The Actuators Market Impact of US Tariffs and Trade War
The Actuators Market plays a pivotal role across various industries, including aerospace, defense, automotive, industrial automation, and robotics. Actuators are mechanical devices that convert energy into motion and are critical in operations like controlling valves, doors, robotic arms, aircraft components, and various other applications. As industries continue to advance technologically, the demand...
Actuators Market worth $74.5 billion by 2024
The actuators market is estimated to be USD 49.2 billion in 2019 and is projected to reach USD 74.5 billion, at a Compound Annual Growth Rate (CAGR) of 8.6% from 2019 to 2024. This market is driven by factors, such as the increasing investments in process automation of numerous industry verticals, rising demand for robots, and technological advancements in actuators.
Based on actuation, the Pneumatic...