Robotic and Automation Actuator Trends and Forecast
The future of the global robotic and automation actuator market looks promising with opportunities in the oil and gas, chemicals and CPI, water and wastewater, paper and pulp, mining, automotive, and food & beverage sectors. The global robotic and automation actuator market is expected to reach an estimated $37.4 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are rising number of smart cities and factories, growing demand for eco-friendly and energy-efficient actuators, and increasing use of linear actuators in 3D printing.
Lucintel forecast that robotic is expected to witness highest growth over the forecast period due to rising demand from large-scale enterprises for industrial and service-based robot actuators.
Automotive will remain the largest segment due to considerable use of actuators in this sector to provide vehicles higher power, speed, precision, adaptability, efficiency, and long life.
APAC is expected to witness highest growth over the forecast period due to rapid adoption of automation in automative sector and expanding number of manufacturing hubs in the region.
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Emerging Trends in the Robotic and Automation Actuator Market
The robot and automation actuator market is changing with various upcoming trends that are improving the performance, efficiency, adaptability of automation systems. It is these trends that will determine the future of industrial automation and robotics.
• Integration with Artificial Intelligence: There is an increasing integration of actuators with AI in order to improve decision-making and adaptability in robotics. Actuators driven by artificial intelligence can enhance robot performance in real-time as they learn from their environments thereby improving overall productivity.
• Development of Collaborative Robots (Cobots): The rise of collaborative robots necessitates flexible and safe actuators. Cobots use actuators designed for safe interaction with human workers, expanding automation capabilities in diverse industries such as manufacturing and healthcare.
• Advancements in Precision and Speed: There is a growing focus on precision improvement and speed enhancement of actuators to achieve high performing robots. Innovations in actuator technology result in faster more accurate movements which are essential for high precision demanding applications.
• Energy-Efficient Actuator Designs: Energy efficiency has become a major development theme for designers of these devices.Achievements made through actuating design aim at reducing power consumption while maintaining high performance which boosts sustainability agenda as well as lowering operational costs.
The robotic and automation actuator market is being reshaped by trends such as AI integration, collaborative robots, advances in precision and speed, energy efficiency, and finally IoT integration. These developments are spurring enhancements in performance, flexibility as well as sustainability of automation systems.
Recent Developments in the Robotic and Automation Actuator Market
The developments in the actuator market for robotics and automation are a reflection of technological advancements and increasing demand across multiple industries. These moves point out significant changes and innovations in the business.
• Improved Actuator Precision: The application of more precise advanced technologies in actuators is improving robotic systems’ functioning. Automation applications are serviced by high-resolution encoders as well as feedback mechanisms necessary for more accurate and dependable movements.
• Rise in Usage of AI and Machine Learning: The incorporation of AI/machine learning models into actuators has spurred new developments. AI powered actuators have an ability to adjust to changing circumstances thus enhancing their intelligence, flexibility as well as their overall performance.
• Growth of Collaborative Robots (Cobots): Flexible automation solutions are driving the increased adoption of collaborative robots in different industries. These cobots now feature advanced actuators designed to facilitate tasks that require human-robot partnership within various sectors.
• Advances in Actuator Materials: Durability and performance qualities are improved through materials innovation and design methodologies adopted for actuation devices. Innovations like lightweight composites, special lubricants among others increase the durability as well as reliability of these devices reducing maintenance costs.
The above advances have boosted the growth of the robotic and automation actuator market. Actuators are now faster, smarter and lighter than ever. These innovations improve the performance, adaptability and efficiency of automation systems.
Strategic Growth Opportunities for Robotic and Automation Actuator Market
Advancements in technology and increasing demand from a variety of applications drive strategic development opportunities in the robotic and automation actuator industry. Such opportunities could lead to innovation and improve their presence in the market.
• Expansion into Emerging Markets: Automation is on the rise, which means that there are huge possibilities for growth in emerging markets. Companies can target these regions by providing scalable and cost-effective actuator solutions to cater for the rising demand.
• Development of Industry-Specific Solutions: Creating actuators that are industry-specific (like automobile, healthcare, or manufacturing industries) represents a chance for companies to develop their economies. These industry-specific offerings can be tailored to meet unique needs and enhance overall automation functionality.
• Advancements in Actuator Technology: To realize improvements in precision, velocity, and energy efficiency; companies should invest in research towards improved actuation technologies. The competitive edge over other players is achieved by businesses that promote innovations through advanced technology adoption.
• Integration with IoT and AI: Business expansion can be facilitated by incorporation of IoT and AI technologies into actuators to enhance their performance. With smart actuators having real-time monitoring capabilities as well as data analysis features, this enables them perform better while providing operational insights.
Strategic opportunities that are driving growth in robotic and automation actuator market include expanding into developing markets, developing industry-specific solutions, advancing actuator technology, integrating with IoT and AI, and focusing on sustainability. These opportunities are vital for innovation as well as market expansion.
Robotic and Automation Actuator Market Driver and Challenges
The robotic and automation actuator market is influenced by a range of drivers and challenges associated with technological advancements, economic factors and regulatory considerations. These factors affect the market dynamics and growth prospects.
The factors responsible for driving the robotic and automation actuator market include:
1. Technological Advancements: The growth in this market is driven by such innovations in actuator technology as improved precision, speed and energy efficiency. Advanced actuators augment robot capabilities and support automatons for various applications.
2. Rising Demand for Automation: The growing uptake of automation in sectors like manufacturing, automotive, and healthcare has boosted demand for modern actuators. Automation enhances efficiency and productivity thereby leading to increased use of robots.
3. Growth of Collaborative Robots: This is a major driver because there is an expanding market for collaborative robots (cobots). The automation solutions will be fostered by cobots that are adopting flexible actuators across various sectors.
