Global Linear Motor Market Synopsis
As per the research by Market Research Future
Reports (MRFR), the global Linear Motor Market is estimated to value USD
1,579.4 million during the review period with a CAGR of 5.74%. The global
linear motor market 2020 is projected to be driven majorly by the global
expansion of the industrial automation market. Besides, the growing application
of linear motors in several industries such as electronics, robotics,
semiconductor, and automotive is estimated to drive during the assessment
period. The most significant advantage of linear motors is that it removes the
pulley, belts, rotation-to-translation mechanisms, which are required to
convert rotary motion to linear motion. The lesser number of mechanical
components reduce maintenance, which lessens the ownership cost as well.
Due to the sudden outbreak of novel coronavirus,
there has been an immense change in the market dynamics. Several regions have
been affected due to the pandemic. We will provide COVID-19 impact analysis
with the report.
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Market Segmentation
The global linear motor market can be segregated on
the basis of type, application, and region.
On the basis of type, the global linear motor market
can be classified into the cylindrical linear motor, u-channel linear motor,
and flat-type linear motor. The flat-type direct motor sector is further
classified into slotless ironless, slotless iron, and slotted iron.
On the basis of application, the global linear motor
market can be classified into medical, electronics, semiconductor, automotive,
robotics, packaging, machine tool medical, printing, and others.
On the basis of region, the global linear motor
market can be classified into North America, Europe, Asia-Pacific, and the rest
of the world (including the Middle East, Africa, and Latin America).
Regional Analysis
The geographical analysis of North America, Europe,
Asia-Pacific, and the rest of the world (including the Middle East, Africa, and
Latin America) has been conducted.
As per the analysis by MRFR, the APAC region is
estimated to dominate the global linear motor market. The region is a hotspot
for the semiconductor vertical. With the existence of countries such as Taiwan,
Japan, China, and South Korea, the region is propelling at a fast pace. These
countries contribute significantly, and hence, the APAC region is estimated to
witness high demand and market expansion.
On the other hand, the second position is attained
by the European market. The European region is one of the most significant
contributors to linear motor components. The region makes an active
contribution to market expansion and is likely to maintain its participation.
North American is likely to grow at a considerable rate during the review
period. The region is likely to exhibit a significant CAGR during the review
period. The Rest of the World (RoW), which comprises MEA and Latin America, is
likely to exhibit negligible expansion during the forecast period.
However, due to the outbreak of pandemic
coronavirus, several regions have been adversely affected. The dynamics of the
market are changed significantly due to the observation of worldwide
lockdown.
Key Players
The forefront competitors of the global linear motor
market are Aerotech Inc. (U.S.), ETEL
S.A (Switzerland), Moog Inc. (U.S.), Beckhoff Automation (Germany), ESR
Pollmeier GmbH (Germany), H2W Technologies Inc. (U.S.), Yaskawa Electric
Corporation (Japan), Sanyo Denki Co. Ltd. (Japan), Kollmorgen Corporation
(U.S.), and KML Linear Motion Technology GmbH (Austria). These players
contribute a major share in the growth of the linear motor market. Besides, the
top players, the other players who contribute to the market, are Jenny Science
AG (Switzerland), Sodick Co., Ltd. (Japan),
NTI AG LinMot (Switzerland), FANUC Corporation (Japan) Oswald
Elektromotoren GmbH (Germany), and others.
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