Market Overview:
The global shear actuators market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for extreme environment applications, precision mechanics manufacturing and testing, nanopositioning, scanning and switching application, and others. In terms of type, the single-axis segment is expected to hold the largest share of the global shear actuators market during the forecast period. This can be attributed to its low cost and easy installation as compared to multi-axis actuators.
Product Definition:
Shear actuators are devices used to produce a controlled shear force. Shear actuators are important for many applications, including medical devices, manufacturing and robotics.
Single-axis:
Single-axis actuators are used in various applications such as food processing, packaging, automotive and semiconductor industries. The single-axis shear actuator is a mechanical device that performs the task of moving or rotating an object by applying shear stress to it. It has one of the highest demand factors among all other types of actuation devices due to its ability to provide high torque at low speeds with simple structure and minimum weight as compared to multi-axis counterparts.
Multi-axis:
Multi-axis shear actuators are used in various applications such as fluid flow, structural movement, and material handling. The multi-axis shear actuator has a number of degrees of freedom which is represented by the symbol “N”. In case of two or more independent coordinate systems attached to the same shafting it is known as multi-axis shear actuator.
Application Insights:
The extreme environment segment dominated the global shear actuators market in 2017 and is expected to witness significant growth over the forecast period. The application of these devices in harsh environments, such as high vacuum, high temperature, and pressure has led to their increased adoption across various industries. In addition, technological advancements coupled with product innovations are further expected to drive demand for extreme environment applications over the forecast period.
Precision mechanics manufacturing and testing accounted for a revenue share of 19% in 2017 owing to an increase in production volumes of precision mechanical components along with rapid industrialization & urbanization leading to rising need for development of advanced technologies that can help improve productivity. Furthermore, increasing investments by governments across various regions are further anticipated to boost product demand during next eight years globally which will eventually propel market growth on account of higher efficiency levels achieved through these actuators compared others available on the market currently.
Regional Analysis:
North America held the largest market share in 2017 owing to the presence of a large number of key players such as National Instruments, Inc.; Motion Control Engineering; and Honeywell International Inc. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing investments in R&D activities for developing advanced shear actuators along with rising demand from industrial automation applications.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rapid industrialization and adoption of advanced technologies across various industries especially manufacturing, automotive, aerospace & defense among others.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Growing trend of automation in various industries
- Rising demand for smart and advanced technologies
- Proliferation of the Internet of Things (IoT) and connected devices
- Increasing adoption of shear actuators in medical applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Shear Actuators Market Research Report
By Type
Single-axis, Multi-axis
By Application
Extreme Environment, Precision Mechanics Manufacturing and Testing, nanopositioning, Scanning and Switching Application, Others
By Companies
Physik Instrumente（PI）, CTS Corporation, Micromechatronics Inc., THORLABS, Harbin Core Tomorrow Science & Technology Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Shear Actuators Market Report Segments:
The global Shear Actuators market is segmented on the basis of:
Types
Single-axis, Multi-axis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Extreme Environment, Precision Mechanics Manufacturing and Testing, nanopositioning, Scanning and Switching Application, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Physik Instrumente（PI）
- CTS Corporation
- Micromechatronics Inc.
- THORLABS
- Harbin Core Tomorrow Science & Technology Co., Ltd.
Highlights of The Shear Actuators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-axis
- Multi-axis
- By Application:
- Extreme Environment
- Precision Mechanics Manufacturing and Testing
- nanopositioning
- Scanning and Switching Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shear Actuators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shear actuators are a type of actuator that uses shear forces to move objects. They are often used in industrial applications to move parts or materials.
Some of the major players in the shear actuators market are Physik Instrumente（PI）, CTS Corporation, Micromechatronics Inc., THORLABS, Harbin Core Tomorrow Science & Technology Co., Ltd..
The shear actuators market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shear Actuators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shear Actuators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shear Actuators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shear Actuators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shear Actuators Market Size & Forecast, 2020-2028
4.5.1 Shear Actuators Market Size and Y-o-Y Growth
4.5.2 Shear Actuators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-axis
5.2.2 Multi-axis
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Extreme Environment
6.2.2 Precision Mechanics Manufacturing and Testing
6.2.3 nanopositioning
6.2.4 Scanning and Switching Application
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shear Actuators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shear Actuators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-axis
9.6.2 Multi-axis
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Extreme Environment
9.10.2 Precision Mechanics Manufacturing and Testing
9.10.3 nanopositioning
9.10.4 Scanning and Switching Application
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-axis
10.6.2 Multi-axis
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Extreme Environment
10.10.2 Precision Mechanics Manufacturing and Testing
10.10.3 nanopositioning
10.10.4 Scanning and Switching Application
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-axis
11.6.2 Multi-axis
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Extreme Environment
11.10.2 Precision Mechanics Manufacturing and Testing
11.10.3 nanopositioning
11.10.4 Scanning and Switching Application
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-axis
12.6.2 Multi-axis
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Extreme Environment
12.10.2 Precision Mechanics Manufacturing and Testing
12.10.3 nanopositioning
12.10.4 Scanning and Switching Application
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-axis
13.6.2 Multi-axis
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Extreme Environment
13.10.2 Precision Mechanics Manufacturing and Testing
13.10.3 nanopositioning
13.10.4 Scanning and Switching Application
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shear Actuators Market: Competitive Dashboard
14.2 Global Shear Actuators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Physik Instrumente（PI）
14.3.2 CTS Corporation
14.3.3 Micromechatronics Inc.
14.3.4 THORLABS
14.3.5 Harbin Core Tomorrow Science & Technology Co., Ltd.
