Robotic Actuator Market By Type (Single Axis, Multi-Axis), By Application (Aerospace, Transport Industry, Others) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), and COVID-19 Analysis – Global Forecast 2021 to 2031

Market Analysis and Insights:

The market for Robotic Actuator was estimated to be worth USD XX billion in 2021, and from 2021 to 2031, it is anticipated to grow at a CAGR of XX%, with an expected value of USD XX billion in 2031.

The growth and progress of the Robotic Actuator Market are steered by a multitude of factors. Primarily, the surge in demand for automation and robotics across industries like manufacturing, automotive, and healthcare stands out as a paramount catalyst. The quest for enhanced precision, efficiency, and productivity has spurred the integration of robotic actuators into these sectors. Furthermore, technological advancements, particularly in artificial intelligence and machine learning, have bolstered the performance of robotic actuators, rendering them more dependable and sophisticated. The escalating emphasis on energy efficiency and the imperative to curb carbon emissions have also contributed to the upsurge in demand for electric and servo actuators, known for their superior energy efficiency compared to conventional hydraulic and pneumatic actuators. Additionally, the broadening array of applications encompassing collaborative robots or cobots, exoskeletons, and autonomous vehicles is propelling the expansion of the robotic actuator market. Lastly, the upswing in investments in research and development endeavors alongside the emergence of novel robotic actuator technologies are poised to further elevate the market prospect in subsequent years. Cumulatively, these driving forces are underpinning the consistent advancement of the robotic actuator market.

Robotic Actuator Market Scope:

Market Definition

A robotic actuator functions as a mechanical tool that transforms either electrical or hydraulic power into tangible motion, enabling robots to engage with their surroundings and execute diverse functions. This sophisticated device acts as a powered unit essential for overseeing and directing the mobility of robot appendages or other automated systems.

An integral element of any robotic system, a robotic actuator plays a vital role in converting electrical or hydraulic energy into mechanical motion. Its significance lies in the capacity to regulate and maneuver a robot's movement, enabling effective interaction with its surroundings. By delivering accurate and dependable motion, robotic actuators support a wide range of functions including lifting, grasping, rotating, and mobility, making them invaluable across diverse industries such as manufacturing, healthcare, agriculture, and exploration. Technological advancements in actuator design have bolstered robotic capabilities, empowering them to execute intricate and precise tasks. As a result, the robotic actuator serves as a cornerstone for the operational success of robotic systems, enhancing their efficiency in performing a myriad of applications.

Key Market Segmentation:

Insights On Key Type

Multi-Axis

The Multi-Axis type is expected to dominate the Global Robotic Actuator Market. This part comprises robotic actuators that have the capability to move in multiple directions, providing enhanced flexibility and functionality to robotic systems. With advancements in robotics technology and the increasing demand for robots capable of performing complex motions and tasks, the market for Multi-Axis robotic actuators is projected to witness substantial growth. These actuators enable robots to perform tasks that require precise positioning and smooth motion in multiple axes, making them highly suitable for applications in industries such as manufacturing, healthcare, and logistics. The Multi-Axis part is anticipated to dominate the Global Robotic Actuator Market due to its versatility and wide range of applications.

Single Axis

While the Multi-Axis type is expected to dominate the Global Robotic Actuator Market, the Single Axis type also holds significant potential. Single Axis robotic actuators provide motion in a single direction and are commonly used in applications that require simple linear or rotational movements. These actuators are cost-effective, easy to use, and suitable for a range of industries, including automotive, electronics, and aerospace. However, their limited range of motion and less complexity compared to Multi-Axis actuators make them less prevalent in applications that demand advanced capabilities. Nonetheless, the Single Axis part is expected to remain a substantial part of the Global Robotic Actuator Market, catering to specific requirements and cost considerations.

Insights On Key Application

Transport Industry

The Transport Industry application is expected to dominate the Global Robotic Actuator Market. This is mainly due to the increasing adoption of automation and robotics in various transportation applications such as autonomous vehicles, railway systems, and marine transport. Robotic actuators play a crucial role in these applications by enabling precise and controlled movements, enhancing safety, efficiency, and reliability. With the growing demand for autonomous vehicles and the need for advanced control systems in transportation, the Transport Industry part is anticipated to have a significant market share.

Aerospace

The Aerospace application of the Global Robotic Actuator Market is also a key player in this industry. The aerospace sector heavily relies on robotic actuators for critical applications such as flight control systems, landing gear mechanisms, and satellite deployment. The demand for lightweight, high-performance actuators with advanced features is driving the growth of this part. Although it may not dominate the overall market, the Aerospace part holds immense importance and offers substantial opportunities for robotic actuator manufacturers.

