The global market for smart motors used in robotics and automation exhibits tremendous growth potential, forecast to rise at a CAGR exceeding 5.8% over 2023-2029. This rapid expansion is expected to generate over USD 1.6 billion in additional market value within the next five years.
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The proliferation of smart motors in robotic systems is catalysed by the surging demand for automation across diverse spheres including manufacturing, healthcare, automotive, electronics, logistics and more. These motors are highly valued for their precision, efficiency, responsiveness and connectivity. By enabling motion control with built-in feedback and self-correction capabilities, smart motors fulfil an indispensable role across automated processes.
The outlook for the smart motors market remains highly optimistic, as innovations in sensing, connectivity and analytics expand the capabilities of motion control. With Industry 4.0 initiatives gaining momentum globally, leading vendors are investing in integrated motor-drive systems tailored for robotics along with smart software and IoT infrastructure. Customers from manufacturing units to hospitals are increasingly waking up to the transformational potential of intelligent robotic systems underpinned by smart motors.
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Market Segmentation
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, product, application, and geography.
In manufacturing, smart servo motors facilitate precision motion control in robotic arms on production lines, achieving highly accurate repetitive tasks. Collaborative robots with integrated motor drives can work safely alongside humans.
As businesses aim for leaner operations and enhanced competitiveness, the applicability of AI-enabled commercial robotics continues to widen – spanning material handling, cleaning, delivery, security, exoskeletons, cobots and service robots. With each new use case and geography, the market for their enabling smart motors expands.
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Gain a reliable outlook of the global smart motors for robotics market forecasts from 2023 to 2029 across scenarios.
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The market estimate for ease of analysis across scenarios in Excel format.
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TABLE OF CONTENTS
PART 1. INTRODUCTION
Description
Objectives of The Study
Market Segment
PART 2. RESEARCH METHODOLOGY
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
PART 5. GLOBAL SMART MOTORS FOR ROBOTICS MARKET BY COMPONENT
PART 6. GLOBAL SMART MOTORS FOR ROBOTICS MARKET BY PRODUCT
12V
18V
24V
PART 7. GLOBAL SMART MOTORS FOR ROBOTICS MARKET BY APPLICATION
PART 8. GLOBAL SMART MOTORS FOR ROBOTICS MARKET BY GEOGRAPHY
PART 9. COMPANY PROFILES
ABB Ltd.
Dunkermotoren GmbH
Fuji Electric Co., Ltd.
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