PUBLISHER: The Business Research Company | PRODUCT CODE: 1653365
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653365
The production of servo motors and drives involves the manufacturing of these components. Servo motors, whether linear or rotary actuators, play a crucial role in controlling linear and angular acceleration, velocity, and positioning. They come in both brush and brushless types. Simultaneously, servo drives, also known as servo amplifiers, possess the capability to convert a low-power command signal from a motion controller into high-power current or voltage. These servo motors and drives find widespread application in the manufacturing industry, particularly in the production of line robots utilized in creating cars and airplanes. These robots are essential for carrying out high-repetition yet precise tasks such as welding, drilling, fastening, sealing, dispensing, and rigid manufacturing.
The primary categories of servo motors and drives are motors and drives. Motors, serving as rotary or linear actuators, facilitate control over both linear and angular acceleration, velocity, and positioning. They are available in both brush and brushless variants, with the latter being the preferred choice in today's context. Servo motors exhibit different voltage ranges, including low-voltage and medium-voltage. Various end-users, spanning industries like automotive, oil and gas, healthcare, packaging, semiconductor and electronics, as well as chemicals and petrochemicals, rely on these components. The market offers two main types of offerings: hardware and software.
The servo motors and drives market research report is one of a series of new reports from The Business Research Company that provides servo motors and drives market statistics, including servo motors and drives industry global market size, regional shares, competitors with a servo motors and drives market share, detailed servo motors and drives market segments, market trends and opportunities, and any further data you may need to thrive in the servo motors and drives industry. This servo motors and drives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The servo motors and drives market size has grown strongly in recent years. It will grow from $16.26 billion in 2024 to $17.42 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to automation and robotics adoption, demand for high-precision control, rise in factory automation, demand for iot and connectivity, growing emphasis on energy efficiency.
The servo motors and drives market size is expected to see strong growth in the next few years. It will grow to $22.53 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to green and sustainable manufacturing, rising popularity of electric vehicles, growth of e-commerce and logistics industries, integration of servo systems. Major trends in the forecast period include industry 4.0 integration, renewable energy, edge computing integration, advanced motion control algorithms, development of advanced motion.
The growth of the servo motors and drives market is anticipated to be fueled by the increasing automation. Servo motors and drives are essential components of automation systems, including robots, conveyor systems, and other machinery used in factories. For example, in April 2024, the International Federation of Robotics, a Germany-based organization specializing in automation machinery, reported that sales in the automotive segment rose by 1% in 2023, achieving a record with 14,678 robots installed. This follows a remarkable 47% increase in 2022, which brought the total installations to 14,472 units. As a result, the rise in automation is driving the growth of the servo motors and drives market.
The growth of the servo motors and drives market is expected to be driven by the expansion of the manufacturing sector. This industry involves the production of physical goods through various processes, from raw materials to finished products. Servo motors and drives are crucial in the manufacturing sector as they provide precise and efficient control of machinery, leading to enhanced automation, productivity, and improved production quality. For instance, in September 2023, the International Federation of Robotics (IFR), a Germany-based organization focused on advancing robotics technologies, reported in its latest world robotics report that factories worldwide experienced 553,052 new industrial robot installations in 2022, reflecting a 5% increase compared to the previous year. The regional distribution indicated that Asia received 73% of these installations, while Europe and the Americas accounted for 15% and 10%, respectively. Therefore, the expansion of the manufacturing sector is fueling the growth of the servo motors and drives market.
Technological advancement is a significant trend in the servo motors and drives market. These advancements facilitate product design development and simplify motion control. For example, in February 2022, Trio Motion Technology, an India-based company specializing in high-performance motion control technology, launched its DX4 servo drive and MX servo motor series to enhance high-performance motion control. The DX4 servo drive provides plug-and-play compatibility with controllers and I/O systems, all programmed within a single software, Motion Perfect, to accelerate application development and commissioning for OEMs in sectors such as packaging, medical, and robotics. Furthermore, the DX4 servo drive operates at 200V AC, with power ranging from 50W to 3kW using EtherCAT communications. The Motion Coordinator range can manage up to 128 axes with precise accuracy.
Major companies in the servo motors and drives market are increasingly focusing on introducing high-performance drive systems, such as the Sinamics S200, to gain a competitive advantage. The Sinamics S200 servo drive system is a flexible and scalable solution offering advanced motion control capabilities, precise positioning, and high-speed operation. Siemens AG, a Germany-based automation company, launched the Sinamics S200 in May 2023, catering to standard applications in the battery and electronics sectors. With a power range from 0.1 to 1 kW, the Sinamics S200 provides flexibility and scalability to meet diverse application requirements.
In January 2024, Indutrade, a Sweden-based engineering services company, acquired SDT Scandinavian Drive Technologies AB for an undisclosed amount. This acquisition aims to enhance Indutrade's portfolio of customized motion control products and automation control software. As Indutrade's second acquisition, this move is expected to have a marginally positive effect on its earnings per share, targeting machine builders and end users across various industries. SDT Scandinavian Drive Technologies AB is a Sweden-based company dedicated to providing innovative solutions in servo motors and drives for a range of automation and control systems.
Major companies operating in the servo motors and drives market include Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Fuji Electric Co. Ltd., Yaskawa Electric Corporation, Emerson Electric Co., Rockwell Automation Inc., Estun Automation Co. Ltd., Kinco Automation (Shanghai) Ltd., Danfoss A/S, ESR Pollmeier GmbH, Heason Technology Ltd., Elmo Motion Control Ltd., KEB Automation KG, Omron Corporation, FANUC Corporation, Hitachi Ltd., Oriental Motor USA Corp., Delta Electronics Inc., Panasonic Corporation, Kollmorgen Corporation, Parker Hannifin Corporation, Moog Inc., Nidec Motors & Actuators, Wittenstein Inc., Celera Motion, Harmonic Drive LLC, LinMot USA Inc., Drive System Design Inc., AutomationDirect, Bearing Distributors Inc., Sinotech, Teknic Inc., Applied Motion Products Inc., Anaheim Automation Inc., Advanced Motion Controls
Asia-Pacific was the largest region in the servo motors and drivers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the servo motors and drives market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the servo motors and drives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The servo motors and drivers market consists of sales of collaborative robotics, conveyor belts, automatic door openers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Servo Motors and Drives Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on servo motors and drives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for servo motors and drives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The servo motors and drives market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.