Press release
Robotics And Automation Actuators Industry Outlook 2025-2029: Market Set to Cross $58.4 Billion Milestone
Robotics And Automation Actuators
How Large Will the Robotics And Automation Actuators Market Size By 2025?
In recent times, the market size of robotics and automation actuators has experienced swift expansion. The projected growth suggests an increase from $29.38 billion in 2024 to $32.89 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.9%. This growth during the historic period is due to factors such as industrial automation and manufacturing, the application of robotics and automation in healthcare, expansion of the automotive industry, advancements in actuator technology, improvements in energy efficiency and cost reductions, as well as applications in the aerospace and defense sectors.
How Big Is the Robotics And Automation Actuators Market Size Expected to Grow by 2029?
In the upcoming years, rapid expansion is anticipated for the robotics and automation actuators market, which is estimated to reach $58.4 billion by 2029, with a compound annual growth rate (CAGR) of 15.4%. Factors contributing to this significant growth during the forecast period include the incorporation of collaborative and adaptable robotics, the use of lightweight and miniaturized actuators, the implementation of Cobot technology, the integration of Internet of Things (IoT) and Industry 4.0, advancements in healthcare and surgical robotics, and the rise in autonomous vehicles and drones. Key trends forecasted for this period include the development of soft actuators and bio-inspired robotics, haptic feedback and touch-sensitive actuators, custom-made actuators through 3D printing, actuators employed in exoskeletons and wearable robotics, actuators tailored for human-robot interaction, and the use of AI for actuator control and optimization.
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Which Key Market Drivers Powering Robotics And Automation Actuators Market Expansion and Growth?
The surge in requirement for industrial robots is predicted to catalyze the expansion of the robotics and automation actuators market in the future. Industrial robots are mechanized systems or devices designed to autonomously carry out activities related to production in various industrial environments. These robots are reprogrammable, adaptable to diverse applications, and represent flexible automation. The electric actuator empowers these industrial robots to continually fulfill highly automated motion cycles with utmost precision and high speed. For instance, as per the International Federation of Robotics (IFR), a Germany-based firm that focuses on the development of robotics technologies, their latest global robotics report of September 2023 highlighted that there were 553,052 fresh installations of industrial robots worldwide in 2022. This represented a 5% growth compared to the previous year. The regional breakdown showed that Asia accounted for 73% of these installations, whereas Europe and the Americas made up 15% and 10%, respectively. Consequently, the swelling demand for industrial robots is fuelling the augmentation 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 progression of technology is a significant trend being appreciated in the robotics and automation actuator industry. Leading businesses in the robotics and automation actuator domain are concentrating on crafting advanced technological solutions, such as intelligent actuators, to fortify their standing. Ewellix, a Swedish company that manufactures and supplies linear motion solutions, has introduced a smart electro-mechanical actuator designed with enhanced functionality, intended for agricultural and construction equipment utilization. This innovative actuator provides four upgraded or new attributes such as communication, internal monitoring and diagnostics, exact position sensors, and control.
What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Robotics And Automation Actuators Industry?
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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