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Comprehensive Robotic Smart Motors Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Robotic Smart Motors Market Analysis
The market size for robotic smart motors has seen substantial growth recently. The forecast suggests an increase from $3.92 billion in 2024 to $4.17 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth during the historical period include heightened demand for manufacturing automation, a focus on precision and accuracy in production, governmental support for industrial automation, component miniaturization, and improved standards for energy efficiency.
A significant surge is anticipated in the growth of the robotic smart motors market, with market size projections reaching $5.26 billion in 2029, courtesy of a CAGR of 6.0%. This expected growth for the forecast period can be traced back to factors such as the advancement in the automotive and electronics sectors, heightened intricacies in manufacturing procedures, improvements in motor control software capabilities, the advent of cobots (collaborative robots), and industrial robotics' expansion. The forecast period is also expected to witness trending developments such as enhanced sensor technology, technological breakthroughs in motor control systems, incorporation of artificial intelligence and machine learning in robotics, a rising demand for smart and interconnected gadgets, and the implementation of industry 4.0 principles.
What Is Stimulating Growth in the Robotic Smart Motors Market?
The growth of the robotic smart motors market is predicted to be driven by the escalating use of Internet of Things (IoT) applications. Such applications typically involve the integration and utilization of interconnected entities and systems which collect, convey, and scrutinize data for automated processes and insights in diverse sectors like manufacturing, healthcare, and smart cities. The embrace of IoT applications is fueled by progress in sensor technology, the rampant spread of connected devices, the requirement for immediate data analytics, cost efficiencies in operations, and the push for automation and digital transformation across various industries. Robotic smart motors boost IoT applications by offering accurate control, real-time data supervision, and automation features, thereby improving efficiency and performance across numerous industries. As an example, in September 2022, Ericsson, a telecommunications company based in Sweden, reported that worldwide IoT connections touched 13.2 billion in 2022 and are projected to swell by 18% to arrive at 34.7 billion connections by 2028. Consequently, the escalating use of IoT-based applications is propelling the growth of the robotic smart motors market.
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Which Key Market Leaders Are Driving Robotic Smart Motors Industry Growth?
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 Emerging Trends in the Robotic Smart Motors Industry?
Major firms active in the robotic smart motors market are concentrating on innovating advanced products such as servosystems that are easily programmable and incorporate smart motors. With the ability to execute precise motion control and automation through inbuilt intelligence and programmability, these systems are perfect for fields like robotics, industrial automation, and autonomous vehicles. They facilitate adaptive operation in intricate environments, increasing efficiency and flexibility in a range of uses. Moog Animatics, an American-based producer and integrator of precision motion control devices, launched its new Class 6 D-style SmartMotor, an advanced addition to its SmartMotor range in April 2022. The latest model increases the power scope to 1 kW, keeping the design compact. Notable features of the motor include an absolute multi-turn battery-less encoder, a larger ambient operating temperature bracket of -20° to 105°C, standard 24 VDC I/O, a separate 24V backup supply for logic, and availability in NEMA frame sizes 17, 23, and 34 with in-line brake alternatives. The motor also facilitates simple diagnostic connection through USB and comes with standard Combitronic technology.
What Are the Main Segments in the Robotic Smart Motors Market?
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
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Which Geographic Area Leads 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.
What Is Covered In The Robotic Smart Motors Global Market Report?
- Market Size Analysis: Analyze the Robotic Smart Motors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Robotic Smart Motors Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Robotic Smart Motors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Robotic Smart Motors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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