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The electric actuators market size is forecast to increase by USD 4.26 billion at a CAGR of 4.9% between 2023 and 2028. Electric actuators have gained significant traction in various industries due to their numerous advantages over traditional hydraulic and pneumatic actuators. The growing demand for commercial and defense aircraft, as well as space travel, is driving the market's expansion. Electric actuators offer smoother operations, faster response times, and increased precision, making them ideal for robotics industry applications such as rotary actuators in rotary movement and rotary travel. In addition, technical developments in sensor technology have led to the improvement of electric actuators, ensuring more reliable and efficient performance. The market is witnessing a ripple effect in sectors like treatment chairs, turbine bypass, valve control, and wheelchairs.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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