USD 3.84 billion
Smart Pneumatics Market Size, Share, Growth Analysis, By Component(Sensors, Controllers, and Actuators), By Type of Pneumatic System(Single Acting, and Double Acting), By Communication Protocol(Fieldbus, and Industrial Ethernet), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25S2043 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
88
|Figures:
76
Smart Pneumatics Market Insights
Global Smart Pneumatics Market size was valued at USD 3.84 billion in 2022 and is poised to grow from USD 4.09 billion in 2023 to USD 6.71 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).
The global smart pneumatics market has been witnessing tremendous progress in the automation and control systems industry in recent years. In addition, integrating smart technologies-sensors and communication protocols with pneumatic systems is one of the main trends. This improves real- time monitoring, predictive maintenance and operational efficiency in general.
Energy-saving trends in manufacturing processes are also serving to accelerate the uptake of smart pneumatics. But problems are that start-up costs are high and you need personnel. Therefore, the smart pneumatics market is set for steady growth as more and more industries embrace Industry 4.0 to reap its potential benefits, transforming pneumatic control with intelligent connected solutions.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Sensors
Fastest Growth
Actuators
Growth Rate
6.4% CAGR
Global Smart Pneumatics Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Smart Pneumatics Market Segmental Analysis
The global smart pneumatics market is segmented into four major segments i.e. by Component Type, Type of Pneumatic System, Communication Protocol, and region. Based on Components, it is divided into Sensors, Controllers, and Actuators. Based on Type of Pneumatic System, it is bifurcated as Single Acting, and Double Acting. Based on Communication Protocol, it is segregated into Fieldbus, and Industrial Ethernet. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Component
The market is projected to be controlled by sensors because they supply important real-time data for monitoring and control in smart pneumatic systems. As industrial processes become more precise and accurate information is demanded, the importance of sensors continues to grow. They are core elements in smart pneumatics.
It is expected that actuators will be the fastest growing of these, due to improvements in automation and increasing demand for more precise control in pneumatic applications. Within the smart pneumatic market, growing demand in areas such as robotics and automated machinery is spurring increased use of this type.
Analysis by Communication Protocol
It appears that industrial Ethernet will rule the roost, since it has already been used so widely in control and automation systems. It provides fast data transmission, reliability and adaptability to the new production requirements of intelligent pneumatics.
It is expected that the fastest-growing communication protocol will be Fieldbus, which has particularly wide applicability in industries with many old machines. The retrofitting of existing systems, and the Fieldbus 'cost advantages are some reasons for such speedy takeup in fields upgrading to smart pneumatic technologies.
Global Smart Pneumatics Market By Component
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Smart Pneumatics Market Regional Insights
It will not be surprising if Asia-Pacific is the location of most smart pneumatics in use, because it has strong industrialization thanks to countries such as China and India. Asia-Pacific is set to become a major player in the smart pneumatics market as digitization and automation takes root, while massive investments are being made by its industrial hubs.
SkyQuest anticipates that North America will be the fastest-growing region, spurred by Northern American investment in Industry 4.0 projects and its rapid adoption of smart technologies across industries. Established local players, technological innovation and an active policy of promoting industrial automation are reasons for North America's rapid development in terms of smart pneumatics.
Global Smart Pneumatics Market By Region
- Largest
- Fastest
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Smart Pneumatics Market Dynamics
Drivers
Increasing Demand for Enhanced Operational Efficiency
- Rising expectations for increased operational efficiency in manufacturing. The sensors transmit the information back to a computer. With advanced controls, Smart Pneumatics can be monitored live and data scrubbed for use in future application improvements. Additionally, the upsurge in Industry 4.0-related efforts aimed at increasing connectivity and intelligent automation adds fuel to this fire.
Restraints
High Initial Implementation Cost Associated with Upgrading Pneumatic Systems
- A prohibiting factor on the market is that it costs a lot of money to implement new smart technologies and get them up-and running. Another factor that may make adoption difficult is the investment needed in sensors, controllers and communication protocols. What's more, there is a certain inhibition due to the fact that it requires specialized manpower to operate and maintain such advanced smart pneumatic systems.
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Smart Pneumatics Market Competitive Landscape
The Smart Pneumatics market is highly competitive, and it features a constant tug-of-war between main players and supporting actors actively jostling for position. Many in the industry aim at strategic alliances, product developments and geographical expansion to reinforce their market positions. Also, the landscape is open to newcomers; in fact startups and small firms can use their specialized products as springboards for competition.
Top Player’s Company Profiles
- Emerson Electric Co. (US)
- Festo AG & Co. KG (Germany)
- Parker Hannifin Corporation (US)
- SMC Corporation (Japan)
- Bosch Rexroth AG (Germany)
- Schneider Electric SE (France)
- Honeywell International Inc. (US)
- Eaton Corporation plc (US)
- Mitsubishi Heavy Industries Ltd. (Japan)
- Rockwell Automation Inc. (US)
- Metso Corporation (Finland)
- Norgren (UK)
- Aventics (Germany)
- SMC Pneumatics (UK) Ltd. (UK)
- IMI Precision Engineering (UK)
- Bimba Manufacturing Co. (US)
- Avenair Inc. (US)
- SMC Korea Co., Ltd. (South Korea)
- IMI Norgren (Italy)
- AirTAC International Corporation (Taiwan)
Recent Developments
- In October 2023, Toyota Material Handling introduced a new range of 48V and 80V electric pneumatic forklifts. This sturdy line is designed to resist outdoor terrain and function in a range of weather circumstances. The forklifts are intended for use in retail settings, such as home centers, landscaping, lumberyards, and retail assistance.
- September 2023: At Pack Expo 2023, Festo shows off its new distributed I/O solution, the CPX-AP-A. Festo has extended its already comprehensive line of electric and pneumatic equipment with the release of special message block AS (for programming systems). CPX-AP comes in two forms, for decentralized I/Os adapted to frequency control. With regard to performance, flexibility and cost-effectiveness as well as engineering productivity this comprehensive line is unrivaled in the world.
- May 2023: Danfoss Power Solutions demonstrated its Dxtreme system for excavators, which is based on the company ’ s Digital Displacement pump (DDP). The system substitutes a digital pump controller and DDP for the conventional hydraulic pump.
Smart Pneumatics Key Market Trends
- Rising Integration of Industrial Internet of Things (IIoT) Technologies: The Offering capable integration with other machines, bringing pneumatic systems into the age of Industrial Internet of Things (IIoT). This makes it easier for real-time monitoring, predictive maintenance and overall operational adjustment. The second major development is the use of machine learning for analysis, predictive maintenance models which allow smart pneumatics to see problems in advance and schedule cutting down downtime.
Smart Pneumatics 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 analysis of the global market showed that both trends and challenges exist in a constantly changing Smart Pneumatics world. Demand for improved operational efficiency in industrial automation under the impetus of Industry 4.0 sparked this market trend. Yet difficulties include initial capital costs and highly specialized manpower. The major product types are sensors, which allow real-time monitoring.
North America leads in adoption because of active Industry 4.0 campaigns and the region is growing the fastest due to rapid industrialization throughout Asia-Pacific. Other key trends include the application of IIoT for connectivity, machine learning, and predictive analysis tools to solve problems in real-time data views into how manufacturing is changing.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.84 billion |
| Market size value in 2031 | USD 6.71 billion |
| Growth Rate | 6.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| 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:-
|
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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 Smart Pneumatics 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 Smart Pneumatics 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 Smart Pneumatics 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 Smart Pneumatics 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 Smart Pneumatics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Pneumatics 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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