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Automotive Electric Actuator Market is Witnessing a Sustainable Growth Due to Increase in Demand Scrutinized in the New Analysis Date: November 20, 2021 Author: Health and Pharma News
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Automotive Electric Actuator Market: Introduction According to the report, the global automotive electric actuator market is projected to surpass US$ 11.7 Bn by 2027, expanding at a CAGR of ~6% during the forecast period. Expansion of the global automotive electric actuator market is primarily due to rising investment by manufacturers for incorporation of safety features in their vehicles and change in regulatory norms for traf c safety and vehicle emission. The automotive industry has been witnessing a technological revolution in the last decade. Development and innovation in automotive actuators in conjunction with electronic