Robotic Smart Motors Market Report 2024

The robotic smart motors market size has grown strongly in recent years. It will grow from $3.72 billion in 2023 to $3.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The increase in the historic period was driven by rising demand for automation in manufacturing, a focus on precision and accuracy in manufacturing processes, government initiatives supporting industrial automation, the trend towards miniaturization of components, and improvements in energy efficiency standards.

The robotic smart motors market size is expected to see strong growth in the next few years. It will grow to $4.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. Anticipated growth in the forecast period is attributed to expansion in the automotive and electronics sectors, increasing complexity in manufacturing processes, advancements in software capabilities for motor control, the emergence of collaborative robots (cobots), and the rise of industrial robotics. Key trends expected in this period include progress in sensor technology, technological innovations in motor control systems, integration of AI and machine learning in robotics, demand for smart and connected devices, and the adoption of Industry 4 principles.

The increasing adoption of Internet of Things (IoT)-based applications is set to drive growth in the robotic smart motors market in the coming years. IoT applications involve the integration and utilization of interconnected devices and systems that collect, transmit, and analyze data to automate processes and generate insights across sectors such as manufacturing, healthcare, and smart cities. This adoption is spurred by advancements in sensor technology, the proliferation of connected devices, demand for real-time data analytics, operational cost efficiencies, and the push towards automation and digital transformation across industries. Robotic smart motors play a crucial role in enhancing IoT applications by enabling precise control, real-time data monitoring, and automation capabilities, thereby improving efficiency and performance across various industries. For example, Ericsson reported in September 2022 that global IoT connections reached 13.2 billion in 2022 and are projected to grow by 18% to 34.7 billion connections by 2028. Consequently, the increasing adoption of IoT-based applications is fueling growth in the robotic smart motors market.

Key players in the robotic smart motors market are concentrating on developing advanced products such as highly programmable servosystems that integrate smart motors to gain a competitive advantage. These systems enable precise motion control and automation through integrated intelligence and programmability, making them suitable for applications in robotics, industrial automation, and autonomous vehicles. They facilitate adaptive and efficient operations in complex environments, enhancing productivity and flexibility in diverse applications. For instance, Moog Animatics launched its new Class 6 D-style SmartMotor in April 2022, expanding its SmartMotor line with a state-of-the-art model capable of delivering up to 1 kW of power in a compact design. The motor features an absolute multi-turn battery-less encoder, a broader ambient operating temperature range (-20° to 105°C), industry-standard 24 VDC I/O, a separate 24V supply for logical backup, and is available in NEMA 17, 23, and 34 frame sizes with inline brake options. It also offers easy diagnostics via USB and includes Combitronic technology as a standard feature.

In October 2023, Rockwell Automation Inc., a US-based provider of industrial automation and digital transformation technologies, completed the acquisition of Clearpath Robotics Inc. for an undisclosed sum. The acquisition encompasses Clearpath Robotics’ research division, renowned for pioneering autonomous technology in the innovation market, and OTTO Motors, its industrial division specializing in Autonomous Mobile Robots (AMRs). Clearpath Robotics Inc., headquartered in Canada, is recognized for its robotic smart motors and contributions to advancing industrial automation and transformation.

Major companies operating in the robotic smart motors market are General Motors, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Nidec Corporation, Rockwell Automation Inc, WEG S.A., Yaskawa Electric Corporation, Moog Inc, Sick AG, Amazon Robotics LLC, Lenze GmbH & Co KG, Cruise LLC, Oriental Motor, Innovation First International Inc., Lin Engineering, Aeolus Robotics, Robeteq Inc, RobotShop Inc, Aerobotix, Accio Robotics, Technosoft SA.

North America was the largest region in the robotic smart motors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic smart motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the robotic smart motors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Robotic smart motors integrate sensors and control electronics to achieve precise motion control and automation in robotics, industrial automation, and autonomous vehicles. They facilitate high-precision movement, optimize energy consumption, and seamlessly integrate with advanced control systems, thereby enhancing productivity and adaptability across various applications.

The hardware and software constitute the primary components of robotic smart motors. The hardware includes physical elements such as sensors, actuators, and mechanical components essential for enabling robot movement and functionality. These motors are utilized in both commercial and defense sectors, operating at voltages ranging from 12v to above 48v.

The robotic smart motors market research report is one of a series of new reports that provides robotic smart motors market statistics, including robotic smart motors industry global market size, regional shares, competitors with a robotic smart motors market share, detailed robotic smart motors market segments, market trends and opportunities, and any further data you may need to thrive in the robotic smart motors industry. This robotic smart motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The robotic smart motors market consists of sales of servo motors, stepper motors, piezoelectric motors, direct drive motors and brushless DC motors with integrated controllers and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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