Robotics and Automation Actuators Market by Type (Linear and Rotary), Actuation (Electric, Hydraulic, Pneumatic, and Others), Application (Robotics and Process Automation) and Industry Vertical (Automotive, Electronics, Aerospace and Defense, Chemicals and Materials, Pharmaceutical and Healthcare, Power Generation, Food and Beverages, Oil and Gas, and Others), Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026097 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The robotics and automation actuators market is expected to cross US$ 20.5 billion mark in 2022 and is projected to hit US$ 57.9 billion by 2030, recording a CAGR of 13.9% during the forecast period.

The Demand for Robotics and Automation Actuators is Constantly Increasing

Robotics and automation actuators allow precise variable control over motor speed, acceleration, and velocity and offer immediate feedback of end effector movements. Additionally, installation is simple. Electrical actuators have a long functioning lifespan and few maintenance requirements compared to traditional actuators. Some additional actuator types, including digital linear actuators, mini-electrical actuators, and idle speed controllers, have also been created and released in the market. Actuators are therefore projected to have expanded application in various industries due to ongoing technological improvements, and the rising demand for various types of actuators will enhance demand for them around the world.

The report segments the market into type, actuation, application, industry vertical, and geography. By type, the market is further segmented into linear and rotary. Based on actuation, the market is bifurcated into electric, hydraulic, pneumatic, and others. By application, the market is categorized into robotics, and process automation. By industry vertical, the robotics and automation actuators market is divided into automotive, electronics, aerospace and defense, chemicals and materials, pharmaceutical and healthcare, power generation, food and beverages, oil and gas, and others. Based on geography, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Asia Pacific (APAC) Region is Anticipated to Grow at a Highest CAGR during the Forecast Period, due to Rising Demand for Industrial Robots

The APAC robotics and automation actuators market has been expanding quickly, and this trend is anticipated to continue over the forecast period. But among the many reasons influencing the growth of the robotics and automation actuators market is the need for cost-effective, cutting-edge robotics and automation actuators, as well as the growing demand for contemporary robots and process automation in numerous business verticals. Japan and China are investing in robots and automation to modernize and gain a competitive edge. This could be an opportunity for manufacturers of robotic actuators and automation to strengthen their businesses in the Asia Pacific region.

Globalization of Smart City Development

Globally, there is a surge in the creation of smart cities due to the continuous, rapid urbanization trend. To handle and link thousands of dispersed sensors and actuators that leverage the Internet of Things (loT), smart cities use instrumentation and actuation technology. Electronically driven logistics applications are used in smart cities. Smart electrical actuators with built-in location feedback, power systems, and bus communication are efficient ways to translate control logic into intelligent motion. These actuators are designed for service robots, including cleaning robots, automated guided vehicles, automated parking systems, and surveillance robots.

Robotics and Automation Actuators Market

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Recent Strategic Developments in Robotics and Automation Actuators Market

The robotics and automation actuators market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2022, PDC LLC, a Pittsburgh-based valve and actuator manufacturer, announced the launch of its Electro-Hydraulic Actuators under their Magnus Force brand. PDC will utilize its growing representative and distribution network to penetrate targeted industries.
  • In June 2022, Emerson introduced its new AVENTICSTM Series Servo Profile Advanced (SPRA) Electric Actuators, a series of precise and incredibly repeatable rod-style cylinders. The SPRA actuators offer three screw technologies instead of the conventional market availability of just one screw type for electric actuators. These include a precision ball screw, which offers great durability and accuracy for applications requiring the best quality or throughput, a cost-effective lead screw alternative, and roller screws for precision, speed, and heavy loads.

Several players drive the robotics and automation actuators market by implementing strategic investments, new launches, mergers & acquisitions, and partnerships. Emerson Electric Co., ABB, Rockwell Automation, Altra Industrial Motion, and Moog are among the prominent players operating in the market.

Target Audience for the Robotics And Automation Actuators Market Report:

  • Raw material providers
  • Government bodies, such as associations and policy maker
  • Venture capitalists, private equity firms, and start-up companies
  • Semiconductor component suppliers
  • Distributors and sales firms
  • End users of robotics and automation actuators
  • Research institutes, organizations, and consulting companies

Scope of the robotics and automation actuators market report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Linear
    • Rotary
  • Actuation:
    • Electric
    • Hydraulic
    • Pneumatic
    • Others
  • Application:
    • Robotics
    • Process Automation
  • Industrial Vertical:
    • Automotive
    • Electronics
    • Aerospace and Defense
    • Chemicals and Materials
    • Pharmaceutical and Healthcare
    • Power Generation
    • Food and Beverages
    • Oil and Gas
    • Others
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East and Africa (MEA)
    • South and Central America (SAM)
  • Companies profiled
    • Emerson Electric Co.
    • ABB
    • Rockwell Automation
    • Altra Industrial Motion
    • Moog Plc.

Companies profiled

- Emerson Electric Co.

- ABB

- Rockwell Automation

- Altra Industrial Motion

- Moog Plc.

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