Actuators Market by System, Types, Application, End-User

List of Tables

[195 Pages Report] The Actuators Market size was estimated at USD 59.26 billion in 2022 and expected to reach USD 64.68 billion in 2023, at a CAGR 9.53% to reach USD 122.83 billion by 2030.

Global Actuators Market

KEY MARKET STATISTICS
Base Year [2022]	USD 59.26 billion
Estimated Year [2023]	USD 64.68 billion
Forecast Year [2030]	USD 122.83 billion
CAGR (%)	9.53%

Actuators are devices that convert an input energy form into motion. They are critical components in various systems, functioning as the means to turn a control signal into physical action. The actuators' role spans across many industries, including aerospace, automotive, manufacturing, and robotics. They play a key role in automation, allowing precise control over movement and positioning in equipment such as robotic arms, valves, and pumps. Their applications range from simple tasks such as opening a valve to complex movements required in robotics. IoT and smart technology innovations have expanded actuator applications across automotive, aerospace, and construction. Government and international emissions and energy consumption regulations have increased the demand for more efficient actuators. Moreover, with urbanization and Infrastructure developments, investment in public works and infrastructure necessitates more complex automation solutions using actuators. However, high initial investment in advanced actuators' design and manufacturing process impedes market growth. Nevertheless, trends towards smaller devices spur opportunities for developing compact actuators in consumer electronics and medical devices. Furthermore, researching new, durable, and efficient materials could lead to significant advancements.

Regional Insights

The actuator market depicts strong growth across the Americas owing to high automation levels in manufacturing, the presence of key industry players, and substantial investments in R&D. Furthermore, consumer needs center around energy-efficient solutions, precision in control and operation, and integration with the Internet of Things (IoT) has further bolstered the market growth. Many EU Countries have focused on the advanced industrial sector for innovation with stringent energy regulations in the EU region. EU countries prioritize sustainability, leading to an uptick in demand for electric actuators. Moreover, the European Commission's initiatives on digitalization and automation present further growth opportunities. The actuators market in the Asia-Pacific region is a vibrant and dynamically evolving market characterized by rapid technological progress and various applications spanning various sectors. As of the latest evaluation, this region stands as one of the most promising markets for actuators globally, attributed to the burgeoning industrialization, growing automation across manufacturing sectors, and increased emphasis on infrastructure development.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Actuators Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Actuators Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Actuators Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Actuonix Motion Devices Inc., AUMA Riester GmbH & Co. KG, Bray International, Inc., CKD Corporation, Curtiss-Wright Corporation, Eaton Corporation PLC, Emerson Electric Co., Festo AG & Co. KG, General Electric Company, Honeywell International Inc., KITZ Corporation, MISUMI Group Inc., Mitsubishi Electric Corporation, Moog Inc., Murata Manufacturing Co., Ltd., Omron Corporation, Parker Hannifin Corporation, PHD Inc., Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Rotork PLC, SAMSON AG, Schaeffler AG, Schlumberger Limited, Schneider Electric SE, Siemens AG, SMC Corporation, STMicroelectronics N.V., THK Co., Ltd., Tolomatic, Inc., Valtorc International, Valworx, Inc., and ZIMM GmbH.

Market Segmentation & Coverage

This research report categorizes the Actuators Market to forecast the revenues and analyze trends in each of the following sub-markets:

System
- Electric Actuator
- Hydraulic Actuator
- Mechanical Actuator
- Pneumatic Actuator
Types
- Linear Actuators
- Rotary Actuators
Application
- Industrial Automation
- Robotics
- Vehicles & Equipment
End-User
- Aerospace & Defense
- Automotive
- Energy & Utilities
- Healthcare
- Manufacturing
- Marine
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Actuators Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Actuators Market?

