Top Growth Trends in the Robotics And Automation Actuators Market: Key Insights and Opportunities for 2025-2034
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How Does the Projected Growth of the Robotics And Automation Actuators Market Compare Over the Forecast Period?
In recent times, the market size for robotics and automation actuators has experienced swift expansion. Predictions assert growth from a $29.38 billion value in 2024 to a $33.33 billion worth in 2025, which equates to a compound annual growth rate (CAGR) of 13.4%. The previous growth periods can be traced back to enhancements in industrial automation and manufacturing, incorporation of robotics and automation in healthcare, the development of the automotive industry, advancements in the field of actuator technology, strides towards energy efficiency and cost reductions as well as applications in the realms of aerospace and defense.
The market for robotics and automation actuators is projected to see significant expansion in the coming few years. The estimated growth is up to $60.4 billion by 2029, with a compound annual growth rate (CAGR) of 16.0%. Several factors contribute to this anticipated growth during the forecast period, including the increased use of collaborative and flexible robotics, the miniaturization and introduction of lightweight actuators, the uptake of cobots (collaborative robots), the integration of IoT and Industry 4.0, the application in healthcare and surgical robotics, as well as autonomous vehicles and drones. The forecast period is expected to spotlight trends such as soft actuators and bio-inspired robotics, touch-sensitive actuators and haptic feedback, 3D printed custom actuators, actuators designed for exoskeletons and wearable robotics, actuators built for human-robot interaction, and AI-based control and optimization of actuators.
What Strategic Factors Are Influencing the Accelerated Growth of the robotics and automation actuators Market?
The rise in the need for industrial robots is set to drive the rapid expansion of the robotics and automation actuators market. These industrial robots are mechanical devices or machines, programmed to independently carry out productive tasks in industrial environments. Known for their flexibility and reprogrammability, they are used for a variety of applications. The electric actuator is a key component that allows these robots to conduct high-precision and swift automated motion sequences. As per a report from September 2023 by the International Federation of Robotics (IFR), a Germany-based organization dedicated to the advancement of robotics technologies, it was stated that there was a 5% growth with 553,052 new industrial robot installations around the globe in 2022 compared to the previous year. When broken down by region, it was observed that Asia had the majority with 73% of installations, followed by Europe with 15%, and the Americas with 10%. Consequently, the growing need for industrial robots directly influences the boom in the robotics and automation actuators market.
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Who Are the Key Players Steering the Development of the Robotics And Automation Actuators Market?
Major companies operating in the robotics and automation actuators market include:
• SMC Corporation_x000D_
• Rockwell Automation Inc._x000D_
• Curtiss-Wright Corporation_x000D_
• ABB Group_x000D_
• Tolomatic Inc._x000D_
How Are Consumer Trends Shaping the Current and Future Landscape of the Robotics And Automation Actuators Market?
The proliferation of technological innovation is a significant trend that is becoming increasingly popular in the robotics and automation actuator market. The main companies operating in the robotics and automation actuator industry are concentrating their efforts on crafting technologically superior solutions, such as smart actuators, to consolidate their market dominance. Ewellix, a producer and supplier of linear motion solutions based in Sweden, unveiled a smart electro-mechanical actuator with enhanced capabilities for use in agricultural and construction machinery. The upgraded smart actuator provides four new or refined functionalities including communication, integrated monitoring and diagnostics, accurate position sensors, and in-control features.
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What Are the Core Categories and Segments in the Robotics And Automation Actuators Market Driving Demand and Growth?
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
Subsegments:
1) By Rotary Actuators: Electric Rotary Actuators, Hydraulic Rotary Actuators, Pneumatic Rotary Actuators, Mechanical Rotary Actuators
2) By Linear Actuators: Electric Linear Actuators, Hydraulic Linear Actuators, Pneumatic Linear Actuators, Mechanical Linear Actuators
Which Geographical Regions Are Shaping the Robotics And Automation Actuators Market Growth?
Asia-Pacific was the largest region in the robotics and automation actuators market in 2024. 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.
What Are the Defining Aspects of the Robotics And Automation Actuators Market Landscape?
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.
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