Press release
Linear Motor Market to Grow at 6.6% CAGR, Surpassing US$ 3 Billion by 2031: Transparency Market Research
The Global Linear Motor Market, valued at US$ 1.8 billion in 2022, is projected to reach an impressive US$ 3.1 billion by the end of 2031, growing at a CAGR of 6.6% from 2023 to 2031. This growth is propelled by the increasing adoption of automation, heightened demand for high-speed transportation, and the need for efficient and sustainable energy systems, according to analysts' viewpoints.Download Sample PDF from Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=52422&utm_source=Openpr&utm_medium=Amit
Key Factors Driving Market Growth:
• Automation Boom: As labor shortages become more prevalent worldwide, companies are increasingly turning to automation to streamline operations. Linear motors are integral to achieving precise and rapid motion control in various automated systems, from manufacturing and logistics to healthcare and retail.
• Technological Advancements: Innovations in robotic automation and industrial production have led to a surge in the adoption of linear actuator motors. Manufacturers are focusing on developing advanced linear motors to capitalize on emerging opportunities.
• Ironless Motors: The ironless coil design, known for its high stability, compact size, and maintenance-free nature, is expected to dominate the market. Its superior precision and agility make it highly desirable for applications requiring high precision and dynamic motion.
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Market Opportunities:
• Flatbed Linear Motors: Increasing demand for high-precision and high-speed linear motion systems is driving the popularity of flatbed linear motors. Their large contact area and high-force transmission capabilities make them ideal for industrial automation, medical equipment, and semiconductor manufacturing.
• Semiconductor Sector: The semiconductor industry's need for precise positioning and velocity smoothness is fueling the demand for linear motors. As digital technology advances, the importance of error-free production in semiconductor manufacturing is paramount, driving the adoption of linear motion systems.
Regional Insights:
• Asia Pacific: Dominating with a 43.1% market share in 2022, Asia Pacific's prominence is attributed to its manufacturing hubs, particularly in China and Japan. The region's reliance on high-precision motion systems to enhance production efficiency is expected to continue driving market growth.
• North America and Europe: North America is set for steady growth due to high demand for automation in aerospace, automotive, and electronics industries. Europe, with its significant industrial sector, presents promising opportunities for linear motor applications in manufacturing and automation.
Key Players and Recent Developments: Leading companies such as Aerotech, Inc., Bosch Rexroth AG, FANUC Corporation, and Mitsubishi Electric Corporation are actively engaged in strategic initiatives like contracts, partnerships, acquisitions, and new product launches to enhance their market presence. Notable developments include:
• Bosch Rexroth AG: In February 2022, Bosch Rexroth AG inaugurated a customer innovation center near Austin, Texas, to support factory automation customers across various industries, including electric vehicle production and semiconductor manufacturing.
• Parker Hannifin Corporation: In August 2019, Parker Hannifin Corporation introduced the Parker LM-Pro Linear Motor Proportional Valve for the anesthesia and respiratory markets.
• Mitsubishi Electric Corporation: In June 2019, Mitsubishi Electric Corporation invested in Akribis Systems Pte Ltd, a Singapore-based company specializing in linear servo motors, to bolster its industrial automation solutions globally.
The global linear motor market is poised for significant growth, driven by advancements in automation and high-speed transportation. As industries continue to seek precise, efficient, and sustainable solutions, linear motors will play a crucial role in shaping the future of automation and industrial production.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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