Market Overview:
The global multi-axis actuators market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturization and precision in various applications, such as automobiles, mechanicals, medical devices, and others. Multi-axis actuators are used to provide motion along more than one axis and offer high precision and accuracy in movement. These actuators are increasingly being used in various applications owing to their ability to provide precise motion control along multiple axes. The global multi-axis actuators market is segmented on the basis of type into 2-axis actuators, 3-axis actuators, and others. The 3-axis actuator segment is expected to grow at the highest CAGR during the forecast period from 2018 to 2030 due its ability provide accurate motion control along three axes simultaneously. On the basis of application, the global multi-axis actuator market is segmented into automobiles, mechanicals medical devices,,and others In terms of region,. North America accounted for majority share of revenue generated by this market in 2017 followed by Europe Asia Pacific , Latin America ,and Middle East & Africa .
Product Definition:
Multi-axis actuators are devices that can control movement in more than one axis. They are used for tasks such as welding, fabricating, and machining. Multi-axis actuators allow for greater precision and accuracy in these tasks, making them essential tools in many industries.
2-Axis Actuators:
2-axis actuators are used in multi-axis actuators and they are widely used in industrial applications. The growth factor for 2-axis actuator is its ability to move on two orthogonal axes, which increases the application areas of 2-axis actuator. In addition, it has advantages over single axis motion control as there is no need for additional hardware such as position feedback sensors or limit switches that can cause unwanted movement when using a single axis control system.
3-Axis Actuators:
3-axis actuators are used in multi-axis actuators. They have advantages over the 2-axis type such as they can be used to provide rotation, translation and scale motion with a single unit. The 3-axis type is more suitable for applications that require high precision and repeatability due to its ability to maintain stability even when the input forces change slightly.
Application Insights:
The mechanicals segment dominated the global multi-axis actuators market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for industrial robots across various industries such as automotive, electronics, and medical. Furthermore, technological advancements and innovations are further driving the demand for these devices in industrial applications. For instance, a 3D printed prototype can be used to design a product with higher accuracy and efficiency which is expected to drive their adoption over the coming years.
Medical devices are anticipated to witness significant growth over the forecast period owing to an increase in usage of forceps during childbirth among other medical procedures that require high precision robotic systems controlled by multi-axis actuators. In addition, these devices help reduce human effort by automating movements thereby reducing errors resulting in improved patient care delivery systems over time which is also expected fuel their adoption significantly over next eight years or so till 2030 globally speaking!.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing R&D investments by various organizations in this region. For instance, the National University of Singapore (NUS) has developed an actuator that can detect and diagnose motion sickness using machine learning algorithms. This actuator will help people with motion sickness problems while traveling in a vehicle or on a boat as it will provide real-time data about their condition and recommend treatment options accordingly.
The European market is also anticipated to witness significant growth during the forecast period owing to increased funding for research activities pertaining towards development of advanced technologies such as multi-axis actuation systems across different industries such as automotive, aerospace & defense, marine etc., especially within Germany and France countries respectively.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics and medical devices
- Growing demand for electric vehicles and hybrid vehicles
- Rising trend of automation in manufacturing industries
- Proliferation of robotics across various industrial sectors
- Increasing application scope of multi-axis actuators in aerospace and defense sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-Axis Actuators Market Research Report
By Type
2-Axis Actuators, 3-Axis Actuators, Others
By Application
Automobiles, Mechanicals, Medical Devices, Others
By Companies
SMAC Corporation, Bimba, Nook Industries, LIMON Auto Tech, IntelLiDrives, PHD, Inc., Allen-Bradley(Rockwell Automation), CKD Corporation
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Multi-Axis Actuators Market Report Segments:
The global Multi-Axis Actuators market is segmented on the basis of:
Types
2-Axis Actuators, 3-Axis Actuators, Others
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
Automobiles, Mechanicals, Medical Devices, 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:
- SMAC Corporation
- Bimba
- Nook Industries
- LIMON Auto Tech
- IntelLiDrives
- PHD, Inc.
- Allen-Bradley(Rockwell Automation)
- CKD Corporation
Highlights of The Multi-Axis 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:
- 2-Axis Actuators
- 3-Axis Actuators
- Others
- By Application:
- Automobiles
- Mechanicals
- Medical Devices
- 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 Multi-Axis 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.
