Home > Semiconductors & Electronics > Automation > Industrial Automation > Analog Servo Motors and Drives Market

Analog Servo Motors and Drives Market Size

Report ID: GMI7891
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Analog Servo Motors and Drives Market Size

Analog Servo Motors and Drives Market size was estimated at above USD 10.2 billion in 2023 and is set to experience a growth rate of 6.7% through 2032. Growing integration of automation & robotics technologies across industrial operations coupled with the rising investments to boost the research & development activities will further cater to the industry expansion. For instance, in 2023, the International Federation of Robotics (IFR) reported that the total annual deployment of industrial robots equaled about 545 thousand units in 2022 observing an increase of about 43.8% over a couple of years from 379 thousand units in 2020.

To get key market trends

Download Free Sample

The products are designed to seamlessly integrate across manufacturing processes requiring high precision and reliability including positioning, cutting, milling, and other machining operations where tight control over speed and position is critical. In addition, the growing focus to improve the overall energy efficiency with a cost-effective alternative to other technologies will add to the industry landscape.

Analog Servo Motors and Drives Market Report Attributes
Report Attribute	Details
Base Year:	2023
Analog Servo Motors and Drives Market Size in 2023:	USD 10.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.7%
2032 Value Projection:	USD 18.6 Billion
Historical Data for:	2019 to 2023
No. of Pages:	510
Tables, Charts & Figures:	747
Segments covered:	Drive, Application, and Region
Growth Drivers:	Growing inclination towards industrial automation Integration of robotics & advanced automation solutions Rapid rate of industrialization across various geographies Increasing investments across energy-intensive industrial operations
Pitfalls & Challenges:	Availability of alternative drive technologies

Learn more about the key segments shaping this market

Download Free Sample

Analog servo motors and drives are components commonly used in motion control systems to achieve precise control of mechanical movements. These systems are widely deployed across range of industries including manufacturing, robotics, and aerospace, among others. These devices, as opposed to digital servo motors and drive alternatives, operate based on analog control signals in the form of analog voltages or currents and are widely integrated across industrial applications where accurate control of position, speed, or torque is essential.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Industry size for analog servo motors and drives was estimated at above USD 10.2 billion in 2023 and will record a growth rate of 6.7% through 2032, owing to the growing integration of automation & robotics technologies across industrial operations.

Semiconductor machinery segment is set to observe a growth of over 7.5% through 2032 attributed to the significant development of semiconductor manufacturing plants along with the mounting investments to boost the electric vehicle fleet.

Asia Pacific analog servo motors and drives market was valued at above USD 4.6 billion in 2023 and will keep growing through 2032, backed by the expansion of new manufacturing units, and positive outlook towards deployment of robotics & automation.

ABB, Yaskawa America, Inc., Analog Devices, Inc., WEG, Applied Motion Products, Inc., Bosch Rexroth Corporation., Siemens., Danfoss, Delta Electronics, Inc., Schneider Electric., Hitachi Industrial Equipment Systems Co., Ltd., Rockwell Automation., KEB Automation, Omron Corporation., Mitsubishi Electric Corporation and Nidec Motor Corporation.