1. What is the projected Compound Annual Growth Rate (CAGR) of the Robotics Actuators Market?
The projected CAGR is approximately 10%.
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Robotics Actuators Market by Actuation (Electric, Hydraulic, Pneumatic, Mechanical), by Characteristics (Load, Torque), by Application (Landing gear, Engine components, Doors & interiors, Flight control systems, Cockpit controls, Aerostructure, Others), by Type (Rotary, Linear), by End Use (Oil & gas, Chemicals & CPI, Water & wastewater, Paper & pulp, Mining, Automotive, Food & beverages, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Netherlands, Sweden, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Thailand, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Egypt, Nigeria, Rest of MEA) Forecast 2025-2033
The size of the Robotics Actuators Market was valued at USD 13.4 Billion in 2024 and is projected to reach USD 26.11 Billion by 2033, with an expected CAGR of 10% during the forecast period.This expansion is driven by the increasing demand for automation in manufacturing, the integration of robotics across industries, and advancements in actuator technology that enhance efficiency and precision. Additionally, hybrid seeds are gaining traction due to their superior yield, disease resistance, and adaptability to various climatic conditions. The rising emphasis on food security and the need to improve agricultural productivity have further fueled their adoption. Governments and agricultural organizations are actively investing in research and development to enhance seed quality and sustainability. As industries continue to innovate, both the robotics actuators market and the hybrid seed sector present lucrative opportunities for companies engaged in manufacturing, research, and technological advancements, shaping the future of automation and agriculture.
The Robotics Actuators Market is moderately concentrated with several established players holding significant market share. Key players include ABB (), Altra Industrial Motion (), and Emerson Electric Co. (). Market concentration is driven by the high capital and technological requirements for actuator manufacturing. The market is characterized by ongoing innovation and technological advancements, such as the development of energy-efficient actuators and improvements in precision and response time. Moreover, strict regulations governing the use of actuators in various applications and the presence of product substitutes influence the market dynamics.
The Robotics Actuators Market is witnessing several prominent trends that shape its evolution. The increasing adoption of electric actuators due to their energy efficiency, compact size, and precise control is a significant trend. Additionally, the growing popularity of collaborative robots and cobots has led to a surge in demand for lightweight and flexible actuators. The integration of sensors and actuators in smart manufacturing systems is another emerging trend, enabling real-time monitoring and predictive maintenance.
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Segments:
The Robotics Actuators Market Report provides comprehensive coverage of the market, including:
Market Size and Growth: The global robotics actuators market is projected to grow at a CAGR of 10% from 2023 to 2030, reaching USD 26.1 billion in revenue. Market Share: ABB holds the largest market share of approximately 20%, followed by Altra Industrial Motion and Emerson Electric Co. Growth Drivers: The key drivers of market growth include rising demand for automation, increasing adoption of collaborative robots, and technological advancements.
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Asia Pacific:
In February 2022: Rollon acquired Intelligent Machine Solutions, Inc. (iMS), expanding its portfolio of linear actuator modules and robotic transport units.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 10% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 10%.
Key companies in the market include ABB, Altra Industrial Motion, Cedrat Technologies, Curtis Wright, DVG Automation, Emerson Electric CO., Harmonic Drive LLC, Macron Dynamics, MISUMI Group Inc., Moog, Nook Industries Inc., Rockwell Automation, SKF, SMC, Tolomatic.
The market segments include Actuation, Characteristics, Application, Type, End Use.
The market size is estimated to be USD 13.4 Billion as of 2022.
Growing interest in service robotics. Increasing adoption of industrial automation. Ongoing advancements in actuator technology. Process enhancement ability in 3D printing using linear actuators. Strategic initiatives by market players.
The Robotics Actuators Market is witnessing several prominent trends that shape its evolution. The increasing adoption of electric actuators due to their energy efficiency. compact size. and precise control is a significant trend. Additionally. the growing popularity of collaborative robots and cobots has led to a surge in demand for lightweight and flexible actuators. The integration of sensors and actuators in smart manufacturing systems is another emerging trend. enabling real-time monitoring and predictive maintenance..
Volatility in the oil & gas industry and crude oil prices. High installation costs.
In February 2022, Rollon, the manufacturer of linear motion guides, actuators, and systems, acquired Intelligent Machine Solutions, Inc. (iMS). Through this acquisition, Rollon expanded its lineup of linear actuator modules and robotic transport units.
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The market size is provided in terms of value, measured in Billion and volume, measured in units.
Yes, the market keyword associated with the report is "Robotics Actuators Market," which aids in identifying and referencing the specific market segment covered.
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