August 2023
Robotics and Automation Actuators Market (By Type: Linear Actuators, Rotary Actuators; By Vertical: Food & Beverages, Oil & Gas, Metal Mining & Machinery, Power Generation, Chemicals, Paper & Plastics, Pharmaceutical & Healthcare, Automotive, Aerospace & Defense, Marine, Electronics & Electricals, Logistics, Inspection, Maintenance & Cleaning, Agriculture & Forestry, Others; By Actuation) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global robotics and automation actuators market size was USD 21.42 billion in 2023, calculated at USD 24.40 billion in 2024 and is expected to reach around USD 78.84 billion by 2033. The market is expanding at a solid CAGR of 13.92% over the forecast period 2024 to 2033. The rising demand for the automation and robotics services in the manufacturing industries that contributing in the growth of the robotics and automation actuators market.
Actuators are one of the important parts of the robotics and automation technology. Actuators play an important role in industrial robotics and automation devices. It is the hardware device in robotics that is used for the conversion of energy to mechanical form. It is used to convert the controller command signal into the physical parameter.
Different sizes and types of actuators are available in the market depending on the different loads and factors associated with them, such as torque, force, precision, speed of operations, and power consumption. These include a stepper motor, servomotor, and direct current (DC) motor. The rising adaptation of robotics and automation in the various end-use industries is driving the growth of the robotics and automation actuators market.
Report Coverage | Details |
Market Size by 2033 | USD 78.84 Billion |
Market Size in 2023 | USD 21.42 Billion |
Market Size in 2024 | USD 24.40 Billion |
Market Growth Rate from 2024 to 2033 | CAGR of 13.92% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | Type, Vertical, Actuation, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Rising demand for robotics and automation in industrial operations
The rising technological integration in industrial operations is driving the integration of robotics and automation in industrial operations to increase productivity, improve quality, and minimize human errors. Automation and robotics play an important role in industrial operations. The revolution of Industry 4.0 is where smart technology, manufacturing, and mechatronics play in industries. Thus, robotics and automation are one of the significant parts of Industry 4.0.
The rising adoption of robotics and automation in the industries is fueling the demand for actuators, various sensors, and controllers to operate machinery. The major objective of the adoption of actuators is reducing human interventions and enhancing the productivity and quality of the product. Various industries such as automation, healthcare, manufacturing, and others are adopting robotics and automation in their operations, driving the expansion of the robotics and automation actuators market.
High cost
The higher cost of installation and operation of robotics and automation in the industries and the high cost of automation and robotics are impeding the growth of the robotics and automation actuators market.
Advancements in robotics and automation
The rising investment in the development and innovation of robotics and automation in industrialization is contributing to the expansion of the robotics and automation actuators market. The huge shift of industries towards automation is further boosting the demand for actuators for the mechanical operations of robotics and automation. The rising advancements in automation and robotics technologies and adaptation by several industries are driving the growth opportunity for the market.
The rising adoption of automation advancements like robotics process automation (RPA), robotics as a service (RaaS), autonomous mobile robots (AMRs) as a data acquisition platform, multi-purpose robots and cobots, and delivery robots are enhancing industrial operations, and ongoing technological advancements like artificial intelligence, machine learning, Internet of Things (IoT), and various industries adopting robotics and automation for smarter work operations.
The rotary actuators segment dominated the robotics and automation actuators market in 2023. Rotary actuators are one of the important parts of the actuators. Rotary actuators are manual electrical devices powered by fluid that are used to convert electrical energy into oscillatory or rotary motion. Rotary actuators are used in automatic or manual valve operations, in which the utilities are electrical power, and compressed air plays an important role. Rotary actuators are different from the linear actuators.
Rotary actuators are more durable and provide high torque compared to the other actuators. They do not require maintenance, they can rotate to move easily at different angles, and they offer smoother acceleration and deceleration operations. There are different types of actuators available, including manual rotary actuators, electric rotary actuators, fluid-powered rotary actuators, rack and pinion rotary actuators, scotch yoke rotary actuators, helical rotary actuators, electrohydraulic rotary actuators, and vane rotary actuators.
The automotive segment held a significant share of the robotics and automation actuators market in 2023. The growth of the segment is attributed to the rising adoption of robotics and automation in automotive and industrial applications, which contribute to the expansion of the market. Different automation processes are used in the automotive industry, like sensor technology and industrial robots, in their assembly plants to enhance efficiency and productivity. Many leading automotive industries use some type of automation and robotics in the manufacturing of vehicles.
Machine vision, robots, and automation work together in the automobile industry to complete essential tasks such as welding, assembly, testing, and inspection. The rising competition in the automotive industry is enhancing the importance of automation in the automotive industry. Automation helps in keeping companies competitive in the market. Automation works on the end-to-end manufacturing process of the automotive industry, further driving the demand for the robotics and automation actuators market.
As per the International Federation of Robotics, there is a 40% increase in the number of robotics installations in the car industry. The number will be approximately 3.2 million units by 2025.
Automation can minimize the labor cost by almost 20% in the automotive industry. There is about 15-25% of the production increase by digitization and automation in the automotive industry.
The electric segment led the robotics and automation actuators market in 2023. Electric actuators are devices that are used to create movement or action that requires force, such as clamping. Electrical applications are used in different industrial applications, such as the automotive industry, food and beverages industry, packaging industry, and other industrial sectors. Electric actuators are highly used in automotive and industrial applications, such as the selection and dispensing of jointing methods such as welding, gluing, and riveting.
In the food and beverages industry, electric actuators are used in the manufacturing and production of PET bottles, filling and labeling systems, and other robotics applications like milking robots. Electric actuators have several benefits like flexibility, accuracy, and lower operating costs that can adopt the adoption of electric actuators in robots and other electronic assembly lines and machine tools.
Asia Pacific led the robotics and automation actuators market in 2023. The growth of the market is attributed to the rising population growth and the demand for industrialization efficiency and higher productivity in a shorter period of time to cater to the growing demand for the products. The increasing economy of countries like India, China, and Japan is majorly contributing to the expansion of industrial development.
The rising acceptance of modern smart technologies like robotics, automation, artificial intelligence, machine learning, and other technological advancements in several end-use industries like automotive, manufacturing, packaging, healthcare, and others for faster operations, product quality, and lower human interventions. Thus, all these factors contribute significantly to the growth of the robotics and automation actuators market in the region.
North America is expected to host the fastest-growing robotics and automation actuators market during the projected period. The growth of the market is attributed to the early adoption of technologies in different sectors by regional countries like the United States and Canada, which is driving the increasing demand for robotics and automation in the industry. The rising adoption and ongoing research on the innovations and development of the robotics and automation process are further driving the growth of the market in the region.
Segments Covered in the Report
By Type
By Vertical
By Actuation
By Geography
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