Global Robotics and Automation Actuators Market

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 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.

Robotics and Automation Actuators Market Report Snapshots

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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 competitive environment of the 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. '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'

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

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.

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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

Robotics and Automation Actuators Market Regional Insights

Robotics and Automation Actuators Market Report Snapshots

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