Others

The Others category includes a broad range of applications where robotic actuators are utilized. This part encompasses industries such as healthcare, consumer electronics, industrial automation, and more. While individual industries within the Others part may have significant demand for robotic actuators, the domination of the entire part is less likely. The dominance of the Transport Industry and Aerospace parts, with their specific and distinct requirements, suggests that the Others part may have a smaller market share comparatively. However, it still represents diverse opportunities across various industries, making it an important within the Global Robotic Actuator Market.

Insights on Regional Analysis:

North America 

North America is expected to dominate the global robotic actuator market. This region has a strong presence of key players and technological advancements in the field of robotics. The United States, in particular, is a major contributor to the market due to the presence of well-established industries such as automotive, healthcare, and manufacturing, where robotic actuators find extensive applications. Additionally, the increasing investments in research and development activities and the growing adoption of automation and robotics in various sectors further propel the market growth in North America.

Latin America 

Latin America is experiencing steady growth in the robotic actuator market. The region is witnessing an increase in the adoption of automation technologies in industries such as automotive, agriculture, and manufacturing. Brazil, Mexico, and Argentina are the major contributors to the market in Latin America. Factors such as improving economic conditions, government initiatives to promote automation, and the need for increased productivity are driving the growth of the robotic actuator market in this region.

Asia Pacific 

Asia Pacific is emerging as a significant market for robotic actuators. Countries such as China, Japan, and South Korea are leading contributors to the market in this region. The rapid industrialization, increasing investments in automation technologies, and a shift towards Industry 4.0 are the primary factors driving the growth of the market in Asia Pacific. Moreover, the presence of major automotive manufacturers and the rising demand for consumer electronics further boost the demand for robotic actuators in this region.

Europe 

Europe is also a prominent market for robotic actuators. The region has a strong presence of well-established industries such as automotive, healthcare, and manufacturing, which are key users of robotic actuators. Germany, France, and the United Kingdom are the major players in this market. The growing focus on industrial automation, government initiatives to promote robotics and the adoption of advanced robotics technologies in various sectors contribute to the market growth in Europe.

Middle East & Africa 

The Middle East & Africa region is witnessing a gradual growth in the robotic actuator market. Countries such as the United Arab Emirates, Saudi Arabia, and South Africa are the major contributors to the market in this region. The increasing industrialization and infrastructure development, particularly in the manufacturing and automotive sectors, are driving the adoption of robotic actuators. However, the market in this region is still in the nascent stage and has significant growth potential in the coming years.

Company Profiles:

Prominent figures within the worldwide Robotic Actuator sector engage in crafting and producing top-tier actuators tailored for robots, offering cutting-edge precision control and motion solutions across diverse sectors. Through the introduction of state-of-the-art technologies and meeting escalating requirements for effective robotic actuation systems, these entities significantly propel market expansion.

Prominent companies in the Robotic Actuator Market comprise ABB Ltd., Kollmorgen Corporation, Schneider Electric SE, Rockwell Automation Inc., Parker Hannifin Corporation, Moog Inc., Yamaha Motor Co., Ltd., Nidec Corporation, KUKA AG, Harmonic Drive LLC, HIWIN Corporation, and Allied Motion Technologies Inc., among others. These leading organizations are deeply engaged in the design, production, and dissemination of robotic actuators, which serve as vital components within robotic systems. Their focus lies in delivering cutting-edge and effective actuation solutions to cater to the growing need for automation across a spectrum of industries including automotive, electronics, healthcare, and manufacturing. By actively contributing to innovation and technological progress, these key entities are instrumental in enhancing the operational efficiency and capabilities of robotic systems, allowing them to execute intricate tasks with precision and reliability.

COVID-19 Impact and Market Status:

The global market for robotic actuators experienced a notable downturn as a result of the Covid-19 pandemic, with decreased demand stemming from supply chain interruptions and a reduction in manufacturing operations.

The global economy has been significantly impacted by the COVID-19 pandemic, including its effects on the robotic actuator market. Government-enforced lockdowns and restrictions on movement worldwide have disrupted supply chains and manufacturing operations. Consequently, there have been delays in production and distribution of robotic actuators, leading to increased costs and delivery timelines for manufacturers. The reduced demand for non-essential goods and services during the pandemic has also hindered the adoption of robotics in various industries, though the healthcare sector has seen a surge in the need for robotic actuators. This is particularly evident in the development of medical devices and the use of robots for patient care and disinfection purposes. Moreover, the importance of social distancing and minimizing human contact has driven industries like logistics and e-commerce towards increased automation. Despite the challenges posed by the COVID-19 pandemic, there are opportunities for innovation and growth in specific sectors of the robotic actuator market.

