Servo Motor Market Forecasts to 2030 - Global Analysis by Type (AC Servo Motors, DC Servo Motors and Brushless DC (BLDC) Servo Motors), Motor Power, Voltage Type, Application, End User and By Geography

According to Stratistics MRC, the Global Servo Motor Market is accounted for $14.4 billion in 2024 and is expected to reach $22.2 billion by 2030 growing at a CAGR of 7.5% during the forecast period. A servo motor is a type of electric motor that is specifically designed to control acceleration, velocity, and angular position in a closed-loop system. In order to give the controller feedback, it comprises of a motor connected to a sensor, usually an encoder or resolver. The motor is able to precisely regulate its location or speed thanks to this feedback. Applications needing great precision, such robotics, CNC machines, conveyor systems, and aerospace, frequently use servo motors. They are perfect for systems where precise movement control is essential because of their great efficiency, dependability, and response time.

According to the Semiconductor Industry Association, in FY 2022, global semiconductor sales reached USD 574 billion, with total sales of US semiconductor companies at USD 275 billion, accounting for 48% of the global market.

Market Dynamics:

Driver:

Growing Automation in Industries

The increased automation in industries is a significant driver of the servo motor market, as these motors are required for precise control in automated processes. For jobs like positioning, assembly, and material handling, servo motors are becoming more and more important in sectors like manufacturing, automotive, and aerospace. Servo motors are essential for the broad implementation of automation across sectors because of their capacity to deliver precise, high-torque performance at variable speeds, which increases productivity, decreases downtime, and improves efficiency, thus it fuels the market expansion.

Restraint:

High Initial Cost

The adoption of servo motors is restricted by their high initial cost, especially in small-to-medium businesses (SMEs) and cost-sensitive industries. Servo motors demand a larger initial investment, which includes the cost of the motor, controller, and installation, than other motor types like stepper or induction motors. This may discourage companies from incorporating servo systems, particularly in non-essential applications where less expensive substitutes might be enough. Therefore, in several industries, the high initial cost still prevents widespread deployment.

Opportunity:

Rise of Robotics and AI Applications

The rise of robotics and AI applications is significantly driving the servo motor market, as these technologies require highly precise, responsive, and reliable motion control. Servo motors are critical for robotic arms, autonomous systems, and AI-driven machines that perform complex tasks such as assembly, material handling, and precision surgery. Their ability to provide accurate positioning and high-speed performance makes them ideal for robotics and AI applications, fueling demand across industries like manufacturing, healthcare, logistics, and consumer electronics.

Threat:

Complexity in Maintenance and Installation

The complexity in maintenance and installation of servo motors limits their widespread adoption, particularly in industries with limited technical expertise. Installing and configuring servo systems require specialized knowledge, including precise tuning of controllers and feedback systems. Additionally, ongoing maintenance, such as recalibration and troubleshooting, can be time-consuming and costly. These complexities can lead to higher operational costs and downtime, discouraging businesses, especially in smaller operations, thus it hinders the growth of the market.

Covid-19 Impact:

The COVID-19 pandemic negatively impacted the servo motor market by disrupting manufacturing, supply chains, and global logistics. Factory shutdowns and reduced industrial activities led to delays in production and project timelines. Furthermore, economic uncertainty caused many businesses to delay investments in automation and robotics. However, as industries recover and demand for automation and robotics grows, the market is expected to rebound.

The robotics segment is expected to be the largest during the forecast period

The robotics segment is expected to be the largest during the forecast period as servo motors are essential for precise motion control in robotic applications. Robotics requires high-accuracy, high-torque motors for tasks such as assembly, material handling, and inspection. Servo motors provide the speed, precision, and reliability needed in industrial robots, autonomous vehicles, and service robots. As robotics continues to expand across industries like manufacturing, healthcare, and logistics, the demand for advanced servo motors is expected to rise significantly.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period due to the growing need for precision in manufacturing processes such as drug packaging, assembly, and inspection. Servo motors provide accurate motion control for automated machinery, ensuring consistent and reliable production in pharmaceutical plants. Their ability to handle high-speed, repetitive tasks with precision is crucial for maintaining product quality and meeting regulatory standards. As automation increases in pharmaceutical production, demand for servo motors is expected to rise.

Region with largest share:

North America is projected to hold the largest market share during the forecast period because industries like automotive, aerospace, robotics, and consumer electronics heavily rely on servo motors for precision and efficiency. The rise of smart factories and Industry 4.0 initiatives in the U.S. and Canada further boosts demand for servo motors in automation systems. Additionally, North America's leadership in robotics and AI applications contributes significantly to the growing need for high-performance servo motor solutions.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period due to the region's strong manufacturing base and growing adoption of automation technologies. Countries like China, Japan, and South Korea are investing heavily in robotics, automotive production, and electronics manufacturing, all of which require precise motion control. The rise of smart factories, coupled with increasing demand for advanced automation in industries such as electronics and healthcare, is fueling the growth of the servo motor market in this region.

Key players in the market

Some of the key players in Servo Motor Market include Siemens AG, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Fanuc Corporation, Rockwell Automation, ABB Ltd., Nidec Corporation, Schneider Electric, Bosch Rexroth AG, Omron Corporation, SANYO DENKI CO., LTD., Kollmorgen, Delphi Technologies, Parker Hannifin Corporation, Toshiba International Corporation and Applied Motion Products, Inc.

Key Developments:

In May 2024, ABB expanded electrification portfolio with acquisition of Siemens' Wiring Accessories business. The acquisition had broadened ABB's market reach and complements its regional customer offering within smart buildings.

In February 2024, ABB announced an agreement to acquire SEAM Group, a major provider of energized asset management. The acquisition brought significant additional expertise to customers in the areas of predictive, preventive, and corrective maintenance.

In January 2024, ABB announced to acquire Canadian company Real Tech, a leading supplier of innovative optical sensor technology that enables real-time water monitoring. Through the acquisition, ABB expands its strong presence in the water segment and complement its product portfolio with optical technology critical for smart water management.

Types Covered:

• AC Servo Motors
• DC Servo Motors
• Brushless DC (BLDC) Servo Motors

Motor Powers Covered:

• Low Power (< 1kW)
• Medium Power (1kW - 5kW)
• High Power (> 5kW)

Voltage Types Covered:

• Low Voltage (<= 48V)
• High Voltage (> 48V)

Applications Covered:

• Robotics
• CNC Machinery
• Conveyors
• Packaging Machinery
• Automated Guided Vehicles (AGVs)
• Other Applications

End Users Covered:

• Manufacturing
• Automotive
• Electronics & Electrical
• Aerospace & Defense
• Energy & Utilities
• Food & Beverage
• Pharmaceuticals
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances