Asia Pacific Servo Motors and Drives Market Analysis and Forecast by Size, Share, Growth, Trends 2031
Asia Pacific Servo Motors and Drives Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Controller Modules, Electronic Amplifiers, Sensors, Encoders, and Others), Product Type (Servo Motor and Servo Drive), Brake Technology (Permanent Magnet, Spring, and Others), and Industry (Automotive and Transportation, Semiconductor and Consumer Electronics, Food Processing Industry, Textile Industry, and Others)
- Report Date : Oct 2025
- Report Code : TIPRE00041310
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 185
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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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.
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 InsightsBased 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 ProfilesSome 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.
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Asia Pacific Servo Motors and Drives Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Materials and Components Suppliers
4.3.2 Manufacturers
4.3.3 End Users
4.3.4 List of Vendors in the Value Chain
5. Asia Pacific Servo Motors and Drives Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand for Industrial Automation Solutions
5.1.2 Surge in Product Development by Manufacturers
5.1.3 Rise in Demand from Automotive Industry
5.2 Market Restraints
5.2.1 Availability of Substitute Products
5.3 Market Opportunities
5.3.1 Development of AI-Power Servo Motors
5.4 Future Trends
5.4.1 Demand for Next-Generation Servo Drives
5.5 Impact of Drivers and Restraints:
6. Servo Motors and Drives Market - Asia Pacific Analysis
6.1 Asia Pacific Servo Motors and Drives Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific Servo Motors and Drives Market Forecast Analysis
7. Asia Pacific Servo Motors and Drives Market Analysis - by Component
7.1 Controller Modules
7.1.1 Overview
7.1.2 Controller Modules: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Electronic Amplifiers
7.2.1 Overview
7.2.2 Electronic Amplifiers: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Sensors
7.3.1 Overview
7.3.2 Sensors: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Encoders
7.4.1 Overview
7.4.2 Encoders: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8. Asia Pacific Servo Motors and Drives Market Analysis - by Product Type
8.1 Servo Motor
8.1.1 Overview
8.1.2 Servo Motor: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Servo Drive
8.2.1 Overview
8.2.2 Servo Drive: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9. Asia Pacific Servo Motors and Drives Market Analysis - by Brake Technology
9.1 Permanent Magnet
9.1.1 Overview
9.1.2 Permanent Magnet: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Spring
9.2.1 Overview
9.2.2 Spring: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
10. Asia Pacific Servo Motors and Drives Market Analysis - by Industry
10.1 Automotive and Transportation
10.1.1 Overview
10.1.2 Automotive and Transportation: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Semiconductor and Consumer Electronics
10.2.1 Overview
10.2.2 Semiconductor and Consumer Electronics: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Food Processing Industry
10.3.1 Overview
10.3.2 Food Processing Industry: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Textile Industry
10.4.1 Overview
10.4.2 Textile Industry: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
11. Asia Pacific Servo Motors and Drives Market - Country Analysis
11.1 Asia Pacific
11.1.1 Asia Pacific Servo Motors and Drives Market - Revenue and Forecast Analysis - by Country
11.1.1.1 Asia Pacific Servo Motors and Drives Market - Revenue and Forecast Analysis - by Country
11.1.1.2 China: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.1.1.2.1 China: Asia Pacific Servo Motors and Drives Market Share - by Component
11.1.1.2.2 China: Asia Pacific Servo Motors and Drives Market Share - by Product Type
11.1.1.2.3 China: Asia Pacific Servo Motors and Drives Market Share - by Brake Technology
11.1.1.2.4 China: Asia Pacific Servo Motors and Drives Market Share - by Industry
11.1.1.3 Japan: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.1.1.3.1 Japan: Asia Pacific Servo Motors and Drives Market Share - by Component
11.1.1.3.2 Japan: Asia Pacific Servo Motors and Drives Market Share - by Product Type
11.1.1.3.3 Japan: Asia Pacific Servo Motors and Drives Market Share - by Brake Technology
11.1.1.3.4 Japan: Asia Pacific Servo Motors and Drives Market Share - by Industry
11.1.1.4 South Korea: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.1.1.4.1 South Korea: Asia Pacific Servo Motors and Drives Market Share - by Component
11.1.1.4.2 South Korea: Asia Pacific Servo Motors and Drives Market Share - by Product Type
11.1.1.4.3 South Korea: Asia Pacific Servo Motors and Drives Market Share - by Brake Technology
11.1.1.4.4 South Korea: Asia Pacific Servo Motors and Drives Market Share - by Industry
11.1.1.5 India: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.1.1.5.1 India: Asia Pacific Servo Motors and Drives Market Share - by Component
11.1.1.5.2 India: Asia Pacific Servo Motors and Drives Market Share - by Product Type
11.1.1.5.3 India: Asia Pacific Servo Motors and Drives Market Share - by Brake Technology
11.1.1.5.4 India: Asia Pacific Servo Motors and Drives Market Share - by Industry
11.1.1.6 Australia: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.1.1.6.1 Australia: Asia Pacific Servo Motors and Drives Market Share - by Component
11.1.1.6.2 Australia: Asia Pacific Servo Motors and Drives Market Share - by Product Type
11.1.1.6.3 Australia: Asia Pacific Servo Motors and Drives Market Share - by Brake Technology
11.1.1.6.4 Australia: Asia Pacific Servo Motors and Drives Market Share - by Industry
11.1.1.7 Rest of APAC: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.1.1.7.1 Rest of APAC: Asia Pacific Servo Motors and Drives Market Share - by Component
