Robotics And Automation Actuators Market By Actuation (Electric, Hydraulic), By Type (Linear Actuator, Rotary Actuator), By Application (Process Automation, Robotics), And Region for 2024-2031

Robotics And Automation Actuators Market Valuation – 2024-2031

The Robotics And Automation Actuators Market is anticipated to experience significant growth in the coming years. The market was valued at USD 20.68 Billion in 2023 and is expected to reach a valuation of USD 57.34 Billion by 2031, growing rapidly at a CAGR of 13.60% during the forecast period from 2024 to 2031.

This growth is attributed to the rising adoption of industrial automation and robotics across a wide range of industries. The demand for industrial robots is projected to experience a strong upswing. These robots are employed in a variety of tasks within the manufacturing sector, such as welding, painting, and assembly. As industries strive for increased efficiency and productivity, the adoption of industrial robots is anticipated to accelerate. This acceleration will consequently propel the demand for actuators that enable their movement and functionality.

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Robotics And Automation Actuators Market: Definition/ Overview

Robotics and automation actuators are devices tasked with converting energy into purposeful movement or force, acting as the essential muscles within robots and automated machines. Their meticulous control and manipulation of various system parts allow robots to perform complex tasks with impressive precision and speed.

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What is the impact of the growing adoption of automation and robots on the demand for robotics and automation actuators?

The growing adoption of automation and robotics is significantly impacting the demand for robotics and automation actuators. This growth can be attributed to several factors. The automation of tasks necessitates a corresponding rise in the number of robots and automated machines. These machines rely on actuators to perform the required movements and actions. This translates to a heightened demand for various actuator types (linear, rotary) and actuation methods (electric, hydraulic).

Automation is expanding across numerous industries, from manufacturing to healthcare and logistics. This diversification necessitates a wider range of actuator functionalities. For instance, delicate surgical robots require high-precision electric actuators, while heavy-duty industrial robots might utilize hydraulic actuators for their strength. As a result, the market for actuators with specific capabilities is broadening. Naturally, the increasing adoption of industrial robots is a major driver for actuator demand. Tasks like welding, painting, and assembly rely on these robots’ precise movements, all controlled by actuators. As industries strive for increased efficiency and productivity, the adoption of industrial robots is expected to accelerate, consequently propelling the demand for the actuators that power them.

Therefore, the growth of automation and robotics is creating a substantial demand for a wider range of robotics and automation actuators. As automation continues to integrate into different industries, the demand for these essential robotic muscles is expected to keep rising.

What are the challenges associated with the availability of a skilled workforce capable of installing, maintaining, and programming robots and actuators?

The increasing adoption of robotics and automation actuators is accompanied by a significant challenge: the limited availability of a skilled workforce capable of installing, maintaining, and programming these complex systems. Several factors contribute to this challenge.

A key issue is the skills gap. Working with robots and actuators necessitates a specialized skillset that often combines mechanical, electrical, and computer programming knowledge. Educational systems might not be adapting quickly enough to meet the evolving needs of the industry, resulting in a shortage of qualified workers. Furthermore, the field of robotics and automation is constantly innovating. New technologies and functionalities are emerging rapidly. This necessitates a continuously updated workforce. Individuals need access to training and education to maintain their relevance in the job market and keep pace with these advancements. The availability of training opportunities can also be limited. There might not be enough programs readily available to equip individuals with the skills necessary to work with robotics and automation actuators. This creates a barrier for potential entrants into the workforce, hindering the growth of the skilled labor pool.

Talent competition is another challenge. As the demand for skilled workers in this field surpasses the supply, intense competition for these individuals arises. This can translate to higher salaries and benefits, potentially making it difficult, particularly for smaller companies, to attract and retain qualified personnel. Finally, the demand for skilled workers might be unevenly distributed across different geographical regions. This can lead to talent shortages in specific areas where automation is rapidly expanding, creating a logistical hurdle for companies looking to implement these technologies.

These challenges can impede the smooth implementation and operation of automated systems. They have the potential to slow down the overall growth of the Robotics And Automation Actuators Market by creating bottlenecks in the adoption and utilization of these technologies.

Category-Wise Acumens

What are the Key Drivers Propelling the Market for Robotics Applications?

The robotic segment is estimated to dominate the market during the forecast period. Manufacturing and other businesses are increasingly using robots to undertake monotonous, risky, or physically demanding work. The march toward automation boosts efficiency, production, and worker safety. Actuators are critical components of robots, allowing them to move and function. The rise of industrial robotics drives up the demand for actuators designed expressly for these applications.

Rapid advances in robotics technology are resulting in the creation of more sophisticated robots capable of executing difficult tasks with greater precision and dexterity. These improvements entail the creation of high-performance and adaptable actuators capable of meeting the requirements of these new robot designs.

Furthermore, the usage of robots is growing beyond typical production applications. Robots are increasingly utilized in a variety of industries, including healthcare, logistics, agriculture, and even customer service. This diversity of robot applications opens up a larger market for actuators designed to meet the individual needs of each industry.

In what ways are electric actuators better than traditional hydraulic or pneumatic-based actuators?

The electric actuator segment is estimated to dominate the market during the forecast period. Electric actuators provide tremendous controllability and precision. They are easily coupled with control systems and sensors, enabling precise placement and movement of robotic components. Because of their adaptability, they may be used in a variety of applications, including industrial robots, collaborative robots, and automation systems.

Electric actuators are typically more energy efficient than hydraulic or pneumatic equivalents. This results in lower running costs and a smaller environmental footprint. Also, they run quietly and do not require dirty fluids, making them perfect for cleanrooms and applications requiring noise reduction.

