Robotics Actuators Market - By Actuation (Electric, Hydraulic, Pneumatic, Mechanical), By Characteristics (Load, Torque), By Type (Rotary, Linear), By End Use & Forecast, 2023 - 2032

Robotics Actuators Market - By Actuation (Electric, Hydraulic, Pneumatic, Mechanical), By Characteristics (Load, Torque), By Type (Rotary, Linear), By End Use & Forecast, 2023 - 2032

Robotics Actuators Market size is set to expand at over 10% CAGR from 2023-2032 driven by the increasing usage of collaborative robots to work alongside humans in various industries. With industries increasingly prioritizing human-robot collaboration to enhance productivity and efficiency, the need for specialized actuators to ensure safe interaction has extensively increased.

Collaborative robots or cobots, designed to work alongside humans, rely on advanced actuators for precise and controlled movements for fostering harmonious work environments. The surging adoption of Cobots across manufacturing, logistics, and healthcare sectors may significantly contribute to the market growth. For instance, in September 2023, LimX Dynamics, a Shenzhen-based general-purpose legged robot business, unveiled the W1 wheeled quadruped robot designed with perception and motion control algorithms as well as several patented actuators.

The robotics actuators industry is segmented into actuation, characteristics, type, end-use, and region.

Based on actuation, the pneumatic robotics actuators market is estimated to witness over 12% CAGR from 2023-2032. Pneumatic actuators provide swift and efficient movement, in applications needing quick reaction and repetitive motions. These actuators function in hostile settings, adding to increasing applicability in industries, such as manufacturing, automotive, and logistics. Growing acceptance owing to benefits, such as lightweight and cost-effectiveness will also contribute to the segment growth.

In terms of end-use, the pneumatic robotics actuators industry is likely to gain traction from the automotive segment between 2023 and 2032. The increasing integration of robotics and automation in manufacturing processes in the automotive sector is necessitating advanced actuators for precise and efficient control. Additionally, with the evolution of electric and autonomous vehicles, the demand for robotics will further intensify in applications, including vehicle assembly and testing.

Regionally, the Europe pneumatic robotics actuators industry size is expected to record over 11.5% CAGR through 2032. The presence of robust manufacturing base along with the strong emphasis on industrial automation is stimulating the demand for innovative actuators. For instance, in April 2022, the University of Manchester launched a new center of excellence for developing the next generation of robots utilizing cutting-edge AI technology.

In addition, the surging emphasis on innovation and sustainability for the development of energy-efficient and environmentally friendly actuators is expected to attract new opportunities for robotics actuator manufacturers. The rising investments in areas, such as healthcare, automotive, and aerospace will also add to the regional market growth.