This study examines the robotics and automation actuators market from 2022 to 2027 in great detail. It analyses factors that are projected to promote or impede the growth of the robotics and automation actuators market in the near future, as well as industry and technology trends.
The market for robotics and automation actuators is expected to reach USD 18.7 billion in 2022, with a CAGR of 13.9 per cent over the forecast period. Some of the prospects influencing the growth of the robotics and automation actuators market include the development of innovative and cost-effective robotics and automation actuators, as well as increasing demand for industrial robots and process automation in various industry verticals.
Application, actuation, kind, industry, design attributes, and area have all been used to categorise robotics and automation actuators. The market has been divided into electric, hydraulic, pneumatic, and others based on actuation. The growing demand for power efficiency and system weight reduction can be related to the rise of the electric segment.
The section has been divided into two types: linear actuators and rotary actuators. During the forecast period, the rotary is expected to grow at the fastest CAGR. The increasing installation of industrial robots and the strong growth of service robots can be attributed to the growth in rotary actuators.
The Asia Pacific region’s robotics and automation actuators market is expected to lead the market with the largest market share. The participation of renowned manufacturing countries such as China and Japan, as well as favourable government policies and schemes to encourage domestic production, can be attributed to the growth of actuators in this region.
The section has been divided into two types: linear actuators and rotary actuators. During the forecast period, the rotary is expected to grow at the fastest CAGR. The increasing installation of industrial robots and the strong growth of service robots can be attributed to the rise in rotary actuators.
The Asia Pacific region’s robotics and automation actuators market is expected to lead the market with the largest market share. The participation of renowned industrial production countries such as China and Japan, as well as favourable government policies and strategies to promote domestic production, can be attributed to the growth of actuators in this region.
MOOG is a company that manufactures specialised electric and hydraulic actuators. It is a major supplier and manufacturer of actuators. The company offers a diverse range of products that meet the highest quality standards and make use of cutting-edge technologies. The company has a global distribution network and manufacturing facilities in countries such as the United States, Germany, India, Japan, the Netherlands, Canada, and China. It is increasing its R&D spending.
Emerson offers a wide range of actuator products. The company’s major strengths are its global presence, R&D, and revenue growth, even though the decline in obligations remains a source of concern.
The US market for control systems, contracts and agreements, and mergers and acquisitions are likely to provide the company with development opportunities. However, competition, the cost of labour in the United States, and economic risk may have an impact on its business operations.
SMC is a leading manufacturer of automation systems. It offers a wide range of linear and rotary actuators to cater to the requirements of the automotive, food & beverages, semiconductors, life sciences, and machine tools industries. A major part of its revenue is generated from Japan. The company invests steadily in R&D activities. For instance, in 2020, it invested 3.4% of its total revenue in R&D activities.
