What are the Historical Developments and Current Growth Metrics of the Robotic Smart Motors Market?
The robotic smart motors market has seen considerable growth due to a variety of factors.
• The robotic smart motors market has experienced strong growth in recent years. It will grow from $3.92 billion in 2024 to $4.17 billion in 2025, at a compound annual growth rate (CAGR) of 6.3%.
The growth is attributed to the increasing demand for automation, precision manufacturing, and improved energy efficiency.
What Is The Projected Growth Of The Robotic Smart Motors Template Market?
The robotic smart motors market is expected to maintain its strong growth trajectory in upcoming years.
• The robotic smart motors market is expected to grow to $5.26 billion by 2029, at a CAGR of 6.0%.
Growth factors include the automotive and electronics sectors, increasing manufacturing complexity, enhanced software for motor control, collaborative robots (cobots), and industrial robotics growth. Trends include sensor technology advancements, innovations in motor control systems, AI and machine learning integration, and the adoption of industry 4.0 principles.
What Are The Key Drivers Fueling Growth In The Robotic Smart Motors Market?
The escalating usage of applications grounded in the Internet of Things (IoT) is predicted to spur the upswing of the robotic smart motors market. These IoT-based programs encapsulate the integration and exploitation of interconnected devices and systems used for the compilation, transmission, and analysis of data for mechanized procedures and revelations across a spectrum of sectors including manufacturing, healthcare, and intelligent urban areas. The adoption of such applications comes as a result of advancements in sensor technology, the spreading of connected gadgets, the need for real-time data analysis, operational cost efficiencies, and the push for automation and digital alterations across various sectors. Robotic smart motors enrich IoT-based applications by offering precise control, immediate data monitoring, and automation skills, augmenting efficiency and output in multiple industries. As an example, in September 2022, a report by the Swedish telecommunications consortium Ericsson stated that global IoT connections shot up to 13.2 billion in 2022 and are projected to surge by 18% to 34.7 billion connections by 2028. Therefore, it is the swelling adoption of IoT-based applications that is steering the growth of the robotic smart motors market.
What Are The Principal Market Segments In The Global Robotic Smart Motors Industry?
The robotic smart motors market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Robot Type: Commercial, Defense
3) By Voltage: 12V, 18V, 24V, 36V, 48V, Above 48V
Subsegments:
1) By Hardware: Motor Drives, Sensors, Actuators, Controllers
2) By Software: Motion Control Software, Firmware, Diagnostic and Monitoring Software
Pre-Book The Robotic Smart Motors Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Robotic Smart Motors Market?
Leading firms in the robotic smart motors market are directing their efforts towards creating innovative products such as highly programmable servosystems with integrated smart motors to secure an advantage in this competitive field. These advanced systems provide accurate automation and motion control, courtesy of their inbuilt intelligence and programmability - ideal for use in robotics, autonomous vehicles, and industrial automation. They contribute to heightened efficiency and adaptability in intricate conditions, thus boosting productivity and flexibility across different applications. For example, in April 2022, Moog Animatics, a US-based producer and integrator of precision motion control parts and systems, unveiled its Class 6 D-style SmartMotor. This latest addition to the SmartMotor series takes the power range up to 1 kW while retaining a compacted design. It incorporates features like a multi-turn absolute encoder that doesn't require a battery, an expanded ambient operating temperature span from -20° to 105°C, a standard 24 VDC I/O, a dedicated 24V supply for logical backup, and is available in NEMA 17, 23, and 34 frame sizes along with inline brake alternatives. It also facilitates easy diagnostic connections via USB and comes with Combitronic technology as a standard.
Who Are the Key Players In The Robotic Smart Motors Market?
Major companies operating in the robotic smart motors market are:
• General Motors
• Siemens AG
• Mitsubishi Electric Corporation
• Schneider Electric SE
• ABB Ltd.
• Nidec Corporation
• Rockwell Automation Inc
• WEG S.A.
• Yaskawa Electric Corporation
• Moog Inc
• Sick AG
• Amazon Robotics LLC
• Lenze GmbH & Co KG
• Cruise LLC
• Oriental Motor
• Innovation First International Inc.
• Lin Engineering
• Aeolus Robotics
• Robeteq Inc
• RobotShop Inc
• Aerobotix
• Accio Robotics
• Technosoft SA
What Are The Regional Insights Into The Robotic Smart Motors Market?
North America was the largest region in the robotic smart motors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic smart motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
