Servo drive market recovering

The worldwide market for servo drives is expected to grow at a compound annual growth rate (CAGR) of 7.2% during the next five years from $2.067 billion in 2001 to more than $2.922 billion in 2006, according to a new study, "Servo Drive Market Outlook," by ARC Advisory Group. Overall, the study found that demand for servo drives is recovering.

09/01/2003


The worldwide market for servo drives is expected to grow at a compound annual growth rate (CAGR) of 7.2% during the next five years from $2.067 billion in 2001 to more than $2.922 billion in 2006, according to a new study, "Servo Drive Market Outlook," by ARC Advisory Group. Overall, the study found that demand for servo drives is recovering. The market's growth will remain unabated well beyond the foreseeable horizon because they are required in all types of motion control applications. Intelligent motion control systems applied to computer numerical control, robotics, and general motion control systems all require high-performance servo drives to interface with servo motors. As motion control systems are unbundled, this trend has led to greater integration with entire automation systems.





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