4. Integration with IoT and AI: Their functionality and performance have been enhancing through integration with IoT as well as AI technologies. Real-time data availability, optimization, etc are possible using smart actuators which bring about innovation as well as increased efficiency in automating systems.
Challenges in the robotic and automation actuator market are:
1. High Costs of Advanced Technology: It can be a struggle for some firms to develop and apply advanced actuator technologies due to their high costs. This is the main challenge for such small business entities as well as developing markets.
2. Complexity of Integration: However, integrating robots with existing systems in firms’ infrastructure and automation may not be straightforward. Therefore; technical knowhow and detailed planning are essential in order to assure compatibility and smooth operation.
The market for robot and automation actuators is being shaped by drivers such as the advancement of technology, growing demand towards automation, proliferation of cobots, integration of IoT plus AI as well as energy saving orientation. For continued growth and innovation however, challenges related to high costs, integration complexity and regulatory standards have to be overcome.
List of Robotic and Automation Actuator Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies robotic and automation actuator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the robotic and automation actuator companies profiled in this report include-
• Rockwell Automation
• Altra Industrial Motion
• Curtiss-Wright
• SMC
• Flowserve
• ABB
• MISUMI
• Moog
• IMI
• Crane
Robotic and Automation Actuator by Segment
The study includes a forecast for the global robotic and automation actuator by type, actuation, application, end use industry, and region
Robotic and Automation Actuator Market by Type [Analysis by Value from 2018 to 2030]:
• Rotary
• Linear
Robotic and Automation Actuator Market by Actuation [Analysis by Value from 2018 to 2030]:
• Electrical
• Mechanical
• Hydraulic
• Pneumatic
Robotic and Automation Actuator Market by Application [Analysis by Value from 2018 to 2030]:
• Robotics
• Process Automation
Robotic and Automation Actuator Market by End Use Industry [Analysis by Value from 2018 to 2030]:
• Oil and Gas
• Chemicals and CPI
• Water and Wastewater
• Paper and Pulp
• Mining
• Automotive
• Food and Beverages
• Others
Robotic and Automation Actuator Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Robotic and Automation Actuator Market
The market for robotic and automation actuators has been growing very fast due to technology innovation and increased adoption across different sectors. These developments are indicative of the increased need for accuracy, productivity and superior features in automation systems
• United States: In United States, advances include combining cutting-edge sensors with advanced AI to create precision robots which can adjust to the environment. Automation solutions are increasingly being taken up by various industries due to the growth of collaborative robots (cobots) fitted with flexible actuators used in many applications from healthcare to manufacturing.
• China: In China, steps are being made towards better performance actuators designed for industrial robots that focus on enhancing speed and accuracy. The market is pushed by manufacturers’ appreciation of government incentives aiming at increasing the level of production through automation as well as a rise of smart factories. Actuators should incorporate IoT and AI technologies aimed at increasing productivity.
• Germany: In Germany, there are advancements in actuator technology that promote energy saving and high accuracy systems. Innovations done on automotive and manufacturing industry have introduced some intelligent actuators and thus enhanced process automation in production. The combination of actuators with industry 4.0 technologies is accelerating growth in automation solutions.”
• India: In India, there is an emphasis on scalable and cost-effective actuator solutions, capable of addressing the increased demand for automation in areas like production lines and agrarian systems; such changes are seen in a wider usage of actuators that can last longer with better performance under various outlying conditions.
• Japan: Japan is at the forefront of developing specialized robotic actuators for automation especially used in precision manufacturing and electronics. It is characterized by compact, high-torque actuators that are capable of performing advanced robot tasks unlike its competitors which places Japan as number one in the global robotic market.
Features of the Global Robotic and Automation Actuator Market
Market Size Estimates: Robotic and automation actuator market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Robotic and automation actuator market by various segments, such as by type, actuation, application, end use industry and region in terms of value ($B).
Regional Analysis: Robotic and automation actuator market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, actuations, applications, end use industries, and regions for the robotic and automation actuator market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the robotic and automation actuator market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q.1 What is the robotic and automation actuator market size?
Answer: The global robotic and automation actuator market is expected to reach an estimated $37.4 billion by 2030.
Q.2 What is the growth forecast for robotic and automation actuator market?
Answer: The global robotic and automation actuator market is expected to grow with a cagr of 11.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the robotic and automation actuator market?
Answer: The major drivers for this market are rising number of smart cities and factories, growing demand for eco-friendly and energy-efficient actuators, and increasing use of linear actuators in 3D printing.
Q4. What are the major segments for robotic and automation actuator market?
Answer: The future of the robotic and automation actuator market looks promising with opportunities in the oil and gas, chemicals and CPI, water and wastewater, paper and pulp, mining, automotive, and food & beverage sectors.
Q5. Who are the key robotic and automation actuator market companies?
Answer: Some of the key robotic and automation actuator companies are as follows:
• Rockwell Automation
• Altra Industrial Motion
• Curtiss-Wright
• SMC
• Flowserve
• ABB
• MISUMI
• Moog
• IMI
• Crane
Q6. Which robotic and automation actuator market segment will be the largest in future?
Answer: Lucintel forecast that robotic is expected to witness highest growth over the forecast period due to rising demand from large-scale enterprises for industrial and service-based robot actuators.
Q7. In robotic and automation actuator market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid adoption of automation in automative sector and expanding number of manufacturing hubs in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the robotic and automation actuator market by type (rotary and linear), actuation (electrical, mechanical, hydraulic, and pneumatic), application (robotics and process automation), end use industry (oil and gas, chemicals and CPI, water and wastewater, paper and pulp, mining, automotive, food and beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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