Robotics And Automation Actuators Market

Robotics And Automation Actuators Market Overview 

The global robotics and automation actuators market was valued at $14.2 billion in 2023, and is projected to reach $45.32 billion by 2032, growing at a CAGR of 13.5% from 2024 to 2032. 

Robotics And Automation Actuators Market Trends 

Shaping the Demand for Advanced Robotics Actuators 

There are numerous significant trends that are impacting the demand for robotics actuators in various industries. The market is currently experiencing a shift towards intelligent actuators that are equipped with sensors and advanced control systems. These actuators enable robots to have precise and adaptable movements. Furthermore, there is a growing requirement for smaller actuators to support the development of agile robots that can operate in confined spaces. The demand for energy-efficient actuators is also increasing as sustainability concerns become more prominent. Additionally, the rise of collaborative robotics, or cobots, is driving the need for safe actuators that can work alongside humans. The healthcare, logistics, and service industries are increasingly utilizing robotics, which in turn is creating a demand for actuators that offer both accuracy and gentle, human-like motion. This allows robots to interact safely and effectively in various environments. 

Robotics And Automation Actuators Market

Size, by Product, - (USD Billion)

Electric Actuators

Pneumatic Actuators

Hydraulic Actuators

Linear

Other Products

The Market will Grow

At the CAGR of:

13.5%

The Forecast Market

Size for in USD:

$ 45.32 Billion

Robotics And Automation Actuators Market Dynamics 

Driver 

 Ongoing technological developments in Robotics and automation actuators 

The demand for improved robotics and automation actuators in different industries has led to the development of newer and more sophisticated models like electrical actuators, compact pneumatic actuators, and explosion-proof actuators. Among these options, electrical actuators are the most advanced technologically and are increasingly utilized in sectors such as mining, automation, aerospace and defence, and chemical production due to their quiet operation, cleanliness, non-toxicity, and energy efficiency. 

Compared to pneumatic and hydraulic actuators, electrical actuators are more efficient and can be seamlessly integrated with crucial systems through data bus communication. They offer instant feedback on end effector movements and enable precise variable control over motor speed acceleration and velocity. The installation of electrical actuators is also straightforward. Moreover, these actuators boast a long lifespan and require minimal maintenance, resulting in lower overall operational costs when compared to other types of actuators. 

Apart from the aforementioned electrical, compact pneumatic, and explosion-proof actuators, various other types of actuators have entered the market, including mini-electrical actuators, digital linear actuators, and idle speed controllers. As advancements in actuator technology persist, their utilization across diverse industries is projected to expand, leading to a surge in the global demand for different types of actuators. This anticipated increase in demand is expected to drive market growth for robotics and automation actuators in the foreseeable future. 

Restraint 

Volatility of crude oil prices 

Actuators play a crucial role in the automation of different stages within the petrochemical industry's oil and gas supply chain. However, the oil and gas industry has experienced continuous changes, such as a decline in oil prices, leading to a slowdown in exploration activities worldwide. 

To maximize the utilization of existing oil wells, many oil-producing nations have redirected their attention away from exploration and the development of new fields. This shift has had a negative impact on the growth of the actuators market. The significant decrease in crude oil prices in recent years has also affected the market for various components, including robotics and automation actuators utilized in the oil and gas supply chain. 

Opportunity 

Development of smart cities across the globe 

With the ongoing process of rapid urbanization worldwide, smart cities are being developed at an increasing rate. These cities utilize advanced technologies such as instrumentation and actuation to connect and manage a wide range of sensors and actuators throughout the city. This integration is made possible through the use of the Internet of Things (IoT). 

In smart cities, electronically driven solutions are employed for various logistics applications. Smart electrical actuators, which come equipped with built-in location feedback, power systems, and bus communication, offer a cost-effective means of converting control logic into intelligent motion. These actuators are particularly beneficial for service robots like cleaning robots, automated guided vehicles, automated parking systems, surveillance robots, and other similar applications. 

The global landscape is witnessing a surge in the planning of smart cities, as many existing cities face challenges such as housing shortages, strained infrastructures, and uncertainties surrounding water and energy supplies. Consequently, there is a growing demand 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 facilitate decentralized management, the integration of heating and electricity facilities, and the merging of industrial facilities, buildings, and vehicles as energy suppliers. 

Robotics And Automation Actuators Market

Share, by end user, (USD Billion)

14.2 Billion%

Process Automation

Robotics, Fabrication

Picking

Arc Welding

Other End-Users

45.32 Billion

Total Market Size

USD (Billion),

13.5%

CAGR

-

Robotics And Automation Actuators Market Segments 

Robotics and Automation Actuators Market Key Players 

Robotics And Automation Actuators Market Recent Development 

FLORHAM PARK, N.J. (June 6, 2022) — Emerson today launched its new AVENTICSTM Series Servo Profile Advanced (SPRA) Electric Actuators, a line of precise and highly repeatable rod-style cylinders. While only one electric actuator screw type is typically available in the market, the SPRA actuators offer three screw technologies. 

Bangalore, India. (February 14, 2022) — ABB has successfully completed the installation and remote commissioning of the Slice xP (II) Profiler system, an actuator for slice lip weight control, at ITC Paperboards and Specialty Papers’ Tribeni mill in West Bengal, India. 

Robotics And Automation Actuators Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

13.5%

The Forecast Market

Size for in USD:

$ 45.32 Billion

Conclusion 

The global robotics and automation actuators market is poised for significant growth, driven by technological advancements and expanding applications across various industries. Key trends such as the shift toward intelligent, sensor-equipped actuators, the need for miniaturized and energy-efficient models, and the rise of collaborative robots (cobots) are shaping demand. This growth is further bolstered by the increasing use of robotics in sectors like healthcare, logistics, and services, which require precise and safe actuator functionalities. Despite challenges like crude oil price volatility affecting the petrochemical sector, opportunities abound with the development of smart cities and the integration of IoT, fostering widespread adoption of advanced actuators. 

Robotics And Automation Actuators Market TO (USD BN)

CAGR OF

13.5%

Robotics And Automation Actuators Market

45.32 Billion%