Market Overview:
Servo Motors and Drives Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for servo motors and drives in various industrial applications, such as machinery-related industries, electronics-related industries, and others. Additionally, the growing demand for servo motors and drives in Asia Pacific is another major factor that is driving the market growth. However, high installation cost of servo motors may restrain the market growth during the forecast period.
Product Definition:
Servo Motors and Drives are used to control the speed and position of an object. They are important because they allow for precise control over an object.
Servo Motors:
Servo motors are used in various applications such as robotics, automation and motion control. Servo motors have gained popularity due to their ability to provide accurate positioning with high torque at low speeds. They are widely used in industrial robots that need a position feedback mechanism for the positioning of the machine tool or work piece.
The global servo motors and drives market was valued at USD 3,F7 million in 2015.
Servo Drives:
The servo drives and its usage in the servo motors and drives market is a recent innovation. Servo motors are used to perform multiple operations automatically. It controls the motion of machine tools or automation equipment by providing an output signal that varies as per need. The variations in the output signal can be programmed using software for controlling various machines through computers, tablets, smartphones or other control devices.
Application Insights:
The machinery-related industries accounted for the largest market share in 2017 and are expected to continue its dominance over the forecast period. The growth of this application segment can be attributed to increasing demand for industrial robots across manufacturing facilities, which is resulting in increased use of servo motors and drives.
In electronics-related industries, product demand is primarily driven by growing automation activities in semiconductor plants. Servo motors are widely used as a substitute for DC electric motor owing to their high precision, efficiency and compact size; they also have applications such as positioning systems that drive robot arms used in automated laboratories at universities around the world. Other than electronics industry, these drives find applications such as automotive & transportation industry where they are used extensively due to their superior performance characteristics compared with traditional hydraulic systems. These products also find numerous uses outside automobile sector such as medical equipment & robotics where manufacturers focus on reducing costs while improving quality through automation processes thereby driving overall market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for automation in various industrial applications, such as electronics, textile machinery and food processing. In addition, rising investments by governments in developing countries are anticipated to fuel product demand. For instance, China has implemented a national plan on intelligent equipment manufacturing that includes smart factory development and establishment of new industrial parks with advanced production facilities for intelligent machines and equipment manufacturing.
Growth Factors:
- Increasing demand from the automotive industry for servo motors and drives to improve fuel efficiency and reduce emissions.
- Growth in the semiconductor industry, which is driving the need for more accurate and faster motion control systems.
- Rapid expansion of industrial automation in developing countries, as companies seek to increase efficiency and competitiveness.
- Proliferation of smart devices and the Internet of Things, which is creating new opportunities for servo motors and drives in a wide range of applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo Motors and Drives Market Research Report
By Type
Servo Motors, Servo Drives
By Application
Machinery-related Industries, Electronics-related Industries, Others
By Companies
Yaskawa, Mitsubishi, Fanuc, Siemens, ABB, Rockwell, Nidec, Panasonic, Delta, SANYO DENKI, Rexroth (Bosch), Teco, Schneider, Moog, Oriental Motor, Toshiba, Parker Hannifin, Inovance, Kollmorgen, Lenze
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Servo Motors and Drives Market Report Segments:
The global Servo Motors and Drives market is segmented on the basis of:
Types
Servo Motors, Servo Drives
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery-related Industries, Electronics-related Industries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yaskawa
- Mitsubishi
- Fanuc
- Siemens
- ABB
- Rockwell
- Nidec
- Panasonic
- Delta
- SANYO DENKI
- Rexroth (Bosch)
- Teco
- Schneider
- Moog
- Oriental Motor
- Toshiba
- Parker Hannifin
- Inovance
- Kollmorgen
- Lenze
Highlights of The Servo Motors and Drives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Servo Motors
- Servo Drives
- By Application:
- Machinery-related Industries
- Electronics-related Industries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Servo Motors and Drives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Servo motors are used to move objects or parts. They can be controlled by a computer, and they often have sensors that allow them to move in specific directions or at specific speeds. Servo drives are used to power these motors, and they often use microchips so that the motor can be controlled precisely.
Some of the key players operating in the servo motors and drives market are Yaskawa, Mitsubishi, Fanuc, Siemens, ABB, Rockwell, Nidec, Panasonic, Delta, SANYO DENKI, Rexroth (Bosch), Teco, Schneider, Moog, Oriental Motor, Toshiba, Parker Hannifin, Inovance, Kollmorgen, Lenze.
The servo motors and drives market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Servo Motors and Drives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Servo Motors and Drives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Servo Motors and Drives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Servo Motors and Drives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Servo Motors and Drives Market Size & Forecast, 2020-2028
4.5.1 Servo Motors and Drives Market Size and Y-o-Y Growth
4.5.2 Servo Motors and Drives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Servo Motors
5.2.2 Servo Drives
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Machinery-related Industries
6.2.2 Electronics-related Industries
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Servo Motors and Drives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Servo Motors and Drives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Servo Motors
9.6.2 Servo Drives
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Machinery-related Industries
9.10.2 Electronics-related Industries
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Servo Motors
10.6.2 Servo Drives
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Machinery-related Industries
10.10.2 Electronics-related Industries
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Servo Motors
11.6.2 Servo Drives
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Machinery-related Industries
11.10.2 Electronics-related Industries
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Servo Motors
12.6.2 Servo Drives
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Machinery-related Industries
12.10.2 Electronics-related Industries
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Servo Motors
13.6.2 Servo Drives
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Machinery-related Industries
13.10.2 Electronics-related Industries
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Servo Motors and Drives Market: Competitive Dashboard
14.2 Global Servo Motors and Drives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yaskawa
14.3.2 Mitsubishi
14.3.3 Fanuc
14.3.4 Siemens
14.3.5 ABB
14.3.6 Rockwell
14.3.7 Nidec
14.3.8 Panasonic
14.3.9 Delta
14.3.10 SANYO DENKI
14.3.11 Rexroth (Bosch)
14.3.12 Teco
14.3.13 Schneider
14.3.14 Moog
14.3.15 Oriental Motor
14.3.16 Toshiba
14.3.17 Parker Hannifin
14.3.18 Inovance
14.3.19 Kollmorgen
14.3.20 Lenze
