The servo motors and drives market is expected to grow at a CAGR of 7.45%, reaching a market size of US$25,760.464 million in 2030 from US$17,988.432 million in 2025.
Servo motors and drives are used in every bit of machinery that requires precise position control. One of the main factors propelling the market's expansion over the projected period is anticipated to be the growing adoption of automation across various end-user industries. Automation is made possible by servo motors and drives, and this helps industrial processes become more accurate and efficient while also cutting costs and errors. Growing demand for energy-efficient solutions and technological advancement propel this market's growth.
Market Trends:
- Rising Demand from the Automotive Sector: The automotive industry is poised to capture a substantial market share, driven by its growth and the increasing use of servo motors. Contemporary automakers are focused on enhancing their systems with networking and inspection capabilities to gain a competitive edge. Additionally, the material handling and packaging sectors are expected to see significant expansion due to the growing demand for motion control components in motors and drives. Servo motors and drives minimize downtime, offer advanced diagnostic features, and ensure smooth acceleration and deceleration with rapid movements. These attributes are vital for packaging machinery, boosting overall efficiency, extending equipment lifespan, and reducing repair costs.
- Rapid Growth in the Asia Pacific Region: The Asia-Pacific servo motor and drive market is experiencing remarkable growth throughout the forecast period, fueled by an expanding industrial base and the integration of automation to enhance return on investment. China is expected to lead the Asia-Pacific market, propelled by its rising production, sales, and trade of robotic solutions. Meanwhile, Japan is embracing the "Society 5.0" concept, marking the fifth stage of human development. This vision of an ultra-smart society leverages IoT to connect everything, integrating technologies to improve quality of life seamlessly. The competitive strategies of key market leaders in the servo motor and drive sector are also explored, with company profiles providing insights into their operations, three-year financial performance, and core products and services. Recent developments involving prominent figures in the servo motors and drives industry are highlighted as well.
Some of the major players covered in this report include Mitsubishi Electric Corporation, Danaher Corporation, FANUC (Life Robotics), Siemens AG, Galil Motion Control, Yaskawa Electric Corporation, Bosch Rexroth, ABB, among others.
Key Benefits of this Report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
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Report Coverage:
- Historical data from 2022 to 2024 & forecast data from 2025 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The Servo Motors And Drives Market is analyzed into the following segments:
By Type
- AC Servo Motor/Drive
- DC Servo Motor/Drive
- Brushless DC motor
By Offering
- Motor Components
- Drive Components
- Software
By Technology
- Single-Axis Servo Systems
- Pulse Duty Servo Drives
- Continuous Duty Servo Drives
- Others
By Application
- Automotive
- Semiconductor and Robotics
- Food Processing
- Healthcare
- Packaging
- Material Handling
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- Indonesia
- Taiwan
- Others