Actuators Market by System, Types, Grade, Force, Transmission, Application, End-User

List of Tables

The Actuators Market was valued at USD 64.78 billion in 2023, expected to reach USD 70.90 billion in 2024, and is projected to grow at a CAGR of 9.65%, to USD 123.51 billion by 2030.

Actuators play a crucial role in converting electrical or fluid energy into mechanical motion, a process vital for applications across various industries such as automotive, aerospace, industrial automation, and consumer electronics. These devices are essential for driving systems that require precise motion control and automation, offering superior efficiency and performance. The necessity of actuators lies in their ability to enhance operational efficiency, facilitate advanced robotics, and support smart technological infrastructures worldwide. Their applications range from adjusting car seats and aeronautics control surfaces to opening and closing industrial valves, emphasizing their broad utility and adaptability. Actuators serve end-use sectors including automotive, aerospace, electronics, healthcare, and manufacturing. The growing trend of industrial automation and the increasing implementation of IoT in devices propel the actuator market, presenting significant growth opportunities, especially in emerging markets poised for industrial digitization. Likewise, advancements in materials and innovation in actuator design, such as miniaturization and enhancement of energy efficiency, can drive substantial market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 64.78 billion
Estimated Year [2024]	USD 70.90 billion
Forecast Year [2030]	USD 123.51 billion
CAGR (%)	9.65%

Despite such growth opportunities, the actuator market faces challenges including high installation and maintenance costs, and technical complexities associated with integrating advanced actuator systems. Additionally, varying regulations across regions can impede international market expansion. Key factors influencing market growth include the rising demand for automation, smart technologies, and the integration of actuators in renewable energy systems. Potential opportunities lie within the development of eco-friendly, cost-effective actuators and exploring niche markets like underwater or space applications. Innovations focusing on improving actuator speed, precision, and energy consumption are pivotal for gaining a competitive edge. Moreover, collaborative research and development in partnership with tech companies can uncover novel applications and improvements, optimizing both functionality and sustainability. The market's nature is highly dynamic, shaped by rapid technological advancements and the evolving needs across sectors. Therefore, businesses should stay agile, engaging with continuous innovation and strategic partnerships to leverage the burgeoning demand for cutting-edge actuator technologies.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Actuators Market

The Actuators Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising investments in process automation and automated manufacturing processes
- Growing deployment of actuators in automotive sector for braking and controlling vehicle performance
- Expansion of renewable energy projects and adoption of actuators to lower emissions
Market Restraints
- Complexities in the manufacturing of actuators and the need for frequent maintenance
Market Opportunities
- Significant investments and initiatives for smart cities
- Ongoing advancements in actuator technologies with emergence of customized actuators
Market Challenges
- Issues related to power consumption, noise, and leaks

Porter's Five Forces: A Strategic Tool for Navigating the Actuators Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Actuators Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Actuators Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Actuators Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Actuators Market

A detailed market share analysis in the Actuators Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Actuators Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Actuators Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Actuators Market

A strategic analysis of the Actuators Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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, 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:

Based on System, market is studied across Electric Actuator, Hydraulic Actuator, Mechanical Actuator, and Pneumatic Actuator. The Electric Actuator is further studied across Rod Style and Rodless.
Based on Types, market is studied across Linear Actuators and Rotary Actuators.
Based on Grade, market is studied across Commercial Grade and Industrial Grade.
Based on Force, market is studied across High Force, Low Force, Medium Force, and Very High Force.
Based on Transmission, market is studied across Ball Screw, Belt, Lead Screw, Linear Motor, Servo Motors, and Stepper Motors.
Based on Application, market is studied across Industrial Automation, Robotics, and Vehicles & Equipment.
Based on End-User, market is studied across Aerospace & Defense, Automotive, Energy & Utilities, Healthcare, Manufacturing, and Marine. The Aerospace & Defense is further studied across Commercial Aviation, Military Aviation, and Spacecraft. The Automotive is further studied across Commercial Vehicles and Passenger Vehicles. The Healthcare is further studied across Medical Devices and Prosthetics.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-43690106623A

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. 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

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. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Actuators Market, by System

