Just how big is the Robotic Actuator market globally

Posted by Robbie Dickson on

Robotics Actuator Market Size. 

how big is the robotics market

The robotic actuator market is a rapidly growing market, driven by the increasing adoption of robotics and automation in various industries such as manufacturing, healthcare, and transportation. According to a recent market research report, the global robotic actuator market size was valued at USD 40 billion in 2023 and is projected to reach USD 155 billion by 2030 according to Precedence Research.

The growth of the robotic actuator market is driven by the increasing adoption of industrial robots, rising demand for automation in manufacturing, and the growing use of robots in the healthcare and transportation sectors. Additionally, the increasing use of advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) are also expected to drive market growth.

The Asia Pacific region is expected to witness the highest growth during the forecast period, owing to the increasing adoption of robotic actuators in countries such as China, Japan, and South Korea. The market in North America and Europe is also expected to grow at a significant rate.

It's worth noting that the robotic actuator market is a rapidly changing and evolving market and the numbers may vary based on the source of the data, the definition of the market and the forecasting period.

Who are the top manufacturers of actuators in the robotics market

There are several top manufacturers of actuators in the robotics market, some of the companies that are considered as leaders in the field include:
  • FIRGELLI Automations.  Firgelli Automations is a leading provider of linear actuators and other motion control products. They offer a wide range of linear actuators for a variety of robotics and automation applications.
  • Parker Hannifin: Parker Hannifin is a leading provider of motion and control technologies. They offer a wide range of actuators, including electric, pneumatic, and hydraulic actuators, for a variety of robotics and automation applications.
  • Bosch Rexroth: Bosch Rexroth is a leading provider of drive and control technologies. They offer a wide range of actuators, including linear and rotary actuators, for a variety of robotics and automation applications.
  • Festo: Festo is a leading provider of pneumatic and electric drive technology. They offer a wide range of actuators, including linear and rotary actuators, for a variety of robotics and automation applications.
  • SMC Corporation: SMC Corporation is a leading provider of pneumatic and electric drive technology. They offer a wide range of actuators, including linear and rotary actuators, for a variety of robotics and automation applications.
  • Tsubakimoto Chain: Tsubakimoto Chain is a leading provider of linear actuators and other motion control products. They offer a wide range of actuators, including linear actuators, for a variety of robotics and automation applications.
  • Siemens: Siemens is a leading provider of automation and control technology.
  • Allied Motion Technologies: Allied Motion Technologies is a leading provider of motion control products and solutions for a variety of industries, including robotics. They offer a wide range of actuators, including electric, pneumatic, and hydraulic actuators

What is the Robotic Actuator Market Segmentation

The robotic actuator market can be segmented based on different criteria, such as product type, application, and geography. Some of the key segments of the robotic actuator market include:

  1. Product Type: The robotic actuator market can be segmented based on product type into electric actuators, pneumatic actuators, and hydraulic actuators. Electric actuators are expected to be the fastest-growing segment due to their energy-efficiency and ease of integration with other systems.

  2. Application: The robotic actuator market can be segmented based on application into industrial, medical, aerospace and defense, automotive, and others. The industrial segment is expected to be the largest segment due to the increasing adoption of automation in different industries.

  3. Geography: The robotic actuator market can be segmented based on geography into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific is expected to be the largest market due to the presence of a large number of manufacturers and the increasing adoption of automation in different industries in the region.

  4. by Component: The robotic actuator market can be segmented based on component into Mechanical, Electrical, Pneumatic and Hydraulic Actuators. Electric Actuators are expected to be the fastest-growing segment due to their energy-efficiency and ease of integration with other systems.

  5. by Industry: Robotics Actuator Market can be segmented based on Industry into Automotive, Healthcare, Food & Beverages, Construction, Aerospace, and Others. The Automotive industry is the dominant Industry in this market.

  6. by Function: Robotics Actuator Market can be segmented based on Function into Linear and Rotary Actuators. Linear actuators are expected to be the fastest-growing segment due to the increasing adoption of automation in different industries.

What are some recent development in the actuator market

The actuator market is constantly evolving, and there have been several recent developments that have the potential to shape the future of the market. Some of the recent developments in the actuator market include:

    1. Advancements in Artificial Intelligence (AI) and Machine Learning (ML) : These technologies are increasingly being integrated into actuators, allowing them to adapt to changing conditions and make more accurate predictions. This is expected to drive the growth of the actuator market, as it will enable actuators to perform more complex tasks.

    2. Development of Smart Actuators: Smart actuators are actuators that are integrated with sensors, microprocessors, and communication interfaces. They can communicate with other devices and systems, enabling them to provide real-time feedback and control. This is expected to drive the growth of the actuator market, as it will enable actuators to perform more complex tasks and improve overall system performance.

    3. Increasing adoption of Electric Actuators: Electric actuators are becoming increasingly popular due to their high accuracy, speed, and energy efficiency. They are also easy to integrate with other systems and devices, making them a popular choice for a wide range of applications.

