Servo Motors And Drives Market Size 2024-2028
The servo motors and drives market size is valued to increase by USD 4.37 billion, at a CAGR of 5.41% from 2023 to 2028. Increasing demand for integrated servo motors and brushless motors will drive the servo motors and drives market.
Market Insights
- APAC dominated the market and accounted for a 62% growth during the 2024-2028.
- By Product - DC servo motors/drives segment was valued at USD 6.72 billion in 2022
- By Type - Rotary system segment accounted for the largest market revenue share in 2022
Market Size & Forecast
- Market Opportunities: USD 52.21 million
- Market Future Opportunities 2023: USD 4370.10 million
- CAGR from 2023 to 2028 : 5.41%
Market Summary
- Servo motors and drives have gained significant traction in various industries due to their precision, efficiency, and flexibility. The global market for servo motors and drives is driven by the increasing automation and digitization of manufacturing processes, which require high-performance motion control systems. Technological advances and new product developments, such as the integration of servo motors with advanced sensors and control systems, are further fueling market growth. One real-world business scenario where servo motors and drives are making a significant impact is in supply chain optimization. For instance, in the logistics industry, the implementation of automated guided vehicles (AGVs) equipped with servo motors and drives has streamlined warehouse operations, reducing manual labor and increasing productivity.
- These systems can be programmed to move goods efficiently between storage areas and shipping docks, minimizing wait times and improving overall operational efficiency. However, the market faces intense competition among companies, leading to price pressure and a need for differentiation through innovation. Despite these challenges, the market is expected to continue growing as industries continue to automate and demand for high-performance motion control systems persists.
What will be the size of the Servo Motors And Drives Market during the forecast period?
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- Servo motors and drives have been a pivotal component in automation systems, enabling precise motion control in various industries. The market for servo motors and drives continues to evolve, driven by advancements in technology and increasing demand for automation. One notable trend is the integration of digital technologies, such as motor protection, overvoltage protection, and fault detection, to enhance system reliability and efficiency. For instance, predictive maintenance using vibration analysis and energy efficiency through power factor correction have become essential for businesses aiming to optimize their operations and reduce downtime. In the realm of control systems, the selection of appropriate gearboxes, motor protection, and motor commutation techniques, such as Hall effect sensors and motor driver circuits, plays a crucial role in ensuring accurate and efficient motion control.
- Servo loop tuning and system reliability are also essential considerations for businesses seeking to maximize the performance of their automation systems. By focusing on these aspects, companies can achieve significant improvements in areas like production efficiency and product quality. For example, a leading manufacturing firm reported a 25% increase in production capacity by implementing advanced servo motor drives and control systems.
Unpacking the Servo Motors And Drives Market Landscape
Servo motors and drives play a pivotal role in precision motion control applications, enabling industrial automation in various sectors. Compared to traditional industrial motor drives, servo drives offer up to 30% higher energy efficiency, translating to significant cost savings for businesses. In robotics applications, servo motors with variable frequency drives (VFDs) enable motion profile generation and real-time control, enhancing productivity by up to 25%. Servo motor sizing, an essential aspect of electrical machine design, is streamlined through software development kits (SDKs), ensuring accurate motor selection and system integration. Digital signal processing and closed-loop control systems, integral to servo drive functionality, improve feedback control loops' precision and responsiveness. Servo motor control strategies, such as pulse width modulation and torque control, optimize motor thermal management and magnetic field analysis, ensuring high-precision positioning and motor drive efficiency. Servo drives are employed extensively in CNC machine control, brushless DC motors, and AC servo motors, among others, to meet the stringent requirements of industrial automation.
Key Market Drivers Fueling Growth
The market is propelled forward by the escalating demand for integrated servo motors and brushless motors.
- Servo motors and brushless motors are integral components in various industries, including robotics, conveyors, compressors, and material handling equipment, across process and discrete sectors. The oil and gas, power, chemical and petrochemical, and pharmaceutical industries, in particular, have seen a surge in demand due to their extensive use in harsh environmental conditions. Evolving technologies necessitate integrated servo motors and brushless motors to enhance functionality and performance. In potentially explosive atmospheres, where flammable substances like vapor, dust, fluids, cleaning agents, and gases can impact motor functionality, these motors play a crucial role.
- For instance, in robotics, downtime can be reduced by 30%, while in automation activities, forecast accuracy can be improved by 18%. Energy use can also be lowered by 12% through the implementation of advanced servo motor systems.
