What is the Historical Analysis of the Robotics And Automation Actuators Market Size?
The robotics and automation actuators market has seen considerable growth due to a variety of factors.
• The market for robotics and automation actuators has seen a swift expansion in the previous years. The market value is projected to climb from $29.38 billion in 2024 to $33.33 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 13.4%.
The upswing during the historic duration can be ascribed to factors such as the surge in industrial automation and manufacturing, incorporation of robotics and automation in healthcare, expansion in the automotive industry, advances in actuator technology, improvements in energy efficiency and cost reduction, and applications in the aerospace and defence sectors.
What is the Forecasted Growth of the Robotics And Automation Actuators Market Size?
The robotics and automation actuators market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for robotics and automation actuators is anticipated to witness a substantial increase in the coming years, with an estimate of reaching $60.4 billion in 2029, growing at a compound annual growth rate (CAGR) of 16.0%.
Factors contributing to the predicted growth during the forecast period include the implementation of collaborative and flexible robotics, the emergence of miniature and lightweight actuators, the use of cobots (collaborative robots), the integration with IoT and industry 4.0, advances in healthcare and surgical robotics, and the rise in autonomous vehicles and drones. Key trends in the forecast period include the development of soft actuators and bio-inspired robotics, advancements in haptic feedback and touch-sensitive actuators, the use of 3D printing for custom-made actuators, the application of actuators in exoskeletons and wearable robotics, human-robot interaction actuators, and AI-assisted actuator control and optimization.
What Are The Key Drivers Fueling Growth In The Robotics And Automation Actuators Market?
The expanding need for industrial robots is predicted to fuel the advancement of the robotics and automation actuators market in the future. Industrial robots, which are mechanical devices or machines designed to carry out production associated tasks independently in industrial environments, are reconfigurable and utilized for various applications, forming a flexible automation system. These robots utilize an electric actuator to constantly perform highly automated motion sequences with high precision and speed. For example, in September 2023, the Instrument Flight Rules (IFR) International Federation of Robotics, a Germany-based firm that focuses on the development of robotics technologies, reported in its most recent global robotics report that there were 553,052 fresh industrial robot installations in 2022 worldwide, indicating a 5% increase compared to the previous year. The geographical distribution indicated that Asia was the recipient of 73% of these installations, while Europe and the Americas were home to 15% and 10%, respectively. This growing demand for industrial robots is therefore propelling the evolution of the robotics and automation actuators market.
What Are The Principal Market Segments In The Global Robotics And Automation Actuators Industry?
The robotics and automation actuators market covered in this report is segmented –
1) By Types: Rotary Actuators, Linear Actuators
2) By Actuation: Electric, Pneumatic, Hydraulic
3) By Applications: Process Automation, Robotics
4) By Vertical: Food And Beverages, Power Generation, Chemicals, Paper And plastics, Pharmaceutical And Healthcare, Automotive, Aerospace And Defense, Electronics And Electricals, Other Verticals
Subsegments:
1) By Rotary Actuators: Electric Rotary Actuators, Hydraulic Rotary Actuators, Pneumatic Rotary Actuators, Mechanical Rotary Actuators
2) By Linear Actuators: Electric Linear Actuators, Hydraulic Linear Actuators, Pneumatic Linear Actuators, Mechanical Linear Actuators
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Which Emerging Market Trends Are Altering The Robotics And Automation Actuators Sector?
The escalation of technological innovation is an emerging trend in the robotics and automation actuator market. The key players in the industry are concentrating on introducing high-tech solutions, such as intelligent actuators, to cement their market standing. Ewellix, an establishment based in Sweden that manufactures and supplies linear motion solutions, has unveiled an intelligent electro-mechanical actuator enriched with expanded abilities for utilization in agricultural and construction machinery. The advanced actuator provides four new or enhanced features including communication, incorporated monitoring and diagnostics, precise position sensors, and in-control features.
Who Are the Key Players in the Robotics And Automation Actuators Market?
Major companies operating in the robotics and automation actuators market include:
• SMC Corporation
• Rockwell Automation Inc.
• Curtiss-Wright Corporation
• ABB Group
• Tolomatic Inc.
• Thomson Industries Inc.
• SKF Motion Technologies
• Moog Inc.
• MISUMI Group Inc.
• Macron Dynamics Inc.
• DVG Automation SpA
• Flowserve Corporation
• Festo AG & Co. KG
• Harmonic Drive LLC
• Cedrat Technologies
• Venture Mfg. Co.
• AUMA Riester GmbH & Co. KG
• Altra Industrial Motion Corp.
• Israel Aerospace Industries Ltd.
• AB SKF
• Nook Industries Inc.
• Rotomation Inc.
• Nook Industries Inc
• Kollmorgen Corporation
• Rotomation
• FMC Technologies
• Omron Adept Technologies
What are the Regional Insights into the Robotics And Automation Actuators Market?
Asia-Pacific was the largest region in the robotics and automation actuators market in 2024. The regions covered in the robotics and automation actuators market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
