Servo Motor Market
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Servo Motor Market, By Type
5.1 Introduction
5.2 AC Servo Motors
5.3 DC Servo Motors
5.4 Brushless DC (BLDC) Servo Motors
6 Global Servo Motor Market, By Motor Power
6.1 Introduction
6.2 Low Power (< 1kW)
6.3 Medium Power (1kW - 5kW)
6.4 High Power (> 5kW)
7 Global Servo Motor Market, By Voltage Type
7.1 Introduction
7.2 Low Voltage (≤ 48V)
7.3 High Voltage (> 48V)
8 Global Servo Motor Market, By Application
8.1 Introduction
8.2 Robotics
8.3 CNC Machinery
8.4 Conveyors
8.5 Packaging Machinery
8.6 Automated Guided Vehicles (AGVs)
8.7 Other Applications
9 Global Servo Motor Market, By End User
9.1 Introduction
9.2 Manufacturing
9.3 Automotive
9.4 Electronics & Electrical
9.5 Aerospace & Defense
9.6 Energy & Utilities
9.7 Food & Beverage
9.8 Pharmaceuticals
9.9 Other End Users
10 Global Servo Motor Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Siemens AG
12.2 Mitsubishi Electric Corporation
12.3 Yaskawa Electric Corporation
12.4 Fanuc Corporation
12.5 Rockwell Automation
12.6 ABB Ltd.
12.7 Nidec Corporation
12.8 Schneider Electric
12.9 Bosch Rexroth AG
12.10 Omron Corporation
12.11 SANYO DENKI CO., LTD.
12.12 Kollmorgen
12.13 Delphi Technologies
12.14 Parker Hannifin Corporation
12.15 Toshiba International Corporation
12.16 Applied Motion Products, Inc.
List of Tables
1 Global Servo Motor Market Outlook, By Region (2022-2030) ($MN)
2 Global Servo Motor Market Outlook, By Type (2022-2030) ($MN)
3 Global Servo Motor Market Outlook, By AC Servo Motors (2022-2030) ($MN)
4 Global Servo Motor Market Outlook, By DC Servo Motors (2022-2030) ($MN)
5 Global Servo Motor Market Outlook, By Brushless DC (BLDC) Servo Motors (2022-2030) ($MN)
6 Global Servo Motor Market Outlook, By Motor Power (2022-2030) ($MN)
7 Global Servo Motor Market Outlook, By Low Power (< 1kW) (2022-2030) ($MN)
8 Global Servo Motor Market Outlook, By Medium Power (1kW - 5kW) (2022-2030) ($MN)
9 Global Servo Motor Market Outlook, By High Power (> 5kW) (2022-2030) ($MN)
10 Global Servo Motor Market Outlook, By Voltage Type (2022-2030) ($MN)
11 Global Servo Motor Market Outlook, By Low Voltage (≤ 48V) (2022-2030) ($MN)
12 Global Servo Motor Market Outlook, By High Voltage (> 48V) (2022-2030) ($MN)
13 Global Servo Motor Market Outlook, By Application (2022-2030) ($MN)
14 Global Servo Motor Market Outlook, By Robotics (2022-2030) ($MN)
15 Global Servo Motor Market Outlook, By CNC Machinery (2022-2030) ($MN)
16 Global Servo Motor Market Outlook, By Conveyors (2022-2030) ($MN)
17 Global Servo Motor Market Outlook, By Packaging Machinery (2022-2030) ($MN)
18 Global Servo Motor Market Outlook, By Automated Guided Vehicles (AGVs) (2022-2030) ($MN)
19 Global Servo Motor Market Outlook, By Other Applications (2022-2030) ($MN)
20 Global Servo Motor Market Outlook, By End User (2022-2030) ($MN)
21 Global Servo Motor Market Outlook, By Manufacturing (2022-2030) ($MN)
22 Global Servo Motor Market Outlook, By Automotive (2022-2030) ($MN)
23 Global Servo Motor Market Outlook, By Electronics & Electrical (2022-2030) ($MN)
24 Global Servo Motor Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
25 Global Servo Motor Market Outlook, By Energy & Utilities (2022-2030) ($MN)
26 Global Servo Motor Market Outlook, By Food & Beverage (2022-2030) ($MN)
27 Global Servo Motor Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
28 Global Servo Motor Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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