Servo Actuators Market

Servo Actuators: Introduction

• The basic theory of actuation revolves around the concept of remotely providing the motion required to perform a task. The term "servo" refers to the control mechanism that converts electricity into precise controlled motion.
• Servo actuators are devices used to rotate or push parts of a machine with precision. Servo actuators are mechanical and electromechanical devices which are used to control motion. They can convert any form of energy usually electrical into motion.
• A servo actuator is a device used to perform a wide range of remote, automatic switching, or actuation movement based on feedback signals from the system on which it is used. Servo actuators are used in a wide range of remotely-controlled or automated systems ranging in size from tiny optic auto focus systems to large automated targeting systems on naval guns. The market for servo actuators is expected to expand during the forecast period due to its wide range of applications.

Key Drivers, Opportunities, and Restraints of the Global Servo Actuators Market

• Aircraft manufacturers are primarily using servo actuators because of its benefits such as low weight, and increased efficiency. This is fueling the growth of the servo actuators market. Servo actuator is an efficient device used in the aerospace manufacturing process. The rise in air passenger travel from various emerging economies has led to increased aircraft deliveries, thus driving the growth of the servo actuators market. The use of Fly-by-Wire (FBW), an automated flight control system of aeronautical vehicles has increased steadily in recent years. Such systems use servo actuators to position the maneuvering surfaces of airplanes and regulates the speed of the aircraft by rotating a shaft connected to the engine throttle.
• Automation is the ongoing trend in industries. Servo actuators allow remote monitoring and precise movement control so as to provide greater efficiency and increased production, thereby fueling the market growth.
• Moreover, development of smart cities across the globe has resulted in growing adoption of servo actuators in application areas such as oil and gas, construction, renewable energy, medical, and agricultural equipment, which is a key factor driving the growth of the global servo actuators market.
• Furthermore, increase in investment and continuous technological advancements in actuators technology to carry out the automation process in end-use industries, and a decrease in cost are anticipated to provide potential growth opportunities for the servo actuators market.
• The major restraint of the servo actuators market is the high cost associated with manufacturing the equipment. Another factor that can hamper the market is the risk of failure of the actuators as maintaining them is a complicated process. These are major challenging factor expected to hinder the global servo actuators market.

Asia Pacific to Hold Major Share of the Global Servo Actuators Market

• Asia Pacific accounts for a prominent share of the global servo actuators market owing to rapid industrialization and urbanization in the region. Presence of numerous manufacturers in countries such as China and Japan who are focused on enhancing their production and manufacturing capabilities in the automation sector is likely to boost the market.
• On the other hand, North America is also anticipated to emerge as a dominant market due to rising demand for servo actuators from aerospace applications. The market in Europe is estimated to expand at a notable growth rate during the forecast period as it is the manufacturing hub of the automobile industry. The market in Europe is likely to be followed by markets in the Middle East, Africa, and South America during the forecast period.

Key Players Operating in the Global Servo Actuators Market Include:

• ASCON TECNOLOGIC S.r.l
• Chengdu Fuyu Technology Co., Ltd
• CITIZEN CHIBA PRECISION CO., LTD.
• DGR Electric Cylinder Technology Co., Ltd
• IntelLiDrives, Inc.
• Moog GmbH
• MotiCont
• Harmonic Drive AG
• ATB Automation
• DGR Electric Cylinder

Global Servo Actuators Market: Research Scope

Global Servo Actuators Market, by Type

• AC Servo Actuators
• DC Servo Actuators

Global Servo Actuators Market, by Movement

• Linear
• Rotary

Global Servo Actuators Market, by Application Industries

• Automotive
• Aerospace
• Construction
• Oil & Gas
• Others (Metallurgy, Machine Tools & Simulators, etc.)

Global Servo Actuators Market, by Price

• Low
• Medium
• High

Global Servo Actuators Market, by Distribution Channel

• Direct
• Indirect

Global Servo Actuators Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America