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North America Servo Motors Market Size, Share & Trends Analysis Report By System, By Type, By Application (Robotics, Machine Tools, Printing & Packaging Technologies, Electronic Devices and Others), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 119 Pages
  • March 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953455
The North America Servo Motors Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030).

The US market dominated the North America Servo Motors Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,069.3 Million by 2030. The Canada market is experiencing a CAGR of 7.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).



In the aerospace and defense industries, these motors are utilized in flight control systems, navigation equipment, and unmanned aerial vehicles (UAVs), where accuracy, agility, and reliability are paramount. These motors are integral components of precision flight control systems in UAVs, providing the actuation necessary for controlling flight surfaces such as ailerons, elevators, rudders, and flaps. These motors enable UAVs to achieve stable flight dynamics, responsive maneuverability, and precise control over pitch, roll, and yaw axes. By converting electrical signals from flight controllers into mechanical movements, these motors ensure smooth and accurate adjustments to the UAV's orientation and trajectory, which is essential for achieving mission objectives with reliability and precision.

Furthermore, these motors are utilized in navigation equipment such as gyroscopes, inertial measurement units (IMUs), and autopilot systems, providing accurate and stable positioning, orientation, and attitude control. These motors facilitate precise adjustments to sensor platforms and guidance systems, enabling reliable navigation, targeting, and mission execution in aerospace and defense applications. Whether deployed in aircraft, spacecraft, or missile systems, these motors contribute to the accuracy and reliability of navigation and guidance systems, enhancing operational effectiveness and mission success.

As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer globally, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States. Additionally, as per the data from the Government of Canada, with a total budget of $250 million over three years (until March 31, 2024), the Aerospace Regional Recovery Initiative (ARRI) was delivered by Canada’s regional development agencies (RDAs). It complemented support for the aerospace industry provided through Canada’s COVID-19 Economic Response Plan and by Industry, Science and Economic Development (ISED) through the Strategic Innovation Fund. Hence, North America's growing aerospace and automotive sectors will boost the demand for these motors in the region.

Based on System, the market is segmented into Rotary and Linear. Based on Type, the market is segmented into AC Servo Motor and DC Servo Motor. Based on Application, the market is segmented into Robotics, Machine Tools, Printing & Packaging Technologies, Electronic Devices and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Siemens AG
  • ABB Group
  • Yaskawa Electric Corporation
  • Rockwell Automation, Inc.
  • FANUC Corporation
  • Mitsubishi Electric Corporation
  • Parker Hannifin Corporation
  • Schneider Electric SE
  • Bosch Rexroth AG (Robert Bosch GmbH)
  • Regal Rexnord Corporation

Market Report Segmentation

By System
  • Rotary
  • Linear
By Type
  • AC Servo Motor
  • DC Servo Motor
By Application
  • Robotics
  • Machine Tools
  • Printing & Packaging Technologies
  • Electronic Devices
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Servo Motors Market, by System
1.4.2 North America Servo Motors Market, by Type
1.4.3 North America Servo Motors Market, by Application
1.4.4 North America Servo Motors Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4 Porter Five Forces Analysis
Chapter 5. North America Servo Motors Market by System
5.1 North America Rotary Market by Country
5.2 North America Linear Market by Country
Chapter 6. North America Servo Motors Market by Type
6.1 North America AC Servo Motor Market by Country
6.2 North America DC Servo Motor Market by Country
Chapter 7. North America Servo Motors Market by Application
7.1 North America Robotics Market by Country
7.2 North America Machine Tools Market by Country
7.3 North America Printing & Packaging Technologies Market by Country
7.4 North America Electronic Devices Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Servo Motors Market by Country
8.1 US Servo Motors Market
8.1.1 US Servo Motors Market by System
8.1.2 US Servo Motors Market by Type
8.1.3 US Servo Motors Market by Application
8.2 Canada Servo Motors Market
8.2.1 Canada Servo Motors Market by System
8.2.2 Canada Servo Motors Market by Type
8.2.3 Canada Servo Motors Market by Application
8.3 Mexico Servo Motors Market
8.3.1 Mexico Servo Motors Market by System
8.3.2 Mexico Servo Motors Market by Type
8.3.3 Mexico Servo Motors Market by Application
8.4 Rest of North America Servo Motors Market
8.4.1 Rest of North America Servo Motors Market by System
8.4.2 Rest of North America Servo Motors Market by Type
8.4.3 Rest of North America Servo Motors Market by Application
Chapter 9. Company Profiles
9.1 Siemens AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 ABB Group
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Mitsubishi Electric Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Schneider Electric SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Yaskawa Electric Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.4.2 Product Launches and Product Expansions:
9.5.5 SWOT Analysis
9.6 FANUC Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Rockwell Automation, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Parker Hannifin Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Bosch Rexroth AG (Robert Bosch GmbH)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Regal Rexnord Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Acquisition and Mergers:

Companies Mentioned

  • Siemens AG
  • ABB Group
  • Yaskawa Electric Corporation
  • Rockwell Automation, Inc.
  • FANUC Corporation
  • Mitsubishi Electric Corporation
  • Parker Hannifin Corporation
  • Schneider Electric SE
  • Bosch Rexroth AG (Robert Bosch GmbH)
  • Regal Rexnord Corporation

Methodology

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