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Explosive Growth in Robotics and Automation Actuators Market: Insight on Projected Market Size, key Players, and Trends
Robotics And Automation Actuators Market
The global robotics and automation actuators market displays rapid growth attributed to advancements in technology and increased adoption in various industries.
What Is The Projected Market Size Of The Global Robotics And Automation Actuators Market And Its Growth Rate?
The robotics and automation actuators market has experienced rapid growth recently and shows promising future forecasts:
• Growth from $29.38 billion in 2024 to $33.33 billion in 2025 at a CAGR of 13.4%
• Expected growth to $60.4 billion in 2029 at a CAGR of 16%
Growth factors include industrial automation and manufacturing, healthcare robotics, automotive industry growth, technological advances in actuator technology, and aerospace and defense applications.
What is Driving the Growth in the Robotics and Automation Actuators Market?
The market growth can be attributed to the increasing demand for industrial robots, where the electric actuator enables them to execute highly automated motion sequences with high precision and speed. The International Federation of Robotics noted that factories worldwide installed 553,052 new industrial robots in 2022, marking a 5% growth compared to the previous year. Hence, the rising demand for industrial robots promotes the growth of the robotics and automation actuators market.
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Who Are the Key Players Driving Robotics And Automation Actuators Market Growth?
The market is driven by key players including, but not limited to:
• SMC Corporation
• Rockwell Automation Inc.
• Curtiss-Wright Corporation
• ABB Group
• Tolomatic Inc.
• Thomson Industries Inc.
• SKF Motion Technologies
What Are The Key Trends In The Robotics And Automation Actuators Market?
Key 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
What Are The Segments Of The Global Robotics And Automation Actuators Market?
The robotics and automation actuators market can be segmented by:
• Types: Rotary Actuators, Linear Actuators
• Actuation: Electric, Pneumatic, Hydraulic
• Applications: Process Automation, Robotics
• Vertical: Food And Beverages, Power Generation, Chemicals, Paper And plastics, Pharmaceutical And Healthcare, Automotive, Aerospace And Defense, Electronics And Electricals, Other Verticals
Which Region Leads The Robotics And Automation Actuators Market?
Asia-Pacific dominated the robotics and automation actuators market in 2024. The market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Robotics And Automation Actuators Market Global Market Report?
• Market Size Analysis: Analyze the Robotics And Automation Actuators Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Robotics And Automation Actuators Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Robotics And Automation Actuators Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Robotics And Automation Actuators Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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