Robotics And Automation Actuators Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | SMC Corporation, Rockwell Automation Inc., Curtiss-Wright Corporation, ABB Group, Tolomatic Inc.

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The Business Research Company offers in-depth market insights through Robotics And Automation Actuators Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The robotics and automation actuators market size has grown rapidly in recent years. It will grow from $26.13 billion in 2023 to $29.86 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to industrial automation and manufacturing, robotics and automation in healthcare, automotive industry growth, technological advancements in actuator technology, energy efficiency and cost savings, aerospace and defense applications..

The robotics and automation actuators market size is expected to see rapid growth in the next few years. It will grow to $52.94 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to collaborative and flexible robotics, miniaturization and lightweight actuators, adoption of cobots (collaborative robots), iot and industry 4.0 integration, healthcare and surgical robotics, autonomous vehicles and drones.. Major trends in the forecast period include soft actuators and bio-inspired robotics, haptic feedback and touch-sensitive actuators, 3d printing of custom actuators, actuators for exoskeletons and wearable robotics, actuators for human-robot interaction, ai-driven actuator control and optimization..

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Market Segmentation:
The main types of robotics and automation actuators are rotary actuators and linear actuators. The rotary actuators refer to the fluid power system output device that produces an oscillating movement over a restricted range in less than one complete circle revolution. The different actuations include electric, pneumatic, and hydraulic that is used for process automation and robotics applications. The several verticals involved are food and beverages, power generation, chemicals, paper and plastics, pharmaceuticals and healthcare, automotives, aerospace and defense, electronics and electrical, and others.

Major Driver - Surging Industrial Robot Demand Boosts Robotics And Automation Actuators Market
The increasing demand for industrial robots is expected to propel the growth of the robotics and automation actuators market going forward. Industrial robots are mechanical systems or machines programmed to perform production-related activities autonomously in industrial settings. They are reprogrammable, employed for various applications, and are considered flexible automation. The electric actuator enables the industrial robots to constantly execute highly automated motion sequences with high precision and speed. For instance, according to the data published by the International Federation of Robotics, a Germany-based non-profit organization, in 2021, the actual installation of industrial robots reached 4.35 million units, with a 13% growth as compared to 2020. It is expected to reach 5.18 million units in 2024. Therefore, increasing demand for industrial robots is driving the growth of the robotics and automation actuators market.

Competitive Landscape:
Major companies operating in the robotics and automation actuators market include SMC Corporation, Rockwell Automation Inc., Curtiss-Wright Corporation, ABB Group, Tolomatic Inc., Thomson Industries Inc., SKF Motion Technologies, Moog Inc., MISUMI Group Inc., Macron Dynamics Inc., DVG Automation SpA, Flowserve Corporation, Festo AG & Co. KG, Harmonic Drive LLC, Cedrat Technologies, Venture Mfg. Co., AUMA Riester GmbH & Co. KG, Altra Industrial Motion Corp., Israel Aerospace Industries Ltd., AB SKF, Nook Industries Inc., Rotomation Inc., Nook Industries Inc, Kollmorgen Corporation, Rotomation, FMC Technologies, Omron Adept Technologies

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Top Trend - Technological Advancements Drive Innovation In Robotics And Automation Actuators
Technological advancement is a key trend gaining popularity in the robotics and automation actuator market. Major companies operating in the robotics and automation actuators sector are focused on developing technologically advanced solutions, including smart actuators, to strengthen their position. For instance, in October 2021, Ewellix, a Sweden-based manufacturer and supplier of linear motion solutions, launched a smart electro-mechanical actuator with expanded capability for use in agricultural and construction gear. The smart actuator offers four new or improved functions such as communication, built-in monitoring and diagnostics, precise position sensors, and in-control.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Robotics And Automation Actuators Market Characteristics
3. Robotics And Automation Actuators Market Trends And Strategies
4. Robotics And Automation Actuators Market - Macro Economic Scenario
5. Robotics And Automation Actuators Market Size And Growth
…..
27. Robotics And Automation Actuators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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