Servo Motors and Drives Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the servo motors and drives market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

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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FAQs

Global Servo Motors and Drives Market size was valued at USD 13.19 Billion in 2023 and is poised to grow from USD 13.91 Billion in 2024 to USD 21.35 Billion by 2032, at a CAGR of 5.5% during the forecast period (2025-2032).

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. 'ABB Ltd.', 'Siemens AG', 'Schneider Electric SE', 'Yaskawa Electric Corporation', 'Rockwell Automation, Inc.', 'Mitsubishi Electric Corporation', 'Delta Electronics, Inc.', 'Emerson Electric Co.', 'Parker Hannifin Corporation', 'Kollmorgen Corporation', 'Oriental Motor Co. Ltd.', 'Moog Inc.', 'Fuji Electric Co. Ltd.', 'Lenze SE', 'BonfiglioliRiduttori S.p.A.'

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.

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.

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.

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Global Servo Motors and Drives Market
Servo Motors and Drives Market

Report ID: SQMIG25C2171

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