1 Introduction 1.1 Objectives Of The Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Markets Covered 1.3.2 Regional Scope 1.3.3 Years Considered For The Study 1.4 Currency 1.5 Stakeholders 2 Research Methodology 2.1 Research Data 188.8.131.52 Key Data From Secondary Sources 184.108.40.206 Key Data From Primary Sources 220.127.116.11 Breakdown Of Primaries 2.1.1 Secondary Data 2.1.2 Primary Data 2.1.3 Breakdown Of Primary Interviews By Company Type, Designation, And Region 2.2 Market Size Estimation 2.3 Market Definition & Scope 18.104.22.168 Robotics And Automation Actuators Market, By Actuation 22.214.171.124 Robotics And Automation Actuators Market, By Type 126.96.36.199 Robotics And Process Automation Actuators Market, By Application 188.8.131.52 Robotics And Automation Actuators Market, By Industry 184.108.40.206 Robotics And Automation Actuators Market, By Design Characteristics 2.3.1 Segments And Subsegments 2.3.2 Segment Definitions 2.3.3 Exclusions 2.4 Research Approach & Methodology 220.127.116.11 Regional Robotics And Automation Actuators Market 18.104.22.168 General Approach For The Robotics And Automation Actuators Market 22.214.171.124 Robotics And Automation Actuators Market By Actuation Segment 126.96.36.199 Robotics And Automation Actuators Market By Type Segment 188.8.131.52 Robotics And Automation Actuators Market By Application Segment 184.108.40.206 Robotics And Automation Actuators Market By Industry Segment 220.127.116.11 Robotics And Automation Actuators Market By Design Characteristics Segment 2.4.1 Bottom-up Approach 2.4.2 Top-down Approach 2.4.3 Pricing Analysis 2.5 Triangulation & Validation 2.5.1 Triangulation Through Secondary 2.5.2 Triangulation Through Primaries 2.6 Research Assumptions 2.6.1 Market Sizing 2.6.2 Market Forecasting 2.7 Risks 2.8 Others 2.8.1 Limitations/Gray Areas 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 18.104.22.168 Technological Advancements In Actuators 22.214.171.124 Rising Demand For Robots 126.96.36.199 Digitalization Of Production Processes 188.8.131.52 Increased Investments In Automation Across Industry Verticals 184.108.40.206 High Overall Installation Cost For Low-volume Production 220.127.116.11 Increasing Demand For Low-cost Industrial Robots Capable Of Working In Collaboration With Humans 18.104.22.168 Use Of Advanced Actuators In Different Verticals 22.214.171.124 Power Consumption, Noise, And Leak Issues 126.96.36.199 Lack Of Standard Protocols To Manufacture The Products 188.8.131.52 Lack Of Skilled Personnel 5.2.1 Drivers 5.2.2 Restraints 5.2.3 Opportunities 5.2.4 Challenges 6 Industry Trends 6.1 Introduction 6.2 Evolution 6.3 Evolution Of Actuators 6.4 Technology Trends 6.4.1 Smart Actuators 6.4.2 Hybrid Actuators 6.4.3 Mems Actuators 6.4.4 Voice Coil Actuators 6.5 Standards And Regulations 6.6 Patent Analysis 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 7.3 Pneumatic 7.3.1 Increasing Demand For Pnuematic Actuators In High Precision Applications To Drive The Demand For Pneumatic Actuators 7.4 Hydraulic 7.4.1 Hydrualic Actuators More Efficient For High Load Industrial Applications 7.5 Others 7.5.1 Piezeoelectric Actuators To Witness High Market Potential In Future 8 Robotics And Automation Actuators Market, By Type 8.1 Introduction 8.2 Linear 184.108.40.206 Increasing Demand For Rod Driven Actuators In The Aerospace &Defense & Process Automation Industry 220.127.116.11 Increasing Use Of Screw Driven Actuators In Servo Motors, Drive And Control Hardware, And Sensors 18.104.22.168 Rising Use Of Belt Driven Actuators In Increasing And Enhancing Operational Efficiency Of Process Automation 8.2.1 Rod Type Actuators 8.2.2 Screw Type Actuators 8.2.3 Belt Type Actuators 8.3 Rotary 22.214.171.124 Impressive Surge In The Sales Of Industrial Robots To Drive To Growth Of Motors During The Forecast Period 126.96.36.199 Increasing Use Of Rotary Actuators In Gates And Valves Used In Process Industries Is Expected To Increase The Demand For Bladder & Vane Actuators 188.8.131.52 Increased Use Of Piston Actuators For Precision Control Applications In Electronics Industry Is Expected To Increase The Demand For Piston-type Actuators 8.3.1 Motor 8.3.2 Bladder & Vane Actuators 8.3.3 Piston Type Actuators 9 Robotics And Automation Actuators, By Application 9.1 Introduction 9.2 Process Automation 184.108.40.206 Continuous Innovation In Industrial Robotics Boosts Its Adoption In Manufacturing 220.127.116.11 Need For Mass Production And Connected Supply Chain To Drive The Growth In This Application 18.104.22.168 Rising Demand For Automation From Manufacturing And Process Industries For Streamlined Process To Boost The Demand For Actuators 22.214.171.124 Increasing Demand For Process Automation From Core Industries To Drive The Demand In This Application 9.2.1 Machinery 9.2.2 Material Handling 9.2.3 Flow Control 9.2.4 Ventilation 9.2.5 Others 9.3 Robotics 126.96.36.199.1 Articulated Robots Are Used In Many Different Applications Owing To Increased Payload Capacity, Reliability, And Speed 188.8.131.52.1 Best Price-to-performance Ratio For A High-speed Robot Is Driving The Demand For Scara Robots 184.108.40.206.1 The Growth Can Be Attributed To Its Usage In High-speed Requirment Applications 220.127.116.11.1 Simpler Controls, With A High Degree Of Mechanical Rigidity, Accuracy, And Repeatability Are Driving The Growth For This Market 18.104.22.168.1 Increase In Demand For Low-cost Industrial Robots Capable Of Working In Collaboration With Humans 22.214.171.124 Articulated Robot 126.96.36.199 Scara Robot 188.8.131.52 Parallel Robot 184.108.40.206 Cartesian Robot 220.127.116.11 Collaborative Robot 18.104.22.168 Others 9.3.1 Industry Robots 9.4 Service Robots 22.214.171.124.1 Increasing Demand For Automated Guided Vehicles In Factories, Warehouses, Logistic Centers, Hospitals To Drive The Growth In This Segment 126.96.36.199.1 High Demand For Medical Robots Owing To The Subsequent Increase In Joint & Vascular Diseases, And Other Chronic Conditions 188.8.131.52.1 High Potential For Exoskeletons To Drive The Growth For Actuators 184.108.40.206.1 Increasing Demand From Utility Applications To Drive The Growth In This Application 220.127.116.11.1 Increased Demand For Robots In Applications Such As Isr, Search And Rescue, Combat Support, Transportation, Eod, Mine Clearance, And Firefighting 18.104.22.168.1 Increased Demand For Robots To Conduct Lifting And Material Handling Applications 22.214.171.124.1 High Demand From Entertainment Segment To Drive The Demand In This Category 126.96.36.199 Logistics Robots 188.8.131.52 Medical Robots 184.108.40.206 Exoskeleton 220.127.116.11 Field Robots 18.104.22.168 Military Robots 22.214.171.124 Construction Robots 126.96.36.199 Public Relation Robots 188.8.131.52 Higher Demand For Service Robots In Domestic Applications 9.4.1 Professional Robots 9.4.2 Personal Robots 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 10.3 Oil & Gas 10.3.1 Increasing Oil&Gas Exploration Activities In Asia Pacific Region To Drive The Growth Of This Market 10.4 Metals, Mining, & Machinery 10.4.1 Requirement Of Robust Actuators In Mining Industry Will Drive The Growth In This Market 10.5 Power Generation 10.5.1 Increasing Spend On Renewable Power Generation Activities Is Expected To Increase The Demand For Actuators 10.6 Chemicals, Paper, And Plastics 10.6.1 Increasing Industrialization And Stringent Environmental Regulations Are Driving The Market For Actuators In This Segment 10.7 Pharmaceutical & Healthcare 10.7.1 Stringent Regulations & Increacing Demand For Surgical Robots In Healthcare Industry Is Boosting The Demand For Actuators In This Sector 10.8 Automotive 10.8.1 Increased Demand For Industrial Robots In Automotive Sector To Drive The Growth In This Segment 10.9 Aerospace & Defense 10.9.1 Increasing Defense Expenditures, Growth In Commercial Aviation And Ongoing Military Modernization Programs Are Driving The Demand For Actuators Across The Globe 10.10 Marine 10.10.1 Demand From Commercial Shipbuilding Is Driving The Growth Of The Market 10.11 Electronics & Electricals 10.11.1 The Growth Can Be Attributed To Continuously Increasing Demand For Batteries, Chips And Displays 10.12 Construction 10.12.1 Increased Demand For Robots To Conduct Lifting And Material Handling Applications To Boost The Demand For Actuators 10.13 Utilities 10.13.1 Increasing Demand For