Press release
Robotic Smart Motors Market Size Projected To Reach $5.26 Billion By 2034 With A Cagr Of 6%
Robotic Smart Motors
What Is the Projected Growth of the Robotic Smart Motors Market?
The robotic smart motors market has experienced substantial growth in recent years. It will increase from $3.92 billion in 2024 to $4.17 billion in 2025 at a CAGR of 6.3%. The market's expansion has been influenced by rising automation in manufacturing, focus on precision, supportive government policies for automation, the trend toward miniaturization, and improved standards for energy efficiency.
The robotic smart motors market is expected to grow significantly in the next few years, reaching $5.26 billion by 2029 at a CAGR of 6.0%. Growth factors include the expansion of the automotive and electronics industries, increasing manufacturing process complexity, improved motor control software, the rise of collaborative robots (cobots), and industrial robotics growth. Notable trends include advancements in sensor technology, innovations in motor control systems, AI and machine learning integration, demand for smart devices, and Industry 4.0 adoption.
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What Are the Different Robotic Smart Motors Market Segments?
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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What Are the Primary Drivers Shaping the Robotic Smart Motors Market?
The growth of IoT applications is projected to drive the robotic smart motors market. IoT systems improve automation through real-time monitoring and analytics. Robotic smart motors enhance control and efficiency across industries. Ericsson reported in September 2022 that global IoT connections hit 13.2 billion and are expected to grow by 18% to 34.7 billion by 2028. This expansion is advancing the smart motors market.
Which Companies Are Leading in the Robotic Smart Motors Market?
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 Latest Developing Trends in the Robotic Smart Motors Market?
Leading companies in the robotic smart motors market are focusing on developing advanced, highly programmable servosystems that integrate smart motors to improve efficiency in various applications. These systems provide precise motion control, making them ideal for robotics, industrial automation, and autonomous vehicles. In April 2022, Moog Animatics, a US-based precision motion control manufacturer, launched the Class 6 D-style SmartMotor, which integrates advanced diagnostics and programmability for greater efficiency and adaptability in robotics and automation.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Robotic Smart Motors Market?
2. What is the CAGR expected in the Robotic Smart Motors Market?
3. What Are the Key Innovations Transforming the Robotic Smart Motors Industry?
4. Which Region Is Leading the Robotic Smart Motors Market?
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