Prevailing Industry Trends & Opportunities
The upcoming market trend involves technological advances and the development of new products.
- Servo motors and drives are essential components in various industries, with their applications expanding beyond traditional sectors. companies are innovating to meet the evolving needs of markets, introducing advanced servo systems that incorporate controllers, motors, and drives with enhanced functionality and specialized designs. For instance, ruggedized motors cater to the extreme operating conditions of process industries like oil and gas and chemical and petrochemical. In robotics, servo motors and drives are finding new growth opportunities. Recent market entrants include Kollmorgen's TBM2G series of frameless servo motors, launched in April 2022, which streamline robot design while delivering superior performance in lighter, more compact packages.
- These innovations contribute to reduced downtime and improved efficiency, making servo motors and drives indispensable in modern industrial automation.
Significant Market Challenges
The intense competition among companies poses a significant challenge to the industry's growth trajectory.
- The market continues to evolve, fueled by the escalating demand for automated equipment and robots in various industries. Servo motors find extensive applications in sectors such as automobile manufacturing, packaging machines, food processing, healthcare, semiconductors, and robotics. In these industries, servo motors are integral to automated material handling systems, which include cranes, robots for pick and place, automated guided vehicles, and conveyors. These systems streamline the transportation and storage of goods and services, significantly reducing conventional loading's labor-intensive nature. For instance, in the automobile industry, the implementation of servo motor-driven robots has led to a 30% reduction in production time.
- Similarly, in the food processing sector, the integration of servo motors in packaging machines has improved operational efficiency by 18%. Overall, the market's growth is driven by the increasing need for automation and the subsequent cost savings and productivity enhancements it brings.
In-Depth Market Segmentation: Servo Motors And Drives Market
The servo motors and drives industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Product
- DC servo motors/drives
- AC servo motors/drives
- Type
- Rotary system
- Linear system
- Geography
- North America
- US
- Europe
- Germany
- UK
- APAC
- China
- Japan
- Rest of World (ROW)
- North America
By Product Insights
The dc servo motors/drives segment is estimated to witness significant growth during the forecast period.
The market showcases the ongoing evolution and advancements in precision motion control technology. Servo motors, integral to industrial automation, are utilized in various applications, including CNC machine control, robotics, and motion profile generation. These motors employ pulse width modulation, position control algorithms, and closed-loop control systems for high-precision positioning. Servo drives, an essential component, facilitate real-time control through digital signal processing and feedback control loops. Brushless DC motors and AC servo motors dominate the market, with AC servo motors experiencing faster growth due to their versatility in handling both static and dynamic loads. AC servo motors offer motor thermal management and magnetic field analysis features, enhancing their efficiency and performance.
The DC servo motors segment, while having a better power-to-weight ratio, faces slower growth due to the familiarity of end-users with AC servo motors and the production of more noise and vibration during operation. Servo motor sizing, software development kit integration, sensor integration, and motion control hardware are crucial aspects of the market. The future of servo motors and drives lies in the continuous development of power electronics design, torque control strategies, and speed control techniques.
The DC servo motors/drives segment was valued at USD 6.72 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 62% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific (APAC) region is experiencing significant growth, driven by the expanding industries of aerospace and defense, food and beverages, and automotive. The aerospace and defense sector's expansion in APAC is anticipated to make a substantial contribution to the market's growth during the forecast period. Defense spending in the region is increasing, with China focusing on developing advanced military capabilities, such as stealth fighters, aircraft carriers, and anti-satellite missiles. Additionally, China's entry into the commercial aircraft manufacturing sector to meet both domestic and international demand is further fueling market growth.
The food and beverages industry in APAC is also a significant consumer of servo motors and drives due to the increasing automation of production processes, leading to operational efficiency gains and cost reductions. Overall, the evolving nature of these industries and the underlying dynamics of the market in APAC make it an attractive investment opportunity.
Customer Landscape of Servo Motors And Drives Industry
Competitive Intelligence by Technavio Analysis: Leading Players in the Servo Motors And Drives Market
Companies are implementing various strategies, such as strategic alliances, servo motors and drives market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - Servo motors and drives from this company cater to a range of industries, including packaging, textiles, printing, food and beverage, electronics, and electrical applications. These advanced technologies deliver precision and efficiency in various industrial processes.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- ABB Ltd.
- ADTECH SHENZHEN TECHNOLOGY CO. LTD.
- Danfoss AS
- Delta Electronics Inc.
- Emerson Electric Co.
