Market Overview:
This global linear motor market was marked at USD 1140.3 million in 2017, and it is anticipated to grow at a higher CAGR of 5.74% in the global market during the forecasted period to account for a higher market share value of approximately USD 1.60 billion by the end of the forecasted period.
For producing high force at low speeds, linear motors are used. It has similar functioning as that of torque motors but has a different structure. The former is rolled out flat whereas the latter has a crystal structure type. Using various types of motor design helps in eliminating maintenance issues, wear issues, and backlash issues that are found in the belt, ball screw, and other opinion-based and rack motion control systems.
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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.
Segments:
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.
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