Market Overview:
The global servo drivers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for factory automation and robotics across the globe. Additionally, the growing trend of miniaturization is also contributing to the growth of this market. The global servo drivers market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into pulse servo drivers, analog servo drivers, and networked servo drives. The pulse Servo Drivers segment is expected to hold a major share in this market owing to its low cost and high efficiency as compared to other types of Servo Drivers .On th e basis o f application , t he Factory Automation segment is projected t o lead th e global se rvo driver s m arket d ue t o th e increasin g demand for automated manufacturing processes across various industries . O n th e ba sis o f regi on , t he Asia Pacific segm ent i s ex pected t o witness th e highest growth rate durin g th e forecast period owing to rapid industrialization an d development in countries such as China an d India .
Product Definition:
Servo Drivers are devices that convert electrical signals into mechanical motion. They are used to control the position of servomechanisms, which are devices that use feedback to maintain a specific physical condition. Servo Drivers are important because they allow machines to be controlled accurately and precisely.
Pulse:
Pulse is a pulse-width modulation servo driver. It controls the position of a servo motor by varying the pulse width. Servo motors are used in numerous applications ranging from automotive to industrial robotics and consumer electronics manufacturing industries owing to their high accuracy, repeatability, and positioning capabilities. Pulse width modulation (PWM) is an electronic control method that uses short and intermittent pulses of current to control the speed of a machine or device.
Analog:
Analog is a continuously varying quantity and can be represented by a continuous range of values. It has no fixed points and cannot be precisely measured or divided into equal parts. In other words, analog signals are always changing in comparison to digital signals which can take on only two values: 0 (zero) or 1 (one). The most common example of an analog signal is sound waves where the intensity of the sound changes from one place to another e.g.
Application Insights:
The network servo drivers are used in robotics applications as they provide high power and precision. The application of the network drivers is expected to witness a CAGR of XX% from 2018 to 2030 owing to their rising adoption in industrial automation applications.
CNC machining was the largest segment accounted for over 35% of the global revenue share in 2017. Servo motors are widely used for positioning tools on cutting machines such as end mills, drills, and reamers. These motors provide high power with low speed variation which enables them to be an ideal solution for use with CNC machinery especially if they have multiple axes capability or can be converted into a multi-axis device through additional hardware known as ¢â‚¬Ëœconverters¢â‚¬â„¢.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising adoption of automation in manufacturing facilities, especially in China and Japan. In addition, growing demand for high precision tools from various end-use industries such as aerospace & defense, automotive is anticipated to drive the Asia Pacific servo drivers market during the forecast period.
The Europe market was valued at USD X million in 2017 owing to presence of a large number of manufacturers involved in developing advanced technologies for machine tool industry. Moreover, increasing investments by governments for adopting automation technology are likely to boost regional product demand over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This is primarily owing to the increasing environmental concerns and stringent emission norms across the world. Electric vehicles are powered by servo drivers, which makes them an important component in the automotive industry.
- Growing demand for industrial automation: Industrial automation is growing at a rapid pace due to the increasing need for efficiency and productivity in industries such as manufacturing, automotive, and logistics. Servo drivers are an integral part of industrial automation systems and play a key role in controlling various processes such as motion control, speed control, and torque control.
- Rising popularity of smart homes: The global market for smart homes is expected to grow at a CAGR of more than 28% during the forecast period. This can be attributed to the increasing demand for energy-efficient solutions that can help reduce electricity bills significantly. Servo drivers play an important role in controlling various appliances within a smart home through embedded intelligence algorithms that enable better energy management."
