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Actuators Market Share

ID: MRFR//4350-CR | 102 Pages | Author: Varsha More| December 2024

Introduction: Navigating the Competitive Landscape of the Actuators Market

The Actuators market is in a period of change, a result of rapid technological development, changes in regulatory frameworks, and rising expectations for energy efficiency and sustainable development. The leading players, including original equipment manufacturers, IT service and solution suppliers, and operators, are competing to gain market share by exploiting advanced technological capabilities such as data analytics based on artificial intelligence, IoT integration, and automation solutions. These innovations not only enhance the efficiency of the operational process but also provide real-time data insights that allow companies to react quickly to changes in the market. A new generation of start-ups, particularly those based on artificial intelligence, is challenging the established players to become more agile and responsive. In 2024–2025, the Asia–Pacific and North American regions will have the best growth prospects, as strategic deployment of next-generation actuators will help to reshape industry standards and generate competitive advantage.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions that integrate various actuator technologies into broader automation systems.

VendorCompetitive EdgeSolution FocusRegional Focus
Siemens Strong integration capabilities Automation and control systems Global
Rockwell Automation Industry-leading automation solutions Industrial automation North America, Europe
Schneider Electric Sustainability-focused solutions Energy management and automation Global

Specialized Technology Vendors

These vendors focus on specific actuator technologies, providing innovative solutions tailored to niche applications.

VendorCompetitive EdgeSolution FocusRegional Focus
Moog Precision motion control expertise Motion control systems Global
Festo Pneumatic and electric drive solutions Automation technology Global
SICK AG Advanced sensor technology Sensor solutions for automation Global

Infrastructure & Equipment Providers

These vendors supply the necessary components and equipment that support actuator functionality in various applications.

VendorCompetitive EdgeSolution FocusRegional Focus
Parker Hannifin Comprehensive fluid power solutions Hydraulic and pneumatic systems Global
Bosch Rexroth Innovative drive and control technologies Drive and control systems Global
Honeywell Diverse industrial solutions Control and automation technologies Global
Belimo Expertise in HVAC actuators HVAC actuator solutions Global
Brevini Power Transmission Robust power transmission solutions Gearboxes and winches Global
Applied Robotics End-of-arm tooling expertise Robotic connectivity solutions Global
Emerson Comprehensive automation solutions Process automation Global
IHSE High-performance KVM solutions KVM technology for control rooms Global

Emerging Players & Regional Champions

  • Adept Fluid Power (USA) specializes in hydraulic systems for industrial applications. It recently won a contract with a major carmaker to supply the machinery for a new assembly line, competing with the established suppliers and offering cheaper and more efficient solutions.
  • Sierra (USA): Specializes in smart, sensor-equipped actuators for precise control of automation processes, recently executed a project in a chemical factory, enhancing the data-analytics capabilities of established suppliers.
  • In Germany, Festo has a new electric drive that can be connected to the Internet of Things. The company is now collaborating with a leading robot manufacturer and is a challenger to the pneumatic drive industry.
  • Hengstler (Germany): Known for its rotary and linear actuators with high precision, recently expanded its market presence in Asia, complementing established vendors by providing niche solutions for high-tech applications.
  • Harmonic Drive (Japan): Specializes in high-precision gear systems and actuators for robotics, recently collaborated with a leading robotics firm for a new product line, challenging established players by focusing on miniaturization and precision.

Regional Trends: In 2023, the use of smart actuators that are connected to the IoT is growing, especially in North America and Europe. Asia-Pacific is seeing a rise in demand for precise robot and automation actuators due to improvements in manufacturing. Also, companies are looking for more sustainable solutions to reduce operating costs.

Collaborations & M&A Movements

  • Siemens and Bosch Rexroth entered into a partnership to develop advanced smart actuator technologies aimed at enhancing automation in manufacturing processes, thereby strengthening their competitive positioning in the Industry 4.0 landscape.
  • Parker Hannifin acquired the actuator division of Moog Inc. to expand its product portfolio and market share in the aerospace and defense sectors, positioning itself as a leader in high-performance motion control solutions.
  • Emerson Electric and Honeywell formed a collaboration to integrate their actuator technologies for improved process automation in the oil and gas industry, enhancing operational efficiency and compliance with regulatory standards.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Biometric Self-Boarding Thales Group, Gemalto The Thales group has already installed biometric self-boarding systems in major airports, facilitating the flow of passengers and reducing waiting times. Gemalto's technology is recognized for its accuracy and its integration into the existing system, as demonstrated by the example of Schiphol airport in Amsterdam.
AI-Powered Ops Mgmt Siemens, Honeywell The application of artificial intelligence in smart buildings by Siemens optimizes the actuation of the building automation system and optimizes energy efficiency. Artificial intelligence-based management systems have been successfully applied in various industrial applications, demonstrating the advantages of improved operation.
Border Control Motorola Solutions, NEC Corporation For example, the new border control systems from Motorola Solutions use biometric data to enhance security. Similarly, the solutions from NEC are known for their speed and reliability. They have been implemented at Tokyo’s Narita International Airport, for example.
Sustainability Schneider Electric, Rockwell Automation Schneider Electric focuses on the energy-saving and sustainable automation of its servomotors, whose case studies show a considerable reduction in the carbon footprint. Rockwell Automation focuses on eco-friendly designs for its servomotors, aligning them with global sustainable development goals.
Passenger Experience Amadeus IT Group, SITA Amadeus has improved the experience of travellers by deploying smart actuation systems that speed up the check-in process, as is already the case in several European airports. SITA's solutions are focused on improving the entire journey with real-time information and a smooth transition.

Conclusion: Navigating the Actuators Market Landscape

The Actuators Market in 2023 is characterized by intense competition and significant fragmentation. Both traditional and new players compete for the market. In the geographical structure of the market, a significant demand for advanced automation solutions is observed, especially in the Asia-Pacific and North American regions, where the process of technological development is accelerating. Strategically, vendors need to position themselves as a leader in terms of AI, automation, sustainability and flexibility. The main task of the leading companies is to develop their product lines through innovation, while new players are disrupting the market with agile and technology-driven solutions. The main strategic task of the market is to develop these capabilities and, as the market develops, to ensure that the company can be a leader and can adapt to the changing environment.

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