Asia Pacific Servo Motors and Drives Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Controller Modules, Electronic Amplifiers, Sensors, Encoders, and Others), Product Type (Ser
Description
The Asia Pacific servo motors and drives market is projected to grow significantly, reaching an estimated US$ 11,637.46 million by 2031, up from US$ 7,221.76 million in 2024. This growth represents a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. The market is primarily driven by the increasing adoption of advanced manufacturing technologies, particularly computerized numerical control (CNC) machines, which are essential for enhancing performance, reliability, and precision in various industrial applications.
Servo motors and drives are integral components in CNC machines, providing enhanced control over motion, which is crucial for precision tasks such as turning, milling, and laser cutting. The demand for CNC machines is rising across multiple sectors in the Asia Pacific region, including automotive, electronics, semiconductors, aerospace, transportation, and medical industries. These machines automate and streamline production processes, necessitating the use of servo motors and drives to ensure accurate movement and positioning, thereby improving operational efficiency and reducing downtime.
According to data from Piran Advanced Composites published in May 2024, the integration of servo motors with encoders or resolvers allows for real-time feedback on the motor's position, direction, and velocity. This feedback loop is vital for CNC machines, enabling them to make precise adjustments and achieve high accuracy in machining operations. As a result, servo motors significantly enhance the overall production efficiency of CNC machines.
Market Segmentation Analysis
The Asia Pacific servo motors and drives market is segmented by component, product type, brake technology, and industry. In terms of components, the market includes controller modules, electronic amplifiers, sensors, encoders, and others. The controller modules segment is expected to hold the largest market share in 2024.
By product type, the market is divided into servo motors and servo drives, with the servo motor segment anticipated to dominate the market share in 2024. Regarding brake technology, the market is categorized into permanent magnet, spring, and other types, with the permanent magnet segment expected to lead in market share.
From an industry perspective, the market is segmented into automotive and transportation, semiconductor and consumer electronics, food processing, textile, and others. The automotive and transportation sector is projected to hold the largest share of the market in 2024, driven by the increasing demand for automation and precision in manufacturing processes.
Market Outlook
The demand for servo motors and drives is on the rise across various industries due to their ability to provide accurate speed, position, and motion control. These components are essential in manufacturing, where precise machine movement is critical for maintaining efficiency in automation systems, including robotic arms, CNC machines, and conveyors. The ability of servo motors and drives to track their location and make necessary adjustments enhances productivity and safety in industrial applications.
Manufacturers are responding to the growing demand by developing technologically advanced products that meet the evolving needs of customers. For instance, in November 2023, ADVANCED Motion Controls launched the FlexPro servo drives, which can output 100 AMP continuously and 200 AMP peak while occupying a footprint smaller than a business card. This innovation addresses the need for high power density in applications without compromising space or weight.
In May 2024, ABB Ltd. introduced a new propulsion package consisting of an AMXE250 motor and HES580 inverter, specifically designed for electric buses. This package aims to provide a more efficient and reliable solution for the transportation industry, contributing to cleaner and more sustainable transportation options.
Additionally, in January 2023, Nidec-Shimpo Corporation unveiled its VR Series reducers for servo motors used in food machinery. These reducers enhance the capabilities of robots and factory automation equipment in various food and medicine manufacturing processes, improving safety and efficiency.
Country Insights
The Asia Pacific servo motors and drives market includes key countries such as China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China is expected to hold the largest market share in 2024, driven by the automotive industry's demand for servo motors and government support for electric vehicle (EV) adoption. The Made in China 2025 strategy has significantly boosted EV production and sales, with government funding reaching approximately US$ 23.62 billion by 2022, accelerating the growth of the new energy vehicles (NEVs) sector.
The increasing production of vehicles, particularly EVs, has led to a higher demand for servo motors and drives, which are essential for ensuring precision and safety in self-driving vehicles. These motors play a critical role in managing steering, braking, and acceleration systems, enabling autonomous navigation.
