Market Overview:
The global microactuator 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 actuators across various applications, such as electronics, automotive, and automobile industry. In addition, the growing adoption of microactuators in medical devices is also contributing to the growth of this market. On the basis of type, electrostatic actuators are expected to hold a major share in the global microactuator market during the forecast period. This can be attributed to their high efficiency and low power consumption as compared with other types of actuators.
Product Definition:
A microactuator is a small device that converts electrical energy into mechanical energy. It is used to control the movement of objects, often in an automotive or aerospace application. The importance of microactuators lies in their ability to provide very precise and accurate movements, which can be critical for certain applications.
Electrostatic:
Electrostatic is a self-propulsion technology, which uses static electricity for motion. It has wide applications in microactuators as it provides high efficiency and low power consumption. The electrostatic actuator consists of two plates made of conducting material such as metal or carbon; an electrolyte solution is spread between the plates.
Electromagnetic:
Electromagnetic is the energy produced and radiated by electrically charged particles. Electromagnetic radiation can be categorized into ionizing radiation, non-ionizing radiation, and radio waves. The most common form of electromagnetic radiation is visible light; other forms include X-rays, microwaves, infrared light, and ultraviolet light.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The industry has been witnessing a paradigm shift due to advancements in technology. Microactuators are used for various applications such as electronic engine control, infotainment systems, body electronics, HVAC (heating, ventilation and cooling), safety devices and active noise cancellation systems among others.
Electronics segment is also one of the prominent segments where microactuators are used for purposes such as power management ICs that optimize battery life by reducing unnecessary electrical consumption or actuation of switches that trigger movement of mechanical components on integrated circuits. These actuators provide low-power modes when demand on system is low which helps extend battery life considerably improving overall system efficiency across different end-use industries including automotive & transportation and consumer electronics & appliances which further propels their demand globally over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries such as automotive, electronics, medical & healthcare, and others. China is one of the major countries contributing toward regional growth owing to a large consumer base along with easy availability of raw materials and labor.
The Asia Pacific market was valued at USD X million in 2017 owing to high demand for microactuators from key end-use industries such as automotive, aerospace & defense, consumer electronics among others across emerging economies including India, Indonesia among many other South East Asian countries (Bharatmati 2013). Increasing investments by governments in R&D activities are also anticipated to fuel industry expansion over the coming years (Kumar et al., 2016).
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand from the medical device and diagnostics sector
- Growing popularity of micro-electromechanical systems (MEMS) technology
- Proliferation of nanotechnology and MEMS fabrication processes
- Advances in microactuator design and materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Microactuator Market Research Report
By Type
Electrostatic, Electromagnetic, Piezoelectric, Fluid, Thermal
By Application
Electronics, Automotive, Automobile Industry, Other
By Companies
IBM Corporation, ST Microelectronics, Agilent Technologies, Stmicroelectronics, NanoSniff Technologies, SAES Group, Linear Technology, Physik Instrumente (PI), NGK
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Microactuator Market Report Segments:
The global Microactuator market is segmented on the basis of:
Types
Electrostatic, Electromagnetic, Piezoelectric, Fluid, Thermal
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
Electronics, Automotive, Automobile Industry, 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 Corporation
- ST Microelectronics
- Agilent Technologies
- Stmicroelectronics
- NanoSniff Technologies
- SAES Group
- Linear Technology
- Physik Instrumente (PI)
- NGK
Highlights of The Microactuator 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:
- Electrostatic
- Electromagnetic
- Piezoelectric
- Fluid
- Thermal
- By Application:
- Electronics
- Automotive
- Automobile Industry
- 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 Microactuator 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Microactuators are tiny machines that can be controlled using electrical signals. They are used to move small objects or fluids with precision and speed.
Some of the major companies in the microactuator market are IBM Corporation, ST Microelectronics, Agilent Technologies, Stmicroelectronics, NanoSniff Technologies, SAES Group, Linear Technology, Physik Instrumente (PI), NGK.
The microactuator market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microactuator 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. Microactuator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microactuator Market - Supply Chain
4.5. Global Microactuator Market Forecast
4.5.1. Microactuator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microactuator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microactuator Market Absolute $ Opportunity
5. Global Microactuator 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. Microactuator Market Size and Volume Forecast by Type
5.3.1. Electrostatic
5.3.2. Electromagnetic
5.3.3. Piezoelectric
5.3.4. Fluid
5.3.5. Thermal
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microactuator 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. Microactuator Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Automotive
6.3.3. Automobile Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microactuator 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. Microactuator 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 Microactuator 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. Microactuator 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 Microactuator Demand Share Forecast, 2019-2026
9. North America Microactuator 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 Microactuator 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 Microactuator Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Automotive
9.4.3. Automobile Industry
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 Microactuator Market Size and Volume Forecast by Type
9.7.1. Electrostatic
9.7.2. Electromagnetic
9.7.3. Piezoelectric
9.7.4. Fluid
9.7.5. Thermal
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 Microactuator Demand Share Forecast, 2019-2026
10. Latin America Microactuator 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 Microactuator 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 Microactuator Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Automotive
10.4.3. Automobile Industry
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 Microactuator Market Size and Volume Forecast by Type
10.7.1. Electrostatic
10.7.2. Electromagnetic
10.7.3. Piezoelectric
10.7.4. Fluid
10.7.5. Thermal
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 Microactuator Demand Share Forecast, 2019-2026
11. Europe Microactuator 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 Microactuator 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 Microactuator Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Automotive
11.4.3. Automobile Industry
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 Microactuator Market Size and Volume Forecast by Type
11.7.1. Electrostatic
11.7.2. Electromagnetic
11.7.3. Piezoelectric
11.7.4. Fluid
11.7.5. Thermal
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections byType
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 Microactuator Demand Share, 2019-2026
12. Asia Pacific Microactuator 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 Microactuator 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 Microactuator Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Automotive
12.4.3. Automobile Industry
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 Microactuator Market Size and Volume Forecast by Type
12.7.1. Electrostatic
12.7.2. Electromagnetic
12.7.3. Piezoelectric
12.7.4. Fluid
12.7.5. Thermal
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 Microactuator Demand Share, 2019-2026
13. Middle East & Africa Microactuator 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 Microactuator 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 Microactuator Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Automotive
13.4.3. Automobile Industry
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 Microactuator Market Size and Volume Forecast by Type
13.7.1. Electrostatic
13.7.2. Electromagnetic
13.7.3. Piezoelectric
13.7.4. Fluid
13.7.5. Thermal
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 Microactuator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microactuator Market: Market Share Analysis
14.2. Microactuator Distributors and Customers
14.3. Microactuator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IBM Corporation
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 Technologies
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. Linear Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Physik Instrumente (PI)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NGK
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
