Robotic Smart Motor Market By Type (Brushless DC Motors, Servo Motors, Stepper Motors, AC Motors); By Component (Controllers, Sensors, Actuators, Power Electronics); By Application (Industrial Automation, Healthcare Robotics, Logistics and Warehousing, Collaborative Robots (Cobots), Autonomous Vehicles, Consumer Electronics); By End-Use Industry (Manufacturing, Automotive, Aerospace & Defense, Healthcare, Electronics, Agriculture); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The robotic smart motor market in 2023 was worth USD 2.99 billion and is expected to be worth USD 4.32 billion by 2030, expanding at a CAGR of 5.85% during the forecast period.

 

The demand for the robotic smart motor market is increasing with the demand for automation and sophisticated robotic systems in various sectors, including manufacturing, healthcare, and logistics. As global manufacturing productivity is anticipated to increase by more than 25% by 2025 owing to automation, robotic smart motors serve as an imperative solution for accuracy, speed, and performance. These motors incorporate several sensors and advanced control systems to improve the efficiency of the robotic processes.

 

Other recent advancement entails the application of smart motors in cobots, which are robots that operate alongside human beings in factories, especially in the assembly line. Some firms, such as ABB Robotics and others, have incorporated smart motors capable of self-monitoring to enhance on-time working and minimize factory maintenance. This push towards more efficient and adaptive robots is a key driver in industries requiring high precision and flexibility. The increasing trend toward Industry 4.0 is further accelerating the adoption of smart motors in robotics.

 

The robotic smart motor market remains a tremendous opportunity as various sectors adopt technology, especially AI and robotics, for efficiency and accuracy. By 2026, the global industrial robotics market will be more than $40 billion, driving the need for higher-performance motors. Smart motors with built-in diagnostics and learning capabilities can significantly increase productivity in various industries, including manufacturing, healthcare, and logistics.

 

An example of a recent technological advancement is using smart motors to create collaborative robots, also known as cobots. Fanuc and Universal Robots have incorporated smart motors that allow their robots to change the speed and torque output during operation to meet the efficiency and safety of the assembly lines. These innovations underscore the potential of smart motors to help drive the next era of advanced robotics with improved capabilities, less maintenance time, and more self-reliance to meet multifaceted functions.

 

 

Market Segmentation

By Type:

• Brushless DC Motors

• Servo Motors

• Stepper Motors

• AC Motors

 

By Component:

• Controllers

• Sensors

• Actuators

• Power Electronics

 

By Application:

• Industrial Automation

• Healthcare Robotics

• Logistics and Warehousing

• Collaborative Robots (Cobots)

• Autonomous Vehicles

• Consumer Electronics

 

By End-Use Industry:

• Manufacturing

• Automotive

• Aerospace & Defense

• Healthcare

• Electronics

• Agriculture

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Currently, the Asia-Pacific has the largest share in the robotic smart motor market due to the high demand for industrial automation and robotics in the growth of industrial units like China, Japan, and the South Korea. For example, China has been installing more industrial robots than other countries; the country had installed more than 40% of the industrial robots globally in 2021. Robotics and smart manufacturing technology is widely employed in this region leading to massive demand for robotic smart motors.

 

A recent development includes introduction of collaborative robots or cobots into Japanese factories to support ageing population with smart motors AI and sensor technologies. The rise of Industry 4.0 initiatives across Asia-Pacific, particularly in automotive and electronics manufacturing, further boosts the adoption of smart motors, making the region a dominant player in this market.

 

Key Players

• ABB Robotics

• Fanuc Corporation

• Yaskawa Electric Corporation

• Kollmorgen

• Mitsubishi Electric

• Nidec Corporation

• Bosch Rexroth

• Siemens AG

• Rockwell Automation

• STMicroelectronics

 

 

Robotic Smart Motor Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 2.99 billion
Revenue Forecast in 2030	USD 4.32 billion
Overall Growth Rate	CAGR of 5.85%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Million, CAGR (2023 - 2030)
Segmentation	By Type, By Application, By Component, By End-Use Industry, By Region
By Type	Brushless DC Motors, Servo Motors, Stepper Motors, AC Motors
By Application	Industrial Automation, Healthcare Robotics, Logistics and Warehousing, Collaborative Robots, Autonomous Vehicles, Consumer Electronics
By Component	Controllers, Sensors, Actuators, Power Electronics
By End-Use Industry	Manufacturing, Automotive, Aerospace & Defense, Healthcare, Electronics, Agriculture
By Region	North America, Europe, Asia Pacific, LAMEA
Country Scope	US, Canada, Mexico, Germany, France, UK, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Available customized purchase options to meet your exact research needs.