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

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.