USD 13.2 Billion
Report ID:
SQMIG45A2294 |
Region:
Global |
Published Date: April, 2024
Pages:
196
|Tables:
97
|Figures:
71
Robotics and Automation Actuators Market size was valued at USD 14.94 Billion in 2023 and is poised to grow from USD 16.91 Billion in 2024 to USD 45.61 Billion by 2032, growing at a CAGR of 13.2% during the forecast period (2025-2032).
The increasing trend of industrial robotics is one of the major factors driving the growth of the market. Especially APAC is emerging as a new frontier in the industrial robotics market, where advanced robotics supports growth in technology and manufacturing. Moreover, there are differentiated manufacturing industries across Germany, Italy, USA, Mexico and Brazil leads to greater demand for industrial robots. The South American and African regions are slowly turning into manufacturing hubs, many players are looking to set up their operations in this region, due to the affordable land, raw materials and labor so there are new emerging industries in region of the market will boost the market growth during the forecast period.
The rise in R&D is one of the key market drivers for market growth. Vendors are now developing specialized robotic arms equipped with advanced sensors that detect and streamline cleaning and washing processes. This flexible washing with advanced sensors does not rely on user commands but can perform washing and cleaning independently to increase the overall efficiency of the industry. Development will be expected to develop compact and efficient robotic washing machines that can wash defects and can also be conveniently installed in any building. Such development is likely to fuel market growth during the forecast period.
Global Market Size
USD 13.2 Billion
Largest Segment
Electric
Fastest Growth
Hydraulic
Growth Rate
13.2% CAGR
To get more reports on the above market click here to Buy The Report
Based on end-use industry, the market is segmented into aerospace & defense, automotive, construction, chemicals, food & beverages, healthcare & pharmaceuticals, marine, mining, oil & gas, power generation, and others. Based on type, the market is classified into hydraulic, pneumatic, electric, and others. Based on motion, the market is divided into linear and rotary. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Motion
Linear actuators are the dominant segment which are essential components in robotic automation systems that require linear motion. It is widely used in fields as diverse as robotics, industrial devices, automotive, aerospace, healthcare, and more. Linear actuators provide precise and controlled linear movement, making them ideal for applications such as standing, pushing, pulling, lifting and handling loads. In the context of robotics, linear actuators are used in robotic arms, grippers, slides and other devices where precise linear movement is required. They are preferred because of their accuracy, reproducibility, small size, and ease of integration into automated systems. Linear actuators in the global robotics and automation actuators market contribute significantly to the overall market revenue owing to their widespread use in various industries and applications.
The rotary segment is worth more than $8.5 Billion by 2022 and is expected to grow rapidly through 2032. Rotary actuators are gaining popularity due to their versatility and efficiency that allows them to accommodate a wide range of rotations, as it enables robots to rotate, twist, advance etc. It can be equally complex tasks. This flexibility is important for a variety of applications, from manufacturing and assembly to medical devices and aerospace. Also, rotary actuators are more compact and lighter than their linear counterparts, making them ideal for applications of small robots and space limitations. As robotics technology improves and demand for agile and adaptable robots increases.
Analysis by Type
Electric is the dominant segment in the market which exhibits a CAGR of more than 10% between 2024 and 2031. Power generation enables more precise power management, efficiency and faster response times, making it ideal for robotic applications that require accuracy and speed. They are also compact, easy to assemble, and environmentally friendly compared to water and air alternatives. Furthermore, advances in power plant technology and control systems have improved the efficiency and reliability of electricity consumers, enabling greater diversification from manufacturing to logistics to health care to consumer electronics.
Hydraulic actuators use fluid pressure to create linear or rotary motion. They are known for their high strength, making them suitable for heavy duty applications requiring high loads. Hydraulics are commonly used in industrial equipment, construction equipment, agricultural equipment, marine systems, and aerospace. In robotics and automation, hydraulic operators find an advantage in situations where high levels of force are required, such as heavy lifting, pressing, punching, and construction activities in the field. Although hydraulic actuators provide superior power and efficiency, they also present challenges such as maintenance requirements, potential leaks, and environmental concerns when using hydraulic fluids. Despite these challenges, hydraulics remain important in industries where they have high power and stability.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominated the market by 2021 with a market size of $12.87 Billion (about $40 per person in the US). This is due to the presence of well-established and growing automobile industries and aviation industries in the region. According to the World Robot Report 2020, the US, China, Japan, Republic of Korea and Germany contribute about 73% of the global robot installations.
Asia-Pacific is expected to grow the market at a high growth rate during the forecast period owing to the rapid industrialization and urbanization in the region. Countries such as Japan, China have been recognized for their efficiency in manufacturing and they focus on increasing their production and operational capabilities by investing in automation. In October 2020, more than 700 of Rotork Plc’s CK modular power actuators were installed at the Shantou Wastewater Treatment Plant in Guangdong, China, to facilitate wastewater treatment in compliance with new environmental regulations.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Rise in Industrial Infrastructure
Increased Commercial Air Traffic
Restraints
High Installation Cost
High Maintenance Costs
Request Free Customization of this report to help us to meet your business objectives.
The competitive environment of the global robotics and automation actuators market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The need for high-performance robotics and automation operators in various industries has led to the development of new and advanced models such as power actuators, compact pneumatic actuators, explosion-proof actuators etc. Power actuators being the most technologically advanced in these options due to silent operation, cleanliness, non-toxicity and energy efficiency. They are widely used in industries such as automation, air and space defense and pharmaceutical manufacturing.
Compared to pneumatic and hydraulic actuators, electric actuators are more efficient, and can be easily integrated into critical systems via data bus connections They provide immediate feedback on the speed of end effectors and allow monitoring of motor speeds and accuracy at fast speeds. Installation of the electrical actuators is also quite simple. Moreover, this type of automation has a longer life and requires less maintenance, resulting in lower overall operating costs compared to other types of automation.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 14.94 Billion |
Market size value in 2032 | USD 45.61 Billion |
Growth Rate | 13.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Robotics and Automation Actuators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Robotics and Automation Actuators Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Robotics and Automation Actuators Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Robotics and Automation Actuators Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2294
sales@skyquestt.com
USA +1 351-333-4748