11.1.1.7.2 Rest of APAC: Asia Pacific Servo Motors and Drives Market Share - by Product Type
11.1.1.7.3 Rest of APAC: Asia Pacific Servo Motors and Drives Market Share - by Brake Technology
11.1.1.7.4 Rest of APAC: Asia Pacific Servo Motors and Drives Market Share - by Industry
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product News & Company News
13.4 Collaboration and Mergers & Acquisitions
14. Company Profiles
14.1 ABB Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Delta Electronics Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Fanuc Corp
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Fuji Electric Co Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 1.4.4 SWOT Analysis
14.4.6 Key Developments
14.5 Mitsubishi Electric Corp
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Nidec Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Rockwell Automation Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Schneider Electric SE
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Siemens AG
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Yaskawa Electric Corp
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 Word Index
15.2 About the Insight Partners
List of Tables
Table 1. Asia Pacific Servo Motors and Drives Market Segmentation
Table 2. List of Vendors
Table 3. Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Table 4. Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Component
Table 5. Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Product Type
Table 6. Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Brake Technology
Table 7. Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Industry
Table 8. Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Country
Table 9. China: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Component
Table 10. China: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 11. China: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Brake Technology
Table 12. China: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
Table 13. Japan: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Component
Table 14. Japan: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 15. Japan: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Brake Technology
Table 16. Japan: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
Table 17. South Korea: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Component
Table 18. South Korea: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 19. South Korea: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Brake Technology
Table 20. South Korea: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
Table 21. India: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Component
Table 22. India: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 23. India: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Brake Technology
Table 24. India: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
Table 25. Australia: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Component
Table 26. Australia: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 27. Australia: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Brake Technology
Table 28. Australia: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
Table 29. Rest of APAC: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Component
Table 30. Rest of APAC: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 31. Rest of APAC: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Brake Technology
Table 32. Rest of APAC: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Industry
Table 33. List of Abbreviation
List of Figures
Figure 1. Asia Pacific Servo Motors and Drives Market Segmentation - Country
Figure 2. PEST Analysis
Figure 3. Asia Pacific Servo Motors and Drives Market - Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Servo Motors and Drives Market Revenue (US$ Million), 2021-2031
Figure 6. Asia Pacific Servo Motors and Drives Market Share (%) - by Component (2024 and 2031)
Figure 7. Controller Modules: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 8. Electronic Amplifiers: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 9. Sensors: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 10. Encoders: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 11. Others: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 12. Asia Pacific Servo Motors and Drives Market Share (%) - by Product Type (2024 and 2031)
Figure 13. Servo Motor: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 14. Servo Drive: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 15. Asia Pacific Servo Motors and Drives Market Share (%) - by Brake Technology (2024 and 2031)
Figure 16. Permanent Magnet: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 17. Spring: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 18. Others: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 19. Asia Pacific Servo Motors and Drives Market Share (%) - by Industry (2024 and 2031)
Figure 20. Automotive and Transportation: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 21. Semiconductor and Consumer Electronics: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 22. Food Processing Industry: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 23. Textile Industry: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 24. Others: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 25. Asia Pacific Servo Motors and Drives Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 26. China: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 27. Japan: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 28. South Korea: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 29. India: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 30. Australia: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 31. Rest of APAC: Asia Pacific Servo Motors and Drives Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 32. Heat Map Analysis by Key Players
Figure 33. Company Positioning and Concentration
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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