-19 Impact Analysis, By Application Types (Brake Actuators, Throttle Actuators, Fuel Injection Actuators, and Others), By Vehicle Types (Passenger Cars and Commercial Vehicles), and South Korea Automotive Pneumatic Actuators Market Insights Forecasts 2022 – 2032

Industry: Automotive & Transportation

RELEASE DATE Dec 2023
REPORT ID SI3170
PAGES 200
REPORT FORMAT PathSoft

South Korea Automotive Pneumatic Actuators Market Insights Forecasts to 2032

  • The South Korean Automotive Pneumatic Actuators Market Size was valued at USD XX Billion in 2022.
  • The Market Size is Growing at a CAGR of 3.8% from 2022 to 2032.
  • The South Korean Automotive Pneumatic Actuators Market Size is Expected to Reach USD XX Billion by 2032.

 

South Korea Automotive Pneumatic Actuators Market

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The South Korean Automotive Pneumatic Actuators Market Size is Expected to Reach USD XX Billion by 2032, at a CAGR of 3.8% during the forecast period 2022 to 2032.

The rise of fuel-efficient vehicles, the incorporation of advanced driver assistance systems (ADAS), and the steady increase in automobile production and sales are expected to drive the Automotive Pneumatic Actuators Market in the coming years.

 

Market Overview

An actuator is a device that converts input energy such as kinetic, electrical, or mechanical energy into force or motion. A pneumatic actuator is made up of a piston or a diaphragm that generates motive power. It keeps the air in the cylinder's upper portion, allowing air pressure to force the diaphragm or piston to move the valve stem or rotate the valve control element. They are extremely dependable, efficient, and secure sources of motion control. Throttle actuators, fuel injection actuators, brake actuators, and others are the product categories that the market is divided into. The market is divided into two segments based on application: passenger vehicles and commercial vehicles. It is a component that converts the energy generated by air, electricity, and fluids into motion. The actuator converts the central control unit's electrical signal into actual actions. It aids in adjusting the flywheel rotation, engine idle speed, and torque, thereby improving engine performance and efficiency. Hydraulic motors in hydraulic actuators use hydraulic power to complete mechanical operations, allowing for oscillating, linear, or rotational movement.

 

Report Coverage

This research report categorizes the market for South Korean automotive pneumatic actuators market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korean automotive pneumatic 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 Korean automotive pneumatic actuators market.

 

South Korea Automotive Pneumatic Actuators Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD XX Billion
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:3.8%
2032 Value Projection:USD XX Billion
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:110
Segments covered: By Application Types, By Vehicle Types
Companies Covered: ASCO Valve Inc, Continental AG, CTS Corporation, Sahrader Ducan Limited, Delphi Automotive PLC, Denso Corporation, Numatics Inc, Hitachi Ltd, Robert Bosch GmbH, and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Growing demand for fuel-efficient vehicles is expected to drive the market during the forecast period. The rapid growth of the automotive industry as a result of increased production and sales of commercial vehicles is one of the major factors driving the market in the coming years. Rising consumer awareness and disposable income are driving demand for advanced technology vehicles. Furthermore, R&D investment and development for electric actuators due to the adoption of electric vehicles, as well as advancements in pneumatic actuators to prevent leakages, are expected to provide lucrative opportunities for market participants.

 

Restraining Factors

Stringent government regulations on environmental effects and initiatives to raise awareness of electric vehicles are major challenges that could limit market growth during the forecast period. The high maintenance cost of pneumatic actuators, as well as the adoption of electric vehicles, are expected to stifle market growth.

 

Market Segment

  • In 2022, the throttle actuators segment accounted for the largest revenue share over the forecast period.

Based on the application types, the South Korean automotive pneumatic actuators market is segmented into brake actuators, throttle actuators, fuel injection actuators, and others. Among these, the throttle actuators segment has the largest revenue share over the forecast period. Standard diesel engines employ sophisticated fuel control structures, including integrated throttle control units. These engines are popular due to their higher efficiency, increased functions, improved operational protection, and lower carbon dioxide emissions. The advanced throttle actuator enables the controller to be integrated with various vehicle functions. These SUV structures allow to control the engine speed for smooth driving on difficult terrain.

 

  • In 2022, the passenger cars segment accounted for the largest revenue share over the forecast period.

Based on vehicle types, the South Korea automotive pneumatic actuators market is segmented into passenger cars and commercial vehicles. Among these, the segment of passenger cars has the largest revenue share over the forecast period. Most passenger and luxury vehicles include electric actuators. They produce less heat, make less noise, and offer greater design and installation flexibility. The drive's operation is simplified by progressive circuit diagrams and well-thought-out software. Electric actuators are commonly found in window regulators, tailgates, seat adjusters, and sunroof actuators. Vehicle safety regulations are receiving more attention from the government and other regulatory agencies. As a result, automakers are incorporating safety features into their vehicles, which are expected to drive the market.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korean automotive pneumatic 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

  • ASCO Valve Inc
  • Continental AG
  • CTS Corporation
  • Sahrader Ducan Limited
  • Delphi Automotive PLC
  • Denso Corporation
  • Numatics Inc
  • Hitachi Ltd
  • Robert Bosch GmbH

 

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 regional, and country levels from 2021 to 2032. Spherical Insights has segmented the South Korean Automotive Pneumatic Actuators Market based on the below-mentioned segments:

 

South Korean Automotive Pneumatic Actuators Market, By Application Types

  • Brake Actuators
  • Throttle Actuators
  • Fuel Injection Actuators
  • Others

 

South Korea Automotive Pneumatic Actuators Market, By Vehicle Types

  • Passenger Cars
  • Commercial Vehicles

 

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