Linear Motor Market Highlights
Market Research Future (MRFR) mentions in a report that the global linear motor market valuation will reach a projected figure of USD 1,579.4 million, thereby jumping from its 2017 valuation of USD 1,140.3 million. The growth of the global linear motor market is anticipated to be at a CAGR of 5.74% during the period between 2018 and 2023.
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It was reported that the burgeoning applications of linear motors across industries like automotive, robotics, semiconductor, and electronics is expected to be a major driving factor of the global market during the forecast period. The booming growth of industrial automation across the world is strikingly prompting the rising adoption of linear motors. One of the key benefits of linear motor is that it eradicates the pulley, belts, and other rotation-to-translation mechanisms that are needed for converting rotary motion to linear motion. Some of the other key advantages of linear motors include the zero backlash, high speed, increasing precision, and fast response. Linear motors hosts a number of applications including wafer inspection system in semiconductor, lithography, sensor testing, electronic device manufacturing, panel inspection in medical scanners and other electronics, microscopy in medicals, DNA micro-array spotter, and others.
The global linear motor market is segmented in terms of two key dynamics, namely application and type.
By application, the market segments into semiconductor, electronics, automotive, packaging, robotics, machine tool, medical, printing, and others.
By type, the market comprises u-channel linear motor, cylindrical linear motor, and flat-type linear motor. The flat-type linear motor segment is narrowed down into slotless iron, slotless ironless, and slotted iron.
The global linear motor market comprises numerous key players. This includes names such as H2W Technologies Inc. (US), ESR Pollmeier GmbH (Germany), Sanyo Denki Co. Ltd. (Japan), ETEL S.A (Switzerland), Moog Inc. (US), Aerotech Inc. (US), Kollmorgen Corporation (US), Beckhoff Automation (Germany), KML Linear Motion Technology GmbH (Austria), Yaskawa Electric Corporation (Japan), and others. These players are majorly contributing to the overall growth of the market.
Aside from this, some of the other emerging players include NTI AG LinMot (Switzerland), Sodick Co., Ltd. (Japan), FANUC Corporation (Japan), Jenny Science AG (Switzerland), and Oswald Elektromotoren GmbH (Germany).
May 30th, with features like internal shaft and bearing, Moticont’s newest linear DC motor, namely the GVCM-051-127-01 Linear Voice Coil Motor, was launched. The product boasts high speed, zero backlash, acceleration and deceleration, and has optimal level of accuracy and repeatability.
The global linear motor market is regionally distributed across the following regions: North America, Asia Pacific, Europe, and the Rest of the World (RoW).
Asia Pacific regional market holds the highest share in the global market and is expected to attain massive revenue during the forecast period to retain its primal spot. Linear motor holds major applications in the semiconductor sector, including lithography, wafer and die level packaging, process control, wire bonding, wafer inspection system, and test and control equipment. As Asia Pacific is one of the premier semiconductor hubs due to the presence of countries like Japan, China, South Korea, and Taiwan, the region is experiencing significant market demand of liner motors. Additionally, applications of linear motor across the electronics industry like panel inspection, metrology scanning, electronic device manufacturing, metrology scanning, sensor testing, battery testing, non-contact inspection, and laser line inspection are all expected to attract added demand for the regional market.
Following Asia Pacific, the European region is reported to hold the highest share in the global market. The region significantly contributes to the overall market growth and is expected to continue doing so in the coming years as well. Elsewhere, the North American linear motor regional market is projected to grow during the forecast period with an impressive CAGR. Lastly, the Rest of the World regional market, comprising the Middle East & Africa and Latin America, is anticipated to grow at a negligible pace over the forecast period.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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LIST OF TABLES
Table 1 Linear Motor Market, By Region, 20182023
Table 2 North America: Linear Motor Market, By Country, 20182023
Table 3 Europe: Linear Motor Market, By Country, 20182023
LIST OF FIGURES
FIGURE 1 Global Linear Motor Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Linear Motor Market
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