About Servo Motor
A servo motor is a rotary motor or actuator, which allows for precise control in terms of angular position, acceleration, and velocity. A servo motor makes use of a regular motor and pairs it with a sensor for position feedback. The controller is the most advanced part of the servo motor, as it is specifically designed for the purpose. Servo motors are employed in industrial machine tools, CNC manufacturing machines & processes, and packaging applications. Robots utilize servo motors owing to their accurate positioning and smooth commutation. The aerospace industry also uses servo motors in their hydraulic systems to contain system hydraulic fluid.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States, Japanese Manufacturers will contribute the maximum growth to Global Servo Motor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Fanuc (Japan), Siemens (Germany), YASKAWA Electric Corporation (Japan), Mitsubshi (Japan), Panasonic (Japan), Rockwell (United States), Emerson (United States), Teco (United States) and Hitachi (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Moog, Inc. (United States), Rexroth (Bosch) (Germany), Delta (United States), Tamagawa Seiki Co., Ltd. (Japan), Schneider Electric SE (France), Sanyo Denki Co., Ltd. (Japan), Lenze AC Tech Corporation (United States), Oriental Motor Co., Ltd. (Japan), Toshiba (Japan), Parker-Hannifin Corporation (United States), Kollmorgen Corporation (United States), GSK CNC Equipment Co Ltd (China), Beckhoff Automation GmbH & Co. KG (Germany), HNC (China) and LS Mecapion Co., Ltd. (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Servo Motor market by Type (DC Servo Motors and AC Servo Motors), Application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances and Others) and Region.
On the basis of geography, the market of Servo Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increased Adoption of IoT in Motors and Drives, Growing Need for Adjustable Intelligent Speed Drives and Miniaturized and Customized Motors for Industrial Automation
Market Growth Drivers:
Advancement and Rapid Growth in Automation, Ease of Use and Integration of Motion Control Components in Motors and Drives, Adoption of Energy-Efficient International Standards, Regulations on Energy Efficiency, Growing Demand for High-Performance Motors, Increasing Vehicle Production Worldwide and Positive Outlook of Manufacturing Industries
Challenges:
High Pricing Compared to Stepper Motors, Continuous Depreciation in Oil Prices and Increasing Adoption of Wireless Communication Technology for Motors and Drives
Restraints:
Risk and Uncertainty in the Market and Lack of Skilled Workforce and Trained Workers
Opportunities:
Industrial Revolution 4.0, Improved Encoders, Potential for Adjustable Speed Drives and The Rising Demand from Developing Regions
Market Leaders and their expansionary development strategies
In September 2023, Iron Path Capital announced a new strategic partnership with TruTech Servo Motors & Systems (TruTech), a technology leader in the design, engineering, and manufacturing of custom electric motors for use in high-performance applications. TruTech will serve as the first investment in Iron Path’s broader build-up strategy in industrial automation and motion control.
In October 2023, Applied Motion Product is pleased to announce the launch of the SM Series Servo Motors, our high speed brushless DC Servo Motors with 16-bit incremental magnetic encoders. With a built-in magnetic encoder, these new DC servo motors have an advantage in the AGV industry
Key Target Audience
Raw Material Suppliers, Semiconductor Component and Device Manufacturers, Original Equipment Manufacturers (OEMs), Component and Device Suppliers and Distributors, Automotive Control System Integrators, Automobile Manufacturers, Software, Services, and Technology Providers, Standardization and Testing Firms and Government Bodies Such As Regulating Authorities and Policy Makers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.