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 2025-2032


Report ID: SQMIG45A2294 | Region: Global | Published Date: April, 2024
Pages: 196 | Tables: 97 | Figures: 71

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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FAQs

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 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. '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.

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.

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Global Robotics and Automation Actuators Market

Report ID: SQMIG45A2294

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