Market Overview

The global servo motors and drives market size is projected to grow from USD 13.3 billion in 2024 to USD 18.9 billion by 2033, at a CAGR of 3.9%. Growth is fueled by increasing automation across industries—especially in manufacturing, healthcare, packaging, semiconductors—and ongoing advancements in motion-control technologies that offer precision, energy efficiency, and enhanced system reliability.

Study Assumption Years

• BASE YEAR: 2024
• HISTORICAL YEAR: 2019–2024
• FORECAST YEAR: 2025–2033

Servo Motors & Drives Market Key Takeaways

• Market valued at USD 13.3 B in 2024, expected to reach USD 18.9 B by 2033, growing at 3.9% CAGR .
• Servo motors dominate over servo drives due to broader precision control applications .
• Low-voltage segments lead, attributed to cost-efficiency and suitability across diverse applications .
• Rotary systems hold majority share, offering superior performance in automation systems .
• Fieldbus communication protocols are widely adopted, ensuring reliable device connectivity .
• Machine tools are the primary end-use industry, supported by process precision demands .
• Asia Pacific is the leading region, driven by heavy automation uptake in countries like China, Japan, India .

Market Growth Factors

 Rising Automation Across Industries

One of the primary drivers fueling the growth of the servo motors and drives market is the rising adoption of automation across industries. Manufacturing plants, assembly lines, and production units are increasingly shifting toward robotic systems and automated machinery to boost efficiency and reduce human error. Servo motors and drives provide precise motion control, making them essential for automated processes. With industries such as automotive, electronics, packaging, and food processing adopting advanced automation solutions, the demand for these motors and drives continues to surge. Furthermore, the growing trend of Industry 4.0 emphasizes the integration of smart technologies, robotics, and IoT-enabled devices in production processes, further boosting market growth. Companies are also investing in automation to remain competitive, especially in regions facing labor shortages or high labor costs. As a result, the expanding need for faster, more accurate, and cost-efficient operations directly contributes to the global expansion of the servo motors and drives market.

Expansion of the Automotive Industry

The automotive sector plays a crucial role in driving the servo motors and drives market. Modern vehicles rely heavily on automation during the manufacturing process, from welding and painting to assembling intricate components. Servo motors enable high precision and reliability in these processes, ensuring faster production cycles and consistent quality. With the rapid adoption of electric vehicles (EVs) and hybrid models, the demand for advanced production technologies has increased significantly. Manufacturers are investing in servo-based automation systems to achieve the accuracy and efficiency required for producing EV batteries, motors, and lightweight components. Furthermore, autonomous and connected vehicle development requires specialized manufacturing solutions, further boosting the use of servo systems. As global automotive companies expand production facilities to meet rising demand, servo motors and drives will remain integral to ensuring high-speed, efficient, and scalable manufacturing processes, making this sector one of the key growth contributors to the global market.

 Growing Adoption in Renewable Energy Applications

The renewable energy sector is emerging as a promising growth area for the servo motors and drives market. Wind turbines, solar tracking systems, and other renewable energy equipment require precision control to optimize performance and efficiency. Servo drives ensure accurate positioning and motion control, which is critical for maximizing energy generation in wind and solar applications. With global investments in renewable energy projects increasing, the demand for servo systems is rising correspondingly. Countries across Europe, North America, and Asia-Pacific are prioritizing clean energy to reduce dependency on fossil fuels and meet climate targets. This creates strong opportunities for servo solution providers. Moreover, energy storage and battery manufacturing facilities also integrate servo-based systems to ensure accurate and safe production. The combination of renewable energy expansion and technological innovation positions the sector as a significant contributor to the long-term growth of the servo motors and drives market.

Request for a sample copy of this report: https://www.imarcgroup.com/servo-motors-drives-market/requestsample

Market Segmentation

By Product Type:

• Servo Motors: High-precision motors for motion control tasks.
• Servo Drives: Controllers that supply power and precise control signals.

By Voltage Range:

• Low Voltage: (<400 V) energy-efficient, low-noise applications.
• Medium and High Voltage: (>400 V) heavy-duty industrial uses.

By System:

• Linear System: Straight-line precise motion solutions.
• Rotary System: Rotational control systems, dominant in automation.

By Communication Protocol:

• Fieldbus: Industry-standard networking for robust automation.
• Industrial Ethernet: Fast data exchange for modern smart systems.
• Wireless: Flexible connectivity for untethered applications.

By End Use Industry:

• Machine Tools
• Packaging
• Robotics
• Semiconductors
• Electronics
• Rubber and Plastics
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Regional Insights

The Asia Pacific region is taking the lead, thanks to significant investments in automation from countries like China, Japan, India, and South Korea. Not only does this area boast the largest market share, but it also experiences a robust demand in sectors such as automotive, electronics, machine tools, and robotics. This growth is largely fueled by government initiatives aimed at digitalization and the push for smart factories.

Recent Developments & News

Recent advancements are honing in on IIoT-enhanced servo systems and a closer integration with robotics. We’re seeing a notable rise in precision-controlled rotary motors across packaging, electronics, and healthcare, marking a significant step towards modernization. Industry leaders are incorporating smart diagnostics and adaptive tuning features into their next-generation drives. Additionally, there’s a growing trend of collaboration between motor manufacturers and automation companies, which is helping to accelerate the rollout of plug-and-play servo solutions, enhancing interoperability and cutting down on commissioning time.

Key Players

• Bosch Rexroth AG
• Delta Electronics, Inc.
• Emerson Electric Co.
• Fanuc Corporation
• Kollmorgen
• Mitsubishi Electric Corporation
• Nidec Corporation
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Yaskawa Electric Corporation

Ask Analyst for Customization:  https://www.imarcgroup.com/request?type=report&id=2593&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No: (+1-201971-6302)