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Robotics and Automation Actuators Market Size, Trends [2030]

Robotics and Automation Actuators Market

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Segments - by Applications (Process Automation and Robotics), Actuation (Hydraulic, Pneumatic, and Electric), Types (Rotary Actuators and Linear Actuators), Verticals (Agriculture & Forestry, Inspection, Maintenance & Cleaning, Logistics, Electronics & Electricals, Marine, Aerospace & Defense, Automotive, Pharmaceutical & Healthcare, Chemicals, Paper & plastics, Power Generation, Metal Mining & Machinery, Oil & Gas, Food & Beverages, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

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Report Description

The robotics and automation actuators market size was valued at USD 18.5 Billion in 2021 and is projected to reach USD 45 Billion by 2030, expanding at a CAGR of around 15% during the forecast period, 2022-2030. The growth of the market is attributed to the implementation of innovative actuators such as shape memory alloy actuators, pneumatic muscle arm actuators, and compact electric actuators.

Automated processes and machines are used extensively in modern industries, Due to their great performance and reduced need for human interaction. Such automated machinery depends heavily on actuators to operate. They also aid in regulating the system's motion, which guarantees a smooth and simple operation.

Actuators systems have seen increased demand as a result of rising need for automation and rising productivity and efficiency of numerous industrial processes. Growth of the market is attributed to increasing demand from commercial, transportation, and oil & gas sectors globally. The automation sector has been badly impacted by the Covid-19 pandemic.

The global lockout is causing significant losses for large organizations. Investments in the automation sector, which were previously slow, are now expected to be delayed or put on hold for almost to a year as a result of the epidemic. To create the necessary infrastructural facilities to stop the spread of COVID-19, nations all over the world gave the healthcare sector priority when allocating their spending from the aerospace, defense, and automobile industries.

Market Trends, Drivers, Restraints, and Opportunities

Technological advancement in automation and robotics is projected to drive the market during the forecast period.
Increasing use of actuators in industries such as chemicals, aerospace & defense, automation, and mining is expected to boost the market in the coming years.
Oil and gas exploration efforts around the world have been impacted by ongoing changes in the oil and gas business, including lower oil prices.
The fluctuation of crude oil prices is estimated to hinder the market growth during the projected period.
High maintenance cost is anticipated to hamper the market growth during the forecast period.

Scope of the Report

The report on the global robotics and automation actuators market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Robotics and Automation Actuators Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2022 – 2030
Segmentation	Applications (Process Automation and Robotics), Actuation (Hydraulic, Pneumatic, and Electric), Types (Rotary Actuators and Linear Actuators), Verticals (Agriculture & Forestry, Inspection, Maintenance & Cleaning, Logistics, Electronics & Electricals, Marine, Aerospace & Defense, Automotive, Pharmaceutical & Healthcare, Chemicals, Paper & plastics, Power Generation, Metal Mining & Machinery, Oil & Gas, Food & Beverages, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	SMC, Rockwell Automation, Curtis Wright, Altra Industrial Motion, ABB, Tolomatic, Inc., Thomson Industries, Inc., SKF Motion Technologies, Rotomation, Moog Inc., MISUMI Group Inc., Macron Dynamics Inc., DVG Automation S.p.A., and Curtiss-Wright Corporation

Market Segment Insights

The robotics segment is anticipated to expand at a high CAGR during the forecast period

Based on applications, the market is bifurcated into process automation and robotics. The robotics segment is anticipated to expand at a high CAGR during the forecast period. The robotics segment is further bifurcated into service robots and industrial robots. Organizations are becoming more interested in using industrial robots in their factories as a result the segment is driving, while service robots are employed for both business and personal purposes.

The electric segment is projected to grow at a rapid pace in the coming years

On the basis of actuations, the market is segregated into hydraulic, pneumatic, and electric. The electric segment is projected to grow at a rapid pace in the coming years. Growth of the segment is attributed to rising power output, reduced system weight, and high-power efficiency.

The rotary actuators segment is estimated to hold a major market share during the forecast period

Based on types, the market is divided into rotary actuators and linear actuators. The rotary actuators segment is estimated to hold a major market share during the forecast period. They are employed to develop rotational motion using electric energy. These actuators, which are driving the market, are typically employed in automation applications like valves and gates as well as in sectors where precise positioning of end effectors is necessary, such as the movement of valves in pipelines.

The automotive segment is estimated to account for a major market share

In terms of verticals, the market is fragmented into agriculture & forestry, inspection, maintenance & cleaning, logistics, electronics & electricals, marine, aerospace & defense, automotive, pharmaceutical & healthcare, chemicals, paper & plastics, power generation, metal mining & machinery, oil & gas, food & beverages, and others.

The automotive segment is estimated to hold a key market share during the forecast period. Growth of the segment is attributed to introduction of industry 4.0 in the automotive and manufacturing industries. The aerospace & defense segment is expected to grow at a substantial rate owing to an increase in aircraft deliveries. Additionally, increasing purchases of next-generation weaponry and modern fighting technologies are propelling the market.

Asia Pacific is anticipated to dominate the market

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. Countries in the region are making advancements in the field of actuators. To improve and achieve a strategic advantage in process automation, China and Japan are primarily investing in robots and automation.

