Robotics And Automation Actuators Global Market Report 2024

Robotics and automation actuators serve as devices designed to convert energy into motion, whether in a rotary or linear form. These actuators play a crucial role in facilitating the movement of robots, commonly utilizing motors to rotate the robot's wheels, manipulate the joints of a robot arm, or operate a robot gripper by opening or closing it.

The primary categories of robotics and automation actuators include rotary actuators and linear actuators. Rotary actuators pertain to fluid power system output devices generating oscillating movements within a limited range, typically less than one complete revolution. Various actuation methods, such as electric, pneumatic, and hydraulic, find application in process automation and robotics across diverse sectors. These sectors encompass food and beverages, power generation, chemicals, paper and plastics, pharmaceuticals and healthcare, automotive, aerospace and defense, electronics and electrical, and other industries.

The robotics and automation actuators market research report is one of a series of new reports that provides robotics and automation actuators market statistics, including global market size, regional shares, competitors with robotics and automation actuators market share, detailed robotics and automation actuators market segments, market trends, and opportunities, and any further data you may need to thrive in the robotics and automation actuators industry. This robotics and automation actuators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The robotics and automation actuators market size has grown rapidly in recent years. It will grow from $26.13 billion in 2023 to $29.86 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth observed during the historic period can be attributed to several factors, including industrial automation and manufacturing, the integration of robotics and automation in healthcare, expansion within the automotive industry, technological advancements in actuator technology, a focus on energy efficiency leading to cost savings, and increased applications in aerospace and defense.

The robotics and automation actuators market size is expected to see rapid growth in the next few years. It will grow to $52.94 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The anticipated growth in the forecast period can be attributed to various factors, including the rise of collaborative and flexible robotics, the trend towards miniaturization and lightweight actuators, increased adoption of cobots (collaborative robots), integration of IoT and Industry 4.0, advancements in healthcare and surgical robotics, and the expanding use of autonomous vehicles and drones. Prominent trends in the forecast period encompass the development of soft actuators and bio-inspired robotics, the implementation of haptic feedback and touch-sensitive actuators, the utilization of 3D printing for custom actuators, the application of actuators in exoskeletons and wearable robotics, the role of actuators in human-robot interaction, and the optimization of actuator control through AI-driven approaches.

The anticipated growth of the robotics and automation actuators market is driven by the increasing demand for industrial robots. Industrial robots, characterized as mechanical systems or machines programmed for autonomous performance in industrial settings, offer flexibility in various applications. Electric actuators play a crucial role, enabling industrial robots to execute highly automated motion sequences with precision and speed. Notably, the International Federation of Robotics reported a 13% growth in the installation of industrial robots in 2021, reaching 4.35 million units, with an expected rise to 5.18 million units in 2024. This surge in demand for industrial robots is a key driver for the growth of the robotics and automation actuators market.

The growth of the robotics and automation actuators market is further fueled by the expanding e-commerce sector. E-commerce, involving the electronic exchange of goods, services, or data, relies on robotics and automation actuators to optimize supply chain processes, from order fulfillment to shipping and returns. These actuators enhance operational efficiency, reduce costs, and meet the demands of the growing online retail market. For example, the International Trade Administration noted that consumer e-commerce accounted for 30% of the UK's retail sector, with an annual revenue exceeding $120 billion. The continuous growth of the e-commerce sector is a significant driver for the robotics and automation actuators market.

A prominent trend in the robotics and automation actuators market is technological advancement. Key companies in this sector are actively developing advanced solutions, including smart actuators, to enhance their market position. In October 2021, Ewellix, a Sweden-based manufacturer, introduced a smart electro-mechanical actuator with expanded capabilities for applications in agriculture and construction. This smart actuator incorporates features such as communication, built-in monitoring and diagnostics, precise position sensors, and in-control functions, representing the technological progress in the market.

Major players in the robotics and automation actuators market are strategically introducing new technological solutions to maintain a competitive edge. Technological solutions encompass diverse methods and components that produce controlled force, torque, or displacement when supplied with electrical, pneumatic, or hydraulic input. In June 2021, Genesis Robotics and Motion Technologies launched the LiveDrive LDD 1800 Series direct drive actuators, providing a compact, high-torque solution for robotics and machinery in various industries. The direct-drive technology eliminates backlash, enhances system rigidity, and offers increased torque-to-weight ratio, enabling improved performance in dynamic situations.

In January 2022, Altra Industrial Motion Corp, a US-based company specializing in manufacturing motion control products, acquired Nook Industries LLC. This acquisition aims to broaden Altra's linear products segment by integrating Nook's business into the automation and specialty segment of Altra Industrials. Nook Industries, LLC, known for its precision ball screws, acme screws, screw jacks, and linear actuators, enhances Altra's position in the automation market.

Major companies operating in the robotics and automation actuators market include SMC Corporation, Rockwell Automation Inc., Curtiss-Wright Corporation, ABB Group, Tolomatic Inc., Thomson Industries Inc., SKF Motion Technologies, Moog Inc., MISUMI Group Inc., Macron Dynamics Inc., DVG Automation SpA, Flowserve Corporation, Festo AG & Co. KG, Harmonic Drive LLC, Cedrat Technologies, Venture Mfg. Co., AUMA Riester GmbH & Co. KG, Altra Industrial Motion Corp., Israel Aerospace Industries Ltd., AB SKF, Nook Industries Inc., Rotomation Inc., Nook Industries Inc., Kollmorgen Corporation, Rotomation, FMC Technologies, Omron Adept Technologies

Asia-Pacific was the largest region in the robotics and automation actuators market in 2023. The regions covered in the robotics and automation actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the robotics and automation actuators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The robotics and automation actuators market consist of sales of solenoid actuators, DC motor actuators, servo actuators, and stepper motor actuators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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