Asia Pacific Servo Motors and Drives Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Asia Pacific servo motors and drives market size is expected to reach US$ 11,637.46 million by 2031 from US$ 7,221.76 million in 2024. The market is estimated to record a CAGR of 7.1% from 2024 to 2031.

Executive Summary and Asia Pacific Servo Motors and Drives Market Analysis:

The servo motors and drives market in APAC is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The growing adoption of advanced manufacturing technologies, such as computerized numerical control (CNC) machines, fuels the servo motors and drives the market. Servo motors and drives are commonly employed in CNC machines to enhance their performance, reliability, and precision. Servo motors provide improved control over motion, enabling accurate and smooth movements. This is critical for CNC machines that are used in precision-intensive activities such as turning, milling, and laser cutting. Numerous industries in APAC are adopting CNC machines to automate and streamline their production lines, which increases the adoption of servo motors and drives to ensure precise movement, positioning of machines, maintaining accuracy, and improving overall operations. For instance, according to Piran Advanced Composites data published in May 2024, CNC machines are highly used in automotive, electronics, semiconductor, aerospace, transportation, and medical sectors to automate manufacturing processes. Servo motors are equipped with encoders or resolvers that offer real-time input on the motor's position, direction, and velocity. This feedback loop enables CNC machines to make accurate modifications, resulting in great accuracy in machining operations. Servo motors improve CNC machine's ability to improve overall production efficiency and minimize operational downtime.

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Asia Pacific Servo Motors and Drives Market: Strategic Insights

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Asia Pacific Servo Motors and Drives Market Segmentation Analysis:

Key segments that contributed to the derivation of the Asia Pacific servo motors and drives market analysis are component, product type, brake technology, and industry.

• Based on component, the Asia Pacific servo motors and drives market is segmented into controller modules, electronic amplifiers, sensors, encoders, and other. The controller modules segment held the largest share of the market in 2024.

• By product type, the Asia Pacific servo motors and drives market is bifurcated into servo motor and servo drive. The servo motor segment held a larger share of the market in 2024.

• Based on brake technology, the Asia Pacific servo motors and drives market is segmented into permanent magnet, spring, and others. The permanent magnet segment held the largest share of the market in 2024.

• Based on industry, the Asia Pacific servo motors and drives market is segmented into automotive and transportation, semiconductor and consumer electronics, food processing industry, textile industry, and others. The automotive and transportation segment held the largest share of the market in 2024.

Asia Pacific Servo Motors and Drives Market Report Scope

Asia Pacific Servo Motors and Drives Market Players Density: Understanding Its Impact on Business Dynamics

The Asia Pacific Servo Motors and Drives Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Asia Pacific Servo Motors and Drives Market Outlook

Numerous industries highly adopt servo motors and drives for accurate speed, position, and motion control in their operations. These components are necessary in the manufacturing industry, where the exact movement of machines and equipment is critical for maintaining precision and efficiency in automation systems such as robotic arms, CNC machines, and conveyors. Servo motors and drives allow machines and equipment to track their location and make adjustments accordingly. The rising demand for servo motors and drives in numerous industries, including automotive and transportation, semiconductor and electronics, food processing industry, and textile industry, encourages manufacturers to develop technologically advanced products that are capable of meeting the dynamic requirements of customers. A few servo motors and drive developments made by manufacturers to improve their offering by attracting customers worldwide are mentioned below:

• In November 2023, ADVANCED Motion Controls released FlexPro servo drives that can output 100 AMP continuous and 200 AMP peak with a footprint of less than half a business card. Normally, servo drives with such a high current rating would take up much space in an application; however, FlexPro's high power density enables them to meet the high motor torque demands of an application without consuming too much space or weight.

• In May 2024, ABB Ltd. launched an innovative new package consisting of an AMXE250 motor and HES580 inverter, suitable for electric buses. The new propulsion package, designed to function together to provide a more efficient, dependable, and widely available solution for the industry, represents a big step forward in cleaner, more sustainable transportation solutions.

• In January 2023, Nidec-Shimpo Corporation launched a lineup of its "VR Series," reducers for servo motors for food machinery. Reducers for servo motors are equipped with robots and factory automation equipment to agitate, mix, crush, fill, convey, align, and various other food and medicine manufacturing processes, which improve safety.

Servo motors and drives provide industries with continuous and real-time monitoring, making them essential in improving accuracy, productivity, and safety across various industrial applications. Thus, the surge in product development by manufacturers fuels the market growth.

Asia Pacific Servo Motors and Drives Market Country Insights

Based on country, the Asia Pacific servo motors and drives market comprises China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China held the largest share in 2024.

The demand for servo motors and drives from the automotive industry and government support toward the adoption of EVs is boosting the market in China. According to International Institute for Management Development (IMD) data from January 2024, EV production and sales in China increased significantly due to the "Made in China 2025" strategy, which identified critical sectors where China hoped to develop its manufacturing base. The government of China has actively supported the new energy vehicles (NEVs) sector since 2009, with funding estimated to reach an unprecedented US$ 23.62 billion (150 billion yuan) by 2022, greatly accelerating China's NEV market. The demand for EVs and NEVs encourages market players to increase their production to fulfill their customer's demand. The growing production of vehicles has prompted the adoption of servo motors and drives for high precision and safety. In self-driving vehicles, servo motors handle steering, braking, and acceleration systems, allowing the vehicle to navigate without human intervention.

Asia Pacific Servo Motors and Drives Market Company Profiles

Some of the key players operating in the market include ABB Ltd, Delta Electronics Inc, Fanuc Corp, Mitsubishi Electric Corp, Fuji Electric Co Ltd, Nidec Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Asia Pacific Servo Motors and Drives Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise