Global Linear Motor Market Synopsis
The linear motor market is growing rapidly across
the globe. The market growth attributes to the increasing application of linear
motors in various industries, including semiconductors, automotive,
electronics, and robotics. Besides, the spurring rise in industrial automation
worldwide creates substantial market demand. The growing adoption of linear
motors in burgeoning electronics, semiconductors, packaging sectors escalates
the market growth.
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 market is vastly dependent on automobile
sales and is driven by the increase in automotive production. Also, rising
usages of linear motor across the end-use industry boost market growth.
Technological advances in linear motors accelerate market growth.
Additionally, the increasing sales of lightweight
vehicles and the growing automobile industry worldwide foster the growth of the
market. On the other hand, high costs of linear motors are key factors
predicted to obstruct the market growth. Nevertheless, future technological
upgrades would support market growth throughout the forecast period, presenting
cost-efficient manufacturing techniques that can reduce the overall cost of
these motors.
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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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