Robotics and Automation Actuators Market Report

Market Insights

The global robotics and automation actuators market is expected to grow from USD 18.12 billion in 2022 to USD 44.34 billion by 2029 at a CAGR of 13.6% during the forecast period.

Want to know more about the market scope: 

What is the Actuator in Robotics and Automation?

Actuators are a critical component of robotics and automation systems, as they are responsible for converting electrical or hydraulic energy into mechanical motion. These devices are used to control the movement of various components within a robotic system, such as robotic arms, grippers, and other end effectors.

There are many different types of actuators used in robotics and automation, including electric motors, hydraulic cylinders, pneumatic cylinders, and piezoelectric actuators. The selection of the appropriate actuator will depend on the specific requirements of the application, such as the speed and force needed to move the components.

Advances in actuator technology have enabled robots to perform increasingly complex tasks, with greater precision and accuracy. In addition, the use of intelligent actuators, which incorporate sensors and other advanced technologies, has enabled robots to adapt to changes in their environment and perform tasks more efficiently.

Overall, the development of robotics and automation actuators has played a critical role in the growth of these fields, enabling robots to perform a wide range of tasks in a variety of industries, from manufacturing and logistics to healthcare and agriculture.

Key Players

The major players operating in the global robotics and automation actuators market are:

• Rockwell Automation
• ABB
• Emerson Electric Co.
• Moog
• SMC
• Curtiss-Wright
• Altra Industrial Motion
• Tolomatic
• Misumi Group Inc.
• IAI
• SKF
• Harmonic Drive Llc
• Nook Industries, Inc.
• Kollmorgen
• Dvg Automation
• Macron Dynamics
• Rotomation
• Cedrat Technologies
• Kinitics Automation
• Festo
• Venture Mfgco.

Market Dynamics

Driver: Ongoing technological developments in Robotics and automation actuators

The need for better performing robotics and automation actuators in various industries has resulted in the creation of newer and more advanced models such as electrical actuators, compact pneumatic actuators, and explosion-proof actuators. Electrical actuators, being the most technologically advanced of these options, are increasingly employed in industries such as mining, automation, aerospace and defense, and chemical production due to their silent operation, cleanliness, non-toxicity, and energy efficiency.

In comparison to pneumatic and hydraulic actuators, electrical actuators are more effective, and can be easily integrated with essential systems through data bus communication. They provide immediate feedback on the movements of end effectors and allow for precise variable control over motor speed acceleration and velocity. Installation of electrical actuators is also quite simple. Furthermore, these actuators have a long lifespan and require minimal maintenance, resulting in lower overall functional costs compared to other types of actuators.

In addition to the aforementioned electrical, compact pneumatic, and explosion-proof actuators, there are several other types of actuators that have emerged in the market, including mini-electrical actuators, digital linear actuators, and idle speed controllers. As technological advancements in the field of actuators continue to be made, their application across various industries is expected to grow, leading to a surge in demand for different types of actuators globally. This rise in demand is anticipated to fuel growth in the market for robotics and automation actuators during the forecast period.

Restraint: Volatility of crude oil prices

Actuators play a critical role in automating different stages of the oil and gas supply chain in the petrochemical industry. However, the oil and gas industry has been subject to constant changes, such as decreasing oil prices, which have resulted in a slowdown in exploration activities across the globe.

In an attempt to optimize the use of existing oil wells, many oil-producing countries have shifted their focus away from exploration and development of new fields, causing an adverse impact on the growth of the actuators market. The dramatic decrease in crude oil prices over the past few years has affected the market for various components, including Robotics and automation actuators, used in the oil and gas supply chain.

Opportunity: Development of smart cities across the globe

With rapid urbanization ongoing globally, there has been a rise in the development of smart cities worldwide. These cities utilize instrumentation and actuation technologies to manage and connect a multitude of sensors and actuators spread throughout the city, which are integrated using the Internet of Things (IoT).

In smart cities, electronically-driven solutions are used for various logistics applications. Smart electrical actuators, equipped with built-in location feedback, power systems, and bus communication, provide a cost-effective solution for converting control logic into smart motion. These actuators are particularly useful for service robots such as cleaning robots, automated guided vehicles, automated parking systems, surveillance robots, and other similar applications.

The world is witnessing an increase in the number of smart cities being planned globally, as several existing cities are experiencing housing shortages, strained infrastructures, and uncertainty around water and energy supplies. As a result, there is a growing need for smart cities that incorporate the Internet of Things as a networking technology and smart data as a forecasting technology. The development of such smart cities is expected to enable decentralized management, the merging of heating and electricity facilities, and the integration of industrial facilities, buildings, and vehicles as energy suppliers.

Segment Analysis

By Application Type

The robotics segment is expected to see the highest CAGR in the robotics and automation actuators market in 2022, categorized by application. Within the robotics segment, industrial robots and service robots are further classified. The growth of this segment is driven by increasing demand from large-scale enterprises to incorporate industrial robots into their manufacturing plants, while service robots are used for both professional and personal applications.

By Type

Categorized by type, rotary actuators are expected to experience the highest CAGR during the forecast period. These actuators are used to convert electric energy into rotational motion and find applications in automation applications such as gates, valves, and more. They are particularly useful in industries where accurate positioning of end effectors, such as movement of valves in a pipeline, is required, which is contributing to the growth of the market.

Regional Analysis

The Asia Pacific region is expected to lead the robotics and automation actuators market by 2029, as countries in this region are upgrading their capabilities by investing in developments in the field of actuators. China and Japan, in particular, are investing heavily in robotics and automation to enhance their process automation capabilities and gain a competitive edge. This presents an excellent opportunity for manufacturers of actuators to expand their businesses in the Asia Pacific region.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

Recent Developments

• In August 2022, Emerson acquired EIM Controls Inc., a Texas-based manufacturer of valve actuators.
• In June 2022, ABB Robotics launched two transformative products under the new OmniVance brand at Automatica 2022.