Company Profiles
Key players in the Asia Pacific servo motors and drives market include ABB Ltd, Delta Electronics Inc, Fanuc Corp, Mitsubishi Electric Corp, Fuji Electric Co Ltd, Nidec Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and offer innovative solutions to their customers.
Servo motors and drives are integral components in CNC machines, providing enhanced control over motion, which is crucial for precision tasks such as turning, milling, and laser cutting. The demand for CNC machines is rising across multiple sectors in the Asia Pacific region, including automotive, electronics, semiconductors, aerospace, transportation, and medical industries. These machines automate and streamline production processes, necessitating the use of servo motors and drives to ensure accurate movement and positioning, thereby improving operational efficiency and reducing downtime.
According to data from Piran Advanced Composites published in May 2024, the integration of servo motors with encoders or resolvers allows for real-time feedback on the motor's position, direction, and velocity. This feedback loop is vital for CNC machines, enabling them to make precise adjustments and achieve high accuracy in machining operations. As a result, servo motors significantly enhance the overall production efficiency of CNC machines.
Market Segmentation Analysis
The Asia Pacific servo motors and drives market is segmented by component, product type, brake technology, and industry. In terms of components, the market includes controller modules, electronic amplifiers, sensors, encoders, and others. The controller modules segment is expected to hold the largest market share in 2024.
By product type, the market is divided into servo motors and servo drives, with the servo motor segment anticipated to dominate the market share in 2024. Regarding brake technology, the market is categorized into permanent magnet, spring, and other types, with the permanent magnet segment expected to lead in market share.
From an industry perspective, the market is segmented into automotive and transportation, semiconductor and consumer electronics, food processing, textile, and others. The automotive and transportation sector is projected to hold the largest share of the market in 2024, driven by the increasing demand for automation and precision in manufacturing processes.
Market Outlook
The demand for servo motors and drives is on the rise across various industries due to their ability to provide accurate speed, position, and motion control. These components are essential in manufacturing, where precise machine movement is critical for maintaining efficiency in automation systems, including robotic arms, CNC machines, and conveyors. The ability of servo motors and drives to track their location and make necessary adjustments enhances productivity and safety in industrial applications.
Manufacturers are responding to the growing demand by developing technologically advanced products that meet the evolving needs of customers. For instance, in November 2023, ADVANCED Motion Controls launched the FlexPro servo drives, which can output 100 AMP continuously and 200 AMP peak while occupying a footprint smaller than a business card. This innovation addresses the need for high power density in applications without compromising space or weight.
In May 2024, ABB Ltd. introduced a new propulsion package consisting of an AMXE250 motor and HES580 inverter, specifically designed for electric buses. This package aims to provide a more efficient and reliable solution for the transportation industry, contributing to cleaner and more sustainable transportation options.
Additionally, in January 2023, Nidec-Shimpo Corporation unveiled its VR Series reducers for servo motors used in food machinery. These reducers enhance the capabilities of robots and factory automation equipment in various food and medicine manufacturing processes, improving safety and efficiency.
Country Insights
The Asia Pacific servo motors and drives market includes key countries such as China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China is expected to hold the largest market share in 2024, driven by the automotive industry's demand for servo motors and government support for electric vehicle (EV) adoption. The Made in China 2025 strategy has significantly boosted EV production and sales, with government funding reaching approximately US$ 23.62 billion by 2022, accelerating the growth of the new energy vehicles (NEVs) sector.
The increasing production of vehicles, particularly EVs, has led to a higher demand for servo motors and drives, which are essential for ensuring precision and safety in self-driving vehicles. These motors play a critical role in managing steering, braking, and acceleration systems, enabling autonomous navigation.
Company Profiles
Key players in the Asia Pacific servo motors and drives market include ABB Ltd, Delta Electronics Inc, Fanuc Corp, Mitsubishi Electric Corp, Fuji Electric Co Ltd, Nidec Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and offer innovative solutions to their customers.
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