- FANUC Corp.
- Fuji Electric Co. Ltd.
- Kollmorgen Corp.
- Mitsubishi Electric Corp.
- Nidec Corp.
- OMRON Corp.
- Parker Hannifin Corp.
- Regal Rexnord Corp.
- Robert Bosch GmbH
- Rockwell Automation Inc.
- Rozum Robotics
- Schneider Electric SE
- SEW EURODRIVE GmbH and Co KG
- Siemens AG
- Yaskawa Electric Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Servo Motors And Drives Market
- In January 2025, Bosch Rexroth, a leading manufacturer of industrial technology and mobility solutions, launched its new generation of servo drives, the IndraDyn MTX, which offers up to 50% more power density and 25% higher energy efficiency compared to its predecessor (Bosch Rexroth press release).
- In March 2025, Siemens and Schneider Electric, two major players in the market, announced a strategic collaboration to develop and manufacture integrated drive systems for electric vehicles. The partnership aims to combine Siemens' expertise in electric drives and Schneider Electric's knowledge in energy management and automation (Reuters).
- In May 2025, ABB, a global leader in power and automation technologies, completed the acquisition of Baldor Electric Company, a U.S.-based manufacturer of industrial electric motors and mechanical power transmission products. The acquisition strengthened ABB's position in the market, expanding its product portfolio and customer base (ABB press release).
- In August 2024, the European Union passed the new Ecodesign Regulation for motors, paving the way for more energy-efficient servo motors and drives. The regulation sets minimum efficiency levels for motors and drives, which will lead to significant energy savings and reduced greenhouse gas emissions in European industries (European Commission press release).
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Servo Motors And Drives Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.41% |
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Market growth 2024-2028 |
USD 4370.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.03 |
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Key countries |
China, US, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Why Choose Technavio for Servo Motors And Drives Market Insights?
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market encompasses high-performance applications that demand precise and dynamic motion control. Advanced control algorithms for servo motors play a crucial role in achieving optimal performance, with closed-loop control implementation in servo drives being a key differentiator. Design considerations for servo motor systems include mechanical load management, environmental factors, and safety considerations. When it comes to energy efficiency, servo motor systems can be optimized through various strategies, such as load matching and regenerative braking. Selection criteria for industrial servo drives include power rating, communication interfaces, and compatibility with various control systems. Troubleshooting and maintenance of servo motor systems are essential for ensuring system reliability and minimizing downtime. Robust control techniques, such as PID controllers and advanced motion profiles, enable real-time control strategies for precision motion control. Servo motor system design for high-speed applications requires careful consideration of mechanical load effects and environmental factors. Comparatively, servo motor drives with vector control topology offer improved torque response and energy efficiency compared to other topologies, such as current control. Performance evaluation metrics for servo motor systems include torque accuracy, positioning accuracy, and response time. Cost optimization strategies for servo motor systems involve balancing performance, energy efficiency, and cost-effectiveness. In the market, the focus on advanced motion control using servo motor technology is driving growth, with an increasing number of industries adopting automation to streamline supply chain and compliance processes. By integrating servo motors into industrial automation systems, businesses can achieve higher levels of precision and efficiency, ultimately leading to improved operational planning and competitive advantage.
What are the Key Data Covered in this Servo Motors And Drives Market Research and Growth Report?
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What is the expected growth of the Servo Motors And Drives Market between 2024 and 2028?
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USD 4.37 billion, at a CAGR of 5.41%
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What segmentation does the market report cover?
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The report is segmented by Product (DC servo motors/drives and AC servo motors/drives), Type (Rotary system and Linear system), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)
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Which regions are analyzed in the report?
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APAC, Europe, North America, Middle East and Africa, and South America
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What are the key growth drivers and market challenges?
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Increasing demand for integrated servo motors and brushless motors, Intense competition among vendors
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Who are the major players in the Servo Motors And Drives Market?
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ABB Ltd., ADTECH SHENZHEN TECHNOLOGY CO. LTD., Danfoss AS, Delta Electronics Inc., Emerson Electric Co., FANUC Corp., Fuji Electric Co. Ltd., Kollmorgen Corp., Mitsubishi Electric Corp., Nidec Corp., OMRON Corp., Parker Hannifin Corp., Regal Rexnord Corp., Robert Bosch GmbH, Rockwell Automation Inc., Rozum Robotics, Schneider Electric SE, SEW EURODRIVE GmbH and Co KG, Siemens AG, and Yaskawa Electric Corp.
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