Analog Servo Motors and Drives Global Market Report 2024

The analog servo motors and drives market size has grown strongly in recent years. It will grow from $9.6 billion in 2023 to $10.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth observed in the historical period can be attributed to several factors, including the expansion of industrial automation driving demand, a growing adoption of international energy-efficient standards and regulations, increasing demand for precise motion control solutions, and a rising need for energy-efficient and cost-effective servo motors and drives.

The analog servo motors and drives market size is expected to see strong growth in the next few years. It will grow to $13.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for industrial robotics, a rising need for high-performance and reliable equipment, and extensive applications of servo motors and drives in printing presses and paper converting machinery. Major trends expected during this period include advancements in technology, integration with IoT technology, the expansion of smart manufacturing initiatives, the growth of automated guided vehicles, and a focus on strategic partnerships and collaborations within the industry.

The escalating demand for automation in manufacturing processes is poised to drive significant growth within the analog servo motors and drives market in the foreseeable future. Automation in manufacturing, characterized by the utilization of technology, machinery, and control systems to execute tasks with minimal human intervention, is gaining prominence owing to its ability to yield cost savings, enhance productivity, elevate quality standards, mitigate labor challenges, facilitate digital transformation, and adapt to evolving market dynamics. The analog servo motors and drives market plays a pivotal role in facilitating the proliferation of automation within manufacturing by offering precise motion control solutions indispensable for automated machinery, thereby fostering streamlined production processes and diminishing reliance on manual labor. This trend is underscored by data from October 2021, as reported by the International Federation of Robotics (IFR), which reveals a substantial 16% increase in global robot installations within the automotive sector in 2021 compared to the previous year, indicative of the growing adoption of automation in manufacturing and propelling the growth trajectory of the analog servo motors and drives market.

Key players within the analog servo motors and drives landscape are actively engaged in enhancing their market offerings through the integration of I/O expansion options aimed at augmenting functionality and extending features. I/O expansion options encompass additional hardware components designed to augment the input/output capacity of main controllers or systems beyond their inherent capabilities. Particularly relevant in machine-building applications necessitating motor technologies operating within voltage ranges of 200 to 480 V and power ratings ranging from 0.25 to 7.5 kW, these enhancements bolster system versatility and performance. For instance, in January 2024, Aerotech Inc., a prominent US-based precision motion control and automation firm, unveiled the automation1 XA4 and iXA4 PWM servo drives - compact, cost-effective single and multi-axis servo drives. These innovative products deliver precision motion control capabilities at a reduced cost, with integrated full motion controllers and I/O expansion options catering to diverse application requirements. Part of a new product line, the Automation1 XA4 and iXA4 PWM servo drives exemplify streamlined and cost-effective solutions for motion control applications, engineered to deliver high performance and integrated motion control capabilities across up to 12 axes, thereby bolstering the efficacy and competitiveness of automation initiatives within the manufacturing landscape.

In August 2022, WEG Industries, a leading Brazilian company specializing in motion engineering and automation, acquired the motion control business unit of Gefran S.p.A for a transaction valued at over $25 million. This strategic acquisition is poised to enhance WEG's foothold in a crucial market segment, broaden its range of products and services, reinforce its presence in the European market, and expedite its global expansion efforts in line with its motion-driven strategy. Gefran S.p.A, headquartered in Italy, is renowned for its offerings of electronic drives and electric motors in both AC and DC variants, catering to diverse industrial applications including servo drives and motion control solutions.

Major companies operating in the analog servo motors and drives market report are Hitachi Ltd., Siemens AG, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Nidec Corporation, Parker Hannifin Corporation, Emerson Electric Co., Delta Electronics Inc., Danfoss A/S, Rockwell Automation Inc., Bosch Rexroth AG, Fanuc Corporation, AMETEK Inc., WEG S.A., SEW-EURODRIVE GmbH & Co KG, Yaskawa Electric Corporation, Moog Inc., Fuji Electric Co. Ltd., Lenze SE, Pilz GmbH & Co. KG, Oriental Motor Co.Ltd., Nippon Pulse Motor Co. Ltd.

North America was the largest region in the analog servo motors and drives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the analog servo motors and drives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the analog servo motors and drives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Analog servo motors and drives are electromechanical systems employed for precise motion control across a range of industrial applications. These components utilize analog signals to accurately regulate speed, position, and torque. They are particularly suitable for systems employing analog control signals, offering compatibility with existing control architectures.

The primary types of drives for analog servo motors and drives include AC drives and DC drives. AC drives are motor controllers tailored for controlling the speed and torque of alternating current (AC) motors. They come in various voltage ranges such as low voltage, medium voltage, and high voltage, and find applications in diverse settings including extreme environments, semiconductor machinery, automated guided vehicles (AGVs), electronics, and others.

The analog servo motors and drives market research report is one of a series of new reports that provides analog servo motors and drives market statistics, including analog servo motors and drives industry global market size, regional shares, competitors with analog servo motors and drives market share, detailed analog servo motors and drives market segments, market trends, and opportunities, and any further data you may need to thrive in the analog servo motors and drives industry. This analog servo motors and drives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Analog servo motors and drives market consists of sales of brushed servo motors, brushless servo motors, analog servo drives for AC and DC motors, and associated accessories such as controllers and amplifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.