According to our latest study on "Servo Drives Market Forecast to 2031 - Global and Regional Share, Trend, and Growth Opportunity Analysis - by Drive, Category, Voltage, and Application," the market was valued at US$ 6.34 billion in 2024, and the Servo Drives market size is projected to reach US$ 9.28 billion by 2031. The Servo Drives market is expected to record a CAGR of 5.8% from 2025 to 2031.

Surge in Electric Vehicle Production to Provide Lucrative Opportunities for Servo Drives Market Growth During the Forecast Period

According to recent data from the International Energy Agency (IEA), global electric car sales exceeded 17 million units in 2024, capturing over 20% of total vehicle sales worldwide. Remarkably, the additional 3.5 million electric cars sold in 2024 compared with the previous year and has more than global EV sales recorded in 2020, highlighting an unprecedented acceleration in adoption. Further, electric car sales are projected to exceed 20 million units in 2025, representing more than 25% of all new vehicle sales globally. Moreover, the first quarter of 2025 saw a 35% year-over-year increase in EV sales, signaling continued robust demand. The rapid expansion of the electric vehicle (EV) presents a compelling opportunity for the servo drive market, driven by the increasing complexity and automation requirements in EV manufacturing processes. As automakers accelerate the transition from internal combustion engines to electric powertrains, production lines are undergoing significant modernization to accommodate new assembly techniques, battery manufacturing operations, and quality control measures. Servo drives play a critical role in this transformation by providing the precise motion control needed in numerous EV production stages, including battery cell assembly, module packaging, motor winding, and vehicle assembly. High-precision servo drives enable accurate positioning, speed control, and torque management essential for robotic arms, automated guided vehicles (AGVs), and other automated systems deployed throughout EV factories. They also contribute to enhanced flexibility and scalability, allowing manufacturers to quickly adapt their production lines to the requirements of different EV models and battery configurations. This is crucial in a market characterized by rapid innovation and customization

Key Findings of Servo Drives Market Study:

The Servo Drives market analysis has been carried out by considering the following segments: drive, category, voltage, and application. In terms of drive, the market is bifurcated into AC and DC. Based on the category, the market is divided into digital and analog. In terms of voltage, the market is segmented into low, medium, and high. Based on application, the servo drives market is divided into oil and gas, metal and mining, packaging, automotive, semiconductor and electronics, pharmaceutical and healthcare, and others. The semiconductor and electronics segment held the largest servo drives market share in 2024.

In terms of drive, the market is bifurcated into AC and DC. AC servo drives play a critical role in managing AC servo motors, which are recognized for their high efficiency and reliability. Engineered for high-performance operations, these drives transform AC electrical input into precisely controlled output, allowing for accurate and responsive motor control. Their ability to handle rapid shifts in speed and position makes them essential in sectors such as industrial automation, robotics, and CNC machinery. Most AC servo motors utilize brushless technology, which extends their operational life and reduces maintenance needs. The integration of brushless technology with advanced control systems delivers superior torque and speed regulation, which is essential for performing dynamic, high-precision tasks with maximum efficiency. The use of advanced technology and sophisticated components in AC servo drives results in higher cost and greater complexity compared to DC servo drives.

Moreover, factor such as Surge in Demand for automation and industrial robots and advancements in technology propel the Servo Drives market growth. Also, rising popularity of advanced feedback systems is expected to bring new servo drives market trends in the coming years.

The scope of the servo drives market report is primarily divided into North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific accounted for the largest servo drives market share in 2024.

ABB Ltd, Fuji Electric Co Ltd, Hitachi Ltd, Bosch Rexroth AG, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Infranor, and Beckhoff Automation GmbH & Co. KG are among the key players profiled in the servo drives market report.

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