Advancements in Rotary Actuator Technologies Drive Market Expansion

The global rotary actuator market is projected to reach $63.2 billion by 2028, driven by the rising demand for industrial automation and advancements in rotary actuator technologies. Robot installations in France reached an all-time high in 2022, with the automotive industry being the main customer. Robotics is identified as the next multi-decade trend, driven by advances in hardware and software, labor shortages, and more accepting attitudes. The global robotics process automation solution market is projected to reach a multimillion-dollar valuation by 2030, with a CAGR during the forecast period. The security robots market is expected to reach USD 116,419.63 million by 2028, with a CAGR of 20.68% during the forecast period.