The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth Trajectory

• Steady Growth: The robotics and automation actuators market has experienced rapid expansion in recent years.
• Projected Growth: Expected to surge from $26.13 billion in 2023 to $29.86 billion in 2024, boasting a CAGR of 14.2%.
• Historical Drivers:
  • 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

Anticipated Growth and Emerging Trends

• Future Expansion: Forecasts predict remarkable growth, reaching $52.94 billion by 2028, with a CAGR of 15.4%.
• Factors Driving Future Growth:
  • 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:
  • 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

Industrial Robot Demand Spurs Market Growth

• Increasing Demand: Industrial robots witness growing demand, propelling the robotics and automation actuators market.
• Role of Electric Actuators: Electric actuators enable precision and high-speed automation in industrial settings.
• Statistics: Installation of industrial robots surged by 13% in 2021, signaling a rising trend in automation.
• Key Players: Market leaders include SMC Corporation, Rockwell Automation Inc., ABB Group, and others.

Technological Advancements Driving Innovation

• Focus on Innovation: Technological advancements drive innovation in the robotics and automation actuators sector.
• Smart Actuators: Companies like Ewellix introduce smart electro-mechanical actuators with enhanced capabilities.
• Benefits: Smart actuators offer features such as communication, built-in monitoring, precise position sensors, and control.
• Strategic Acquisitions: Altra Industrial Motion Corp acquires Nook Industries to strengthen its linear products segment.

Market Segmentation and Vertical Applications

• Types of Actuators:
  • Rotary Actuators
  • Linear Actuators
• Actuation Mechanisms:
  • Electric
  • Pneumatic
  • Hydraulic
• Applications:
  • Process Automation
  • Robotics
• Vertical Markets:
  • Food and Beverages
  • Power Generation
  • Chemicals
  • Paper and Plastics
  • Pharmaceutical and Healthcare
  • Automotive
  • Aerospace and Defense
  • Electronics and Electricals
  • Other Verticals

Regional Insights

• Market Dominance: Asia-Pacific emerged as the largest region in the robotics and automation actuators market in 2023.
• Future Prospects: The region is poised to continue its growth trajectory, driven by increasing industrialization and technological advancements.

View More On The Robotics And Automation Actuators Market Report 2024 – https://www.thebusinessresearchcompany.com/report/robotics-and-automation-actuators-global-market-report

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The Robotics And Automation Actuators Global Market Report 2024  provides comprehensive insights on the robotics and automation actuators market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the robotics and automation actuators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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