South America Electric Vehicle Actuator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Hydraulic Actuator, Electric Actuator, and Pneumatic Actuator), Application (HVAC, Headlights, Brakes, Grill Shutter, Mirrors, Hood, Trunk, and Others), and Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle (PHEV), Hybrid Electric Vehicle (HEV), and Fuel Cell Electric Vehicle (FCEV))

Market Introduction

The automotive manufacturing in SAM is witnessing growth due to the presence of many OEM and automakers in the region. Brazil benefits from being a potentially large domestic market with low vehicle ownership and a growing economy. Moreover, the ever-increasing automotive production supports the growth of the electric vehicle actuators market in the region. For instance, as per Organisation Internationale des Constructeurs d'Automobiles (OICA), Brazil witnessed an increase of 2.2% Y-o-Y in the total vehicle production in 2019 and produced 2,448,490 cars. Additionally, the region has some of the major automakers such as Ford, Volkswagen, Peugeot, Hyundai, Toyota, General Motors, and Renault. The national regulatory bodies of various countries in the region have realized the importance of the automotive sector and are taking initiatives to develop the automotive industry. For instance, the Brazilian government has formulated favorable trade investment policies to encourage private investments. In 2017, Argentine President Mauricio Macri announced a 1 Million Plan for the automotive industry, under which the country aimed to produce 750,000 cars annually by 2019 and one million units by 2023. Therefore, the government initiatives to support the growth of the automotive sector would support the growth of the region's automotive actuators market. Further, Brazil is also making significant strides in the EV business in the South American market. The country's progress in EV business compared to other advanced countries is much slower; however, Brazil's EV business is continuously growing. The growing number of EVs on the road is encouraging the government and manufacturers to develop electric vehicle actuators.

In case of COVID-19, SAM is highly affected specially Brazil, followed by Colombia, Ecuador, Chile, Peru, and Argentina, among others which are also witnessing the adverse impacts of the pandemic across various industries. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that the market in SAM will face steep decline as the majority of stimulus package deployed by the government were majorly focused to public healthcare and tax relief. In addition to this, the online as well as retail distribution channel will also face the negative impact due to supply chain disruptions and non-availability of raw materials. The sharp decline in business activities and product sales are expected to directly affect the growth rate of electric vehicle actuator market in this region for the next three to four quarters.

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Market Overview and Dynamics

The SAM electric vehicle actuator market is expected to grow from US$ 25.68 million in 2020 to US$ 51.89 million by 2028; it is estimated to grow at a CAGR of 8.7 % from 2021 to 2028. Mounting demand for advanced automation systems in the vehicle is expected to surge the SAM electric vehicle actuator market growth. The integration of automotive actuators for performing various functions, such as HVAC, braking, throttling, operating the headlight, closures, and electronic clutch actuation in vehicles, is boosting the SAM market growth. With the advancement in technology, the automotive manufacturers across SAM region are investing on integrating the advanced system in the vehicles such as power window, hood openers, advanced braking system, and headlights. Also, there is increased technological advancements, such as the advanced driver assistance systems (ADAS), like the automated brake assist, lane keep assist, and adaptive cruise control (ACC) in the vehicles. At present, advanced features such as the adaptive front-lighting system (AFS), adaptive cruise control (ACC), and advanced driver assistance systems (ADAS), are being majorly deployed in modern vehicles, which are integrated with different actuators to perform unique tasks to comfort the driver as well as passengers. The increasing demand for safety features, such as telematics, collision avoidance systems, electronic stability control, tire pressure monitors, lane departure warnings, traction control, airbags, and parking assistance, is in demand owing to the rising number of road accidents. The vehicles with an installed advanced technological system can detect and categorize specific objects on the road, alert the driver corresponding to the road conditions, and at times automatically decelerate or stop the vehicle. Thus, technological advancements in the multifunctional system's automotive and production are projected to drive the growth of the SAM electric vehicle actuator market.

Key Market Segments

In terms of type, the hydraulic actuator segment accounted for the largest share of the SAM electric vehicle actuator market in 2020. In terms of application, the hood segment held a larger market share of the SAM electric vehicle actuator market in 2020. Further, the hybrid electric vehicle (HEV) segment held a larger share of the SAM electric vehicle actuator market based on vehicle type in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SAM electric vehicle actuator market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BorgWarner Inc.; Continental AG; HELLA GmbH and Co. KGaA; Hitachi, Ltd.; Johnson Electric Holdings Limited; Mahle GmbH; Mitsubishi Electric Corporation; Nidec Corporation; Robert Bosch GmbH; and Stoneridge, Inc.

