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How has the robotics and automation actuators market grown over the years?

In recent times, there has been a swift expansion in the market size of robotics and automation actuators. The projection suggests that it will rise from $29.38 billion in 2024 to $33.33 billion in 2025, with a compound annual growth rate (CAGR) of 13.4%. The significant growth during the last period was a result of multiple factors. They include industrial automation and manufacturing, the integration of robotics and automation in healthcare, the growing automotive industry, advancements in actuator technology, energy efficiency, cost-saving measures, and applications in aerospace and defense.

What Is the forecasted market size and growth rate for the robotics and automation actuators market?

The market for robotics and automation actuators is set to experience a significant expansion in the ensuing years, expecting to reach a substantial worth of $60.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.0%. This predicted growth within the forecast timeframe can be linked to factors such as the employment of flexible and collaborative robots, the trend towards miniaturization and lightweight actuators, the rising use of cobots (collaborative robots), the integration of IoT and Industry 4.0, advancements in healthcare and surgical robotics, and the advent of autonomous vehicles and drones. The upcoming period is also set to witness key developments such as the emergence of soft actuators and bio-inspired robotics, progress in haptic feedback and touch-sensitive actuators, the use of 3D printing to create bespoke actuators, actuators for wearable robotics and exoskeletons, actuators designed for human-robot interaction, and the application of AI for actuator control and optimization.

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What are the major factors driving growth in the robotics and automation actuators market?

There is an anticipated surge in the robotics and automation actuators market, fueled by the growing need for industrial robots. These mechanical machines or systems, programmable to autonomously carry out factory-related tasks, represent a form of flexible automation. The use of an electric actuator provides these robots with the ability to carry out extremely automated movements with high speed and precision. For example, the German-based International Federation of Robotics (IFR), known for its robotics technology advancements, reported in September 2023 that there were 553,052 new industrial robot installations globally in 2022. This marks a 5% increase from the previous year. A geographical analysis shows that Asia had 73% of these installations, while Europe and the Americas accounted for 15% and 10%, respectively. Consequently, the boom in the demand for industrial robots is fueling the expansion of the robotics and automation actuators market.

What key areas define the segmentation of the global robotics and automation actuators Market?

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

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What are the top market players propelling the growth of the robotics and automation actuators industry?

Major companies operating in the robotics and automation actuators market include SMC Corporation, Rockwell Automation Inc., Curtiss-Wright Corporation, ABB Group, Tolomatic Inc., Thomson Industries Inc., SKF Motion Technologies, Moog Inc., MISUMI Group Inc., Macron Dynamics Inc., DVG Automation SpA, Flowserve Corporation, Festo AG & Co. KG, Harmonic Drive LLC, Cedrat Technologies, Venture Mfg. Co., AUMA Riester GmbH & Co. KG, Altra Industrial Motion Corp., Israel Aerospace Industries Ltd., AB SKF, Nook Industries Inc., Rotomation Inc., Nook Industries Inc, Kollmorgen Corporation, Rotomation, FMC Technologies, Omron Adept Technologies

What are the key trends shaping the future of the robotics and automation actuators market?

The surge in technological progression is a dominant trend that is making waves in the robotics and automation actuator industry. To solidify their standing in the market, primary companies in the robotics and automation actuator realm are concentrating on constructing solutions that are technologically sophisticated, incorporating smart actuators into their product range. Ewellix, a linear motion solutions provider hailing from Sweden, has introduced an intelligent electro-mechanical actuator with enhanced capabilities suited for deployment in agriculture and construction machinery. The novel actuator boasts four fresh or boosted features, comprising communication, integrated monitoring and diagnostics, accurate position sensors, and in-control.

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What regions are dominating 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.

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