According to a new report, published by KBV research, The Global Automotive Torque Actuator Motor Market size is expected to reach $12.3 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Electronic Throttle Control (ETC) market acquired the maximum revenue share in the Global Automotive Torque Actuator Motor Market by Application in 2021, thereby, achieving a market value of $5.5 billion by 2028. This is due to the fact that the ETC system is a collection of integrated hardware and software that regulates the engine's valve opening and closing. They also oversee fuel injection rate and speed to produce the required engine power, and due to these features, the expansion of the segment is anticipated to surge in the projected period.
The Passenger Car market is showcasing a CAGR of 5 % during the forecast period. This is owing to the consumers' rapid rise in disposable income. A motor vehicle intended to carry people and has less than nine seats is referred to as a passenger vehicle. Torque is the power required to start the automobile; this allows it to accelerate to the desired 0 to 60 mph pace in 2 to 3 seconds. The necessity of torque in passenger vehicles is expected to surge the segment's growth.
The OEM market is generating the highest revenue in the Global Automotive Torque Actuator Motor Market by Distribution Channel in 2021, thereby, achieving a market value of $8.5 billion by 2028. This is because the cost is the best benefit of OEM products. Because of economies of scale, OEM items have a much-reduced manufacturing cost. Furthermore, the ability of the company purchasing these things to utilize them to build systems without having to operate their facilities is the reason driving the expansion of this segment in the forecasted period.
The Electrical market is registering a CAGR of 6% during (2022 - 2028). This is because the opening and shutting valves in automotive applications are controlled by electric automotive torque actuator motors (ATAMs), which provide a rotating force or torque. Electrical actuators provide the maximum level of control positioning accuracy. Its installations are seamless, reproducible, and scalable for any application or force required.
The Asia Pacific market dominated the Global Automotive Torque Actuator Motor Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.5 billion by 2028. The Europe market is anticipated to grow at a CAGR of 4.6% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 4.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/automotive-torque-actuator-motor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of NSK Ltd., HIWIN Technologies Corp., Mabuchi Motor Co., Ltd., MITSUBA Corporation, Continental AG, Johnson Electric Holdings Limited, CTS Corporation, ElectroCraft, Inc. (DMI Technology Corporation), Val-Matic Valve & Manufacturing Corporation (A.Y. McDonald Manufacturing Company), and Bray International, Inc.
By Application
By Vehicle Type
By Distribution Channel
By Type
By Geography
Companies Profiled
Unique Offerings 
