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Surging Industrial Robot Demand Boosts Robotics And Automation Actuators Market Emerges as a Core Driver of the Robotics And Automation Actuators Market in 2025
Robotics And Automation Actuators Market Growth
What Is the Expected CAGR for the Robotics And Automation Actuators Market Through 2025?
There has been a swift escalation in the scale of the robotics and automation actuators market in the last few years. From its worth of $29.38 billion in 2024, this market is projected to escalate to a value of $33.33 billion in 2025, experiencing a compound annual growth rate (CAGR) of 13.4%. Factors such as the advent of industrial automation and manufacturing, employment of robotics and automation in the healthcare sector, expansion of the automotive industry, advances in actuator technology, energy efficiency and cost reductions, as well as applications in the aerospace and defense sectors have powered this growth during the historic period.
What's the Projected Size of the Global Robotics And Automation Actuators Market by 2029?
In the upcoming years, the market size for robotics and automation actuators is anticipated to experience significant expansion, with projections showing it could reach $60.4 billion by 2029, reflecting a compound annual growth rate (CAGR) of 16.0%. The predicted growth within this period is predominantly due to the implementation of flexible and cooperative robotics, miniature and lightweight actuators, the use of collaborative robots (cobots), integration of Internet of Things and Industry 4.0, advancements in healthcare and surgical robotics, and the rise in autonomous vehicles and drones. Key trends to anticipate during this forecast period comprise software actuators and bio-mimicry robotics, haptic feedback and touch-sensitive actuators, 3D printed custom actuators, actuators designed for exoskeletons and wearable robotics, actuators aimed at facilitating human-robot interaction, and the application of AI for actuator control and optimization.
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Top Growth Drivers in the Robotics And Automation Actuators Industry: What's Accelerating the Market?
Surging needs for industrial robots are anticipated to boost the expansion of the robotics and automation actuators market in the future. Industrial robots, mechanical systems or machines programmed for autonomous production-related operations in industrial environments, offer reprogrammable and flexible automation. Electric actuators facilitate these robots to consistently carry out highly automated motion sequences swiftly and accurately. For example, the International Federation of Robotics (IFR), a Germany-based company focused on the progression of robotics technologies, reported in September 2023 that there were 553,052 new deployments of industrial robots globally in 2022, a 5% rise compared to the prior year. The area-specific distribution showed that Asia was the recipient of 73% of these installations, while Europe and the Americas stood at 15% and 10% respectively. Hence, the escalating demand for industrial robots is stimulating the development of the robotics and automation actuators market.
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What Trends Will Shape the Robotics And Automation Actuators Market Through 2029 and Beyond?
The growing popularity of technological progression is a notable trend within the market for robotics and automation actuators. The principal businesses in this industry are placing significant emphasis on creating technologically innovative solutions, such as smart actuators, to consolidate their market position. Ewellix, a Swedish linear motion solutions firm, introduced a smart electro-mechanical actuator with enhanced functionalities for use in agricultural and construction equipment. The upgraded actuator provides four new or advanced features including communication abilities, integral monitoring and diagnostics, precision position sensors and control mechanisms.
What Are the Main 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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Which Top Companies are Driving Growth in the Robotics And Automation Actuators Market?
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
Which Regions Will Dominate the Robotics And Automation Actuators Market Through 2029?
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.
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