“Increase in production of passenger cars and commercial vehicles is a significant factor for the growth of the automotive actuators market globally”
The global automotive actuators market is projected to reach USD 39.5 billion by 2027 from an estimated USD 22.8 billion in 2019, at a CAGR of 7.1% during the forecast period. The automotive actuators market is growing in tandem with the constant growth in production as well as sales of automobiles (passenger cars, LCVs, HCVs, and off-highway vehicles) across the globe.
Sensors, software programs, controller hardware, and actuators are considered to be the backbone of the present and future automotive systems. The use of sensors and actuators in the automotive industry is increasing every day. The designing of such automotive sensors and actuat
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