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The analog segment is set to grow at over USD 4.4 billion by 2032 and will gain significant momentum owing to increasing automation across manufacturing sector driven by the need for precise control and reliability in applications like robotics, CNC machines, and conveyor systems. Technological enhancements including improved performance and cost efficiency, are accelerating the adoption of these systems across diverse applications including aerospace and automotive for their demand for high-precision and high-speed operations further augmenting the analog servo motors & drives industry outlook
The metal cutting & forming application is set to witness a CAGR of over 5% through 2032. Rising demand for advanced technological machinery in metal cutting is surging across various industries, including iron & steel, driven by the need for precision have accelerated the product demand. The ability of these units to provide precise motion control and speed and optimize industrial operations, will augment the business landscape. Furthermore, expansion of advanced manufacturing facilities and processes along with increasingly adoption of these units to boost output, flexibility, and production quality, will further shape the industry dynamics.
Asia Pacific DC Servo Motors and Drives market is set to grow at USD 3.4 billion by 2032. Rapidly growing population, flourishing investments for energy intensive industries along with shifting focus on enhancing motor control is set to complement the business landscape. Stringent regulations focused on boosting energy efficiency along with increasing energy consumption, expanding industrial automation and robotics across various industries will positively influence the industry outlook. Moreover, paradigm shift toward adopting enhanced automation solutions, focused at improving productivity and flexibility, will shape the business dynamics.
The market size for DC servo motors and drives was valued at USD 4.6 billion in 2023 and is set to grow at CAGR of 6.3% 2032, owing to growing automation across the energy-intensive sectors.
The metal cutting & forming segment of the DC servo motors and drives market is set to witness over 5% CAGR through 2032, driven by the rising demand for advanced technological machinery in metal cutting.
Asia Pacific market is set to generate USD 3.4 billion by 2032, driven by a rapidly growing population, flourishing investments for energy intensive industries along with shifting focus on enhancing motor control.
Allied Motion, Inc, Applied Motion Products, Inc, AXOR IND. S.a.s, Bosch Rexroth Corporation, Fuji Electric Co., Ltd, Ingenia Cat S.L.U. among others.