Logisitcs, Agriculture, & Field Robots To Drive The Growth In This Market 10.14 Household & Entertainment 10.14.1 Increasing Demand For Service Robots In Domestic Applications Is Increasing The Demand For Actuators In This Segment 11 Robotics And Automation Actuators, By Design Characteristics 11.1 Introduction 11.2 By Load 11.2.1 High (Above 10 Kn) 11.2.2 Medium (1 To 10 Kn) 11.2.3 Low (Below 1 Kn) 11.3 By Torque 11.3.1 High (Above 500 Nm) 11.3.2 Medium (100 To 500 Nm) 11.3.3 Low (Below 100 Nm) 12 Regional Analysis 12.1 Introduction 12.2 North America 184.108.40.206 Requirement For Quality Control, Safety, And Sanitation Has Led To The Adoption Of Industrial Control And Factory Automation In The Us 220.127.116.11 Increased Investment In Canadian Process And Discrete Industries 18.104.22.168 Shift In Production Approach From Conventional Practices To Digitalized Methods 12.2.1 Us 12.2.2 Canada 12.2.3 Mexico 12.3 Europe 22.214.171.124 Demand Can Be Attributed To Increasing Adoption Of Process Automation And Instrumentation Solutions In Automotive, Energy & Power, And Other Process Industries In Germany 126.96.36.199 Dynamic Demographics And High-quality Infrastructure Are Positively Impacting The Growth Of Various Process Industries In France 188.8.131.52 Increasing Use Of Robots In The Field Of Medicine, Transport, Space, Automotive, And Manufacturing To Drive The Growth In The Uk 184.108.40.206 Significant Growth Of Robot Installations To Drive The Growth In Italy 220.127.116.11 Highly Innovative Swiss Start-ups In Robotics To Drive The Growth In This Market 18.104.22.168 Increasing Demand For Energy-efficient Solutions And Rising Investments To Develop The Infrastructure Of Manufacturing Industries 12.3.1 Germany 12.3.2 France 12.3.3 Uk 12.3.4 Italy 12.3.5 Switzerland 12.3.6 Rest Of Europe 12.4 Asia Pacific 22.214.171.124 The Continual Need To Increase Automation And Huge Market Growth Potential For Industrial Robots To Drive The Growth In China 126.96.36.199 Development And Production Of Electric Cars Have Led To Increasing Investments In Industrial Robotics 188.8.131.52 Increasing Automation In Indian Industrial Sectors To Make Manufacturing Processes More Efficient And Meet Global Quality Standards 184.108.40.206 High Density Of Industrial Robots In Korea Is Attributed To The Huge Investment In The Electronics Industry 220.127.116.11 Recent Surge Of Interest In Robot Solutions For The Electronics And Semiconductor Industry Is Creating Opportunities For Taiwan 18.104.22.168 Rising Need For High-quality Products, Along With Increased Production Rates To Drive The Growth In This Countries 12.4.1 China 12.4.2 Japan 12.4.3 India 12.4.4 South Korea 12.4.5 Taiwan 12.4.6 Rest Of Apac 12.5 Row 22.214.171.124 Rising Requirement For Oils And Increasing Spending On Infrastructure Are Encouraging The Process Industries In This Region 126.96.36.199 Growing Industrialization And Upsurge In Process Tracking And Compliances Are Driving The Growth Of The Process Automation And Instrumentation Market In This Region 188.8.131.52 Rising Digitalization Initiatives, Ongoing Infrastructural Developments, And Increasing R&D Investments Are Driving The Growth Of The Process Automation And Instrumentation Market In Africa 12.5.1 Middle East 12.5.2 Latin America 12.5.3 Africa 13 Competitive Landscape 13.1 Introduction 13.2 Competitive Leadership Mapping 13.2.1 Visionary Leaders 13.2.2 Innovators 13.2.3 Dynamic Differentiators 13.2.4 Emerging Companies 13.3 Ranking Of Key Players, 2018 13.4 Competitive Scenario 13.4.1 New Product Developments 13.4.2 Mergers & Acquisitions 13.4.3 Contracts 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.
Robotics and Automation Actuators Market Market Report
Summary: Get latest Market Research Reports on Robotics and Automation Actuators Market. Industry analysis & Market Report on Robotics and Automation Actuators Market is a syndicated market report, published as Robotics and Automation Actuators Market - Global Forecast to 2024. It is complete Research Study and Industry Analysis of Robotics and Automation Actuators Market market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
Last updated on 12 March, 2019