Latest Trends and Innovation:

- June 2020: Harmonic Drive AG acquires 81% stake in Harmonic Drive LLC, strengthening their position in the precision robotics market.

- September 2019: ABB partners with B&R Automation, integrating their robotic solutions and automation technologies.

- August 2020: Kollmorgen introduces the AKMH hygienic servo motor series, catering specifically to the needs of the food and beverage industry.

- November 2020: Yaskawa Electric Corporation acquires The Switch, a specialist in advanced drive train technology, expanding their capabilities in the renewable energy sector.

- March 2021: FANUC Corporation launches the R-2000iD/35CF robot, designed for high-speed spot welding and material handling applications.

- January 2021: KUKA AG develops the LBR iisy cobot, a lightweight and user-friendly collaborative robot for small and medium-sized enterprises.

- December 2019: Allied Motion Technologies Inc. acquires TCI, LLC, a provider of specialty servo and stepper motion control solutions.

- October 2020: Mitsubishi Electric Corporation introduces the MELFA SafePlus robot series, featuring advanced safety features for human-robot collaboration.

- February 2021: Universal Robots launches the UR10e, a flexible and powerful robot arm designed for various tasks in industrial automation.

Significant Growth Factors:

The expansion factors of the Robotic Actuator Market encompass a growing need for automation and robotics, progress in technology, and an upsurge in funding for research and innovation.

The robotic actuator industry is poised for notable expansion in the foreseeable future, driven by a combination of pivotal factors. An escalating trend towards automation in diverse sectors such as manufacturing, healthcare, and automotive is propelling the demand for robotic actuators.

These actuators play a vital role in facilitating precise and efficient movement within robotic systems, ultimately enhancing productivity and cost-effectiveness. Moreover, the surge in industrial robot uptake in emerging markets is amplifying the growth trajectory of the robotic actuator sector. The burgeoning manufacturing landscape, coupled with the need for high-speed, high-precision operations, is fostering a heightened necessity for advanced actuation systems. Additionally, the continuous evolution of robotics and actuator technology is poised to further catalyze market expansion.

Breakthroughs such as miniaturized actuators, enhanced power density, and augmented durability are fostering increased adoption of robotic actuators across different applications. Furthermore, the emergence of lightweight and compact actuators is streamlining the integration of robotic systems into confined spaces. The infusion of artificial intelligence and machine learning functionalities into robotic actuators is unlocking fresh avenues for market growth. Moreover, the upsurge in the demand for electric vehicles (EVs) is presenting lucrative prospects for the robotic actuator sector. Actuators are indispensable elements in the operation of EVs, facilitating precise control over various mechanisms. As the global adoption of EVs continues to soar, a commensurate rise in demand for robotic actuators is anticipated. Furthermore, the mounting emphasis on energy efficiency and carbon emission reduction is steering the shift towards electric mobility, thereby further energizing market expansion.

Restraining Factors:

The constraints related to the durability and effectiveness of robotic actuators act as impediments to the expansion of the market.

The Robotic Actuator Market has been experiencing steady growth as a result of technological advancements in robotics and the rising need for automation across various industries. However, there are specific challenges that could hinder the market's progression. One major obstacle is the high cost associated with robotic actuators, which may present a significant barrier for smaller enterprises operating on limited budgets. Moreover, the complexity involved in integrating these actuators into existing systems, as well as the requirement for skilled technicians to operate and maintain them, can create hurdles for potential users. Additionally, the scarcity of raw materials essential for producing actuators, like rare earth minerals, may result in supply chain disruptions and price hikes. Furthermore, apprehensions surrounding data security and privacy in autonomous systems could discourage certain industries from fully embracing robotic actuators. Despite these obstacles, the Robotic Actuator Market shows promise due to the increasing emphasis on research and development efforts aimed at cost reduction, integration simplification, and overall efficiency enhancement. The market's growth is expected to be driven by the introduction of lightweight and energy-efficient actuators, coupled with the expanding adoption of collaborative robots and industrial automation. With continuous technological progress and a growing demand for streamlined processes, the Robotic Actuator Market is poised to overcome these challenges and flourish in the foreseeable future.

Key Segments of the Robotic Actuator Market 

Type Overview 
• Single Axis 
• Multi-Axis 

Application Overview
• Aerospace 
• Transport Industry 
• Others

Regional Overview 

North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• U.K
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Middle East and Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
Latin America
• Brazil
• Argentina
• Rest of Latin America