Smart Pneumatics Market Trends

  • Report ID: 6442
  • Published Date: Sep 17, 2024
  • Report Format: PDF, PPT

Smart Pneumatics Market Trends

Growth Drivers

  • Deployment of next-gen sensors and control systems: The integration of smart sensors and control systems is driving greater precision, flexibility, and efficiency in pneumatic systems. Modern pneumatic systems are enabled with high-accuracy pressure sensors that continuously monitor air pressure within the systems. Smart pneumatic systems are expected to exhibit increasing adoption in several end use organizations, including automotive, manufacturing, and food & beverages in the coming years, owing to their real-time monitoring, accurate feedback, and adaptive control.
  • Compact pneumatic systems to exhibit increasing demand: The miniaturization trend is driving the demand for compact pneumatic systems where space is premium such as in assembly lines and robotics for precise movements in confined spaces. Aerospace and electronics are prime end use industries, which are driving the demand for compact pneumatic technologies. Companies manufacturing compact pneumatic systems are set to gain a competitive edge in the coming years as end users seek next-gen solutions that can offer high performance in limited space.

Challenges

  • High costs: Smart pneumatics are manufactured using advanced technologies and components, which increases their overall costs compared to conventional pneumatics. This factor can act as a major obstacle to their adoption particularly in small-scale or budget-constraint organizations.
  • Complexity and compatibility issues:  The integration of smart pneumatics into existing systems can be a complex process and may lead to the need for expert technicians. The seamless communication between smart components and legacy systems requires core planning and execution or else the complexity can create resistance to adoption. Overall, the installation of smart pneumatic technologies is a complex and expensive process for businesses running on tight budgets.

Smart Pneumatics Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

2.5%

Base Year Market Size (2024)

USD 4.9 billion

Forecast Year Market Size (2037)

USD 6.7 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 6442
  • Published Date: Sep 17, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global smart pneumatics market will be valued at USD 5.1 billion in 2025.

Expanding at a CAGR of 2.5%, the global market is expected to increase from USD 4.9 billion in 2024 to USD 6.7 billion by 2037.

Some of the leading companies are Parker Hannifin Corporation, Emerson Electric Co., Bosch Rexroth, and Chicago Pneumatic.

The sales of smart pneumatic actuators are estimated to expand at a CAGR of 2.4% through 2037.

Asia Pacific leads the global demand for smart pneumatics and is expected to hold a dominant market share through 2037.
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