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo Drivers Market Research Report
By Type
Pulse, Analog, Network
By Application
CNC Machining, Factory Automation, Robotics
By Companies
Omron, Schneider Electric, Panasonic, Rockwell Automation, Control Techniques, Servotronix Motion Control, Kollmorgen, Delta, ABB, Lafert Servo, Teknic, Bosch, Parker Hannifin, Tolomatic, ANCA Motion, YASKAWA, Mitsubishi, TE Connectivity, HIWIN, Applied Motion Products
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Servo Drivers Market Report Segments:
The global Servo Drivers market is segmented on the basis of:
Types
Pulse, Analog, Network
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
CNC Machining, Factory Automation, Robotics
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:
- Omron
- Schneider Electric
- Panasonic
- Rockwell Automation
- Control Techniques
- Servotronix Motion Control
- Kollmorgen
- Delta
- ABB
- Lafert Servo
- Teknic
- Bosch
- Parker Hannifin
- Tolomatic
- ANCA Motion
- YASKAWA
- Mitsubishi
- TE Connectivity
- HIWIN
- Applied Motion Products
Highlights of The Servo Drivers 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:
- Pulse
- Analog
- Network
- By Application:
- CNC Machining
- Factory Automation
- Robotics
- 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 Drivers 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
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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 drivers are used to control the movement of servos.
Some of the key players operating in the servo drivers market are Omron, Schneider Electric, Panasonic, Rockwell Automation, Control Techniques, Servotronix Motion Control, Kollmorgen, Delta, ABB, Lafert Servo, Teknic, Bosch, Parker Hannifin, Tolomatic, ANCA Motion, YASKAWA, Mitsubishi, TE Connectivity, HIWIN, Applied Motion Products.
The servo drivers market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Servo Drivers 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 Drivers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Servo Drivers Market - Supply Chain
4.5. Global Servo Drivers Market Forecast
4.5.1. Servo Drivers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Servo Drivers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Servo Drivers Market Absolute $ Opportunity
5. Global Servo Drivers 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 Drivers Market Size and Volume Forecast by Type
5.3.1. Pulse
5.3.2. Analog
5.3.3. Network
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Servo Drivers 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 Drivers Market Size and Volume Forecast by Application
6.3.1. CNC Machining
6.3.2. Factory Automation
6.3.3. Robotics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Servo Drivers 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 Drivers 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 Drivers 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 Drivers 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 Drivers Demand Share Forecast, 2019-2026
9. North America Servo Drivers 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 Drivers 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 Drivers Market Size and Volume Forecast by Application
9.4.1. CNC Machining
9.4.2. Factory Automation
9.4.3. Robotics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Servo Drivers Market Size and Volume Forecast by Type
9.7.1. Pulse
9.7.2. Analog
9.7.3. Network
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 Drivers Demand Share Forecast, 2019-2026
10. Latin America Servo Drivers 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 Drivers 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 Drivers Market Size and Volume Forecast by Application
10.4.1. CNC Machining
10.4.2. Factory Automation
10.4.3. Robotics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Servo Drivers Market Size and Volume Forecast by Type
10.7.1. Pulse
10.7.2. Analog
10.7.3. Network
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 Drivers Demand Share Forecast, 2019-2026
11. Europe Servo Drivers 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 Drivers 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 Drivers Market Size and Volume Forecast by Application
11.4.1. CNC Machining
11.4.2. Factory Automation
11.4.3. Robotics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Servo Drivers Market Size and Volume Forecast by Type
11.7.1. Pulse
11.7.2. Analog
11.7.3. Network
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
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Servo Drivers Demand Share, 2019-2026
12. Asia Pacific Servo Drivers 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 Drivers 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 Drivers Market Size and Volume Forecast by Application
12.4.1. CNC Machining
12.4.2. Factory Automation
12.4.3. Robotics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Servo Drivers Market Size and Volume Forecast by Type
12.7.1. Pulse
12.7.2. Analog
12.7.3. Network
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 Drivers Demand Share, 2019-2026
13. Middle East & Africa Servo Drivers 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 Drivers 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 Drivers Market Size and Volume Forecast by Application
13.4.1. CNC Machining
13.4.2. Factory Automation
13.4.3. Robotics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Servo Drivers Market Size and Volume Forecast by Type
13.7.1. Pulse
13.7.2. Analog
13.7.3. Network
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 Drivers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Servo Drivers Market: Market Share Analysis
14.2. Servo Drivers Distributors and Customers
14.3. Servo Drivers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Omron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schneider Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rockwell Automation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Control Techniques
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Servotronix Motion Control
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kollmorgen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Delta
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ABB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lafert Servo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Teknic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bosch
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Parker Hannifin
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tolomatic
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ANCA Motion
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. YASKAWA
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mitsubishi
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TE Connectivity
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. HIWIN
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Applied Motion Products
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
