USD 13.2 Billion
Robotics and Automation Actuators Market Size, Share, Growth Analysis, By End-use(Aerospace & Defense, Automotive, Construction, Chemicals), By Type(Hydraulic, Pneumatic, Electric, and Others), By Motion(Linear and Rotary), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2294 |
Region:
Global |
Published Date: April, 2024
Pages:
196
|Tables:
97
|Figures:
71
Robotics and Automation Actuators Market Insights
Global Robotics and Automation Actuators Market size was valued at USD 13.2 Billion in 2022 and is poised to grow from USD 14.94 Billion in 2023 to USD 40.29 Billion by 2031, growing at a CAGR of 13.2% in the forecast period (2024-2031).
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.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Electric
Fastest Growth
Hydraulic
Growth Rate
13.2% CAGR
Global Robotics and Automation Actuators Market ($ Bn)
Country Share for North America Region (%)
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Robotics and Automation Actuators Market Segmental Analysis
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.
Global Robotics and Automation Actuators Market By Type (%)
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Robotics and Automation Actuators Market Regional Insights
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.
Global Robotics and Automation Actuators Market By Geography
- Largest
- Fastest
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Robotics and Automation Actuators Market Dynamics
Drivers
Rise in Industrial Infrastructure
- The trend towards automation has increased with the availability of robotics, artificial intelligence and machine learning. Actuator is the most important component used in all actuation systems and helps in automating various processes and processes in automotive, construction, agriculture, food, transportation, medical industries The rise of industrial automation is expected to market growth through the projection period. Another factor driving the rise of industrial automation is the growing population. The growing population of the world is another factor driving the demand for automated technologies. Additionally, the need to meet the demands of the growing population has led manufacturers to develop automated products to help manufacture more products, expected as industrial robots widespread use to speed up processes and reduce human errors in manufacturing will boost market growth
Increased Commercial Air Traffic
- Actuators are used in various aircraft components such as landing gear, control aircraft, seats, doors, and more. Therefore, a new aircraft production increase will drive the demand in the coming years. In recent years, high economic growth in emerging economies such as India, Africa, China and other developed countries has increased the demand for air travel. This demand has led to an increase in commercial aircraft exports, which in turn is expected to boost the market growth.
Restraints
High Installation Cost
- The high cost of installation poses significant challenges to the industrial robotics market. While the actuators themselves can be expensive, the costs associated with integrating them into robotic systems can be significant. These include engineering, design, customization efforts, and skilled labor which is required. These costs can deter potential buyers, especially small businesses or those with limited resources, and can lead to long-term ROI. Therefore, it is important to reduce the installation cost and simplify the integration process to make robotic manufacturing accessible and attractive to customers.
High Maintenance Costs
- Hydraulic actuators are difficult to install due to water content. Thus, its installation cost is high during installation, especially for large pipelines. This is expected to restrain the growth of the market. Also, hydraulic operating systems use a liquid medium such as oil or water, and pneumatic operating systems use air to achieve the desired output Oil or water leaks deteriorate and reduce the performance of this product and increase maintenance costs, thus inhibiting the market.
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Robotics and Automation Actuators Market Competitive Landscape
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
- ABB
- Altra Industrial Motion
- Cedrat Technologies
- Curtis Wright
- DVG Automation
- Emerson Electric CO.
- Harmonic Drive LLC
- Macron Dynamics
- MISUMI Group Inc.
- Moog
- Nook Industries Inc.
- Rockwell Automation
- SKF
- SMC
- Tolomatic
Recent Developments
- February 2021 - The Actuation Division of Curtis-Wright Corporation launches its new ASSIGN™ motor system for Axlar FTP and FTX Series actuators. FTP and FTX series actuators are ideal for a wide range of factory automation applications.
- In December 2021 - Rotork Plc. Rotork signed a contract with the Milano San Rocco Wastewater Treatment Plant (WWTP) to supply IQ electrical converters.
- In January 2022, Rolon, a manufacturer of linear motion guides and actuator systems, was acquired by Intelligent Machine Solutions, Inc. (iMS). With this acquisition, Rolon expands its portfolio of linear operator modules and robotic transport units.
Robotics and Automation Actuators Key Market Trends
- Rapid Deployment of Smart Actuators in Industry to Drive Growth: The introduction of advanced technologies for smart actuators is the latest trend in the market. The smart actuator is integrated with all components such as sensors, motor, communication unit and controller. Robots used in a variety of industries are connected to smart actuators that can be easily reconfigured, assembled or disassembled. The widespread use of smart actuators will increase the automation and control capabilities of the field. Smart actuators offer many benefits such as increased productivity and efficiency, improved controllability and diagnostics, reduced complexity and cabling, reduced software and hardware costs, improved device performance, and more.
Robotics and Automation Actuators Market SkyQuest Analysis
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 2022 | USD 13.2 Billion |
| Market size value in 2031 | USD 40.29 Billion |
| Growth Rate | 13.2% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Robotics and Automation Actuators Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Robotics and Automation Actuators Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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.
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