Linear Motors Market 2020 is expected to be driven primarily by the global expansion of the Industrial Automation market
The linear motor market is growing rapidly across the globe. The market growth attributes to the increasing application of linear motors in various industries, including semiconductors, automotive, electronics, and robotics. Besides, the spurring rise in industrial automation worldwide creates substantial market demand. The growing adoption of linear motors in burgeoning electronics, semiconductors, and packaging sectors escalates the market growth.
According to Market Research Future (MRFR), the global linear motor market is projected to garner a valuation of approximately USD 1,579.4 MN by 2023, growing at 5.74% CAGR during the forecast period (2018 – 2023). The market is vastly dependent on automobile sales and is driven by the increase in automotive production. Also, rising usages of linear motor across the end-use industry boost market growth. Technological advances in linear motors accelerate market growth.
Global Linear Motor Market – Segments
The report is segmented into three dynamics;
By Type : Cylindrical Linear Motor, U-channel Linear Motor, Flat-type Linear Motor, and others.
By Application: Automotive, Electronics, Semiconductor, Packaging, Machine Tool, Robotics, Printing, Medical, and others.
By Regions : Americas, Europe, APAC, and Rest of the World.
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Global Linear Motor Market – Competitive Analysis
Highly competitive, the linear motor appears to be fragmented owing to the presence of several well-established players accounting for a substantial market share. To gain a larger competitive share, players incorporate strategies such as acquisition, collaboration, partnership, expansion, and product & technology launch.
They invest substantially in new product development and geographical expansion initiatives. The market is anticipated to witness relentless innovations and new products, eventually intensifying competition among Linear motor manufacturers.
Major Players:
Players leading thelinear motor market include ETEL SA (Switzerland), Aerotech Inc. (US), Moog Inc. (US), ESR Pollmeier GmbH (Germany), Beckhoff Automation (Germany), H2W Technologies Inc. (US), Sanyo Denki Co. Ltd. (Japan), Yaskawa Electric Corporation (Japan), Kollmorgen Corporation (US), Jenny Science AG (Switzerland), Sodick Co., Ltd. (Japan), NTI AG LinMot (Switzerland), Oswald Elektromotoren GmbH (Germany), FANUC Corporation (Japan), and KML Linear Motion Technology GmbH (Austria), among others.
Linear Motor Market – Regional Analysis
The Asia Pacific region dominates the global linear motor market. The region is a hub for semiconductor technologies, driving the linear motor market. Besides, the largest market share attributes to the rising linear motor applications in wafer & dies level packaging, lithography, process control, and test & control equipment in the region. Moreover, the boom in the manufacturing industries in the region boosts the growth of the market.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Linear motor Market Segmentation
8. Linear motor Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
More…
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