3. What are the technology trends and regulatory frameworks in the Actuators Market?

4. What is the market share of the leading vendors in the Actuators Market?

5. Which modes and strategic moves are suitable for entering the Actuators Market?

Product Code: MRR-436901066247

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Actuators Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising investments in process automation and automated manufacturing processes
  - 5.1.1.2. Growing deployment of actuators in automotive sector for braking and controlling vehicle performance
  - 5.1.1.3. Expansion of renewable energy projects and adoption of actuators to lower emissions
- 5.1.2. Restraints
  - 5.1.2.1. Complexities in the manufacturing of actuators and the need for frequent maintenance
- 5.1.3. Opportunities
  - 5.1.3.1. Significant investments and initiatives for smart cities
  - 5.1.3.2. Ongoing advancements in actuator technologies with emergence of customized actuators
- 5.1.4. Challenges
  - 5.1.4.1. Issues related to power consumption, noise, and leaks
5.2. Market Segmentation Analysis
- 5.2.1. System: Suitability of mechanical actuators for their robustness and reliability
- 5.2.2. Type: Preferences for linear actuators owing to precise linear displacement
- 5.2.3. Application: Expansion usage and deployment of robotics across the world driving adoption of actuators
- 5.2.4. End-User: Utilization of actuators in manufacturing industries to enable precise operations
5.3. Market Trend Analysis
- 5.3.1. Strong presence of market vendors and robust demand of actuators owing to surging demand from end-use industries in Americas
- 5.3.2. Extensive demand of actuators in automation & robotics and renewable energy sector in the APAC region
- 5.3.3. Expansion of industrial automation and smart factory establishment incentivizing market players to launch advanced actuators in EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Actuators Market, by System

6.1. Introduction
6.2. Electric Actuator
6.3. Hydraulic Actuator
6.4. Mechanical Actuator
6.5. Pneumatic Actuator

7. Actuators Market, by Types

7.1. Introduction
7.2. Linear Actuators
7.3. Rotary Actuators

8. Actuators Market, by Application

8.1. Introduction
8.2. Industrial Automation
8.3. Robotics
8.4. Vehicles & Equipment

9. Actuators Market, by End-User

9.1. Introduction
9.2. Aerospace & Defense
9.3. Automotive
9.4. Energy & Utilities
9.5. Healthcare
9.6. Manufacturing
9.7. Marine

10. Americas Actuators Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Actuators Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Actuators Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
  - 13.3.1.1. Timken Expands Linear Motion Offerings with Rosa Sistemi Acquisition
  - 13.3.1.2. Safran To Acquire Collins' Actuation Business
- 13.3.2. Agreement, Collaboration, & Partnership
  - 13.3.2.1. Pioneer Industrial Announces Selection of MEA Inc. as Vendor Partner for Actuator and Control Systems
  - 13.3.2.2. Supernal Partners with UMBRAGROUP on New Light-weight Actuation Technology for eVTOL Vehicles
- 13.3.3. New Product Launch & Enhancement
  - 13.3.3.1. ADVICS Expands Product Lines with Launch of New Electric Parking Brake (EPB) Actuator Kits
  - 13.3.3.2. Marelli Presents New Smart Actuators for Transmission and Thermal Management in Electric Vehicles
  - 13.3.3.3. KSB Launches New Pneumatic Quarter-Turn Actuators
  - 13.3.3.4. Nidec Drive Technology Launches Ultra-flat Actuators with Precision Control Reducer FLEXWAVE
  - 13.3.3.5. Ewellix Launches New Electric Actuators for Mobile Applications at Conexpo
  - 13.3.3.6. Faulhaber Launches Compact Linear Actuator for Medical
  - 13.3.3.7. PRECISION launches Two Radically Innovative Actuators
- 13.3.4. Award, Recognition, & Expansion
  - 13.3.4.1. Curtiss-Wright Awarded Contract to Provide Actuation Technology Supporting Dynetics' Enduring Shield Ground-Based Launcher System for the U.S. Army

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. ABB Ltd.
- 14.1.2. Actuonix Motion Devices Inc.
- 14.1.3. AUMA Riester GmbH & Co. KG
- 14.1.4. Bray International, Inc.
- 14.1.5. CKD Corporation
- 14.1.6. Curtiss-Wright Corporation
- 14.1.7. Eaton Corporation PLC
- 14.1.8. Emerson Electric Co.
- 14.1.9. Festo AG & Co. KG
- 14.1.10. General Electric Company
- 14.1.11. Honeywell International Inc.
- 14.1.12. KITZ Corporation
- 14.1.13. MISUMI Group Inc.
- 14.1.14. Mitsubishi Electric Corporation
- 14.1.15. Moog Inc.
- 14.1.16. Murata Manufacturing Co., Ltd.
- 14.1.17. Omron Corporation
- 14.1.18. Parker Hannifin Corporation
- 14.1.19. PHD Inc.
- 14.1.20. Regal Rexnord Corporation
- 14.1.21. Robert Bosch GmbH
- 14.1.22. Rockwell Automation, Inc.
- 14.1.23. Rotork PLC
- 14.1.24. SAMSON AG
- 14.1.25. Schaeffler AG
- 14.1.26. Schlumberger Limited
- 14.1.27. Schneider Electric SE
- 14.1.28. Siemens AG
- 14.1.29. SMC Corporation
- 14.1.30. STMicroelectronics N.V.
- 14.1.31. THK Co., Ltd.
- 14.1.32. Tolomatic, Inc.
- 14.1.33. Valtorc International
- 14.1.34. Valworx, Inc.
- 14.1.35. ZIMM GmbH
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing