AC Servo System Market Outlook – 2027
The global AC servo system market is experiencing a significant growth, and is expected to grow considerably in the next few years. AC servo system comprises three main components: a motor, a drive, and a feedback mechanism. This system is used to obtain precise position control and used in automation of industrial processes. They have emerged as one of the advanced technologies in motion and position control, owing to their advanced design methods and high force magnet materials.
With most industries shifting their focus toward automation, reducing labor costs and wastage, maintaining high level of precision. and increasing production output, the use and deployment of AC servo systems has increased considerably in sectors such as food processing, automotive & transportation, textiles, pharmaceuticals and healthcare.
The global AC servo system market is segmented on the basis of product, system type, communication protocol, end users and region. Based on product, the market is divided into motors and drives. In terms of system type, the market is categorized into linear system and rotary system. On the basis of communication protocol, the market is divided into industrial ethernet, fieldbus, and wireless. On the basis of end users the market is divided food processing, automotive & transportation, textiles, pharmaceuticals & healthcare, electronics & semiconductors, printing & paper, packaging, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global AC servo system industry include Schneider Electric, FANUC Corp, ABB Ltd, Siemens AG, Delta Electronics, Yaskawa Electric Corporation, Rockwell Automation Inc., Kollmorgen Corp., Bosch Rexroth AG, Mitsubishi Electric Corporation and others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global AC servo system market.
COVID-19 Scenario Analysis
- Global AC servo system market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have significant led to decline in demand for AC servo system.
- Global factories have struggled to manufacture and integrate new systems as workers have stayed in their homes, which have threatened the global supply chains.
- The AC servo system market would be less impacted than other markets for non-essential goods and services as these systems are essential part of automation. Moreover, the world would be shifting more toward automation so that no other pandemic can disrupt production.
- This COVID-19 crisis is expected to provide opportunities for companies to invest, implement, and research in technologies, which involve less human touch. For instance, combination of AI and automation.
Top Impacting Factors
As the Industry 4.0 is trending across the globe, demand for AC servo systems is likely to grow in the future. Automation and use of AI in industries has resulted into low cost, high production, reduced man power, and more precision in recent years. Growing industry 4.0 has created many opportunities for various industries to switch to AC servo systems rather than using conventional motors.
Shifting to using AC servo systems would help in enhancing overall production and streamline operations. The use of conventional motors in many small-scale industries and stepped motors hinder the market growth. Moreover, IOT, AI, cloud computing, development of low inertia, and highly dynamic AC servo systems are expected to drive the market globally.
New Product Launches to Flourish the Market
Rockwell Automation launched and released Linetix VPC AC servo systems in March 2020. These new AC servo systems have higher energy efficiencies and are better at performance than previous versions. By using this product torque ripple can be reduced and has its applications in high quality printing.
As products are developed according to its industrial uses, AC servo systems have flourished the market. AC servo systems provide more precision than conventional servo motors, so their demand is expected to increase further.
Surge in Use in Automotive & Transportation Sectors
Major investments in the automotive & transportation sector across the globe to enhance operations of manufacturing companies drive growth of the AC servo system industry. This has led to increase in usage of industrial arms, robots, and AI to enhance efficiency and productivity of industrial applications. As the demand for robot arm is increasing, owing to increase in demand for consumer electronics, home appliances and others, it further propels the market growth. The demand for electric and hybrid automobiles across the globe, owing to government norms also lead to increase in adoption of AC servo systems globally.
Key Benefits of the Report
- This study presents the analytical depiction of the global AC servo system market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global AC servo system market share.
- The current market is quantitatively analyzed to highlight the global AC servo system market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global AC servo system market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the AC Servo System Market Research Report
- Who are the leading market players active in the AC servo system market size?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the AC servo system market trends?
- What are the projections for the future that would help in taking further strategic steps?
AC Servo System Market, by Product Report Highlights
| Aspects | Details |
 By Product |
|
 By System Type |
|
 By Communication protocol |
|
 By End users |
|
 By Region |
|
 Key Market Players | ABB Ltd, Siemens AG, Rockwell Automation Inc., Delta Electronics, Yaskawa Electric Corporation, Kollmorgen Corp., Bosch Rexroth AG, Mitsubishi Electric Corporation, Schneider Electric, FANUC Corp |
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