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Linear Motor Market will Reach Revenues Worth US$ 2 Billion by 2031

By Supriya Bhor·Published February 1, 2022·Updated February 3, 2022·Business news

Linear Motor Market

The global linear motor market is expected to approach US$ 2 billion in value by 2031, growing at a CAGR of nearly 6% from 2021 to 2031. A growing number of technology developments in industrial production, such as additive manufacturing and robotic automation, have paved the road for linear motor adoption.

The need for durable linear motors in the electronics and assembly industry is expected to outstrip all others, owing to a growth in electronic consumption across a variety of industrial verticals. In addition, demand for coreless linear motors is predicted to increase significantly. Fact.latest MR’s study examines global linear motor sales in 20+ high-growth markets, as well as the impact COVID-19 has had on the industrial goods domain in general and linear motor demand in particular.

Key Market Segments Covered

The Competitive Landscape of the Linear Motor Market

The following are notable market developments:

Aerotech Inc. and Micronix USA announced a strategic agreement in January 2019 to provide complementary precision motion products to the industrial and research markets, with a focus on easy-to-use nanopositioning solutions.
ANCA Group launched the LinX M series of tubular linear motors in April 2019 to meet demanding automation applications while enhancing efficiency in a small footprint.
BOSCH Rexroth announced the new RM10-MPP and RM15-MPP mid-pressure load sensing valve platforms in 2021, which are simple to use for today’s functional demands and can be readily incorporated into energy-efficient systems.

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