The global Integrated Servo Motor
Market is estimated to surpass $4.1 billion mark by 2026 growing at an
estimated CAGR of more than 9.2% during the forecast period 2021 to 2026. Integrated
Servo Motor is a flexible solution ideal for large machines or for machines
with limited space for the cabinet. Integrated servo motors are constructed to
include a motor, driver, rotary actuator, encoder and associated electronics
into a single compact package. The major
driving factor for global integrated servo motor market is the rapid
advancement and adaption of the automated manufacturing. Key factors fueling the growth of this market
include the growing automation in factories, rising adoption of international
standards for motor efficiency, development of user-friendly motion control
libraries and packages for motors and drives, and increasing production of
report: “Integrated Servo Motor Market–
Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the
following segments of the Integrated Servo Motor Market.
By Motor Type: AC, DC Brushed, DC Brushless.
By Components: Sensors, Controller Modules, Encoders, Electronic Amplifiers, Control System and Others.
By Voltage: Low, Medium, High.
By End Use Industry: Automotive, Semiconductor, Food Processing, Textile, Petrochemicals, Pharma and Healthcare, Packaging, Printing and Paper and Others.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others), and RoW (Middle East and Africa).
- The automotive sector holds the major market share in
the integrated servo motor market. Major factor contributing to the automotive
sector is the shift towards the electric vehicles.
- The increased investments for the production of the
electric vehicles is further impacting on production plants which require servo
motors for the automation in the plants thereby boosting the market growth.
- Robotics sector is witnessing the fastest growth
rate owing to increasing investments in adoption of automation technology with
the advent of industry 4.0 in industrial sector is poised to provide
Integrated Servo Motor Market, By Region, 2020
Motor Market Segment Analysis - By Motor Type
In integrated servo motor market, brushless DC Servo motors held the
largest share and is growing at 11.3% through the forecast period. Owing to
their high efficiency, reliability, and other features the DC brushless servo
motors have a greater demand over other types of servo motors. A servomotor is
a rotary actuator or linear actuator that allows for precise control of angular
or linear position, velocity and acceleration. The need for precise control of
speed and position in robots and automated manufacturing is anticipated to fuel
the demand for servomotor, thereby significantly impacting the servomotor
market growth in robotics industry. In addition the disadvantage of providing
position information by stepper motors is further increasing the adoption of
servomotor in robots, thereby escalating the robotics servomotor market growth.
Moreover with an increasing number of industries shifting their focus towards
maintaining a high level of precision, reduced labour costs and production
wastages, and improved production output, the deployment of servo motors &
drives continue to pick pace in APAC region. Similarly, industry 4.0 trend
creates significant opportunities for servo motors in the forecast period.
Further growing number of product launches in this country and advancements
related to servo motors will drive the market growth. In April 2019,
Siemens AG launched an enclosed servo motor for industrial and construction
application, which highlighted the product innovation performance of the
Integrated Servo Motor Market
Segment Analysis - By End Use Industry
Automotive sector is major segment that uses integrated servo motors and
is estimated to grow at a CAGR of 6.9% during the forecast period 2021-2026
owing to it’s wide range of applications during manufacturing and also the
employment of servo motors in the automotive. Moreover the increasing demand
and the pouring investments in the development of self-driving cars is further
boosting the Integrated servo motors market as they are highly employed in the
autonomous vehicles. In July, 2019, Volkswagen AG has invested a whooping
amount of $2.6bn for the development of self-driving cars thereby impacting the
growth of integrated servo motors market. In July, 2019, GreatPoint Ventures
has also invested $25M for the development of self-driving cars thereby
boosting up the autonomous vehicle market and also elevating the integrated
servo motors market. Therefore the increased investments in the automotive
sector and the developments involved in the implementation of self-driving cars
is further boosting up the integrated servo motors market.
Integrated Servo Motor Market
Segment Analysis - By Geography
APAC holds the major market share of 35.5% for the
global integrated servo motors market. Owing to the increased developments in
various sectors such as automotive, industrial and many other industries in the
countries such as China, India and so on is further boosting the global
integrated servo motor market. Moreover the rising demand for medium voltage
servo motors from the mining, power generation, metal, and so on is elevating
the global integrated servo motor market during the forecast period 2021-2026.
Moreover the higher penetration of robotics in the automated manufacturing
sector and the high usage of servo motors and rotary actuators in the robotic
technology owing to their stability and efficiency is further boosting the
global integrated servo motors market.
Motor Market Drivers
Many manufacturing industries have been opting for Industrial automation
as it leads to higher productivity, ensures high quality, flexibility and so
on. The impact of Covid on growing adoption of robotics and automation
solutions will continue through the forecast period. This is especially
prevalent in the APAC market. Manufacturing industries such as Hyundai Mobis,
Mahindra, and so on have also shifted towards the automation in their
manufacturing plants. In Aug, 2019, Cloudleaf Inc., a solution provider for
automation has received an investment of $26M. Therefore the significant rise
in the investments towards the automation solution providers is further driving
the Integrated servo motors market.
Integrated servo motors are widely employed in
the robotics as they are available in small in size and also provide stability.
Robotic technology has been widely penetrating into almost every industry such
as medical, automotive, manufacturing and so on. In July, 2019, Activ Surgical
has received an investment of $13M for the development of surgical robots and
Attabotics has received an investment of $25M for the automated
storage/retrieval systems. Therefore the increased investments and developments
is increasing the penetration rate of robotic technology into the industries. Owing
to their wide range of applications of servo motors and rotary actuators in
robotic technology, the increased investments towards the robotic technology is
elevating the Integrated servo motors market.
Integrated Servo Motor Market Challenges
Initial Investment and Lack of Skilled Workforce
The high cost and initial investment for the
servo motors and drives is a major problem that hinders the market growth.
Furthermore, it requires skilled workforce to operate the automated parts of
machines and regular maintenance of the technical equipment and results in
increased cost of servo motors and drives. Training the workforce with the
skills required for the factory automation is a strategic concern in the growth
and development outlooks of this sector. Industry goliaths have acknowledged
the need of employee training to meet the challenges of sustainable and
balanced growth in all the automation driven sectors. The automation wave is
accelerating the miniaturization of technology and pace of integrating
industrial applications with electronics. With the continual introduction of
new techniques and industrial technology required expertise and competencies
are evolving, as the percentage of knowledge content in production processes
and operations is rising. A major challenge to the automated manufacturing is
to enhance the receptiveness of education and training systems to these
fluctuations in skill requirements and to enhance the access to training and
skills development. Ultimately, the growth of servo motors, drives, inverters
and controllers market depend on the deployment rate of robots, conveyors and
others across various end user industries that enable automation. However, with
the increase in initial costs of parts, servo motors and drives manufacturing
companies are taking appropriate steps in order to minimize the initial
investment. This may provide opportunities for the servo motors and drives
Product launches, acquisitions, and R&D activities are
key strategies adopted by players in the Integrated Servo Motor Market. Yaskawa, Schneider, Rockwell, Siemens, Omron,
Panasonic, Delta, ABB, Fuji, B&R and others are considered to be the key
players of the Integrated Servo Motor Market
- In December, 2020 Omron has launched new 1S series AC servo motors which
is motion safety. This ensures machine operator safety, shortens commissioning
time and minimizes machine downtime and production losses.
- In April 2020 Bartell Machinery Systems joins Rockwell Automation OEM
program. The collaboration may help among members helps to streamline
customer's supply chain, simplify project implementation and provide the better
value for automation investments.
Report Code: ESR 0335
Report Code: AIR 0159