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- Correctly Positioning New Products
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- 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?
Multi-axis actuators are devices that can move in more than one direction. This makes them ideal for tasks such as moving objects or parts, controlling robotic arms, and more.
Some of the major players in the multi-axis actuators market are SMAC Corporation, Bimba, Nook Industries, LIMON Auto Tech, IntelLiDrives, PHD, Inc., Allen-Bradley(Rockwell Automation), CKD Corporation.
The multi-axis actuators market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multi-Axis Actuators 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. Multi-Axis Actuators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multi-Axis Actuators Market - Supply Chain
4.5. Global Multi-Axis Actuators Market Forecast
4.5.1. Multi-Axis Actuators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multi-Axis Actuators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multi-Axis Actuators Market Absolute $ Opportunity
5. Global Multi-Axis Actuators 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. Multi-Axis Actuators Market Size and Volume Forecast by Type
5.3.1. 2-Axis Actuators
5.3.2. 3-Axis Actuators
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multi-Axis Actuators 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. Multi-Axis Actuators Market Size and Volume Forecast by Application
6.3.1. Automobiles
6.3.2. Mechanicals
6.3.3. Medical Devices
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multi-Axis Actuators 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. Multi-Axis Actuators 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 Multi-Axis Actuators 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. Multi-Axis Actuators 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 Multi-Axis Actuators Demand Share Forecast, 2019-2026
9. North America Multi-Axis Actuators 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 Multi-Axis Actuators 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 Multi-Axis Actuators Market Size and Volume Forecast by Application
9.4.1. Automobiles
9.4.2. Mechanicals
9.4.3. Medical Devices
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multi-Axis Actuators Market Size and Volume Forecast by Type
9.7.1. 2-Axis Actuators
9.7.2. 3-Axis Actuators
9.7.3. Others
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 Multi-Axis Actuators Demand Share Forecast, 2019-2026
10. Latin America Multi-Axis Actuators 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 Multi-Axis Actuators 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 Multi-Axis Actuators Market Size and Volume Forecast by Application
10.4.1. Automobiles
10.4.2. Mechanicals
10.4.3. Medical Devices
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multi-Axis Actuators Market Size and Volume Forecast by Type
10.7.1. 2-Axis Actuators
10.7.2. 3-Axis Actuators
10.7.3. Others
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 Multi-Axis Actuators Demand Share Forecast, 2019-2026
11. Europe Multi-Axis Actuators 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 Multi-Axis Actuators 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 Multi-Axis Actuators Market Size and Volume Forecast by Application
11.4.1. Automobiles
11.4.2. Mechanicals
11.4.3. Medical Devices
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multi-Axis Actuators Market Size and Volume Forecast by Type
11.7.1. 2-Axis Actuators
11.7.2. 3-Axis Actuators
11.7.3. Others
11.8. Basis Point Share (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 Multi-Axis Actuators Demand Share, 2019-2026
12. Asia Pacific Multi-Axis Actuators 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 Multi-Axis Actuators 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 Multi-Axis Actuators Market Size and Volume Forecast by Application
12.4.1. Automobiles
12.4.2. Mechanicals
12.4.3. Medical Devices
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multi-Axis Actuators Market Size and Volume Forecast by Type
12.7.1. 2-Axis Actuators
12.7.2. 3-Axis Actuators
12.7.3. Others
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 Multi-Axis Actuators Demand Share, 2019-2026
13. Middle East & Africa Multi-Axis Actuators 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 Multi-Axis Actuators 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 Multi-Axis Actuators Market Size and Volume Forecast by Application
13.4.1. Automobiles
13.4.2. Mechanicals
13.4.3. Medical Devices
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multi-Axis Actuators Market Size and Volume Forecast by Type
13.7.1. 2-Axis Actuators
13.7.2. 3-Axis Actuators
13.7.3. Others
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 Multi-Axis Actuators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multi-Axis Actuators Market: Market Share Analysis
14.2. Multi-Axis Actuators Distributors and Customers
14.3. Multi-Axis Actuators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SMAC 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. Bimba
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nook Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LIMON Auto Tech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. IntelLiDrives
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PHD, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Allen-Bradley(Rockwell Automation)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CKD Corporation
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
