Servo Motor and Drive Market Recent Developments, Research Analysis Forecast 2034

 The worldwide servo motor and drive market is anticipated to be valued at US$ 18.62 billion in 2024 and grow further at 8.2% CAGR during the period from 2024 to 2034.

The United States market has a competitive advantage in this market because of its sophisticated technological infrastructure, particularly in industrial automation and robotics. The military in the country makes extensive use of robots, including surveillance drones and tactical combat robots like DOGO, to bolster security with systems like MAARS, allowing soldiers to conduct remote security operations.

Development of China's manufacturing industry is predominantly due to the government policy efforts to drive the modernization of the sector. Policies such as the National High-Tech R&D program, the Robotic Industry Development program, and Made in China 2025 are some of the policies that have driven the demand for industrial robots in China. China has thus emerged as a profitable market for industrial robot vendors.

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Key Findings from Market Analysis

Market for servo motors and drives globally is expected to grow from US$ 18.62 billion in 2024 to US$ 40.94 billion by the end of 2034, representing a CAGR of 8.2%. Rotary and linear servo motors are expected to capture 50% market share in 2024. The robotics industry is expected to capture 24.6% market share in 2024.

China's market is projected to grow at a CAGR of 8.9% and touch a value of US$ 9.95 billion by the end of 2034. The United States market is projected to grow at a CAGR of 8.8% and touch a value of US$ 5.53 billion by the end of 2034 from US$ 2.38 billion in 2024.

"Servo motors, whose rotation is renowned for precision, are central to the robotics, automotive, and medical equipment sectors. Energy efficiency regulations are compelling the move to energy-saving servo motors, and efficiency in use while being compatible with environmental laws. Such factors are driving the market forward," states a Fact.MR analyst.

Read More: https://www.factmr.com/report/servo-motor-and-drive-market

Market Growth Strategies

Major servo motor and drive companies like Siemens AG, Altra Industrial Motion Corp, Panasonic Corporation, Nidec Motor Corporation, Parker Hannifin Corporation, Delta Electronics Inc, Fuji Electric Co, Hitachi Ltd, Rozum Robotics Inc, Mitsubishi Electric Corporation, Schneider Electric, FANUC CORPORATION, Rockwell Automation, Inc, ABB, and Applied Motion Products have a combined strong market influence.
Industry players are investing in research and development to propel technological innovation in the servo motor and drive industry. Their focus on innovation and quality places them at the top of the industry. With strong networks and strategic alliances, they are able to serve various markets effectively and establish themselves as major players in the industry.

  • To address the needs of the increasing advanced air mobility (AAM) market, AIR partnered with Nidec Motor Corporation to create a motor for its two-seat eVTOL plane, AIR ONE, in February of 2024. The firms are also set to work jointly to design motors specifically for mid-sized eVTOL aircraft as well.

Segmentation of Servo Motor and Drive Market Research

  • By Product Type :
    • Linear Servo Motors
    • Rotary Servo Motors
      • Positional Rotation Type
      • Continuous Rotation Type
  • By Technology :
    • Single-Axis Servo Systems
      • Pulse Duty Servo Drives
      • Continuous Duty Servo Drives
    • Multi-Axis Servo Systems
  • By Application :
    • Remote Controlled Toys
    • Robotics
    • Electronic Devices
    • Medical Devices
    • Printing & Packaging Equipment
    • CNC Machines
    • Other Industrial Machinery & Equipment
  • By Motor Configuration :
    • AC Servo Motors
      • Induction Type
      • Synchronous Type
    • DC Servo Motors
      • Brushless DC Motors
      • Separated Excited DC Motors
      • Permanent Magnet DC Motors
  • By Rated Power Capacity :
    • 400 to 750 kW
    • 750 to 1 kW
    • 1 to 5 kW
    • 5 to 15 kW
    • 15 to 50 kW
    • 50 to 100 kW
  • By Region :
    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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