Segments

The global robotics and automation actuators market has been segmented on the basis of

Applications

Process Automation
Robotics

Actuation

Hydraulic
Pneumatic
Electric

Types

Rotary Actuators
Linear Actuators

Verticals

Agriculture & Forestry
Inspection, Maintenance, & Cleaning
Logistics
Electronics & Electricals
Marine
Aerospace & Defense
Automotive
Pharmaceutical & Healthcare
Chemicals
Paper & plastics
Power Generation
Metal Mining & Machinery
Oil & Gas
Food & Beverages
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

SMC
Rockwell Automation
Curtis Wright
Altra Industrial Motion
ABB
Tolomatic
Inc.
Thomson Industries
Inc.
SKF Motion Technologies
Rotomation
Moog Inc.
MISUMI Group Inc.
Macron Dynamics Inc.
DVG Automation S.p.A.
Curtiss-Wright Corporation

Competitive Landscape

Key players competing in the robotics and automation actuators market include SMC, Rockwell Automation, Curtis Wright, Altra Industrial Motion, ABB, Tolomatic, Inc., Thomson Industries, Inc., SKF Motion Technologies, Rotomation, Moog Inc., MISUMI Group Inc., Macron Dynamics Inc., DVG Automation S.p.A., and Curtiss-Wright Corporation.

Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years. For instance,

In April 2021, Rockwell Automation engaged established a relationship with Comau to facilitate robot integration for manufacturers.
In May 2019, the "PA Series NFPA Actuator" was introduced by Bimba Manufacturing Company, a market-leading provider of pneumatic, hydraulic, and electric motion solutions. It is intended to transform pneumatic energy into linear force and motion.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Robotics and Automation Actuators Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Robotics and Automation Actuators Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Robotics and Automation Actuators Market - Supply Chain
  4.5. Global Robotics and Automation Actuators Market Forecast
     4.5.1. Robotics and Automation Actuators Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Robotics and Automation Actuators Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Robotics and Automation Actuators Market Absolute $ Opportunity
5. Global Robotics and Automation Actuators Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Robotics and Automation Actuators Market Size and Volume Forecast by Types
     5.3.1. Rotary Actuators
     5.3.2. Linear Actuators
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Robotics and Automation Actuators Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Robotics and Automation Actuators Market Size and Volume Forecast by Applications
     6.3.1. Hydraulic
     6.3.2. Pneumatic
     6.3.3. Electric
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Robotics and Automation Actuators Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Robotics and Automation Actuators Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Robotics and Automation Actuators Demand Share Forecast, 2019-2026
8. North America Robotics and Automation Actuators Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Robotics and Automation Actuators Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Robotics and Automation Actuators Market Size and Volume Forecast by Types
     8.4.1. Rotary Actuators
     8.4.2. Linear Actuators
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Robotics and Automation Actuators Market Size and Volume Forecast by Applications
     8.7.1. Hydraulic
     8.7.2. Pneumatic
     8.7.3. Electric
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Robotics and Automation Actuators Demand Share Forecast, 2019-2026
9. Latin America Robotics and Automation Actuators Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Robotics and Automation Actuators Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Robotics and Automation Actuators Market Size and Volume Forecast by Types
     9.4.1. Rotary Actuators
     9.4.2. Linear Actuators
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Robotics and Automation Actuators Market Size and Volume Forecast by Applications
     9.7.1. Hydraulic
     9.7.2. Pneumatic
     9.7.3. Electric
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Robotics and Automation Actuators Demand Share Forecast, 2019-2026
10. Europe Robotics and Automation Actuators Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Robotics and Automation Actuators Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Robotics and Automation Actuators Market Size and Volume Forecast by Types
     10.4.1. Rotary Actuators
     10.4.2. Linear Actuators
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Robotics and Automation Actuators Market Size and Volume Forecast by Applications
     10.7.1. Hydraulic
     10.7.2. Pneumatic
     10.7.3. Electric
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Robotics and Automation Actuators Demand Share Forecast, 2019-2026
11. Asia Pacific Robotics and Automation Actuators Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Robotics and Automation Actuators Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Robotics and Automation Actuators Market Size and Volume Forecast by Types
     11.4.1. Rotary Actuators
     11.4.2. Linear Actuators
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Robotics and Automation Actuators Market Size and Volume Forecast by Applications
     11.7.1. Hydraulic
     11.7.2. Pneumatic
     11.7.3. Electric
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Robotics and Automation Actuators Demand Share Forecast, 2019-2026
12. Middle East & Africa Robotics and Automation Actuators Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Robotics and Automation Actuators Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Robotics and Automation Actuators Market Size and Volume Forecast by Types
     12.4.1. Rotary Actuators
     12.4.2. Linear Actuators
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Robotics and Automation Actuators Market Size and Volume Forecast by Applications
     12.7.1. Hydraulic
     12.7.2. Pneumatic
     12.7.3. Electric
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Robotics and Automation Actuators Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Robotics and Automation Actuators Market: Market Share Analysis
  13.2. Robotics and Automation Actuators Distributors and Customers
  13.3. Robotics and Automation Actuators Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. SMC
     13.4.2. Rockwell Automation
     13.4.3. Curtis Wright
     13.4.4. Altra Industrial Motion
     13.4.5. ABB
     13.4.6. Tolomatic
     13.4.7. Inc.
     13.4.8. Thomson Industries

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