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Robotics And Automation Actuators Market Size Forecasted To Achieve $60.4 Billion By 2029 With Steady Growth
Robotics And Automation Actuators
What Is the Robotics And Automation Actuators Market Size and Projected Growth Rate?
The market size for robotics and automation actuators has seen a swift expansion in the past few years. Its worth is projected to increase from $29.38 billion in 2024 to $33.33 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.4%. This significant growth in the historical period is linked to factors such as industrial automation and manufacturing, the usage of robotics and automation in healthcare, growth in the automotive industry, technological progress in actuator technology, energy efficiency coupled with cost savings, along with applications in aerospace and defense.
The market size for robotics and automation actuators is set to experience a substantial increase in the coming years. By 2029, it is anticipated to attain a value of $60.4 billion, growing at a compound annual growth rate (CAGR) of 16.0%. Notably, the predicted growth during this forecast period can be credited to several trends and advances including collaborative and flexible robotics, lightweight and miniaturized actuators, the use of cobots or collaborative robots, integration of IoT and industry 4.0, healthcare and surgical robotics, as well as autonomous vehicles and drones. There are several major trends projected during this period which comprise soft and bio-inspired robotics actuators, actuators that are touch-sensitive and provide haptic feedback, customization of actuators through 3D printing, actuators utilized in wearable robotics and exoskeletons, actuators that allow human-robot interaction, and AI-driven actuator control and optimization.
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What Are the Major Segments in the Robotics And Automation Actuators Market?
The robotics and automation actuators market covered in this report is segmented -
1) By Types: Rotary Actuators, Linear Actuators
2) By Actuation: Electric, Pneumatic, Hydraulic
3) By Applications: Process Automation, Robotics
4) By Vertical: Food And Beverages, Power Generation, Chemicals, Paper And plastics, Pharmaceutical And Healthcare, Automotive, Aerospace And Defense, Electronics And Electricals, Other Verticals
Subsegments:
1) By Rotary Actuators: Electric Rotary Actuators, Hydraulic Rotary Actuators, Pneumatic Rotary Actuators, Mechanical Rotary Actuators
2) By Linear Actuators: Electric Linear Actuators, Hydraulic Linear Actuators, Pneumatic Linear Actuators, Mechanical Linear Actuators
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What Are The Driving Robotics And Automation Actuators Market Evolution?
The escalating demand for industrial robots is anticipated to stimulate the expansion of the robotics and automation actuators market in the forthcoming years. Industrial robots are mechanical apparatuses or machines that are designed to autonomously carry out industrial production tasks. They are reprogrammable and versatile, serving various applications that are integral to industrial automation. The electric actuator embedded in these robots empowers them to execute highly automated motion sequences with impressive precision and speed consistently. An instance is provided by the Instrument Flight Rules (IFR) International Federation of Robotics, a Germany-based firm noted for its contribution to robotics technologies. Their latest report on global robotics discloses that throughout 2022, factories across the globe witnessed 553,052 new industrial robot installations. This indicated a 5% growth compared to the last year. Dissecting this growth by geographical regions, it was discovered that Asia received the major chunk of 73% of the installations, followed by Europe and the Americas securing 15% and 10% respectively. Consequently, the mounting demand for industrial robots is propelling the expansion of the robotics and automation actuator market.
Which Firms Dominate The Robotics And Automation Actuators Market Segments?
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
What Trends Are Expected to Dominate the Robotics And Automation Actuators Market in the Next 5 Years?
Advances in technology is a significant trend gaining traction in the robotics and automation actuator market. Leading businesses in this sector are concentrating on the creation of highly advanced solutions, such as smart actuators, in order to solidify their market position. Ewellix, a Swedish company specializing in linear motion solutions, recently introduced a smart electro-mechanical actuator with enhanced capabilities for use in farm and construction equipment. The improved actuator presents four new or upgraded features including communication, integrated monitoring and diagnostics, accurate position sensors, and control systems.
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Which Is The Largest Region In The Robotics And Automation Actuators Market?
Asia-Pacific was the largest region in the robotics and automation actuators market in 2024. The regions covered in the robotics and automation actuators market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Robotics And Automation Actuators Market?
2. What is the CAGR expected in the Robotics And Automation Actuators Market?
3. What Are the Key Innovations Transforming the Robotics And Automation Actuators Industry?
4. Which Region Is Leading the Robotics And Automation Actuators Market?
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