Global Linear Motor Market Insights by Application, and Region | Major Players are Oswald Elektromotoren GmbH, Parker Hannifin Corp, PiezoMotor, Sumitomo Electric Industries, Ltd., Yaskawa Electric Corporation, etc.

The global linear motor market was estimated at USD $1,379.9 million in 2020 and is expected to rise to USD $2,093.6 million by 2030, with a compound annual growth rate of 4.8 per cent. A linear motor is an electric motor that has had its stator and rotor ‘unrolled,' resulting in a linear force along its length rather than a torque (rotation). Linear motors, on the other hand, are not always straight. To put it another way, these motors are a form of advanced synchronous brushless motor that functions similarly to torque motors but is opened up and rolled out flat.

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In the linear motion market, the automotive industry is one of the fastest-growing. In terms of manufacturing and manufacturing technology, this industry has seen rapid advancements. To produce a better, cheaper product in less time, automotive manufacturers are upgrading systems, adding inspection and networking capabilities, and leveraging integration. Linear rail guides, linear motors, controllers, and linear actuators are in high demand around the world because they help improve the efficiency of production and manufacturing facilities in the automotive industry.

During the forecast period, APAC is expected to continue to hold the largest share of the overall linear motion market in terms of value. APAC's emerging economies, such as China and India, are experiencing rapid changes in the adoption of new technologies and manufacturing advancements. In addition, the government has launched a number of large-scale initiatives to improve IT infrastructure. As a result of these factors, APAC has the highest growth rate in the linear motion market. In almost every business sector, the region is highly focused on adopting new technologies, and it is more interested in technologically innovative, cost-effective solutions. In APAC, Japan has one of the highest rates of linear motion product adoption.

The ball screw and inherent reliability of direct drive linear motors are controlled by a new direct drive–Green Drive actuator (combination of speed and rugged operation) designed by Servo Components and Systems Ltd. The Green Drive actuator has a speed of up to 5m/s and a positional accuracy of 50 microns, making it suitable for a wide range of industrial applications and propelling the linear motor industry forward.

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Linear motion components are used in the machining tools industry to automate processes such as cutting, boring, grinding, shearing, and other types of metal deformation in order to provide a high-reliability and low-maintenance solution. Linear motion components like linear guides, ball screws, linear actuators, linear motors, and so on are designed to maximise the efficiency of equipment that performs repetitive tasks. As a result, there is a strong demand for linear motion's precision and path-following capabilities to provide consistent results with greater versatility than other dedicated cutting machines.

Due to enforced lockdowns and placed restrictions by respective regulatory bodies in the wake of the recent COVID-19 outbreak, various industries' activities have either been temporarily suspended or are operating with a reduced workforce. This is no different in the global linear motor market, and this factor is expected to have a negative effect on the industry's revenue growth. Furthermore, the relatively high set-up costs associated with the installation and implementation of linear motors in respective industries may limit the global linear motor market's revenue growth in the coming years.

Some of the key players in the global linear motor market are:

• THK Co., Ltd.
• NSK Ltd.
• HIWIN Technologies Corp.
• Nippon Thompson Co., Ltd.
• Robert Bosch GmbH
• Schaeffler Technologies AG & Co. KG
• Rockwell Automation Inc.
• Timken Company
• Fortive
• HepcoMotion
• SCHNEEBERGER Group
• Hitachi Metals, Ltd
• Hiwin Corporation
• Jenney Science AG
• KML Linear Motion Technology GmbH
• Kollmorgen Corporation
• Mitsubishi Electric Corporation, Moog Inc.
• NTI AG LinMot
• Oswald Elektromotoren GmbH
• Parker Hannifin Corp
• PiezoMotor
• Sumitomo Electric Industries, Ltd.
• Yaskawa Electric Corporation

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