Market Overview:
The global micro actuator market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturized and energy-efficient devices across different applications, such as medical, automotive, aerospace & defense, and other applications. In addition, the growing trend of automation is also contributing to the growth of this market. Based on type, the electric micro actuator segment is expected to lead the global micro actuator market during the forecast period from 2018 to 2030. This segment is projected to grow at a CAGR of 10% during this period. The functional material based micro actuator segment is projected grow at a CAGR of 8% during this period.
Product Definition:
A micro actuator is a small device that creates motion or force. It is often used in medical devices, robotics, and other applications where precision movement is required. The importance of micro actuators lies in their ability to create very precise movements that can be used for a variety of tasks.
Electric Micro Actuator:
Electric micro actuator is a device used to move small parts or objects at very high speed with the help of electric current. It can be used in various applications such as medical, food & beverages, chemical & pharmaceutical industries and research institutes.
Functional Material Based Micro Actuator:
Functional material based micro actuator and it's usage in Micro Actuator market: A functional material based micro actuator is a device that uses piezoelectric or electromagnetic effect for motion control. It has applications in various industries such as medical, automotive, consumer electronics, etc. The functional material used can be changed according to the requirement by changing the shape of the substrate on which the actuators are built.
Application Insights:
The global market is segmented by application into medical, automotive, aerospace & defense and other sectors. The medical sector accounted for the largest share in 2017 owing to increasing demand from various end-use applications such as surgical robots, drug delivery systems and diagnostic imaging devices. In addition, technological advancements in micro actuators are expected to fuel their demand over the forecast period.
Automotive is anticipated to be one of the fastest growing application segments during the forecast period owing to rising adoption of advanced safety features such as airbags and antiskid brakes among others that require a small but robust actuation solution. Furthermore, increasing penetration of electric vehicles (EV) across major markets coupled with stringent regulations regarding reduction in vehicular emissions will drive product demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and South Korea. Rapid industrialization has resulted in an increased demand for micro actuators from various end-use industries across Asia Pacific.
The medical industry accounted for a major share of revenue generated by the global micro actuator market owing to increasing investments in healthcare infrastructure coupled with rising geriatric population that requires advanced medical devices such as surgical robots, wheelchairs etc. In addition, favorable government initiatives promoting quality healthcare are also anticipated to drive growth across this sector over the coming years.
Europe was estimated at USD X million in 2017 and is projected to expand at a CAGR of XX% during the forecast period on account of growing automotive production activities across Germany and U.K., coupled with aerospace manufacturing facilities established by international manufacturers such as Airbus S . A . GmbH & Co.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics and automotive applications
- Growing demand for energy-efficient and low-power actuators
- Rising popularity of smart devices and the Internet of Things (IoT)
- Proliferation of advanced materials with better performance characteristics
- Emergence of new application areas such as robotics, 3D printing, and medical implants
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Actuator Market Research Report
By Type
Electric Micro Actuator, Functional Material Based Micro Actuator, Shape Memory Alloy (SMA) Micro Actuator, Other
By Application
Medical, Automotive, Aerospace & Defense, Other
By Companies
IBM, ST Microelectronics, Agilent, Stmicroelectronics, NanoSniff Technologies, SAES Group
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Micro Actuator Market Report Segments:
The global Micro Actuator market is segmented on the basis of:
Types
Electric Micro Actuator, Functional Material Based Micro Actuator, Shape Memory Alloy (SMA) Micro Actuator, Other
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
Medical, Automotive, Aerospace & Defense, Other
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:
- IBM
- ST Microelectronics
- Agilent
- Stmicroelectronics
- NanoSniff Technologies
- SAES Group
Highlights of The Micro Actuator 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:
- Electric Micro Actuator
- Functional Material Based Micro Actuator
- Shape Memory Alloy (SMA) Micro Actuator
- Other
- By Application:
- Medical
- Automotive
- Aerospace & Defense
- Other
- 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 Micro Actuator 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.
