About Actuator System
Actuator is a part of a machine used to convert externally available energy into motion based on the control signals. Industrial automation and robotics are the two fields where it is just impossible to imagine getting anything done without actuators. Integrated actuators to form closed-loop functional Units may be a way to raise the device performance. Rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future.
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The key manufacturers are targeting the innovations of the products with better quality, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Actuator System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Del-Tron Precision, Inc. (United States), Burr Engineering & Development Company (United States), Ultra Motion (United States), Eaton Corporation (Ireland), Rockwell Collins (United States), United Technologies Corporation (United States), Moog Inc (United States), Parker Hannifin Corp (United States), Honeywell International (United States), IAI America, Inc. (United States), Isotech, Inc. (United States), United Engineering Corporation (India) and Hawa Engineers Ltd (India) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Actuator System market by Type (Pneumatic and Hydraulic Systems, Mechanical Actuation Systems and Electrical Actuation Systems), Application (Flight Control System, Landing Gear and Auxiliary Control) and Region.
On the basis of geography, the market of Actuator System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Automotive will boost the Actuator System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Motion, the sub-segment i.e. Linear will boost the Actuator System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Attracting Focus of Industries on Green Technology and Acceptance of New Technological Advancements in Actuator System
Market Growth Drivers:
Increasing Use of Actuator System in Manufacturing plants is Driving the Growth, Integrated Actuators to form Closed-loop Functional Units may be a way to Raise the Device Performance and Growing Use of Actuators in Smart Cities is Driving the Growth
Increase the reliability of actuators in-use
Noise and Vibration in Actuator System
Opportunity to make small repairs reducing the likelihood of major shutdowns. Schedule large repairs to convenient time, Increasing Technology in Actuator System by The Key Players and Growing Development in Technology Field, Facilities and Equipment Specially for Micromachining
Market Leaders and their expansionary development strategies
On 1st June 2022, The Timken Company, a global industrial leader in engineered bearings and power transmission products, has completed its previously announced acquisition of Spinea s.r.o., a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators. The company's solutions primarily serve high-precision automation and robotics applications in the factory automation sector. Spinea sales are expected to be around USD 40 million for the full year 2022.
On 27th May 2021, ZF has announced the launch of an innovative new brake actuator platform. Using a platform approach for the first time, ZF’s fourth-generation brake actuator technology offers significant safety and cost efficiency benefits for Original Equipment Manufacturers (OEMs). ZF has already signed a long-term agreement with a major OEM based in Europe to equip its medium and heavy-duty trucks and buses with ZF’s latest brake chamber range.
Key Target AudienceActuator System Manufacture, Actuator System Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.