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Key End-Use Industries Collapse Like a House of Cards Leaving the Linear Actuators Market Staring at $4Billion in Losses
The global market for Linear Actuators is expected witness revenues plummet by -14.2% in the year 2020 and thereafter recover and grow to reach US$37.2 billion by the year 2027, trailing a post COVID-19 CAGR of 6.3% over the analysis period 2020 through 2027.
Actuators are critical devices used as components in assemblies for almost all industries, including automotive, aerospace, agriculture, manufacturing, solar, medical, and robotics. Actuators are electromechanical or mechanical systems which control motion. They transform energy into motion. The resultant effect is used in many scientific and industrial applications such as nanopositioning in semiconductor production, valves, and micro fluidic motors, among others. Actuators are used for applying specific force on entities for perf