Servo Motors and Drivers Market Size Was Valued at USD 15.21 Billion in 2023, and is Projected to Reach USD 25.31 Billion by 2032, Growing at a CAGR of 5.82 % From 2024-2032.

Servo motors come with an integrated positional feedback system. They might be linear, DC, or AC. Closed-loop motion control systems use these motors to precisely control torque, speed, and angular position. By using permanent magnets, variations in voltage and current between windings are made feasible. When servo motors are utilized, servo drives are automatic parts that enable the motor to accomplish accurate positioning by automatically adjusting any deviation from the prescribed state.

Servo motors are widely employed in industrial robots, adding dexterity and actuating movement, such as in robotic welding arms and autonomous vehicle steering systems. As a result, the increased use of industrial robots may drive servo motor demand throughout the projection period.

One major factor propelling the growth of the market under study is the efforts being made by industrial organizations to accelerate their digital transformation. This includes the shift toward the "Industry 4.0" concept, which dictates a higher adoption of automation, robotics, and advanced solutions, like AI and IoT, in industrial setups. Over the course of the projected period, there will likely be an increase in the use of servo motors, which allow modern industrial machines and robots to function with higher efficiency and precision.

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Leading players involved in the Servo Motors and Drivers Market

ABB (Switzerland), Adtech (Shenzhen), Ametek (US), Bosch Rexroth AG (Germany), Delta Electronics (Taiwan), Emerson Electric Co., Fanuc (Japan), Fuji Electric (Japan), Kollmorgen Corporation (US), LENZE (Germany), Mitsubishi Electric (Japan), Moog Inc., NIDEC (Japan), Omron Corporation (OMRON) (US), Oriental Motor Co., Ltd., Parker Hannifin Corporation (US), Rockwell Automation (US), Rozum Robotics Inc. (Belarus), Schneider Electric (France), SEW Eurodrive (Germany), Siemens (Germany), Technology Co. Ltd (China), WEG (Brazil), Yaskawa Electric (Japan), and Other Major Players.

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Segmentation of Servo Motors and Drivers Market:

By Type

  • AC Servo Motor
  • DC Brush Less Servo Motor
  • Brushed DC servo Motor
  • Linear Servo Motor

By Drive

  • AC Servo Drive
  • DC Servo Drive
  • Adjustable Servo Drive

By Voltage Range

  • Low-Voltage
  • Medium Voltage
  • High Voltage

By End-user Industry

  • Automotive
  • Oil and Gas
  • Healthcare
  • Packaging
  • Semiconductor & Electronics
  • Chemicals & Petrochemicals

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

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