What Fueled The Previous Growth In The Motion Control Drive Market?
The motion control drive market has seen considerable growth due to a variety of factors.
• The motion control drive market has grown significantly in recent years. It will grow from $6.95 billion in 2024 to $7.47 billion in 2025, reflecting a CAGR of 7.5%.
The growth is attributed to the demand for compact drives, the proliferation of fulfillment centers, a focus on production accuracy, and the rise of Industry 4.0.
What Is The Expected Growth In The Motion Control Drive Market Size Evolve over the Forecast Period?
The motion control drive market is expected to maintain its strong growth trajectory in upcoming years.
• The motion control drive market is set to grow to $9.93 billion by 2029 at a CAGR of 7.4%.
Growth is driven by automation adoption, rising demand for robots, growing logistics, and IoT development. Trends include innovative technologies, energy efficiency, IoT integration, cloud-based motion, and AI applications.
What Main Forces Are Fueling Expansion In The Motion Control Drive Market?
The growing adoption of automation in manufacturing is expected to boost the motion control drive market. Automation reduces the need for human intervention, improving efficiency, precision, and consistency. The push for automation is driven by demands for better efficiency, productivity, and quality control, as well as the need to address labor shortages. Motion control drives are essential in manufacturing automation as they enhance precision, efficiency, and safety. The International Federation of Robotics reported in May 2023 that industrial robot installations increased by 12% in 2022, with 41,624 units installed.
What Are The Primary Segments In The Global Motion Control Drive Market?
The motion control drive market covered in this report is segmented –
1) By Type: AC Drives, DC Drives, Servo Drives, Other Types
2) By Precision: Very High Precision, High Precision, Standard
3) By End-User: Semiconductor And Electronics Manufacturing, Food And Beverage, Aerospace And Defense, Automotive, Paper And Printing, Pharmaceuticals, Metals And Machinery Manufacturing, Other End-Users
Subsegments:
1) By AC Drives: Low Voltage AC Drives, Medium Voltage AC Drives, High Voltage AC Drives
2) By DC Drives: Brushed DC Drives, Brushless DC Drives
3) By Servo Drives: Linear Servo Drives, Rotational Servo Drives
4) By Other Types: Programmable Drives, Stepper Motor Drives
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What Trends Are Shaping The Motion Control Drive Market?
Leading players in the motion control drive market are prioritizing the creation of novel products like distributed servo to fulfill the growing requirements for accuracy, productivity, and adaptability in automation across various sectors. The concept behind a distributed servo drive is that the servo drive electronics are situated near or merged with the servo motor, rather than being centralized in a single control cabinet. For example, in July 2023, Rockwell Automation, an American enterprise that produces motion control drives, introduced the ArmorKinetix Distributed Servo Drive. This compact, on-machine product is designed to enhance the efficiency, flexibility, and cost-effectiveness of production machinery. With its sophisticated analytics, enhanced installation processes, and built-in safety features, it presents a compelling option for manufacturers aiming to cut expenses and boost operational efficiency.
Who Are the Key Players In The Motion Control Drive Market?
Major companies operating in the motion control drive market are:
• Robert Bosch GmbH
• Siemens AG
• Mitsubishi Electric Corporation
• Schneider Electric SE
• ABB Ltd.
• Toshiba Corporation
• Fuji Electric Co. Ltd.
• Nidec Motor Corporation
• Parker Hannifin Corp
• MOVENSYS Inc.
• Emerson Electric Co
• Delta Electronics Inc.
• Danfoss Inc.
• Rockwell Automation Inc.
• Advanced Micro Controls Inc.
• OMRON Corporation
• Keyence Corporation
• Fanuc Corporation
• HIWIN Corporation
• Regal Rexnord Corporation
• SEW-EURODRIVE
• YASKAWA Electric Corporation
• Moog Inc.
• Altra Industrial Motion Corp.
• Kollmorgen
• Sanyo Denki Co. Ltd.
• Harmonic Drive Systems
• Allied Motion Inc.
• Technosoft Motion
• Beckhoff Automation
What Is The Most Dominant Region In The Motion Control Drive Market?
North America was the largest region in the motion control drive market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motion control drive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
