Micro Actuator Market : Global Industry Analysis and Forecast
2016 - 2024
Persistence Market Research
Micro Actuator Market : Global Industry
Analysis and Forecast 2016 - 2024
Persistence Market Research
1
Micro Actuator Market : Global Industry Analysis and Forecast
2016 - 2024
Persistence Market Research Released New Market Report on “Micro Actuator Market :
Global Industry Analysis and Forecast 2016 - 2024”.
Transducers are those devices which helps to convert one form of energy to another form of
energy. Actuator is a type of transducers which helps in producing mechanical movement
through converting a source of energy. Here the source of energy may include electric current,
pneumatic pressure or hydraulic fluid pressure. Whereas micro actuator helps to transmit a
measure or fixed amount of energy for the operation of other mechanism. In other words it is
mainly used to produce small forces in entities of small sizes and motions at over small
distances. Growing advancement in industries such as automotive, healthcare and wellness is
expected to drive the demand of micro actuator in the forecast period.
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Micro Actuator Market Segmentation
On the basis of types micro actuator can be segmented as electric micro actuators, functional
material based micro actuators, shape memory alloy (SMA) micro actuator, and others. Electric
micro actuator can be further sub segmented as electromagnetic micro actuators and
electrostatic actuators. Among both these sub segments electromagnetic micro actuator is
expected to account for larger market share as compared to electrostatic actuator. Rising wide
application of electromagnetic micro actuator devices especially in space crafts is expected to
support the demand of electromagnetic micro actuator across the globe. Furthermore, functional
material based micro actuator is further sub segmented as piezoelectric micro actuator. Rising
application of piezoelectric devices in various applications ranging from energy generation in
medical instrument, or gathering of pedestrian traffic to power localized street lightening or
portable devices to power the sensors in vehicles is expected to support the demand of
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Micro Actuator Market : Global Industry Analysis and Forecast
2016 - 2024
functional material based micro actuator in the forecast period. Moreover, shape memory alloy
(SMA) micro actuator is further sub segmented as electroactive polymer (EAP) based micro
actuator. Rising considerable attention for the use of sensors for micro fabricated devise is
driving the growth of electroactive polymer (EAP) based micro actuator in the near future. In
addition, the others segment of micro actuator includes bimetallic thermal actuator and
magnetostrictive actuators.
The micro actuator market can also be segmented on the basis of region which includes North
America, Latin America, Easter Europe, Western Europe, Middle East and Africa, Asia Pacific
and Japan. Among all the regions North America is expected to account for the highest market
share followed by Europe. In North America United States is expected to be the major
contributor as compared to other countries in the region. Rising demand of automotive products
and, health and wellness industry is expected to support the growth of micro actuator market
across the region. Moreover, Asia Pacific is expected to register a substantial growth in the
forecast period. Among all the countries in Asia Pacific China is expected to be the major
contributor. Rising number of aging population have led to the increased production of
innovative medical instruments, which is expected to support the growth of micro actuator
market in China in the forecast period.
Micro Actuator Market Drivers & Restraints
Rising wide number of application in automobile industry, health and wellness industry and other
industry such space crafts or industries where heavy machineries are required is expected to
support the demand of micro actuator market across the globe. Moreover, rising demand of
micro fabricated sensors in above mentioned industries is also expected to support the growth
of micro actuator market across the globe in the forecast period. However high cost incurred in
manufacturing of micro actuator devices may hamper the growth of micro actuator market in the
future.
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Micro Actuator Market : Global Industry Analysis and Forecast
2016 - 2024
Micro Actuator Market: Key Players
The key international players operating in micro actuator market includes IBM Corporation, ST
Microelectronics, Agilent Technologies, Stmicroelectronics Ltda, NanoSniff Technologies Pvt.
Ltd., SAES Group and others.
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The report covers exhaustive analysis on:
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Micro Actuator Market Segments
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Micro Actuator Market Dynamics
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Historical Actual Market Size, 2012 - 2014
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Micro Actuator Market Size & Forecast 2015 to 2025
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Supply & Demand Value Chain
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Micro Actuator Market Current Trends/Issues/Challenges
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Competition & Companies involved
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Technology
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Value Chain
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Micro Actuator Market Drivers and Restraints
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Micro Actuator Market : Global Industry Analysis and Forecast
2016 - 2024
Regional analysis for Micro Actuator Market includes
North America
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US & Canada
Latin America
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Brazil, Argentina & Others
Western Europe
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EU5
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Nordics
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Benelux
Eastern Europe
Asia Pacific
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Australia and New Zealand (ANZ)
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Greater China
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India
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ASEAN
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Rest of Asia Pacific
Japan
Middle East and Africa
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GCC Countries
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Other Middle East
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North Africa
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South Africa
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Other Africa
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Micro Actuator Market : Global Industry Analysis and Forecast
2016 - 2024
The report is a compilation of first-hand information, qualitative and quantitative assessment by
industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and
governing factors along with market attractiveness as per segments. The report also maps the
qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
•
Detailed overview of parent market
•
Changing market dynamics of the industry
•
In-depth market segmentation
•
Historical, current and projected market size in terms of volume and value
•
Recent industry trends and developments
•
Competitive landscape
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Strategies of key players and product offerings
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Potential and niche segments/regions exhibiting promising growth
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A neutral perspective towards market performance
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Must-have information for market players to sustain and enhance their market footprint
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Micro Actuator Market : Global Industry Analysis and Forecast
2016 - 2024
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