Market Overview:
The global servo actuators 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 actuators in various applications, such as aviation and defense, automotive industry, construction and mining, machine tool, and others. Additionally, the growing demand for energy-efficient servo actuators is also contributing to the growth of this market.
Product Definition:
Servo actuators are devices that use feedback to control the position or velocity of an object. They are used in a wide variety of applications, including robotics, automotive systems, and manufacturing processes.
AC Servo Actuators:
AC servo actuators are used in various applications such as robotics, automation and semiconductor industries. Servo actuators are gaining importance due to their compact size, low power consumption capability and high accuracy. AC servo actuator market is expected to witness significant growth over the forecast period owing to its increasing usage in industrial robotics & semiconductor manufacturing processes.
The global AC servo actuator market was valued at USD 472 million in 2015.
DC Servo Actuators:
DC servo actuators are used in various applications such as robotics, automation and motion control. Servo actuators are a special type of motors that use DC power for rotation. They can be used to move objects with high accuracy and precision at low speed which makes them suitable for various robotic applications.
The market is expected to grow significantly over the forecast period owing to increasing demand from end-user industries including automotive & transportation, packaging, food & beverages.
Application Insights:
Automotive industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The automotive industry has been witnessing significant technological advancements which have led to increased adoption of digital technologies such as Global Positioning Systems (GPS), vision sensors, and other advanced sensors for advanced driver assistance systems (ADAS). ADAS is a key area of focus for actuators due to increasing demand from regulatory bodies such as NHTSA, EPA, DFS and others. Servo motors are used in various applications including parking assist, adaptive cruise control, lane departure warning system etc. These motors provide smooth acceleration without jerks or bounces by continuously modulating the steering wheel angle according to the vehicle¢â‚¬â„¢s speed.
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 industrial applications and rapid expansion of manufacturing facilities in China, India, and Japan. In addition, rising investments by governments in developing countries are anticipated to fuel product demand. For instance, according to a white paper published by the World Bank Group titled “China 2030: A New Vision for Asia†(2017), China has set an ambitious target of becoming a developed country with high-income status by around 2030. Such factors are projected to augment market growth over the next eight years or so.
Europe was estimated as one of the largest servo actuators markets with more than 20% share in 2016 owing their extensive use across various end-use industries such as automotive.
Growth Factors:
- Increasing demand for miniaturization in industrial and consumer electronics products
- Growing demand from the automotive industry for advanced driver assistance systems (ADAS) and electric vehicles
- Rising adoption of servo actuators in medical devices and laboratory automation
- Growing popularity of robotics across various industries
- Increasing investments in research and development by servo actuator manufacturers to develop new products
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo Actuators Market Research Report
By Type
AC Servo Actuators, DC Servo Actuators
By Application
Aviation and Defense, Automotive Industry, Construction and Mining, Machine Tool, Others
By Companies
Moog, MotiCont, SKF, Tolomatic, Wittenstein, Electromate, Harmonic Drive AG, ATB Automation, Bosch Rexroth
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Servo Actuators Market Report Segments:
The global Servo Actuators market is segmented on the basis of:
Types
AC Servo Actuators, DC Servo Actuators
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
Aviation and Defense, Automotive Industry, Construction and Mining, Machine Tool, 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:
- Moog
- MotiCont
- SKF
- Tolomatic
- Wittenstein
- Electromate
- Harmonic Drive AG
- ATB Automation
- Bosch Rexroth
Highlights of The Servo Actuators 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 Actuators
- DC Servo Actuators
- By Application:
- Aviation and Defense
- Automotive Industry
- Construction and Mining
- Machine Tool
- 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 Actuators 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 actuators are a type of electric motor that can be controlled using servo controllers. These motors are often used in applications where precise movement is required, such as robotics or industrial machinery.
Some of the major companies in the servo actuators market are Moog, MotiCont, SKF, Tolomatic, Wittenstein, Electromate, Harmonic Drive AG, ATB Automation, Bosch Rexroth.
The servo actuators market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Servo Actuators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Servo Actuators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Servo Actuators Market - Supply Chain
4.5. Global Servo Actuators Market Forecast
4.5.1. Servo Actuators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Servo Actuators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Servo Actuators Market Absolute $ Opportunity
5. Global Servo Actuators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Servo Actuators Market Size and Volume Forecast by Type
5.3.1. AC Servo Actuators
5.3.2. DC Servo Actuators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Servo Actuators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Servo Actuators Market Size and Volume Forecast by Application
6.3.1. Aviation and Defense
6.3.2. Automotive Industry
6.3.3. Construction and Mining
6.3.4. Machine Tool
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Servo Actuators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Servo Actuators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Servo Actuators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Servo Actuators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Servo Actuators Demand Share Forecast, 2019-2026
9. North America Servo Actuators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Servo Actuators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Servo Actuators Market Size and Volume Forecast by Application
9.4.1. Aviation and Defense
9.4.2. Automotive Industry
9.4.3. Construction and Mining
9.4.4. Machine Tool
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Servo Actuators Market Size and Volume Forecast by Type
9.7.1. AC Servo Actuators
9.7.2. DC Servo Actuators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Servo Actuators Demand Share Forecast, 2019-2026
10. Latin America Servo Actuators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Servo Actuators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Servo Actuators Market Size and Volume Forecast by Application
10.4.1. Aviation and Defense
10.4.2. Automotive Industry
10.4.3. Construction and Mining
10.4.4. Machine Tool
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Servo Actuators Market Size and Volume Forecast by Type
10.7.1. AC Servo Actuators
10.7.2. DC Servo Actuators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Servo Actuators Demand Share Forecast, 2019-2026
11. Europe Servo Actuators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Servo Actuators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Servo Actuators Market Size and Volume Forecast by Application
11.4.1. Aviation and Defense
11.4.2. Automotive Industry
11.4.3. Construction and Mining
11.4.4. Machine Tool
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Servo Actuators Market Size and Volume Forecast by Type
11.7.1. AC Servo Actuators
11.7.2. DC Servo Actuators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Servo Actuators Demand Share, 2019-2026
12. Asia Pacific Servo Actuators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Servo Actuators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Servo Actuators Market Size and Volume Forecast by Application
12.4.1. Aviation and Defense
12.4.2. Automotive Industry
12.4.3. Construction and Mining
12.4.4. Machine Tool
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Servo Actuators Market Size and Volume Forecast by Type
12.7.1. AC Servo Actuators
12.7.2. DC Servo Actuators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Servo Actuators Demand Share, 2019-2026
13. Middle East & Africa Servo Actuators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Servo Actuators Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Servo Actuators Market Size and Volume Forecast by Application
13.4.1. Aviation and Defense
13.4.2. Automotive Industry
13.4.3. Construction and Mining
13.4.4. Machine Tool
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Servo Actuators Market Size and Volume Forecast by Type
13.7.1. AC Servo Actuators
13.7.2. DC Servo Actuators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Servo Actuators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Servo Actuators Market: Market Share Analysis
14.2. Servo Actuators Distributors and Customers
14.3. Servo Actuators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Moog
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MotiCont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SKF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tolomatic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wittenstein
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Electromate
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Harmonic Drive AG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ATB Automation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bosch Rexroth
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
