The global stepper system market size reached US$ 3.2 Billion in 2023. Looking forward, the market is projected to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.86% during 2023-2032.
The stepper system refers to an integrated solution consisting of high-performance micro-stepping drives with high-torque stepper motors in various mechanical devices. The system primarily consists of a stepper motor that acts as an electrochemical device that converts electrical power into mechanical power, along with single and dual-shaft motors, power supplies, interface cables and configuration software. It is commonly utilized for providing accurate control of position and velocity and is used for applications that require accurate positioning and speed control, such as in 3D printing equipment, textile machines, printing presses, medical imaging equipment and robotics.
Significant growth in the robotics industry across the globe is one of the key factors driving the growth of the market. Furthermore, the increasing utilization of automated equipment across industries is another factor providing a boost to the market growth. There is widespread adoption of stepper motors in industrial machines and robots as they can be easily deployed and offer superior performance. Also, the development of miniaturized motors has enhanced the product adoption across applications that require superior torque speed, precision and efficiency.
Additionally, technological advancements, including the integration of input/output (I/O) terminals in stepper motors, which offer various operational advantages, such as cost-efficiency and ease of use in machinery with spatial constraints, are creating a positive outlook for the market. Other factors, including rapid industrialization and extensive research and development (R&D) activities, are projected to drive the market further.
2. What is the expected growth rate of the global stepper system market during 2024-2032?
3. What are the key factors driving the global stepper system market?
4. What has been the impact of COVID-19 on the global stepper system market?
5. What is the breakup of the global stepper system market based on the component type?
6. What is the breakup of the global stepper system market based on the end use?
7. What are the key regions in the global stepper system market?
8. Who are the key players/companies in the global stepper system market?
The stepper system refers to an integrated solution consisting of high-performance micro-stepping drives with high-torque stepper motors in various mechanical devices. The system primarily consists of a stepper motor that acts as an electrochemical device that converts electrical power into mechanical power, along with single and dual-shaft motors, power supplies, interface cables and configuration software. It is commonly utilized for providing accurate control of position and velocity and is used for applications that require accurate positioning and speed control, such as in 3D printing equipment, textile machines, printing presses, medical imaging equipment and robotics.
Significant growth in the robotics industry across the globe is one of the key factors driving the growth of the market. Furthermore, the increasing utilization of automated equipment across industries is another factor providing a boost to the market growth. There is widespread adoption of stepper motors in industrial machines and robots as they can be easily deployed and offer superior performance. Also, the development of miniaturized motors has enhanced the product adoption across applications that require superior torque speed, precision and efficiency.
Additionally, technological advancements, including the integration of input/output (I/O) terminals in stepper motors, which offer various operational advantages, such as cost-efficiency and ease of use in machinery with spatial constraints, are creating a positive outlook for the market. Other factors, including rapid industrialization and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global stepper system market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component type and end-use.Breakup by Component Type:
- Stepper Motors
- Stepper Drives
Breakup by End-Use:
- Industrial Machinery
- Medical Devices
- Semiconductor Machinery
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being ABB, Beckhoff Automation, MinebeaMitsumi, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Parker Hannifin, Sanyo Denki Co. Ltd., Schneider Electric SE, etc.Key Questions Answered in This Report
1. What was the size of the global stepper system market in 2023?2. What is the expected growth rate of the global stepper system market during 2024-2032?
3. What are the key factors driving the global stepper system market?
4. What has been the impact of COVID-19 on the global stepper system market?
5. What is the breakup of the global stepper system market based on the component type?
6. What is the breakup of the global stepper system market based on the end use?
7. What are the key regions in the global stepper system market?
8. Who are the key players/companies in the global stepper system market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Stepper System Market
6 Market Breakup by Component Type
7 Market Breakup by End-Use
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ABB
- Beckhoff Automation
- MinebeaMitsumi
- Nidec Corporation
- Nippon Pulse Motor Co. Ltd.
- Oriental Motor Co. Ltd.
- Parker Hannifin
- Sanyo Denki Co. Ltd.
- Schneider Electric SE
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 3.2 Billion |
| Forecasted Market Value ( USD | $ 4.5 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