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- Correctly Positioning New Products
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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?
Micro Actuator is a small, low-power actuator that can be used in a variety of applications. It is often used to control the movement of objects or fluids, and it can be integrated into devices such as sensors or microcontrollers.
Some of the key players operating in the micro actuator market are IBM, ST Microelectronics, Agilent, Stmicroelectronics, NanoSniff Technologies, SAES Group.
The micro actuator market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro Actuator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Micro Actuator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Micro Actuator Market - Supply Chain
4.5. Global Micro Actuator Market Forecast
4.5.1. Micro Actuator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro Actuator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro Actuator Market Absolute $ Opportunity
5. Global Micro Actuator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Micro Actuator Market Size and Volume Forecast by Type
5.3.1. Electric Micro Actuator
5.3.2. Functional Material Based Micro Actuator
5.3.3. Shape Memory Alloy (SMA) Micro Actuator
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro Actuator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Micro Actuator Market Size and Volume Forecast by Application
6.3.1. Medical
6.3.2. Automotive
6.3.3. Aerospace & Defense
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro Actuator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Micro Actuator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Micro Actuator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Micro Actuator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Micro Actuator Demand Share Forecast, 2019-2026
9. North America Micro Actuator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Micro Actuator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Micro Actuator Market Size and Volume Forecast by Application
9.4.1. Medical
9.4.2. Automotive
9.4.3. Aerospace & Defense
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Micro Actuator Market Size and Volume Forecast by Type
9.7.1. Electric Micro Actuator
9.7.2. Functional Material Based Micro Actuator
9.7.3. Shape Memory Alloy (SMA) Micro Actuator
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Micro Actuator Demand Share Forecast, 2019-2026
10. Latin America Micro Actuator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Micro Actuator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Micro Actuator Market Size and Volume Forecast by Application
10.4.1. Medical
10.4.2. Automotive
10.4.3. Aerospace & Defense
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Micro Actuator Market Size and Volume Forecast by Type
10.7.1. Electric Micro Actuator
10.7.2. Functional Material Based Micro Actuator
10.7.3. Shape Memory Alloy (SMA) Micro Actuator
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Micro Actuator Demand Share Forecast, 2019-2026
11. Europe Micro Actuator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Micro Actuator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Micro Actuator Market Size and Volume Forecast by Application
11.4.1. Medical
11.4.2. Automotive
11.4.3. Aerospace & Defense
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro Actuator Market Size and Volume Forecast by Type
11.7.1. Electric Micro Actuator
11.7.2. Functional Material Based Micro Actuator
11.7.3. Shape Memory Alloy (SMA) Micro Actuator
11.7.4. Other
11.8. Basis PointShare (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Micro Actuator Demand Share, 2019-2026
12. Asia Pacific Micro Actuator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Micro Actuator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Micro Actuator Market Size and Volume Forecast by Application
12.4.1. Medical
12.4.2. Automotive
12.4.3. Aerospace & Defense
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Micro Actuator Market Size and Volume Forecast by Type
12.7.1. Electric Micro Actuator
12.7.2. Functional Material Based Micro Actuator
12.7.3. Shape Memory Alloy (SMA) Micro Actuator
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Micro Actuator Demand Share, 2019-2026
13. Middle East & Africa Micro Actuator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Micro Actuator Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Micro Actuator Market Size and Volume Forecast by Application
13.4.1. Medical
13.4.2. Automotive
13.4.3. Aerospace & Defense
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Micro Actuator Market Size and Volume Forecast by Type
13.7.1. Electric Micro Actuator
13.7.2. Functional Material Based Micro Actuator
13.7.3. Shape Memory Alloy (SMA) Micro Actuator
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Micro Actuator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Micro Actuator Market: Market Share Analysis
14.2. Micro Actuator Distributors and Customers
14.3. Micro Actuator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IBM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ST Microelectronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Agilent
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stmicroelectronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NanoSniff Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SAES Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
