The robotics and automation actuators global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Robotics And Automation Actuators Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The robotics and automation actuators market size has grown rapidly in recent years. It will grow from $26.13 billion in 2023 to $29.86 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to industrial automation and manufacturing, robotics and automation in healthcare, automotive industry growth, technological advancements in actuator technology, energy efficiency and cost savings, aerospace and defense applications..
The robotics and automation actuators market size is expected to see rapid growth in the next few years. It will grow to $52.94 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to collaborative and flexible robotics, miniaturization and lightweight actuators, adoption of cobots (collaborative robots), iot and industry 4.0 integration, healthcare and surgical robotics, autonomous vehicles and drones. Major trends in the forecast period include soft actuators and bio-inspired robotics, haptic feedback and touch-sensitive actuators, 3d printing of custom actuators, actuators for exoskeletons and wearable robotics, actuators for human-robot interaction, ai-driven actuator control and optimization..
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Scope Of Robotics And Automation Actuators Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Robotics And Automation Actuators Market Overview
Market Drivers –
The increasing demand for industrial robots is expected to propel the growth of the robotics and automation actuators market going forward. Industrial robots are mechanical systems or machines programmed to perform production-related activities autonomously in industrial settings. They are reprogrammable, employed for various applications, and are considered flexible automation. The electric actuator enables the industrial robots to constantly execute highly automated motion sequences with high precision and speed. For instance, according to the data published by the International Federation of Robotics, a Germany-based non-profit organization, in 2021, the actual installation of industrial robots reached 4.35 million units, with a 13% growth as compared to 2020. It is expected to reach 5.18 million units in 2024. Therefore, increasing demand for industrial robots is driving the growth of 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
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Regional Insights –
Asia-Pacific was the largest region in the robotics and automation actuators market in 2023. 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Robotics And Automation Actuators Market Report Structure
3. Robotics And Automation Actuators Market Trends And Strategies
4. Robotics And Automation Actuators Market – Macro Economic Scenario
5. Robotics And Automation Actuators Market Size And Growth
…..
27. Robotics And Automation Actuators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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