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According to this report, the Global Automotive Electric Actuator market accounted for $7.48 billion in 2019 and is expected to reach $13.84 billion by 2027 growing at a CAGR of 8.0% during the forecast period. The growing demand for in-vehicle comfort systems attributed to an increase in the command for a luxurious and comfortable ride is the major factor propelling market growth. However, the threat of failure of electric components in an electric actuator is hampering market growth.
Automotive electric actuators help in regulating engine inactive speed, engine torque, etc., which help raise the engine effectiveness and vehicle performance. This actuator is used to normally operate a multi-turn valve. Moreover, a mechanical brake is installed above the motor, which enables the actuator, to keep a check on the opening of the valve, and avoid the valve from getting opened completely when not required. In the
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The drive by wire market is projected to reach USD 31.9 billion by 2025 from an estimated USD 24.0 billion in 2020 at a CAGR of 5.9% during the forecast period.
The primary reason for the growth is driven by the increasing number of mandates from governments to control vehicle emissions, vehicle weight reduction and the demand for premium cars globally. However, the major factor restraining the growth of the drive by wire market is the high incremental cost, risk of failure in electronics, and lack of public acceptance.
Parking pawl is expected to remain the fastest market in drive by wire component market
| Press Release
Automotive Electric Vacuum Pump Market Research Report by Type, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19
New York, Dec. 10, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Automotive Electric Vacuum Pump Market Research Report by Type, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19 - https://www.reportlinker.com/p05913382/?utm source=GNW
The Global Automotive Electric Vacuum Pump Market is expected to grow from USD 13,675.70 Million in 2019 to USD 25,462.82 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 10.91%.
Market Segmentation & Coverage:
This research report categorizes the Automotive Electric Vacuum Pump to forecast the revenues and analyze the trends in each of the following sub-markets:
Automotive Intelligence Park Assist System Market Huge Growth Opportunities and Trends to 2025 financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.