6.1. Introduction
6.2. Electric Actuator
- 6.2.1. Rod Style
- 6.2.2. Rodless
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 Grade

8.1. Introduction
8.2. Commercial Grade
8.3. Industrial Grade

9. Actuators Market, by Force

9.1. Introduction
9.2. High Force
9.3. Low Force
9.4. Medium Force
9.5. Very High Force

10. Actuators Market, by Transmission

10.1. Introduction
10.2. Ball Screw
10.3. Belt
10.4. Lead Screw
10.5. Linear Motor
10.6. Servo Motors
10.7. Stepper Motors

11. Actuators Market, by Application

11.1. Introduction
11.2. Industrial Automation
11.3. Robotics
11.4. Vehicles & Equipment

12. Actuators Market, by End-User

12.1. Introduction
12.2. Aerospace & Defense
- 12.2.1. Commercial Aviation
- 12.2.2. Military Aviation
- 12.2.3. Spacecraft
12.3. Automotive
- 12.3.1. Commercial Vehicles
- 12.3.2. Passenger Vehicles
12.4. Energy & Utilities
12.5. Healthcare
- 12.5.1. Medical Devices
- 12.5.2. Prosthetics
12.6. Manufacturing
12.7. Marine

13. Americas Actuators Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Actuators Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Actuators Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. SMC Corporation unveils new electric actuator for enhanced heavy lifting
- 16.3.2. Volz Servos collaborates with Airbus to enhance SIRTAP UAS with advanced actuators
- 16.3.3. LINDAL Group introduces a Glide actuator for the efficient dispensing of highly viscous technical products
- 16.3.4. SMC Corporation launches energy-efficient EQ series electric actuators to streamline automation
- 16.3.5. Emerson unveils advanced ASCO series 148/149 safety valve and actuator for industrial fuel oil systems
- 16.3.6. Pioneer Industrial announces the selection of MEA Inc. as a vendor partner for actuator and control systems
- 16.3.7. ADVICS expands product lines with launch of new electric parking brake (EPB) actuator kits
- 16.3.8. Timken expands linear motion offerings with Rosa Sistemi acquisition
- 16.3.9. Marelli presents new smart actuators for transmission and thermal management in electric vehicles
- 16.3.10. KSB launches new pneumatic quarter-turn actuators
- 16.3.11. Safran to acquire Collins' actuation business
- 16.3.12. Supernal partners with UMBRAGROUP on new light-weight actuation technology for eVTOL vehicles
- 16.3.13. Nidec Drive Technology launches ultra-flat actuators with precision control reducer FLEXWAVE
- 16.3.14. Ewellix launches new electric actuators for mobile applications at Conexpo
- 16.3.15. Faulhaber launches compact linear actuator for medical
- 16.3.16. Curtiss-Wright awarded a contract to provide actuation technology supporting Dynetics' enduring shield ground-based launcher system for the U.S. army
- 16.3.17. PRECISION launches two radically innovative actuators
16.4. Strategy Analysis & Recommendation
- 16.4.1. SMC Corporation

Companies Mentioned

1. ABB Ltd.
2. Actuonix Motion Devices Inc.
3. AUMA Riester GmbH & Co. KG
4. Bray International, Inc.
5. CKD Corporation
6. Curtiss-Wright Corporation
7. Eaton Corporation PLC
8. Emerson Electric Co.
9. Festo AG & Co. KG
10. Honeywell International Inc.
11. KITZ Corporation
12. MISUMI Group Inc.
13. Mitsubishi Electric Corporation
14. Moog Inc.
15. Murata Manufacturing Co., Ltd.
16. Omron Corporation
17. Parker Hannifin Corporation
18. PHD Inc.
19. Regal Rexnord Corporation
20. Robert Bosch GmbH
21. Rockwell Automation, Inc.
22. Rotork PLC
23. SAMSON AG
24. Schaeffler AG
25. Schlumberger Limited
26. Schneider Electric SE
27. Siemens AG
28. SMC Corporation
29. STMicroelectronics N.V.
30. THK Co., Ltd.
31. Tolomatic, Inc.
32. Valtorc International
33. Valworx, Inc.
34. ZIMM GmbH