Reasons to buy report

To understand the SAM electric vehicle actuator market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM electric vehicle actuator market
Efficiently plan M&A and partnership deals in SAM electric vehicle actuator market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM electric vehicle actuator market
Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Electric Vehicle Actuator Market Segmentation

SAM Electric Vehicle Actuator Market - By Type

Hydraulic Actuator
Electric Actuator
Pneumatic Actuator

SAM Electric Vehicle Actuator Market – By Application

SAM Electric Vehicle Actuator Market - By Vehicle Type

Battery Electric Vehicle (BEV)
Plug-in Hybrid Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Fuel Cell Electric Vehicle (FCEV)

SAM Electric Vehicle Actuator Market - By Country

Brazil
Argentina
Rest of SAM

SAM Electric Vehicle Actuator Market - Company Profiles

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Electric Vehicle Actuator Market Landscape

4.1 Market Overview

4.2 SAM PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. SAM Electric Vehicle Actuator Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Burgeoning Adoption of Fuel-Efficient Vehicles

5.1.2 Mounting Demand for Advanced Automation Systems in the Vehicle

5.2 Market Restraints

5.2.1 Growing Scalability Issues and Capital Costs

5.3 Market Opportunities

5.3.1 Surging Adoption of Switchable Electrochromic and Glazing Sunroof

5.4 Future Trends

5.4.1 Rising Investments to Acquire Intra-Vehicle Connectivity Data

5.5 Impact Analysis of Drivers and Restraints

6. Electric Vehicle Actuator Market – SAM Analysis

6.1 SAM Electric Vehicle Actuator Market Overview

6.2 SAM Electric Vehicle Actuator Market Forecast and Analysis

7. SAM Electric Vehicle Actuator Market Revenue and Forecast to 2028 – By Type

7.1 Overview

7.2 SAM Electric Vehicle Actuator Market Breakdown, By Type, 2020 and 2028

7.3 Hydraulic Actuator

7.3.1 Overview

7.3.2 Hydraulic Actuator Market Forecast and Analysis

7.4 Electric Actuator

7.4.1 Overview

7.4.2 Electric Actuator Market Forecast and Analysis

7.5 Pneumatic Actuator

7.5.1 Overview

7.5.2 Pneumatic Actuator Market Forecast and Analysis

8. SAM Electric Vehicle Actuator Market Revenue and Forecast to 2028 –By Application

8.1 Overview

8.2 SAM Electric vehicle actuator market Breakdown, by Application, 2020 and 2028

8.3 HVAC

8.3.1 Overview

8.3.2 HVAC Market Revenue and Forecast to 2028 (US$ Million)

8.4 Headlights

8.4.1 Overview

8.4.2 Headlights Market Revenue and Forecast to 2028 (US$ Million)

8.5 Brakes

8.5.1 Overview

8.5.2 Brakes Market Revenue and Forecast to 2028 (US$ Million)

8.6 Grill Shutter

8.6.1 Overview

8.6.2 Grill Shutter Market Revenue and Forecast to 2028 (US$ Million)

8.7 Mirrors

8.7.1 Overview

8.7.2 Mirrors Market Revenue and Forecast to 2028 (US$ Million)

8.8 Hood

8.8.1 Overview

8.8.2 Hood Market Revenue and Forecast to 2028 (US$ Million)

8.9 Trunk

8.9.1 Overview

8.9.2 Trunk Market Revenue and Forecast to 2028 (US$ Million)

8.10 Others

8.10.1 Overview

8.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)

9. SAM Electric Vehicle Actuator Market Revenue and Forecast to 2028 – By Vehicle Type

9.1 Overview

9.2 SAM Electric Vehicle Actuator Market Breakdown, by Vehicle Type, 2020 and 2028

9.3 Battery Electric Vehicle (BEV)

9.3.1 Overview

9.3.2 Battery Electric Vehicle (BEV) Market Forecast and Analysis

9.4 Plug-in Hybrid Vehicle (PHEV)

9.4.1 Overview

9.4.2 Plug-in Hybrid Vehicle (PHEV) Market Forecast and Analysis

9.5 Hybrid Electric Vehicle (HEV)

9.5.1 Overview

9.5.2 Hybrid Electric Vehicle (HEV) Market Forecast and Analysis

9.6 Fuel Cell Electric Vehicle (FCEV)

9.6.1 Overview

9.6.2 Fuel Cell Electric Vehicle (FCEV) Market Forecast and Analysis

10. SAM Electric Vehicle Actuator Market – Country Analysis

10.1 Overview

10.1.1 SAM: Electric Vehicle Actuator Market, by Key Country

10.1.1.1 Brazil: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Brazil: Electric Vehicle Actuator Market, by Type

10.1.1.1.2 Brazil: Electric Vehicle Actuator Market, by Application

10.1.1.1.3 Brazil: Electric Vehicle Actuator Market, by Vehicle Type

10.1.1.2 Argentina: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Argentina: Electric Vehicle Actuator Market, by Type

