Global Actuators Market Size By Type (Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, Mechanical Actuators), By Application (Aerospace and Defence, Automotive, Healthcare, Manufacturing), By Geographic Scope And Forecast

Actuators Market Size And Forecast

Actuators Market size was valued at USD 49.2 Billion in 2022 and is projected to reach USD 74.5 Billion in 2030, growing at a CAGR of 5.2% from 2023 to 2030.

We're seeing a huge jump in actuator demand! Think about itmore robots, factories becoming increasingly automated, and everyone's excited about electric and hybrid vehicles. Because actuators are so critical in fields like flight control systems and even something as vital as landing gear, the aerospace and defense industries are predicted to be the biggest users of all. Expect to see major growth in Asia-Pacific, especially with countries like China and India investing heavily in infrastructure and automation. Want the full picture? The Global Actuators Market report breaks it all down, giving you a comprehensive look at the key segments, trends, what's driving the market, what's holding it back, who the big players are, and all the other important factors shaping things.

Global Actuators Market Definition

Actuators? Think of them as the muscles of a system – they take energy and turn it into movement. You'll find them everywhere, from machines to cars, doing everything from performing tasks to keeping things in check. They can use electricity, hydraulics, or air pressure to get things moving. Whether it's controlling parts or applying the brakes, actuators are the key! They're super important in industries like medical, automotive, aerospace, and industrial. And thanks to better materials and tech, we're seeing actuators that are tougher and better at handling even the most complicated jobs, no matter the situation.

Think about actuators – they're everywhere! In the aerospace sector, you'll find them controlling flight and even helping landing gear do its thing. But that’s not all. Your car? Actuators are keeping things running smoothly, adjusting the throttle valve, managing the fuel injection, and helping you brake. The automotive industry relies on them big time. And in factories, they're the muscle behind robotic arms and other important machinery. Even in the medical field, actuators are crucial, giving movement to prosthetic limbs and a range of other medical devices. Now, when it comes to types, it's mostly about straight lines versus circlesWe've got linear actuators, giving you that back-and-forth movement, and rotary actuators, which are all about that spinning motion. And where does the power come from? Often it's electricity, but you'll also see hydraulics and pneumatics getting the job done.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Global Actuators Market Overview

The creation of intelligent actuators that can monitor and adjust their performance in response to sensor feedback has gained prominence in recent years. These advanced actuators can adapt to changes in the environment and operate more precisely and effectively. The market for actuators is expected to grow significantly in the next years as a result of the increased need for automation and the creation of cutting-edge technologies. The key growth drivers for this market are predicted to be the aerospace, automotive, and industrial sectors.

Actuators are devices that convert electrical, hydraulic, or pneumatic energy into mechanical motion to control various components of a system. These components can be valves, pumps, switches, or other mechanical devices. Actuators find their application in various industries such as aerospace, defence, automotive, healthcare, and manufacturing, among others.

Global Actuators Market Segmentation Analysis

The Global Actuators Market is Segmented on the Basis of Type, Application, And Geography.

Actuators Market, By Type

• Electric Actuators
• Hydraulic Actuators
• Pneumatic Actuators
• Mechanical Actuators
• Others

Based on Type, the market is segmented into Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, Mechanical Actuators, and Others. The electric actuators segment is expected to dominate the market due to their widespread application in various industries. Electric actuators offer precise control and are easy to operate, making them suitable for applications that require accurate and repeatable motion control. The hydraulic actuators segment is also expected to grow at a significant rate due to their ability to handle high loads and provide high force output.

Actuators Market, By Application

• Aerospace and Defence
• Automotive
• Healthcare
• Manufacturing
• Others

Based on Application, the market is segmented into Aerospace and Defence, Automotive, Healthcare, Manufacturing, and Others. The aerospace and defence segment is expected to hold the largest market share due to the increasing demand for advanced actuators in aircraft and defence systems. The automotive segment is also expected to grow at a significant rate due to the increasing use of actuators in various automotive systems such as engines, transmission, and steering.

Actuators Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on geography

the Actuators Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to dominate the market due to the increasing demand for actuators in various industries such as automotive, aerospace and defence, and manufacturing. The region’s growing population and urbanization are also contributing to the growth of the market. The North American and European markets are also expected to grow at a significant rate due to the presence of major manufacturers and the increasing demand for advanced technologies in various industries.

Key Players

The “Global Actuators Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Honeywell International Inc., Moog Inc., Rockwell Automation Inc., Parker Hannifin Corporation, Woodward Inc., Emerson Electric Co., Siemens AG, Altra Industrial Motion Corp., SMC Corporation, and ABB Ltd. 

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2020 – The Allen-Bradley® Kinetix® 5100 servo drive was introduced by Rockwell Automation, Inc. in the year 2020. This drive provides improved motion control capabilities for applications that require high-speed performance and precision.
• In 2021 – SMC Corporation made an announcement 2021 about the development of a new line of electric actuators known as the LE series. These electric actuators offer high-precision positioning and an energy-efficient design.
• In 2021 – Additionally, in the year 2021, Schneider Electric SE introduced their Acti 9 iK60N range of miniature circuit breakers with integrated motorised tripping devices. These breakers provide increased levels of protection for electrical systems.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dig deep into the market, looking at both the money side and all the other things that matter, breaking it down into understandable chunks. We'll tell you the value (in USD Billion!) of each of those chunks. We'll also point out which area and group we think will grow the fastest and be the biggest. Get ready for a geographical breakdown, showing where the product/service is really being used and what's influencing the market in each place. Plus, we'll show you the competitive scene, ranking the big players and highlighting their new stuff, partnerships, expansions, and deals from the last five years. You'll get detailed company profiles with overviews, insights, product comparisons, and even a SWOT analysis for the major companies. We’ll give you our view of where the market is now and where it's headed, based on recent news and what's driving growth – as well as the challenges ahead, in both new and established areas. We'll also use Porter's five forces to really understand the market from all angles and show you the value chain. Finally, we'll lay out the market's dynamics, along with growth opportunities we see coming in the future and we offer 6-month post-sales analyst support.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.