Robotics And Automation Actuators Global Market Size, Share, Trend Analysis, By Type, By Actuation, By End User, Opportunity Analysis and Forecast, 2024-2033 | SMC Corporation, ABB Group, Tolomatic Inc., Moog Inc., MISUMI Group Inc.

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Overview and Scope
Robotics and automation actuators refer to a device that is used to transform energy into motion, which can be rotary or linear. The robotics and automation actuators aid in the movement of a robot, which frequently makes use of motors to turn the wheels of the robot, or a robot arm’s joints, or to open or close a robot gripe.

Sizing and Forecast
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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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The robotics and automation actuators market report table of contents includes:
1. Executive Summary