10.1.1.2.2 Argentina: Electric Vehicle Actuator Market, by Application

10.1.1.2.3 Argentina: Electric Vehicle Actuator Market, by Vehicle Type

10.1.1.3 Rest of SAM: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Rest of SAM: Electric Vehicle Actuator Market, by Type

10.1.1.3.2 Rest of SAM: Electric Vehicle Actuator Market, by Application

10.1.1.3.3 Rest of SAM: Electric Vehicle Actuator Market, by Vehicle Type

11. Impact of COVID-19 Pandemic on SAM Electric Vehicle Actuator Market

11.1 SAM: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Market Initiative

13. Company Profiles

13.1 BorgWarner Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Mahle GmbH

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Mitsubishi Electric Corporation

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Hitachi, Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Nidec Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Robert Bosch GmbH

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Continental AG

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 HELLA GmbH and Co. KGaA

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Johnson Electric Holdings Limited

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Stoneridge, Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. SAM Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. SAM Electric Vehicle Actuator Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. Brazil: Electric Vehicle Actuator Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 4. Brazil: Electric Vehicle Actuator Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 5. Brazil: Electric Vehicle Actuator Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 6. Argentina: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Argentina: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. Argentina: Electric Vehicle Actuator Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 9. Rest of SAM: Electric Vehicle Actuator Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. Rest of SAM: Electric Vehicle Actuator Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. Rest of SAM: Electric Vehicle Actuator Market, by Vehicle Type –Revenue and Forecast to 2028 (Rest of SAM$ Million)

Table 12. List of Abbreviation

LIST OF FIGURES

Figure 1. SAM Electric Vehicle Actuator Market Segmentation

Figure 2. SAM Electric Vehicle Actuator Market Segmentation – By Country

Figure 3. SAM Electric Vehicle Actuator Market Overview

Figure 4. Hydraulic Actuator Segment held the Largest Share of SAM Electric Vehicle Actuator Market

Figure 5. Hood Segment held the Largest Share of SAM Electric Vehicle Actuator Market

Figure 6. Hybrid Electric Vehicle (HEV) segment held the Largest Share of SAM Electric Vehicle Actuator Market

Figure 7. Argentina to Show Great Traction During Forecast Period

Figure 8. SAM- PEST Analysis

Figure 9. SAM Electric Vehicle Actuator Market, Ecosystem

Figure 10. SAM Electric Vehicle Actuator Market: Impact Analysis of Drivers and Restraints

Figure 11. SAM Electric Vehicle Actuator Market Forecast and Analysis (US$ Million)

Figure 12. SAM Electric Vehicle Actuator Market Breakdown, By Type, 2020 and 2028 (%)

Figure 13. SAM Hydraulic Actuator Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. SAM Electric Actuator Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. SAM Pneumatic Actuator Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. SAM Electric vehicle actuator market Breakdown, By Application (2020 and 2028)

Figure 17. SAM HVAC Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. SAM Headlights Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. SAM Brakes Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. SAM Grill Shutter Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. SAM Mirrors Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. SAM Hood Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. SAM Trunk Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. SAM Others Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. SAM Electric Vehicle Actuator Market Breakdown, by Vehicle Type, 2020 and 2028 (%)

Figure 26. SAM Battery Electric Vehicle (BEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. SAM Plug-in Hybrid Vehicle (PHEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 28. SAM Hybrid Electric Vehicle (HEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 29. SAM Fuel Cell Electric Vehicle (FCEV) Market Revenue and Forecast to 2028 (US$ Million)

Figure 30. SAM: Electric Vehicle Actuator Market, by Key Country – Revenue (2020) (USD Million)

Figure 31. SAM: Electric Vehicle Actuator Market Revenue Share, by Key Country (2020 and 2028)

Figure 32. Brazil: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Argentina: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Rest of SAM: Electric Vehicle Actuator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Impact of COVID-19 Pandemic in SAM Country Markets

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM electric vehicle actuator market.
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Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the electric vehicle actuator market, as well as those hindering it
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