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Rising Commercial Vehicle Production Fuels Expansion Of The Smart Pneumatics Market: A Key Factor Shaping the Future of the Smart Pneumatics Market in 2025
Smart Pneumatics Market Size
The escalation in manufacturing of commercial transport vehicles is predicted to amplify the development of the smart pneumatics market. Commercial vehicles are essentially designed to carry commodities or goods, rather than individuals. Smart pneumatics are extensively used in a variety of systems in these vehicles, including braking, suspension, and gearboxes, serving crucial functions such as preventative maintenance, monitoring and enhancing the overall efficiency of the equipment. For example, in September 2024, there was a 5.8% increase in the production of commercial vehicles as reported by the UK-based trade association, the Society of Motor Manufacturers and Traders (SMMT), with the number rising from 74,505 the previous year to 78,805 units in 2024. As a result, the exponential increase in commercial vehicles production is propelling the growth of the smart pneumatics industry.
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What is the projected compound annual growth rate (CAGR) of the smart pneumatics market from 2025 to 2034, and what factors influence it?
The scale of the intelligent pneumatics market has seen robust growth recently. It is projected to expand from a market size of $4.67 billion in 2024 and reach $4.96 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. The upturn during the historical period can be attributed to a surge in industrial automation needs, heightened energy efficiency, increased predictive maintenance demand, more affordable solutions, and the emergence of digital twins.
Anticipated robust expansion in the smart pneumatics market size is expected in the upcoming years, with projections reaching $6.4 billion by 2029, growing at a compounded annual growth rate (CAGR) of 6.6%. This growth in the prediction period is largely due to increased spending on healthcare, a burgeoning senior citizen population, expanding healthcare infrastructure, and an emphasis on precision and durability. Additionally, the proliferation of trends like the integration of artificial intelligence (AI) and edge computing, cloud-based solutions, cybersecurity measures, and predictive diagnostics with health monitoring are also factors anticipated to stimulate growth during the forecast period.
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What trends are poised to drive the future success of the smart pneumatics market?
Prominent firms active in the smart pneumatics market are focusing on creating ground-breaking products like electric and pneumatic automation platforms. These innovative products aim to augment efficiency, control, and performance in automated systems. They merge electric and pneumatic components, providing an increased level of precision and flexibility in industrial automation processes. This not only boosts the overall productivity but also elevates system monitoring. For instance, Festo, a German automation company, unveiled CPX-AP-A in September 2023. CPX-AP-A is an electric and pneumatic automation platform, acting as the main communication interface for data transfer and simplification of system architecture. This distributed input/output (I/O) solution enhances automation performance and flexibility by harnessing the power of both electric and pneumatic technologies.
What are the major segments of the smart pneumatics market and their role in driving growth?
The smart pneumatics market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Distribution Channel: Direct, Indirect
3) By Industry: Oil And Gas, Energy And Power, Water And Wastewater, Automotive, Semiconductor, Food And Beverage
Subsegments:
1) By Hardware: Pneumatic Cylinders, Sensors And Actuators, Valves, Compressors, Connectors And Fittings
2) By Software: Control Software, Monitoring Software, Analytics Software, Simulation Software
3) By Services: Maintenance And Support Services, Installation And Commissioning Services, Consulting Services, Training Services
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Which regions are key players in the growth of the smart pneumatics market?
Asia-Pacific was the largest region in the smart pneumatics market in 2024 and is expected to be the fastest-growing region in the smart pneumatics market report forecast period. The regions covered in the smart pneumatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the smart pneumatics market?
Major companies operating in the smart pneumatics market include Cypress Envirosystems Inc., Siemens AG, Schneider Electric SE, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., ABB Ltd., Eaton Corporation plc, Emerson Electric Co., Parker Hannifin Corporation, Rockwell Automation Inc., Bosch Rexroth AG, SMC Corporation, Festo Inc., IMI Precision Engineering Ltd., SICK AG, AirTAC International Group, Rotork plc, Camozzi Automation Spa, Ham-Let Group, CKD Corporation, Basso Industry Corp, Norgren Inc., Thomson Industries Inc., Clippard Instrument Laboratory Inc., Bimba Manufacturing Company, Advanced Pneumatics Inc.
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What Is Covered In The Smart Pneumatics Global Market Report?
• Market Size Forecast: Examine the smart pneumatics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the smart pneumatics market for a structured understanding.
• Key Players Overview: Analyze major players in the smart pneumatics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart pneumatics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the smart pneumatics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart pneumatics market.
• Industry Challenges: Identify potential risks and obstacles affecting the smart pneumatics market.
• Competitive Landscape: Review strategic developments in the smart pneumatics market, including expansions, agreements, and new product launches.
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