[192 Pages Report] The Robotics & Automation Actuators Market size was estimated at USD 24.26 billion in 2023 and expected to reach USD 27.96 billion in 2024, at a CAGR 15.89% to reach USD 68.17 billion by 2030.
Robotics & automation actuators convert energy into physical motion, and most actuators produce rotary or linear motion. Actuators are used in robotics and automation applications, as they help control equipment using pneumatic, hydraulic, or electronic signals. The robotics part consists of the robotic actuators required for industrial and service robots. An external energy source operates these robotics & automation actuators, typically electric current, hydraulic fluid pressure, or pneumatic pressure, which the actuators convert into motion. Increasing investments in automation and demand for industrial robots and process automation in the different industrial verticals enhance the growth of robotics & automation actuators. However, the formulation and stringent implementation of various regulations to ensure reduced power consumption & increased safety is expected to impede the adoption of robotics & automation actuators. In addition, increasing government investments in smart cities and technological advancements are anticipated to create robust opportunities for developing robotics & automation actuators.
Regional Insights
Increasing demand for robots in medicine, transport, space, automotive, and manufacturing is estimated to support the growth of robotics & automation actuators in North America. Developing innovative technologies that help reduce power consumption boosts the region’s adoption of robotics & automation actuators. The Asia-Pacific has witnessed rapid economic development, increasing maritime trade. Electronics and electrical industries in countries such as China and Japan have increased demand for robotics and automation products and services, which is expected to lead to high usage of robotics & automation actuators in the region. In Europe, the requirement for affordable and advanced robotics & automation actuators and expanding demand for modern robots and procedure automation in various industry verticals are among the factors improving the development of robotics & automation actuators.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Robotics & Automation Actuators Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Robotics & Automation Actuators Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Robotics & Automation Actuators Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, Actuonix Motion Devices Inc., Astro Controls BV, Belimo Aircontrols (USA), Inc., Bray International, Carotek, Inc., Columbus McKinnon Corporation, CRD Devices Ltd., Creative Motion Control, Curtiss-Wright Corporation, DVG Automation Spa, Emerson Electric Co., Ewellix by Schaeffler AG, Festo Corporation, Finch Automation, Firgelli Automations Inc., IAI Industrieroboter GmbH, John Henry Foster Company, Kollmorgen Corporation, KSS Co., Ltd., LINAK Group, Macron Dynamics Inc., Matara UK Limited, MISUMI Corporation, Moog Inc., NOOK Industries, Inc., NSK Americas, PI (Physik Instrumente) L.P., Ram?n Valves AB, Rockwell Automation Inc., Rotomation, Inc., Rozum Robotics LLC, Schneider Electric SE, SMC Corporation, Thomson Industries, Inc., and Valmet Group.
Market Segmentation & Coverage
This research report categorizes the Robotics & Automation Actuators Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Actuation
- Linear Actuator
- Rotary Actuator
- Type
- Electric
- Hydraulic
- Pneumatic
- Application
- Process Automation
- Robotics
- End-User
- Agriculture
- Automotive & Aerospace
- Energy
- Entertainment & Amusement
- Healthcare
- Logistics & warehousing
- Manufacturing
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Robotics & Automation Actuators Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Robotics & Automation Actuators Market?
- What are the technology trends and regulatory frameworks in the Robotics & Automation Actuators Market?
- What is the market share of the leading vendors in the Robotics & Automation Actuators Market?
- Which modes and strategic moves are suitable for entering the Robotics & Automation Actuators Market?
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