Actuators Market Updates

Global Actuators Market size was valued at USD 49.83 Billion in 2023 and is poised to grow from USD 53.07 Billion in 2024 to USD 87.83 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

Companies are using tactics like developing new products, purchasing other businesses, and relocating in the fragmented actuators market. Large companies are concentrating on intelligent and energy-efficient actuator solutions for the automation, aerospace, and medical sectors. Two key actuators market strategies are collaborating with other businesses and integrating digitally (AI, IoT). New technologies in soft robotics and electroactive polymers are being developed by startups, which accelerate research and development for established companies and facilitate product customization for consumers. 'Rotork plc', 'SMC Corporation', 'Emerson Electric Co.', 'Honeywell International Inc.', 'ABB Ltd.', 'Parker Hannifin Corporation', 'Festo AG & Co. KG', 'Moog Inc.', 'Rockwell Automation, Inc.', 'AUMA Riester GmbH & Co. KG', 'Johnson Electric Holdings Limited', 'Curtiss-Wright Corporation', 'Allied Motion Technologies Inc.', 'Tolomatic, Inc.', 'MISUMI Group Inc.'

Actuators are being used more frequently as a result of the increased demand for industrial automation, particularly in the automotive, manufacturing, and electronics industries. Actuators and smart sensors are being used by an increasing number of businesses to automate repetitive tasks, increase operational efficiency, and reduce human error. The need for precise motion control components has increased due to the shift to Industry 4.0 and the growth of automated assembly lines, particularly in developing nations.

IoT and AI Integration for Intelligent Actuators: One of the key trends driving the growth of the global actuators industry is the integration of IoT and AI. In order to perform self-monitoring, diagnostics, and predictive maintenance, actuators are increasingly being connected to sensors, artificial intelligence algorithms, and Internet of Things platforms. By altering their operation in response to input from neighboring systems, smart actuators can reduce the likelihood of failure and increase the energy efficiency of systems. This trend is rapidly expanding in the fields of industrial automation, HVAC, and smart agriculture. In these domains, remote control and real-time performance insights are critical.

How are Infrastructure and Defense Shaping Actuator Demand in North America?