Furthermore, electric actuators are typically more compact and lightweight than hydraulic or pneumatic systems. This enables a lower robot footprint and easier integration into space-constrained areas. Also, the lack of intricate piping or hoses facilitates installation and maintenance.

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Country/Region-wise Acumens

How are advancements in domestic manufacturing capabilities for robotics and automation actuators impacting the North American market, and how might this trend evolve in the future?

Advancements in domestic manufacturing capabilities for robotics and automation actuators are significantly impacting the North American market. These advancements hold the potential to reshape the landscape in the coming years.

Greater competitiveness is emerging as domestic manufacturing capabilities improve. North American companies are now better positioned to compete with overseas manufacturers. This can lead to lower costs for end-users and a shorter supply chain, reducing reliance on foreign markets. A stronger domestic ecosystem for robotics and automation could develop as a result. Enhanced security and reliability are also potential benefits. Domestic manufacturing allows for greater control over the quality and security of the manufacturing process. This is crucial for industries like defense or critical infrastructure, where actuator reliability is paramount. Reduced reliance on overseas suppliers can mitigate potential security risks associated with intellectual property theft or counterfeit components. The trend can also foster a more innovative environment. A stronger domestic manufacturing base can cultivate closer collaboration between manufacturers, developers, and end-users. This collaboration can accelerate the development of new actuator technologies tailored to specific North American market needs. Job creation and economic benefits are additional possibilities. The growth of domestic manufacturing for actuators has the potential to create new jobs in the sector, contributing to economic growth and development. This can revitalize local manufacturing sectors and provide skilled employment opportunities within North America.

What is the impact of the growing presence of low-cost robot manufacturers in the Asia Pacific region on the overall market dynamics for robotics and automation actuators?

The ever-increasing presence of low-cost robot manufacturers in the Asia Pacific region is significantly impacting the overall market dynamics for robotics and automation actuators. This trend is resulting in a mix of opportunities and challenges being presented. Increased market accessibility is one outcome. Automation is becoming more accessible to a wider range of businesses, particularly small and medium-sized enterprises (SMEs), as a result of lower-cost robots. This broader adoption has the potential to lead to a significant increase in demand for robotics and automation actuators. Price pressure on actuators is another consequence. As competition intensifies, downward pressure on the prices of actuators is being exerted by low-cost robot manufacturers. This can benefit end-users seeking cost-effective solutions, but it also necessitates that actuator manufacturers optimize their production processes and reduce costs without sacrificing quality to remain competitive.

A focus on innovation might be required by established actuator manufacturers. This could involve the development of specialized actuators tailored to specific applications or niche markets, or investment in research and development to create more efficient and higher-performance actuators. Standardization and modular design are also being influenced. The rise of low-cost robots might lead to a greater emphasis on standardization and modular design in the actuator market. This can facilitate easier integration of actuators with different robot platforms and potentially reduce overall system costs. Quality considerations remain important. While affordability is a key driver, concerns about the quality and reliability of actuators from low-cost manufacturers persist. This creates an opportunity for established brands with a reputation for quality to differentiate themselves and potentially command premium prices.

Competitive Landscape

The Robotics And Automation Actuators Market thrives on a dynamic interplay between established industry leaders, inventive startups, and a diverse range of actuator technology providers. This collaborative environment caters to the ever-evolving needs of businesses seeking to optimize their automation processes. Key players differentiate themselves through cutting-edge actuator designs, strategic alliances, and comprehensive solutions encompassing the entire actuation value chain. Manufacturers offering high-performance actuators, coupled with intuitive control systems and robust engineering support, are well-positioned for market leadership.

Some of the prominent players operating in the Robotics And Automation Actuators Market include:

Moog Inc., Rockwell Automation Inc., Crane Holdings Co., Altra Industrial Motion, Flowserve Corporation, Curtiss-Wright Corporation, MISUME Group Inc., SMC Corporation, ABB Ltd, Yaskawa Electric Corporation, SKF.

Latest Developments

• In March 2023, Rockwell Automation, Inc. invested in READY Robotics, which is a company that specializes in software-defined automation. READY Robotics is also a Rockwell Technology Partner. Through the use of their ForgeOS platform, operators can control and program multiple popular robot brands with minimal training. The platform is designed to be user-friendly and offers a single interface for managing all the robots.
• In March 2023, ABB inaugurated a cutting-edge, fully automated, and versatile robotics factory in Shanghai, China. Covering an area of 67,000 square meters, the facility is dedicated to production and research, representing a whopping $150 million investment by ABB. The factory will employ ABB’s digital and automation technologies to manufacture the next generation of robots, strengthening ABB’s position as a leader in robotics and automation in China.
• In March 2023, SMC Corporation introduced a new CG1 Series Air Cylinder, EX600-W Wireless Compact Remote Unit, and updated MSQ series rotary tables. The company supplies products and solutions for industrial automation centered around pneumatic control engineering.
• In November 2022, The World Skill Centre (WSC) and ABB India Ltd (ABB) signed a memorandum of understanding (MoU) to collaborate in the field of Robotics for the automation industry. The main aim of the MoU is to enable knowledge transfer and develop the staff and students of WSC in the area of Robotics Technology.

Report Scope

Robotics And Automation Actuators Market, By Category

Actuation

• Electric
• Hydraulic
• Pneumatic
• Mechanical

Type

• Linear Actuator
• Rotary Actuator

Application

• Process Automation
• Robotics
• Control Systems

Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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