USD 13.2 billion
Servo Motors and Drives Market Size, Share, and Growth Analysis
Servo Motors and Drives Market By Offering (Hardware, Software And Services), By Product Type (Servo Motors, Servo Drives), By Voltage, By System Type, By Brake Technology, By Material Of Construction, By Communication Type, By End-User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25C2171 |
Region:
Global |
Published Date: January, 2025
Pages:
163
|Tables:
90
|Figures:
71
Format -
Servo Motors and Drives Market Insights
Global Servo Motors and Drives Market size was valued at USD 13.2 billion in 2023 and is poised to grow from USD 13.94 billion in 2024 to USD 21.56 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
Rapidly surging demand for automation across multiple industry verticals is forecasted to drive up the sales of servo motors and drives over the coming years. High emphasis on adoption of the Industry 4.0 trend to develop smart factories and promote the use of advanced technologies are slated to help bolster the global servo motors and drives market growth in the future. Expansion of the robotics industry owing to high investments in the research and development of advanced robotic technologies are also estimated to boost the sales of servo motors and drives going forward. Moreover, advancements in servo motor technologies are also estimated to play a vital role in governing the global servo motors and drive demand outlook through 2032. Rising use of miniaturized and motorized devices and systems is also predicted to create an opportune setting for servo motors and drives providers in the long run. On the contrary, complexity in integration and maintenance, dependence on semiconductor systems, and high availability of low-cost alternatives are major constraints for companies involved in the global servo motors and drives industry across the study period and beyond.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Rotary
Fastest Growth
Linear
Growth Rate
5.6% CAGR
Global Servo Motors and Drives Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Servo Motors and Drives Market Segments Analysis
Global Servo Motors and Drives Market is segmented by Offering, Product Type, Voltage, System Type, Brake Technology, Material Of Construction, Communication Type, End-User and region. Based on Offering, the market is segmented into Hardware and Software And Services. Based on Product Type, the market is segmented into Servo Motors and Servo Drives. Based on Voltage, the market is segmented into Low Voltage (Below 400 V), Medium Voltage (Between 400 V AND 690 V) and High Voltage (Above 690 V). Based on System Type, the market is segmented into Linear Systems and Rotary Systems. Based on Brake Technology, the market is segmented into Spring, Permanent Magnet and Others. Based on Material Of Construction, the market is segmented into Stainless Steel and Others. Based on Communication Type, the market is segmented into Fieldbus, Industrial Ethernet and Wireless. Based on End-User, the market is segmented into Automotive & Transportation, Semiconductor & Electronics, Food Processing, Textile, Petrochemical, Pharmaceutical & Healthcare, Packaging, Printing & Paper and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
AC servo motors are forecasted to account for a dominant chunk of the global servo motors and drives market share going forward. High efficiency of AC servo motors in converting electrical energy to mechanical power is forecasted to bolster this segment's dominance in the future. High reliability and versatility of AC servo motors and drives is also expected to help create new opportunities for servo motors and drives companies in the long run. Moreover, the ability to deliver high precision and continuous power with better torque output also bolsters the demand for AC servo motors in multiple applications across different industry verticals.
On the other hand, the demand for DC servo motors is forecasted to rise at a notable pace over the coming years. Easy control and high torque at low speeds are some key benefits that are expected to help DC servo motors bring in more revenue for servo motors and drives companies going forward. Fast response times and compact size are also expected to bolster the sales of DC servo motors in the long run. High precision control using simple electronic circuits offered by DC servo motors is also slated to generate new opportunities for companies involved in the global servo motors and drives industry through 2032 and beyond.
Analysis by System
Rotary segment is projected to hold the largest servo motors and drives market share in the future. Rotary servo motors are bringing more revenue owing to their ability to provide better control and precision over aspects such as position, velocity, and torque. Quiet, smooth, and reliable operations of rotary servo motors and drives are also expected to bolster their demand in multiple industry verticals. High performance and rapid response times offered by rotary servo motors and drives also make them preferable for multiple high-performance applications. Robotics and manufacturing are slated to emerge as key applications for rotary servo motors in the long run.
Meanwhile, the demand for linear servo motors and drives is slated to rise at a notable pace in the future. The simplicity of linear servo motors is a key factor that is promoting their adoption across the world. Low noise during operation and quick acceleration times are also estimated to favor the sales of linear servo motors and drives across the study period and beyond. Industrial automation and Industry 4.0 are expected to be major trends propelling the demand for linear servo motors over the coming years. Moreover, the high scope of extension offered by linear motors is also creating new business scope for companies involved in this segment.
Global Servo Motors and Drives Market By System
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Servo Motors and Drives Market Regional Insights
Asia-Pacific is slated to emerge as the largest servo motors and drives industry in the world. Rapid industrialization and the growing adoption of automation in industries are slated to be key factors promoting the sales of servo motors and drives in this region. The presence of leading motor manufacturers, high robotic component manufacturing activity, and surging adoption of robots in different industry verticals also cements the dominance of this region going forward. Japan, China, India, and South Korea are estimated to emerge as the most opportune markets for servo motors and drives suppliers operating in the Asia Pacific.