    4. Miniaturization of Actuators: Miniaturization of actuators is becoming more important for industries such as medical, aerospace, and mobile robots. Companies are now developing small-size actuators that can fit into small spaces and have a high power-to-weight ratio

What does the future hold for actuators in the robotics market

 

The future of actuators in the robotics market looks promising, as the increasing adoption of robotics and automation in various industries is expected to drive the growth of the market.

  1. Advancements in Artificial Intelligence (AI) and Machine Learning (ML) will continue to be a major driver for the actuator market, as these technologies will enable actuators to adapt to changing conditions, predict failures, and make more accurate predictions.

  2. Smart actuators will also play a major role in the future of the market, as they will provide real-time feedback and control, which will improve system performance and enable actuators to perform more complex tasks.

  3. Increasing adoption of electric actuators will also drive the growth of the market, as they are more energy-efficient and easy to integrate with other systems and devices.

  4. Miniaturization of actuators will also continue to be important as it will enable companies to develop actuators that can fit into small spaces and have a high power-to-weight ratio, which will be important for industries such as medical, aerospace, and mobile robots.

  5. The trend towards energy-efficient actuators will also continue to drive the market, as companies strive to develop more energy-efficient products to reduce operating costs and minimize environmental impact.

  6. As the demand for automation in different sectors increases, there will be a greater demand for new types of actuators. The actuator market will continue to evolve to meet the needs of the robotics market by developing new and innovative products.

What are the technology trends and regulatory frameworks in the Global Actuators Market

The global actuator market is influenced by various technology trends and regulatory frameworks. Some of the major technology trends and regulatory frameworks in the global actuator market include:

    1. Technology Trends: Advancements in Artificial Intelligence (AI) and Machine Learning (ML) are expected to be a major driver for the actuator market. These technologies will enable actuators to adapt to changing conditions, predict failures, and make more accurate predictions. Additionally, the development of smart actuators, which are integrated with sensors, microprocessors, and communication interfaces, is also expected to drive the growth of the actuator market.

    2. Miniaturization of Actuators: Miniaturization of actuators is becoming more important for industries such as medical, aerospace, and mobile robots. Companies are now developing small-size actuators that can fit into small spaces and have a high power-to-weight ratio

    3. Energy-efficient Actuators: Companies are developing energy-efficient actuators to reduce operating costs and minimize environmental impact.

    4. Regulation Frameworks: There are several regulatory frameworks that have an impact on the actuator market. For example, the European Union's RoHS (Restriction of Hazardous Substances) directive and the REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) regulation are intended to reduce the environmental impact of products. Additionally, safety regulations such as UL (Underwriters Laboratories) and CE (Conformité Européene) certification also have an impact on the actuator market.

    5. Cybersecurity: With the increasing use of actuators in critical infrastructure and industrial control systems, there is a growing concern about the potential for cyber-attacks on these systems. This has led to an increased focus on cybersecurity in the actuator market, with companies developing products that are more secure and resilient to cyber-attacks.

What modes and strategic moves are considered suitable for entering the Global Actuators Market


There are several modes and strategic moves that companies can consider when entering the global actuator market. Some of the most common include:

  1. Organic growth: Organic growth is when a company grows its business by expanding its existing product lines, entering new markets, or increasing its market share. This is a common strategy for companies that already have a strong presence in the actuator market.

  2. Mergers and acquisitions: Mergers and acquisitions are a common strategy for companies that want to quickly enter or expand in the actuator market. This strategy can provide companies with access to new technologies, products, and customer bases.

  3. Joint ventures and partnerships: Joint ventures and partnerships are another way for companies to enter the actuator market. This strategy can provide companies with access to new technologies, products, and customer bases, as well as shared risks and costs.

  4. Licensing and franchising: Licensing and franchising are strategies that allow companies to enter the actuator market by using the brand, technology, or business model of another company. This strategy is often used by companies that do not have the resources or expertise to develop their own products.

  5. Market entry through distribution: Companies can also enter the actuator market by finding a distributor or a representative to sell their products in the target market. This strategy allows companies to enter the market quickly and efficiently, and with less risks.

  6. Exporting: Companies can also enter the actuator market by exporting their products to other countries. This strategy can be useful for companies that already have a strong presence in the domestic market, and want to expand their business internationally.

  7. Direct investment: Companies can also enter the actuator market by investing directly in a target market by building a factory or acquiring an existing company. This strategy can be useful for companies that want to have control over the entire production process and have a long-term commitment to the target market.

Growth factors

There are several growth factors that affect the size of the robotics market, including:

  1. Increasing adoption of robotics in various industries, such as manufacturing, healthcare, and logistics.

  2. Advancements in technology, such as artificial intelligence and machine learning, which are making robots more capable and efficient.

  3. Declining costs of robotics systems, making them more affordable for small and medium-sized businesses.

  4. Government support and investment in robotics research and development.

  5. Growing demand for automation in order to improve productivity, reduce labor costs, and increase efficiency.

  6. Increasing use of robots in service sectors, such as retail and hospitality, to improve customer service and reduce labor costs.

  7. The increasing need for robots in agriculture and construction sector as well as the rise in e-commerce industry

  8. The aging population and the increasing number of elderly people in need of care and assistance are also driving the market for healthcare robots.

 What does the future hold for actuators in the robotics market

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