Robotics and automation actuators are devices that are used in robotic and automated systems to control movement, apply force, or perform specific actions. These actuators are a critical component of robotic and automated machinery, enabling machines to perform precise and repetitive tasks with accuracy and efficiency. There are different types of robotics and automation actuators, each with unique capabilities and applications.
According to a new report published by Allied Market Research, titled, “Robotics and Automation Actuators Market by Type (Rotary, Linear), by Actuation (Electrical, Mechanical, Hydraulic, Pneumatic), by End Use Industry (Oil and Gas, Chemicals and CPI, Water and Wastewater, Paper and Pulp, Mining, Automotive, Food and Beverages, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032,” the robotics and automation actuators market was valued at $13.2 billion in 2022, and is estimated to reach $45.2 billion by 2032, growing at a CAGR of 13.2% from 2023 to 2032.
The key players profiled in the report include ABB Ltd, Altra Industrial Motion (Regal Rexnord), Crane Holdings, Co., Curtiss-Wright Corporation, Flowserve Corporation, IMI, MISUMI Group Inc., Moog, Rockwell Automation, and SMC Corporation Market players have adopted various strategies such as product launch, product development, collaboration, partnership, joint venture, and acquisition to expand their foothold in the robotics and automation actuators industry.
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The robotics and automation actuators market analysis is anticipated to expand significantly during the forecast period owing to increasing demand for industrial robots, process enhancement ability in 3D printing using linear actuators, and surge in use of robots in healthcare and transportation sector.
Additionally, during the forecast period, the robotics and automation actuators market is anticipated to increase the use of intelligent actuators for robotics and industrial automation. On the other hand, growth in the robotics and automation actuators market is expected to be restrained by high installation costs.
The robotics and automation actuators market is segmented on the basis of type, actuations, end use industries, and region.
On the basis of type, the market is divided into rotary, and linear. In 2022, the linear segment dominated the market, in terms of revenue, and it is anticipated to acquire major market share till 2032. On the basis of actuations, the market is segregated into electrical, mechanical, hydraulic, and pneumatic. The pneumatic segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2023 to 2032.
On the basis of end use industries, the market is segregated into oil and gas, chemicals and cpi, water and wastewater, paper and pulp, mining, automotive, food and beverages, and others. The automotive segment acquired the largest share in 2021 and is expected to grow at a significant CAGR from 2023 to 2032.
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Region-wise, the robotics and automation actuators market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Europe remain significant participants in the robotics and automation actuators market.
Key Findings of the Study
The robotics and automation actuators market growth is expected to witness significant growth in the coming years, driven by increasing demand for automation across various industries, advancements in robotics technology, and the need for precise control in industrial processes.
Other factors driving the growth of the robotics and automation actuators market share include the increasing use of automation in the healthcare industry for surgeries and patient care, the growing demand for energy-efficient solutions, and the increasing adoption of industrial IoT (IIoT) for process optimization with the help of industrial automation actuators.
Pneumatic is expected to be the fastest-growing market for robotics and automation actuators market size, driven by the increasing demand for automation in rural areas in countries such as China, India, and Japan.
The robotics and automation actuators market is highly competitive, with several major players operating globally. To remain competitive, companies are focusing on product innovation, strategic partnerships, and expanding their distribution networks.