The linear motor market was valued at USD 1.88 billion in the previous year and is expected to register a CAGR of 5.49%, reaching 2.46 billion by the next five years. A linear motor is a rotary electric motor that can produce linear motion without contacting parts. This helps in eliminating backlash, windup, and maintenance issues. Thus, there is a growing demand for linear motors in machine tools, semiconductor equipment, electronic manufacturing, and many other industrial motion control applications. There is also a rising availability of custom linear motors for various industry applications.
The Linear Motor Market is fragmented because of the presence of several companies. Some key players are ETEL SA, Mitsubishi Electric Corporation, Tecnotion, Rockwell Automation, Aerotech, Inc., Fanuc Corporation, Hiwin Corporation, Sinotech, Inc., Faulhaber Group, Yaskawa Electric Corporation., etc. Key players in this market are introducing new innovative products and forming partnerships and collaborations to gain competitive advantages.
In October 2022, NUM Group, a machine automation manufacturer and Computerized Numerical Control specialist launched its new series of brushless linear servo motors designed for continuous duty cycle applications in machine tools. The company's LMX series linear motors can help mitigate the effect of arduous operating conditions. Robust stainless steel and integrated cooling circuits maximize the flow rate in the primary coil section, which minimizes cogging forces and reduces thermal losses.
In April 2022, Motors and generators company Sanyo Denki Co., Ltd. developed an energy-efficient linear servo motor with fast acceleration and deceleration to expand its servo system lineup. The linear motor accelerates equipment faster, shortens the cycle time, and increases productivity. The new product is for high-speed drive equipment applications such as conveyor machines and feed axes of PCB surface mounters. Reduced power loss offered by the motor makes equipment more energy efficient, consistently providing high precision.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook