Linear Motor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.49 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Linear Motor Market Analysis
The linear motor market was valued at USD 1.88 billion in the previous year and is expected to register a CAGR of 5.49%, reaching 2.46 billion by the next five years. A linear motor is a rotary electric motor that can produce linear motion without contacting parts. This helps in eliminating backlash, windup, and maintenance issues. Thus, there is a growing demand for linear motors in machine tools, semiconductor equipment, electronic manufacturing, and many other industrial motion control applications. There is also a rising availability of custom linear motors for various industry applications.
- The cylindrical motor segment is anticipated to witness robust growth in the linear motor market during the forecast period. A cylindrical linear motor is a highly rigid machine with smooth axis movement. The broader use of linear motors in cars to automate their performance is accelerating the market growth in the automotive sector. As the automotive industry is rapidly evolving, there is a surge in demand for linear motors to provide convenience and safety to drivers. Growth in automotive manufacturing will likely boost the demand for linear motors in production line transport, handling, positioning, sorting, and material provisioning.
- Asia Pacific is anticipated to grow significantly in the global linear motor market. Tecnotion, a leading direct drive components manufacturer, recently opened its new sales office in Suzhou, China, as an essential step towards continuous international expansion. China stands as a potential growth market for the company's high-performance products and vast industry knowledge in the linear motion industry. Growing technological advancements are aiding linear motors' development to meet the market demands in the Asia Pacific region.
- The growing rate of high-performance industrial automation is fuelling the adoption of linear motors globally. Asia is regarded as the world's largest market for the deployment of industrial robots. China, Japan, and the Republic of Korea are significant markets for annual industrial automation installations in Asia Pacific. Such data indicates the region's growth of linear motors in the coming years.
- In the current year, Siemens presented its investment strategy of USD 2 billion for a new high-tech factory in Singapore to serve Southeast Asia's booming intelligent hardware technologies market. The company also announced an investment of USD 215 million in the factory to incorporate highly automated manufacturing processes.
- The COVID-19 pandemic encouraged industries to adopt industrial automation to manage operations better. With the need to manage high-velocity operations with limited and expensive labor resources, the demand for automated equipment has risen. Following this trend, manufacturers are expected to increase automated manufacturing post-COVID-19 to mitigate global supply chain risks. This is likely to boost the adoption of the linear motor market across the globe in the post-pandemic era.
Linear Motor Market Trends
Optimum Control Characteristics of Linear Motors to Propel the Growth of the Market Studied
- A high-performance linear motion system enables performance requirements to be met precisely and adapts to industry-specific applications. As a result, linear motion system manufacturers focus on unique designs to achieve optimized control and better-traversing quality. This also enables original equipment manufacturers (OEMs) to optimize 'cogging,' a force ripple occurring frequently in iron-core linear motors.
- Growing demands for dynamic characteristics of linear motors are encouraging manufacturers to collaborate and cooperate with automation specialists to achieve their objectives. There is a rising demand for lightweight linear servo drives, which can be more energy efficient than conventional mechanical drive systems and with solid control technology.
- Sophisticated motion controllers and servo drives provide enhanced control characteristics to the motion of the linear motor. OEMs are, therefore, introducing new modular designs in linear motors through innovation. Linear motors with best-in-class control technology offer faster, precise, and reliable motion control capabilities for various applications. The advantage of linear motors in terms of stiffness and frequency response compared to traditional motors is anticipated to propel the global linear motor market growth.
- There is a growing demand for linear motors in the electronics and semiconductor industries for applications such as wafer handling, inspection, testing, assembly, and packaging, among others. The ability of the linear drives to effectively control the challenges, such as high precision, high dynamics, and low maintenance, in the electronics and semiconductor industries, enables authorities to secure long-term, sustainable competitive advantages.
- As the global electronics industry evolves, the need for microchips is proliferating. The growing establishment of semiconductor manufacturing hubs worldwide has increased the demand for robotics and automation to produce microchips. High-control linear motors can assist through a wide range of semiconductor applications from the wafer level, through inspection to pick and place and measurement requirements.
Asia Pacific Expected to Dominate the Global Linear Motor Market
- The Asia Pacific region accounts for the world's largest industrial automation market. The International Federation of Robotics states that China is the largest adopter of industrial robotic systems in Asia Pacific, followed by Japan. High accuracy, speed, and responsiveness are likely to boost the demand for linear motors in robotics, CNC machines, and automation systems.
- Industries in Asia Pacific have adopted the U-shaped linear motor for the pick and place procedure to avoid damaging materials during production. Linear servo drives feature a customized development platform for precise pick and place motion. The personalized development platform enhances operational speed and efficiency while achieving precise control.
- The Asia Pacific linear motor market presents significant growth opportunities for many countries. Malaysia, Singapore, Taiwan, and Thailand are some of the most preferred sites for relocating electronics companies. India and Vietnam have become important hubs in recent years, mainly due to their low labor costs and proximity to crucial final markets.
- The Fourth Industrial Revolution involved equipping factories with advanced hardware and software that promoted greater efficiency. With rapid advancements in Industry 4.0, Southeast Asian countries are incorporating digital technology in manufacturing to improve productivity. According to the Wisconsin Economic Development Corporation, Singapore recently announced a ten-year roadmap to grow its manufacturing sector by 50 percent by the end of this decade. Similarly, Malaysia plans to increase its industrial productivity by 30 percent within the same time.
- Growing trends of advanced manufacturing and Industry, 4.0 in Asia Pacific will provide opportunities for businesses in the linear motor market to achieve operational accuracy and efficiency, thereby promoting regional market growth.
Linear Motor Industry Overview
The Linear Motor Market is fragmented because of the presence of several companies. Some key players are ETEL SA, Mitsubishi Electric Corporation, Tecnotion, Rockwell Automation, Aerotech, Inc., Fanuc Corporation, Hiwin Corporation, Sinotech, Inc., Faulhaber Group, Yaskawa Electric Corporation., etc. Key players in this market are introducing new innovative products and forming partnerships and collaborations to gain competitive advantages.
In October 2022, NUM Group, a machine automation manufacturer and Computerized Numerical Control specialist launched its new series of brushless linear servo motors designed for continuous duty cycle applications in machine tools. The company's LMX series linear motors can help mitigate the effect of arduous operating conditions. Robust stainless steel and integrated cooling circuits maximize the flow rate in the primary coil section, which minimizes cogging forces and reduces thermal losses.
In April 2022, Motors and generators company Sanyo Denki Co., Ltd. developed an energy-efficient linear servo motor with fast acceleration and deceleration to expand its servo system lineup. The linear motor accelerates equipment faster, shortens the cycle time, and increases productivity. The new product is for high-speed drive equipment applications such as conveyor machines and feed axes of PCB surface mounters. Reduced power loss offered by the motor makes equipment more energy efficient, consistently providing high precision.
Linear Motor Market Leaders
ETEL SA
Mitsubishi Electric Corporation
Rockwell Automation
YASKAWA ELECTRIC CORPORATION.
Hiwin Corporation
*Disclaimer: Major Players sorted in no particular order
Linear Motor Market News
- February 2023 - Faulhaber, a leading precision miniature and micro drive system supplier, launched its new compact linear actuator for various applications. The linear actuator L series can be combined with a range of DC motors, brushless motors, or stepper motors to leverage the torque and speed range best. The smaller versions, 6 L, 8 L, and 10 L, are ideal for medical applications. The all-new series provides high performances in compact dimensions and supports considerable input speed or high output force.
- December 2022 - ETEL S.A., a leading provider of linear motors and supplier of motion control components and integrated systems, introduced its new MWD+, a magnet-track family compatible with its existing LMG and LMS linear motor products. With its new range of powerful magnets, ETEL allows customers to boost the performance of LMG or LMS linear motors without any upgrades or mechanical changes.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Macro-economic factor and its Impact on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Industrial Automation is fuelling the demand for linear motors
5.1.2 Growing demand for high performance linear motor in the semiconductor industry
5.2 Market Restraints
5.2.1 High Initial Investment
5.2.2 Increased power consumption for high load applications
6. MARKET SEGMENTATION
6.1 By Design
6.1.1 Cylindrical
6.1.2 Flat Plate
6.1.3 U-Channel
6.2 By Application
6.2.1 Building and Construction
6.2.2 Electrical and Electronics
6.2.3 Food and Beverage
6.2.4 Textile
6.2.5 Agriculture
6.2.6 Automotive
6.2.7 Others
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 ETEL SA
7.1.2 Mitsubishi Electric Corporation
7.1.3 Tecnotion
7.1.4 Rockwell Automation
7.1.5 Aerotech, Inc.
7.1.6 FANUC CORPORATION
7.1.7 Hiwin Corporation
7.1.8 Sinotech, Inc.
7.1.9 FAULHABER GROUP
7.1.10 YASKAWA ELECTRIC CORPORATION.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Linear Motor Industry Segmentation
The growing demand for efficient straight-line motion for high-speed ground transportation, processing, packaging, robotics, and automation applications is propelling the growth of the global linear motor market. Growing advantages of linear motors over conventional motors, such as easy control, stable operation, and reduced maintenance cost, are likely to boost the growth of the linear motor market in various industrial applications across the globe.
The linear motor market is segmented by design (cylindrical, flat plate, and u-channel), application (building and construction, electrical and electronics, food and beverage, textile, agriculture, automotive, and other applications), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Design | |
| Cylindrical | |
| Flat Plate | |
| U-Channel |
| By Application | |
| Building and Construction | |
| Electrical and Electronics | |
| Food and Beverage | |
| Textile | |
| Agriculture | |
| Automotive | |
| Others |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East & Africa |
Frequently Asked Questions
What is the current Linear Motor Market size?
The Linear Motor Market is projected to register a CAGR of 5.49% during the forecast period (2024-2029)
Who are the key players in Linear Motor Market?
ETEL SA, Mitsubishi Electric Corporation, Rockwell Automation, YASKAWA ELECTRIC CORPORATION. and Hiwin Corporation are the major companies operating in the Linear Motor Market.
Which is the fastest growing region in Linear Motor Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Linear Motor Market?
In 2024, the Asia Pacific accounts for the largest market share in Linear Motor Market.
What years does this Linear Motor Market cover?
The report covers the Linear Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Linear Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Linear Motor Industry Report
Statistics for the 2024 Linear Motor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Linear Motor analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
