Linear Actuator Market Is Expected To Reach $ 94.3 Billion By 2030

 San Francisco, 14 March 2024: The Report Linear Actuator Market Size, Share & Trends Analysis Report By Operation Mechanism (Mechanical, Hydraulic), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030

The global linear actuator market size is anticipated to reach USD 94.3 billion by 2030, registering a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rise in industrial automation and robotics is significantly fueling the expansion of the market. These electromechanical devices play a vital role by transforming rotational motion into linear motion, providing precise control and movement in a wide range of applications. The increasing focus on improving productivity, efficiency, and accuracy in manufacturing processes has resulted in the widespread integration of linear actuators into automated systems.

The aerospace and defense sectors necessitate actuation systems that are both high-performing and dependable to fulfill stringent requirements. Linear actuators play a crucial role in a wide range of applications within these industries, including aircraft wing flaps, landing gear mechanisms, missile guidance systems, and satellite positioning systems. The demand for linear actuators in these sectors arises from the necessity for precise and responsive motion control, decreased weight, and heightened safety measures. These actuation systems are vital in ensuring the optimal functioning and reliability of critical aerospace and defense components.

The integration of linear actuators into preexisting systems or retrofitting them into older equipment can present significant challenges in many cases. These obstacles arise from disparities in actuator specifications, mechanical compatibility, and control interface requirements. Retrofitting linear actuators may necessitate supplementary modifications or adaptations to the current infrastructure, resulting in elevated costs and heightened complexity. These integration barriers have the potential to discourage prospective end-users from embracing linear actuators, particularly in industries that heavily rely on retrofitting for automation purposes.

The application of linear actuators extends to electric vehicle components including seats, motorized windows, and sunroofs. Within EVs, the conversion of electrical energy into linear motion by linear actuators occurs with exceptional efficiency, a crucial aspect in EVs where energy efficiency holds significant importance. These actuators find utility in diverse EV applications, including the control of window and sunroof movements and seat position adjustments, among others. As the adoption of EVs continues to surge, the demand for linear actuators is poised to rise in tandem. Furthermore, advancements in technology contribute to the enhanced efficiency, precision, and durability of linear actuators. Consequently, these factors amplify the demand for linear actuators across various industries, creating an opportunity for market growth.

Access Research Report of Linear Actuator Market @ https://www.grandviewresearch.com/industry-analysis/linear-actuator-market-report

Linear Actuator Market Report Highlights

• Mechanical segment dominated the market with a revenue share of more than 36% share in 2023. Mechanical linear actuators are essential devices widely used in various industries and applications such as robotics, automation, aerospace, and automotive among others
• The hydraulic segment is anticipated to grow at a considerable growth over the forecast period. This segment provides high force and torque capacity, making them suitable for heavy-duty applications such as lifting and positioning large loads in industrial and construction settings
• Asia Pacific is expected to hold the highest CAGR over the forecast period. The growing demand for EVs in countries such as China and Japan is driving the demand for linear actuators in the Asia-Pacific region

Linear Actuator Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 56.6 billion
Revenue forecast in 2030	USD 94.3 billion
Growth rate	CAGR of 8.9% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players in the Linear Actuator Market

• Actuonix Motion Devices
• BISHOP-WISECARVER
• ElectroCraft
• Emerson Electric Co.
• Fabco-Air, Inc.
• IAI America, Inc.
• ISOTECH, INC.
• LINAK
• Progressive Automations Inc.
• Rollon Corp.
• SMC Corporation
• TiMOTION Technology Co. Ltd.
• Tolomatic USA
• Ultra Motion
• Venture MFG. Co.

Access Press Release of Linear Actuator Market @ https://www.grandviewresearch.com/press-release/global-linear-actuator-market