Market Overview:
The global servo system products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for servo systems in various applications, such as textile, food, medical and others. Additionally, the growing demand for energy-efficient and high-performance servo systems is also contributing to the growth of this market.
Product Definition:
A servo system is a machine that uses feedback to control the position or motion of an object. Servo systems are used in a wide variety of applications, from robotics and manufacturing to aerospace and automotive engineering.
AC Servo Motors:
AC servo motors are used in various applications such as robotics, automation and motion control. They are also known as variable-speed motors or digital speed controllers (DSC). AC servo motors have a wide range of applications from automated test equipment to semiconductor packaging machines. The key factor contributing to the growth of this market is their ability to provide precise positioning control with high torque at low speeds which makes them suitable for automation and robotics application segments.
DC Servo Motors:
DC servo motors are used in the manufacturing of various products such as robotics, automation equipment, machine tools and semiconductor devices. Servo system products include position feedback control systems for machines or processes that require positioning to a specific location. The positioning is carried out with high accuracy and repeatability due to the use of DC servo motors.
Application Insights:
The textile application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. Servo systems are used in various applications including automated looms, knitting machines, weaving machines and presses, etc. The system uses a feedback control technique to move the machine automatically so that human intervention is not required during production process. This results in increased production with reduced costs and greater efficiency.
Medical equipment was another prominent segment accounting for a significant market share of 19% in 2017 owing to increasing demand from medical equipment manufacturers such as hospitals & diagnostic centers, pharmaceutical companies, etc. Automated systems reduce human efforts while improving overall productivity which eventually reduces operational cost resulting into lower prices for consumers ultimately providing higher margins for industry participants over the forecast period (viewed collectively).
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 high precision and fast speed motors from various application industries in countries such as China, Japan, India, and South Korea. Moreover, rising investments by governments of developing countries such as China and India are anticipated to boost product demand in these regions over the next eight years.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to its large textile industry that requires constant monitoring & adjustment during production processes using servo systems. Food processing companies are also investing heavily in this sector due to increasing automation across all stages of food production from cultivation through processing into packaging which has led these companies adopt DC Servo Motors with Programmable PWM Control System technology at a faster pace compared with other sectors thus boosting regional market growth significantly.
Growth Factors:
- Increasing demand from the automotive industry for Servo System Products as they help in improving fuel efficiency and reducing emissions.
- Growing demand for Servo System Products from the aerospace and defense sector due to their ability to improve system performance and reliability.
- Rising popularity of servo systems among Original Equipment Manufacturers (OEMs) due to their advantages over traditional hydraulic systems.
- Proliferation of industrial automation across various industries, which is driving the need for servo systems products in those industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo System Products Market Research Report
By Type
AC Servo Motors, DC Servo Motors
By Application
Textile, Food, Medical, Others
By Companies
Panasonic, Yaskawa Electric, Mitsubishi Electric, Siemens, Bosch Rexroth, Schneider Electric, Lenze, TECO Electric and Machinery, Shenzhen Inovance Technology, Wuhan Huazhong Numerical Control(HNC), Estun Automation, Shenzhen INVT Electric, KEB, BandR, Delta, LTI Motion
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Servo System Products Market Report Segments:
The global Servo System Products market is segmented on the basis of:
Types
AC Servo Motors, DC Servo Motors
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
Textile, Food, Medical, 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:
- Panasonic
- Yaskawa Electric
- Mitsubishi Electric
- Siemens
- Bosch Rexroth
- Schneider Electric
- Lenze
- TECO Electric and Machinery
- Shenzhen Inovance Technology
- Wuhan Huazhong Numerical Control(HNC)
- Estun Automation
- Shenzhen INVT Electric
- KEB
- BandR
- Delta
- LTI Motion
Highlights of The Servo System Products 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:
- AC Servo Motors
- DC Servo Motors
- By Application:
- Textile
- Food
- Medical
- 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 System Products 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 System Products is a company that manufactures servo motors and controllers. Servo motors are used in a variety of applications, including robotics, aerospace, and manufacturing. Controllers are used to control the movement of servos.
Some of the key players operating in the servo system products market are Panasonic, Yaskawa Electric, Mitsubishi Electric, Siemens, Bosch Rexroth, Schneider Electric, Lenze, TECO Electric and Machinery, Shenzhen Inovance Technology, Wuhan Huazhong Numerical Control(HNC), Estun Automation, Shenzhen INVT Electric, KEB, BandR, Delta, LTI Motion.
The servo system products market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Servo System Products 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 System Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Servo System Products 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 System Products 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 System Products Market Size & Forecast, 2018-2028
4.5.1 Servo System Products Market Size and Y-o-Y Growth
4.5.2 Servo System Products Market Absolute $ Opportunity
Chapter 5 Global Servo System Products 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 Servo System Products Market Size Forecast by Type
5.2.1 AC Servo Motors
5.2.2 DC Servo Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Servo System Products 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 Servo System Products Market Size Forecast by Applications
6.2.1 Textile
6.2.2 Food
6.2.3 Medical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Servo System Products 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 System Products 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 Servo System Products Analysis and Forecast
9.1 Introduction
9.2 North America Servo System Products 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 Servo System Products Market Size Forecast by Type
9.6.1 AC Servo Motors
9.6.2 DC Servo Motors
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 Servo System Products Market Size Forecast by Applications
9.10.1 Textile
9.10.2 Food
9.10.3 Medical
9.10.4 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 Servo System Products Analysis and Forecast
10.1 Introduction
10.2 Europe Servo System Products 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 Servo System Products Market Size Forecast by Type
10.6.1 AC Servo Motors
10.6.2 DC Servo Motors
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 Servo System Products Market Size Forecast by Applications
10.10.1 Textile
10.10.2 Food
10.10.3 Medical
10.10.4 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 Servo System Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Servo System Products 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 Servo System Products Market Size Forecast by Type
11.6.1 AC Servo Motors
11.6.2 DC Servo Motors
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 Servo System Products Market Size Forecast by Applications
11.10.1 Textile
11.10.2 Food
11.10.3 Medical
11.10.4 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 Servo System Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Servo System Products 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 Servo System Products Market Size Forecast by Type
12.6.1 AC Servo Motors
12.6.2 DC Servo Motors
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 Servo System Products Market Size Forecast by Applications
12.10.1 Textile
12.10.2 Food
12.10.3 Medical
12.10.4 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) Servo System Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Servo System Products 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) Servo System Products Market Size Forecast by Type
13.6.1 AC Servo Motors
13.6.2 DC Servo Motors
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) Servo System Products Market Size Forecast by Applications
13.10.1 Textile
13.10.2 Food
13.10.3 Medical
13.10.4 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 System Products Market: Competitive Dashboard
14.2 Global Servo System Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Yaskawa Electric
14.3.3 Mitsubishi Electric
14.3.4 Siemens
14.3.5 Bosch Rexroth
14.3.6 Schneider Electric
14.3.7 Lenze
14.3.8 TECO Electric and Machinery
14.3.9 Shenzhen Inovance Technology
14.3.10 Wuhan Huazhong Numerical Control(HNC)
14.3.11 Estun Automation
14.3.12 Shenzhen INVT Electric
14.3.13 KEB
14.3.14 BandR
14.3.15 Delta
14.3.16 LTI Motion
