The "Robotics and Automation Actuators Market by Actuation (Electric, Pneumatic, Hydraulic), Application (Process Automation, Robotics), Type, Vertical (Automotive, Electronics, Healthcare), Design Characteristics & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The market size of robotics and automation actuators market is estimated to be valued at USD 18.7 billion in 2022 and is projected to grow at a CAGR of 13.9% during the forecast period.

The development of advanced and cost-effective robotics and automation actuators and increasing demand for industrial robots and process automation in various industry verticals are some of the opportunities impacting the growth of the robotics and automation actuators market.

Based on type, the rotary actuator segment is estimated to have the highest CAGR in the Robotics and Automation Actuators market during the forecasted period.

Based on type, the rotary actuator is expected to lead the robotics and automation actuators market from 2022 to 2027. Growth in rotary actuators can be attributed to the increasing installations of industrial robots and growing demand for service robots..

By vertical, the electronics & electricals segment is estimated to lead the robotics and automation actuators market.

The electronics & electricals segment is expected to lead the market for robotics and automation actuators market during the forecast period, driven by the increasing demand for batteries, chips, and displays leading to growth of robotics and automation actuators market for electronics & electrical.

Asia Pacific is estimated to lead the robotics and automation actuators market in 2022.

The Asia Pacific region is estimated to lead the robotics and automation actuators market in 2022. The robotics and automation actuators market in this region has been studied for Japan, China, India, South Korea, Taiwan, and the Rest of Asia Pacific. Countries in the Asia Pacific region are upgrading various capabilities by undertaking developments in the field of actuators.

China and Japan are primarily investing in robotics and automation to enhance and gain a tactical edge in robotics and process automation. This provides an excellent opportunity for robotics and automation actuators manufacturers to strengthen their businesses in the Asia Pacific region.

Market Dynamics

Drivers

• Ongoing Technological Advancements in Robotics and Automation Actuators
• Increasing Number of New Aircraft Deliveries
• Investments for Process Automation in Industries of Emerging Economies

Restraints

• Ongoing Volatility in Oil & Gas Industry and Price of Crude Oil

Opportunities

• Demand for New and Advanced Actuators in Different Verticals
• Development of Smart Cities Across the Globe

Challenges

• Power Consumption, Noise, and Leakage Issues

Companies Mentioned

• ABB
• Altra Industrial Motion
• Auma
• Cedrat Technologies
• Curtiss-Wright
• Dvg Automation
• Emerson Electric Co.
• Festo
• Flowserve Corporation
• Harmonic Drive LLC
• IAI
• IMI plc
• Kinitics Automation
• Kollmorgen
• Macron Dynamics
• Misumi Group Inc.
• Moog
• Nook Industries, Inc.
• Rockwell Automation
• Rotomation
• Rotork
• SKF
• SMC
• Tolomatic
• Venture Mfg. Co.

For more information about this report visit https://www.researchandmarkets.com/r/n53fdw

View source version on businesswire.com: https://www.businesswire.com/news/home/20221205005721/en/