Global Linear Motor Market growing at a CAGR of 6.7% from 2023 to 2030

Category : Semiconductor And Electronics | Published Date : Aug 2023

Key Market Overview

The linear motor market is expected to reach USD 2,838.45 million by 2030. The market, which was valued at USD 1,722.36 million in 2022, is predicted to grow at a compound annual growth rate of 6.7% during the period 2023-2030.

The report highlights the increasing adoption of linear motors in various electronics and consumable goods including hard drives, printers, optical disc drives, and home appliances. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional Core, and emerging technologies in the linear motor market.

Global Linear Motor Market By Overview

Global Linear Motor Market

Consegic Business Intelligence provided an inclusive research report on the linear motor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. U-channel linear motors are predicted to witness the fastest CAGR as the motors offer a more cost-effective solution compared to flat linear motors. Additionally, U-channel linear motors are relatively easy to integrate into existing systems and structures, thus becoming a viable option for retrofitting or upgrading older equipment and machinery. Moreover, U-channel linear motors provide substantial force output, suitable for applications that require heavy-duty operation including material handling, metal cutting, and industrial automation. Furthermore, the motors are designed to accommodate various lengths and configurations, offering improved reliability and reduced maintenance requirements. Consequently, the aforementioned factors are expected to bolster the growth of U-channel linear motors during the forecast period.

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Market Dynamics

Driver:

 

  • Increasing adoption of linear motors for various industrial robotic applications is driving the market growth.
  • Growing adoption of linear motors in electronics and consumer goods is propelling market growth.
  • Increasing adoption of linear motors in conveyors, enabling smooth and continuous motion, reducing the risk of jams, and improving overall throughput.

 

Restraints:

  • Presence of built-in device protection in smartphones and tablets including reinforced glass and water resistance tempered glass is restraining the growth of the market.
  • Inefficient heat transfer through rubber and plastic covers leading to heat dissipation is hampering market growth.

Market Segmentation:

Report Attributes Report Details
By Shape U-Channel Linear Motor, Flat-type Linear Motor, and Cylindrical Linear Motor
By Core Iron core Linear Motor and Ironless Linear Motor
By Axis Single-axis and Multi-axis
By Distribution Channel Direct OEMs, Distributors, and Direct System Integrators
By Application Wafer and Die Level Packaging, Process Control, Machine Tooling, Robotics, Photovoltaic, Optics, Medical Instruments, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

As per the study, the market is dominated by certain major companies such as Aerotech Inc., ETEL S.A., KML Linear Motion Technology GmbH, and Kollmorgen Corporation that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, core innovations, and business strategies. Thus, evolving research and developments in the linear motor market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • Aerotech Inc.
  • ETEL S.A.
  • KML Linear Motion Technology GmbH
  • Kollmorgen Corporation
  • Moog Inc.
  • NTI AG LinMot
  • PiezoMotor Uppsala AB
  • Yaskawa Electric Corporation
  • NUM