[183 Pages Report] The Actuators Market size was estimated at USD 64.68 billion in 2023 and expected to reach USD 70.71 billion in 2024, at a CAGR 9.59% to reach USD 122.83 billion by 2030.
Actuators are devices that convert an input energy form into motion. They are critical components in various systems, functioning as the means to turn a control signal into physical action. The actuators’ role spans across many industries, including aerospace, automotive, manufacturing, and robotics. They play a key role in automation, allowing precise control over movement and positioning in equipment such as robotic arms, valves, and pumps. Their applications range from simple tasks such as opening a valve to complex movements required in robotics. IoT and smart technology innovations have expanded actuator applications across automotive, aerospace, and construction. Government and international emissions and energy consumption regulations have increased the demand for more efficient actuators. Moreover, with urbanization and Infrastructure developments, investment in public works and infrastructure necessitates more complex automation solutions using actuators. However, high initial investment in advanced actuators’ design and manufacturing process impedes market growth. Nevertheless, trends towards smaller devices spur opportunities for developing compact actuators in consumer electronics and medical devices. Furthermore, researching new, durable, and efficient materials could lead to significant advancements.
System: Suitability of mechanical actuators for their robustness and reliability
Electric actuators produce mechanical torque by converting electrical energy for precise control and positioning in various applications, including robotics, valve operation, and automation systems. These actuators are preferred when accurate positioning is essential and are also valued for low maintenance, energy efficiency, and clean operation since they do not require hydraulic fluids. Hydraulic actuator generates motion and force using hydraulic fluid pressure. They are common in heavy machinery, automotive, and aerospace applications. Hydraulic actuators are suited for applications requiring significant force, such as construction equipment and manufacturing presses. The high power density of hydraulic actuators is beneficial in situations where space is a constraint but force is crucial. Mechanical actuators generate linear motion through converting rotary motion through screws, gears, or similar mechanical components. Applications range from consumer products to industrial machinery. Mechanical actuators are generally used for their robustness and reliability, particularly in applications where electricity or fluid power is impractical. They are also selected for their ability to handle hefty loads. Pneumatic actuators utilize pressurized air to create mechanical motion and are prevalent in packaging, material handling, and medical devices.
Type: Preferences for linear actuators owing to precise linear displacement
Linear actuators convert energy into straight-line motions, typically for positioning and slide movement applications. They are commonly used in machinery, medical equipment, and industrial automation systems. Linear actuators are preferred when precise linear displacement is required. Industries such as manufacturing, healthcare, automotive, and aerospace use these actuators to adjust control surfaces on aircraft, adjust and close valves, and adjust hospital beds. Rotary actuators convert energy into rotary motion and are frequently applied when rotation at one or multiple points is necessary, such as opening and closing dampers or for use in robotics and automated machinery. Rotary actuators are the go-to solution when circular or rotational motion is imperative, particularly in fields including industrial automation, robotics, and vehicular technology. They are prevalent in steering mechanisms, conveyor systems, and robotics joints.
Application: Expansion usage and deployment of robotics across the world driving adoption of actuators
In industrial automation, actuators play a critical role by serving as the primary movers of machine components and systems. The need in this sector is driven by the necessity for precise control, reliability, and efficiency in production processes. Manufacturers prioritize actuators that can withstand harsh environments and provide consistent performance over time. Robotics is a rapidly evolving field where actuators are essential for providing the movement and control necessary for robotic arms, grippers, and mobile robots. The specific needs here include compact size, lightweight, high precision, and energy efficiency to ensure long battery life for mobile robots. Actuators for robotics also need to offer high degrees of flexibility and fast response times. In the vehicles & equipment sector, actuators find their applications in various forms, such as automotive electronic throttle controls, heavy machinery for construction, and aerospace equipment. Here, durability, robustness, and resistance to extreme temperature and environmental conditions are highly valued characteristics. Vehicle and equipment manufacturers often seek actuators that can optimize fuel efficiency and reduce emissions in the automotive sector, whereas high force and precision are required for heavy equipment.
