Robotics and Automation Actuators Market - Global Forecast to 2024
1 Introduction
- 1.1 Objectives Of The Study
- 1.2 Market Definition
- 1.3 Market Scope
- 1.3.1 Markets Covered
2 Research Methodology
- 2.1 Research Data
- 2.1.1.1 Key Data From Secondary Sources
3 Executive Summary
4 Premium Insights
- 4.1 Attractive Opportunities In Robotics And Automation Actuators Market, 2019-2024
- 4.2 Robotics And Automation Actuators Market, By Actuation
- 4.3 Robotics And Automation Actuators Market, By Country
5 Market Overview
- 5.1 Introduction
- 5.2 Market Dynamics
- 5.2.1.1 Technological Advancements In Actuators
6 Industry Trends
- 6.1 Introduction
- 6.2 Evolution
- 6.3 Evolution Of Actuators
- 6.4 Technology Trends
- 6.4.1 Smart Actuators
7 Robotics And Automation Actuators, By Actuation
- 7.1 Introduction
- 7.2 Electric
- 7.2.1 High Demand For Electric Actuators In Robotic Applications To Boost The Demand For Actuators
8 Robotics And Automation Actuators Market, By Type
- 8.1 Introduction
- 8.2 Linear
- 8.2.1.1 Increasing Demand For Rod Driven Actuators In The Aerospace &Defense & Process Automation Industry
9 Robotics And Automation Actuators, By Application
- 9.1 Introduction
- 9.2 Process Automation
- 9.2.1.1 Continuous Innovation In Industrial Robotics Boosts Its Adoption In Manufacturing
10 Robotics And Automation Actuators Market, By Industry
- 10.1 Introduction
- 10.2 Food & Beverages
- 10.2.1 The Need For Increased Automation And Enhancing The Capacity Of Existing Plants Are Expected To Drive The Market In Food & Beverages Industry
11 Robotics And Automation Actuators, By Design Characteristics
- 11.1 Introduction
- 11.2 By Load
- 11.2.1 High (Above 10 Kn)
12 Regional Analysis
- 12.1 Introduction
- 12.2 North America
- 12.2.1.1 Requirement For Quality Control, Safety, And Sanitation Has Led To The Adoption Of Industrial Control And Factory Automation In The Us
13 Competitive Landscape
- 13.1 Introduction
- 13.2 Competitive Leadership Mapping
- 13.2.1 Visionary Leaders
14 Company Profiles
(Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View)*
- 14.1 Introduction
- 14.2 Abb
- 14.3 Rockwell Automation
- 14.4 Moog
- 14.5 Curtiss Wright (Exlar)
- 14.6 Altra Industrial Motion
- 14.7 Smc
- 14.8 Misumi Group Inc.
- 14.9 Skf
- 14.10 Dvg Automation
- 14.11 Festo
- 14.12 Harmonic Drive Llc
- 14.13 Iai
- 14.14 Kollmorgen
- 14.15 Macron Dynamics
- 14.16 Nook Industries, Inc.
- 14.17 Rotomation
- 14.18 Tolomatic
- 14.19 Venture Mfg. Co.
- 14.20 Cedrat Technologies
- 14.21 Kinitics Automation
*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case Of Unlisted Companies.
15 Appendix
- 15.1 Discussion Guide
- 15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
- 15.3 Available Customization
- 15.4 Related Reports
- 15.5 Author Details
The robotics and automation actuators market size is expected to grow from USD 15.7 billion in 2019 to USD 30.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.36% during the forecast period. The market for robotics and automation actuators is driven due to the increased use of electric actuators and compact pneumatic actuators in robotics and automation applications across the globe. However, formulation and stringent implementation of various regulations to ensure increased safety, reduced power consumption, and noise and leak elimination in robotics and automation actuators are expected to restrain the growth of the robotics and automation actuators market across the globe.
Electric actuation to grow at highest CAGR during the forecast period in robotics and automation actuators market
On the basis of actuation, the robotics and automation actuators market has been segmented into pneumatic, hydraulic, and electric. The electric actuation segment is projected to grow at the highest CAGR during the forecast period. Electric actuators are expected to replace hydraulic and pneumatic actuators due to their higher efficiency and greater levels of control. Major manufacturers of electric actuators include Thomson Linear, SMC, ABB, Rockwell Automation, and Curtiss Wright, among others.
Process automation segment is estimated to account for the largest market share in the robotics and automation actuators market in 2019
The application segment of global robotics and automation actuators market has been further segmented into robotics and process automation. The automation of parts includes various application areas across different industrial verticals where automation actuators are used. The robotics part includes the robotic actuators required for industrial robots and the service robots which are used across different industrial verticals. The demand for factory automation is increasing across industries due to the changing consumption patterns, and production of goods and services. For example, in the food & beverages industry, manufacturers are employing mass customization capabilities to address the changing needs of customers.
The robotics and automation actuators market in Asia Pacific is projected to grow at the highest CAGR
The Asia Pacific region is estimated to lead the global robotics and automation actuators market in 2019, and is expected to continue to lead during the forecast period. This region is upgrading various capabilities by undertaking developments in the field of actuators. China and India are primarily investing in robotics and automation to enhance and gain a tactical edge. This is an excellent opportunity for robotics and automation actuator manufacturers to strengthen their businesses in the Asia Pacific region.