Meanwhile, Europe is slated to emerge as the second-largest market for servo motors and drives vendors in the long run. Quick increase in adoption of automation across multiple industry verticals is a key factor boosting sales of servo motors and drives in the European region going forward. Rapidly increasing use of robots and high emphasis on enhancing production efficiency are also slated to boost the sales of servo motors and drives in the future. As per this global servo motors and drives market analysis, Germany and the United Kingdom are estimated to emerge as the leading revenue generators for servo motors and drives companies through 2031.
Global Servo Motors and Drives Market By Region
- Largest
- Fastest
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Servo Motors and Drives Market Dynamics
Drivers
High Demand for Automation in Manufacturing
- Rapidly increasing use of automation in multiple manufacturing industries is projected to bolster the demand for servo motors and drives over the coming years. Servo motors and drives, known for their precision and control, are pivotal in robotic arms, CNC machines, and assembly lines thereby supporting the global servo motors and drives market outlook as well.
Expansion of Robotics Industry
- Servo motors and drives are essential components in robotics for achieving precise movements and repeatability in almost all kinds of robots. Rapidly increasing adoption of robotics across multiple industry verticals and advancements in robotics technology are expected to boost the adoption of servo motors and drives in the long run.
Restraints
Dependency on Semiconductor Systems
- Servo systems are highly dependent and reliant on semiconductor components, which is why any disruptions to the semiconductor industry could hurt the demand for servo motors and drives in the future. Supply chain disruptions or shortages in semiconductor production are prime factors that make dependency on semiconductor systems a real threat for servo motors and drives vendors.
Availability of Low-cost Alternatives
- The high availability of low-cost alternatives such as stepper motors and conventional drives is projected to impede the global servo motors and drives market forecast going forward. High preference for affordability in multiple organizations across different industries is expected to boost the adoption of stepper motors and hurt the sales of servo motors and drives in the long run.
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Servo Motors and Drives Market Competitive Landscape
Servo motors and drive manufacturers should focus on launching new products to expand their product portfolio and application scope. Launching new motors with advanced features and better efficiency can help servo motors and drives companies stand out across the global servo motors and drives market forecast. Targeting countries with high demand for automation is slated to boost revenue generation for servo motors and drives providers in the long run.
Top Players in Servo Motors and Drives Market
- ABB Ltd. (Switzerland)
- Siemens AG (Germany)
- Schneider Electric SE (France)
- Yaskawa Electric Corporation (Japan)
- Rockwell Automation, Inc. (United States)
- Delta Electronics, Inc. (Taiwan)
- Emerson Electric Co. (United States)
- Parker Hannifin Corporation (United States)
- Oriental Motor Co. Ltd. (Japan)
- Moog Inc. (United States)
- Fuji Electric Co. Ltd. (Japan)
- Lenze SE (Germany)
- Bonfiglioli Riduttori S.p.A. (Italy)
Recent Developments
- In October 2024, Moticont, a leading AI motion control organization announced the launch of new linear voice coil servo motors. the LVCM-013-019-02 (Imperial version) Linear Voice Coil Motors are capable of delivering 0.81N of continuous force and 2.55 N of peak force.
- In August 2024, Teknic, a leading provider of switchgear and controlgear components launched new brushless servo motors. ClearPath-EC™ brushless servo motor models are compact and expandable making them a highly attractive proposition for high-volume OEMs focusing on opting for advanced automation equipment.
- In May 2023, Siemens, a leading German technology company announced the launch of its new servo drive system. The Sinamics S200 was specifically designed and launched for use in batteries, electronics, and other industry verticals as well. The new system also features optimized speed ripple and cogging torque compensation.
Servo Motors and Drives Key Market Trends
- Rise of Industry 4.0: The world is witnessing a robust increase in the adoption of the Industry 4.0 trend. Surging demand for advanced communication protocols, IoT capabilities, and real-time data analytics in factories operating on Industry 4.0 standards are expected to boost the sales of servo motors and drives in the long run.
- Use of AI and Digital Twins: Servo motors and drive manufacturers should focus on the integration of artificial intelligence and digital twin technologies Predictive maintenance, reduced downtime, and improved system performance are some of the key benefits associated with the use of AI and digital twins, making it an indispensable servo motors and drives market trend for the future.
Servo Motors and Drives Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing demand for industrial automation and the rapid expansion of the robotics industry around the world are forecasted to drive the demand for servo motors and drives going forward. However, availability of low-cost alternatives and dependency on semiconductor systems are forecasted to be key restraints that impede sales of servo motors and drives. Asia Pacific is expected to emerge as the most opportune market for servo motors and drive companies in the world owing to robust industrialization and rising demand for industrial automation in this region. Servo motors and drive companies can explore the use of artificial intelligence and digital twin technologies to maximize their revenue generation potential in accordance with the industry 4.0 trend.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.2 billion |
| Market size value in 2032 | USD 21.56 billion |
| Growth Rate | 5.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Servo Motors and Drives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Servo Motors and Drives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Servo Motors and Drives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Servo Motors and Drives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Servo Motors and Drives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Servo Motors and Drives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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