End-User: Utilization of actuators in manufacturing industries to enable precise operations
In the aerospace and defense sector, actuators play a pivotal role in controlling motion systems on aircraft and military equipment. The preference here is for highly reliable, precise, and robust actuators that can function under extreme conditions. Thermal, hydraulic, pneumatic, and electromechanical actuators are widely used in applications such as flight control systems, landing gears, and weapons deployment systems. Actuators in the automotive industry are crucial for vehicle control systems, including braking, throttle control, and fuel injection systems. The automotive sector prefers compact, energy-efficient, and increasingly electric actuators to keep up with the industry’s shift towards electric vehicles (EVs) and improved fuel efficiency. Actuators in the energy and utilities sector are predominantly used in power plants, oil and gas pipelines, and water treatment facilities. This sector demands rugged and durable actuators that can withstand harsh environments and ensure seamless operation over prolonged periods. In the healthcare industry, actuators are used in medical devices, surgical instruments, and patient-handling equipment. The key preferences here are for actuators that offer precision, clean operation (to maintain a sterile environment), and low noise levels. In manufacturing, actuators are integral to automation and control systems, including computerized numerical control (CNC0 machines, conveyors, and robotic arms. The preference in this sector is for actuators that provide high force and speed, along with the ability to withstand repetitive tasks. Within the marine industry, actuators are utilized for ship propulsion systems, hatch cover controls, and deck machinery. The end-user preference is towards corrosion-resistant materials and systems that can function reliably in the marine environment.
Regional Insights
The actuator market depicts strong growth across the Americas owing to high automation levels in manufacturing, the presence of key industry players, and substantial investments in R&D. Furthermore, consumer needs center around energy-efficient solutions, precision in control and operation, and integration with the Internet of Things (IoT) has further bolstered the market growth. Many EU Countries have focused on the advanced industrial sector for innovation with stringent energy regulations in the EU region. EU countries prioritize sustainability, leading to an uptick in demand for electric actuators. Moreover, the European Commission’s initiatives on digitalization and automation present further growth opportunities. The actuators market in the Asia-Pacific region is a vibrant and dynamically evolving market characterized by rapid technological progress and various applications spanning various sectors. As of the latest evaluation, this region stands as one of the most promising markets for actuators globally, attributed to the burgeoning industrialization, growing automation across manufacturing sectors, and increased emphasis on infrastructure development.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the 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 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 Actuators Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Actuonix Motion Devices Inc., AUMA Riester GmbH & Co. KG, Bray International, Inc., CKD Corporation, Curtiss-Wright Corporation, Eaton Corporation PLC, Emerson Electric Co., Festo AG & Co. KG, General Electric Company, Honeywell International Inc., KITZ Corporation, MISUMI Group Inc., Mitsubishi Electric Corporation, Moog Inc., Murata Manufacturing Co., Ltd., Omron Corporation, Parker Hannifin Corporation, PHD Inc., Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Rotork PLC, SAMSON AG, Schaeffler AG, Schlumberger Limited, Schneider Electric SE, Siemens AG, SMC Corporation, STMicroelectronics N.V., THK Co., Ltd., Tolomatic, Inc., Valtorc International, Valworx, Inc., and ZIMM GmbH.
Market Segmentation & Coverage
This research report categorizes the Actuators Market to forecast the revenues and analyze trends in each of the following sub-markets:
- System
- Electric Actuator
- Hydraulic Actuator
- Mechanical Actuator
- Pneumatic Actuator
- Types
- Linear Actuators
- Rotary Actuators
- Application
- Industrial Automation
- Robotics
- Vehicles & Equipment
- End-User
- Aerospace & Defense
- Automotive
- Energy & Utilities
- Healthcare
- Manufacturing
- Marine
- 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 Actuators Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Actuators Market?
- What are the technology trends and regulatory frameworks in the Actuators Market?
- What is the market share of the leading vendors in the Actuators Market?
- Which modes and strategic moves are suitable for entering the Actuators Market?
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