Robotics And Automation Actuators Market 2023 - Growth by Opportunities, Application, Driver, Current Trends And Forecast By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Robotics And Automation Actuators Global Market Report 2023 identifies increasing demand for industrial robots as the major driver for the Robotics And Automation Actuators market's growth in the forecast period. Industrial robots are mechanical systems or machines programmed to perform production-related activities autonomously in industrial settings. They are reprogrammable, employed for various applications, and are considered flexible automation. The electric actuator enables the industrial robots to constantly execute highly automated motion sequences with high precision and speed.

The global robotics and automation actuators market size grew from $22.61 billion in 2022 to $26.13 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global robotics and automation actuators is expected to grow to $46.07 billion in 2027 at a CAGR of 15.2%.

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Major competitors in the Robotics And Automation Actuators market are SMC Corporation, Rockwell Automation, Curtiss-Wright Corporation, ABB Group, Tolomatic, Thomson Industries Inc.

A key trend in the Robotics And Automation Actuators market includes technological advancement. Major companies operating in the robotics and automation actuators sector are focused on developing technologically advanced solutions, including smart actuators, to strengthen their position. For instance, in October 2021, Ewellix, a Sweden-based manufacturer and supplier of linear motion solutions, launched a smart electro-mechanical actuator with expanded capability for use in agricultural and construction gear. The smart actuator offers four new or improved functions such as communication, built-in monitoring and diagnostics, precise position sensors, and in-control.

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The Robotics And Automation Actuators market is segmented -

• By Types: Rotary Actuators, Linear Actuators
• By Actuation: Electric, Pneumatic, Hydraulic
• By Applications: Process Automation, Robotics
• By Vertical: Food And Beverages, Power Generation, Chemicals, Paper And plastics, Pharmaceutical And Healthcare, Automotive, Aerospace And Defense, Electronics And Electricals, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Robotics And Automation Actuators market.

The Business Research Company's "Global Robotics And Automation Actuators Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Robotics And Automation Actuators Market Include:

1. Executive Summary
2. Robotics And Automation Actuators Market Characteristics
3. Robotics And Automation Actuators Market Trends And Strategies
4. Robotics And Automation Actuators Market - Macro Economic Scenario
5. Robotics And Automation Actuators Market Size And Growth
……………………………………………
26. Africa Robotics And Automation Actuators Market
27. Robotics And Automation Actuators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robotics And Automation Actuators Market
29. Robotics And Automation Actuators Market Future Outlook and Potential Analysis
30. Appendix

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