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Servo Motors And Drives Market size is set to grow by USD 4.37 billion from 2024-2028, Increasing demand for integrated servo motors and brushless motors boost the market, Technavio

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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global servo motors and drives market size is estimated to grow by USD 4.37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.41% during the forecast period. Increasing demand for integrated servo motors and brushless motors is driving market growth, with a trend towards technological advances and new product developments. However, intense competition among vendors poses a challenge. Key market players include ABB Ltd., ADTECH SHENZHEN TECHNOLOGY CO. LTD., Danfoss AS, Delta Electronics Inc., Emerson Electric Co., FANUC Corp., Fuji Electric Co. Ltd., Kollmorgen Corp., Mitsubishi Electric Corp., Nidec Corp., OMRON Corp., Parker Hannifin Corp., Regal Rexnord Corp., Robert Bosch GmbH, Rockwell Automation Inc., Rozum Robotics, Schneider Electric SE, SEW EURODRIVE GmbH and Co KG, Siemens AG, and Yaskawa Electric Corp..

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Servo Motors And Drives Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.41%

Market growth 2024-2028

USD 4370.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.03

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 62%

Key countries

China, US, Japan, Germany, and UK

Key companies profiled

ABB Ltd., ADTECH SHENZHEN TECHNOLOGY CO. LTD., Danfoss AS, Delta Electronics Inc., Emerson Electric Co., FANUC Corp., Fuji Electric Co. Ltd., Kollmorgen Corp., Mitsubishi Electric Corp., Nidec Corp., OMRON Corp., Parker Hannifin Corp., Regal Rexnord Corp., Robert Bosch GmbH, Rockwell Automation Inc., Rozum Robotics, Schneider Electric SE, SEW EURODRIVE GmbH and Co KG, Siemens AG, and Yaskawa Electric Corp.

Market Driver

The servo motors and drives market is experiencing significant growth due to the increasing demand for advanced servo systems in various industries. Vendors are introducing innovative products to cater to this demand. For instance, Kollmorgen launched the TBM2G series of frameless servo motors in April 2022, offering improved functionality and compact design for collaborative robots and other applications. Inovance Technology Europe GmbH introduced the SV670 servo series, along with high-performance controllers and input/output modules, in November 2022. Celera Motion, a subsidiary of Novanta Inc., launched the Everest S servo drive in October 2022, which is the smallest and fastest servo drive in the world. These product developments will boost the growth of the servo motors and drives market during the forecast period, particularly in sectors such as robotics and process industries like oil and gas and chemical and petrochemical.

The Servo Motors and Drives market is experiencing significant growth due to increasing demand in motion control applications across various industries. Linear motors and rotary motors, including AC, DC, brushless, and stepper motors, are popular choices for precision motion control in robotics and automation. Motion control technology advancements, such as closed-loop control and feedback control systems, enhance system performance and reliability. Servo drives, motor controllers, amplifiers, and power supplies are essential components of servo systems, providing speed, torque, and acceleration control. Motion control solutions cater to CNC machine advancements, robotics industry developments, and robotics regulations, ensuring high-performance and improved machine reliability. Servo accessories and mechanisms complete the servo system, offering customized solutions for specific applications. Electric motor technologies continue to evolve, driving innovation in servo motor design and drive performance.

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Market Challenges

The servo motors and drives market is experiencing significant growth due to the rising demand for automated equipment and robots in various industries. Key application areas include automobile manufacturing, packaging, food processing, healthcare, semiconductors, and robotics. In process and discrete industries, automated material handling systems are increasingly being adopted to enhance operational efficiency and reduce lead time. Hybrid servo motors, known for their precision and control, are popular choices for such equipment. By automating tasks that were previously labor-intensive and expensive, industries save on labor and equipment costs. As a result, the demand for servo motors and drives is expected to increase, fueling market growth throughout the forecast period.The Servo Motors and Drives market is experiencing significant growth due to increasing demand in motion control applications, particularly in robotics and automation industries. Challenges include ensuring motion control quality with linear motors and precision motion control systems, meeting regulations in robotics industry developments, and improving servo motor reliability and servo drive performance. Motion control solutions providers are focusing on advancing servo technologies, including motor controllers, servo amplifiers, and servo controllers, to meet these challenges. High-performance motors, such as AC, DC, brushless, and servo motors, are being developed for speed and torque control. Feedback control systems and closed-loop control advancements are also crucial for ensuring accurate positioning and improving CNC machine reliability. Servo accessories, such as servo power supplies and servo mechanisms, are essential for optimizing servo drive performance. Linear motors and rotary motors are being used interchangeably in various applications, leading to increased competition and innovation in the market. Electric motor technologies, including stepper motors and servo drives, are also evolving to meet the demands of industrial automation and motion control systems.

