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Rising Commercial Vehicle Production Fuels Expansion Of The Smart Pneumatics Market: A Key Catalyst Accelerating Smart Pneumatics Market Growth in 2025
Smart Pneumatics
Smart Pneumatics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for smart pneumatics has witnessed robust growth recently. It is projected to rise from $4.67 billion in 2024 to $4.96 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this historic period of growth include the increased demand for industrial automation, energy efficiency, predictive maintenance, cost-effective solutions, and the emergence of digital twins.
Smart Pneumatics Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the smart pneumatics market size is projected to witness robust expansion. The market is set to reach $6.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be linked to escalating healthcare expenses, an increasing elderly population, expansion in healthcare infrastructure, as well as precision and durability. Key trends during the forecast period encompass the integration of artificial intelligence (AI), edge computing, cloud-based solutions, measures for cybersecurity, predictive diagnostics, and health monitoring.
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What Are the Drivers Transforming the Smart Pneumatics Market?
The smart pneumatics market is projected to expand due to the escalating production of commercial vehicles. These vehicles, which are typically used for transporting goods rather than passengers, incorporate smart pneumatics into their braking, suspension, and gearbox systems. This integration crucially aids in predictive maintenance, monitoring, and enhancing overall equipment efficacy. For example, statistics from the Society of Motor Manufacturers and Traders (SMMT), a trade association based in the UK, show that production of commercial vehicles generated 78,805 units in September 2024, an increase of 5.8% from 2023's yield of 74,505. Consequently, the surge in commercial vehicle production is stimulating the ascent of the smart pneumatics market.
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What Long-Term Trends Will Define the Future of the Smart Pneumatics Market?
Leading firms in the smart pneumatics sector are advancing their offerings with the creation of unique products like electric and pneumatic automation platforms. These are designed to boost efficiency, control, and overall performance in automated systems. By integrating electrical and pneumatic components, these platforms provide superior flexibility and accuracy for industrial automation processes and subsequently improve productivity and system tracking. For example, Festo, an automation company located in Germany, introduced CPX-AP-A in September 2023. CPX-AP-A is an electric and pneumatic automation platform that acts as an important communication hub for data transmission and system architecture optimization. This distributed input/output (I/O) solution, specifically designed to augment automation performance and adaptability, merges the benefits of both electric and pneumatic technologies.
Which Segments in the Smart Pneumatics Market Offer the Most Profit Potential?
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 Firms Dominate the Smart Pneumatics Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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