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Segment Overview

This servo motors and drives market report extensively covers market segmentation by

Product1.1 DC servo motors/drives1.2 AC servo motors/drivesType2.1 Rotary system2.2 Linear systemGeography3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 DC servo motors/drives- The DC servo motors and drives market is expected to grow at a slower pace compared to the AC servo motors and drives segment due to the increasing preference for AC servo motors in various industries. DC servo motors, which have a better power-to-weight ratio, have operational drawbacks such as higher noise and vibration levels and lower thermal performance. The main reason for these issues is the commutation mechanism or commutator present in most DC servo motors, which causes excessive wear and vibration. While brushless DC motors are available as an alternative, they are primarily used in consumer durables and power tools, not industrial drives. On the other hand, medium-voltage AC servo motors are commonly used in applications where AC power is supplied, such as in heavy industries and renewable energy sectors. The rise of IoT and machine learning in industrial automation and robotics is expected to boost the demand for DC servo motors and drives, as they offer precise control without being tethered to an AC power source. However, the growth of medium-voltage DC servo motors is anticipated to increase due to the development of high-voltage DC power distribution systems for renewable energy sectors.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Motors and Drives Services market is experiencing robust growth, driven by increasing automation across industries. The Servo and Stepper Motors market is expanding due to their precision and reliability in industrial applications. Concurrently, the Brushless DC Motors market is benefiting from their efficiency and longevity, making them ideal for consumer electronics and automotive applications. Collectively, these segments reflect a dynamic shift towards advanced motor technologies, with innovations propelling market expansion and offering new opportunities for growth in various sectors.

Research Analysis

The Servo Motors and Drives market encompasses advanced electric motor technologies, including Brushless motors and DC motors, used for precise motion control in various industries. Closed-loop control systems and feedback control advancements ensure CNC machine reliability and high-performance, enabling advancements in CNC machine capabilities. Servo motors offer torque control, speed control, and positioning systems for robotics and automation applications. Motor controllers and servo power supplies optimize motor performance, while feedback control systems ensure accurate positioning. Precision motion control is a key focus in robotics industry developments, driven by robotics regulations and the need for high-performance and reliability. Servo systems are integral to motion control technology, powering applications from industrial automation to aerospace and defense. Stepper motors offer alternative solutions for precise positioning in specific applications.

Market Research Overview

Servo motors are a type of electric motor that provide precise control over motion and position. They are commonly used in motion control applications such as CNC machines, robotics, and automation systems. Servo motors operate on the principle of closed-loop control, which involves the use of feedback control systems to monitor and adjust motor performance in real-time. This ensures high-precision motion control and improved machine reliability. Servo motors come in various types, including AC, DC, brushless, and rotary motors. High-performance servo motors are used in demanding applications where precise speed and torque control are essential. Linear motors are another type of servo motor that provides linear motion instead of rotary motion. Motion control technology has advanced significantly in recent years, leading to the development of high-performance servo drives, motor controllers, and servo amplifiers. These components work together to provide precise speed, torque, and position control. Servo accessories such as encoders, brakes, and clutches are also available to enhance servo motor performance. The servo motors and drives market is driven by the growing demand for automation in various industries, including manufacturing, robotics, and transportation. The increasing focus on precision motion control and machine reliability is also fueling the growth of this market. Advancements in electric motor technologies, such as brushless motors and feedback control systems, are expected to further drive the market in the coming years. However, regulatory challenges and the high cost of servo motors and drives may limit market growth to some extent.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductDC Servo Motors/drivesAC Servo Motors/drivesTypeRotary SystemLinear SystemGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Most Users Are NOT Using AI Companion as Their AI Girlfriend – Insights from Muah AI User Survey

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LOS ANGELES, Sept. 22, 2024 /PRNewswire/ — Muah AI/

In a world where artificial intelligence (AI) is becoming increasingly intertwined with daily life, the idea of having an AI companion or even an AI “girlfriend” has gained significant attention. While this concept has sparked curiosity, excitement, and even controversy, a recent survey by Muah AI has shed light on the reality of how users are actually engaging with these AI companions. According to the survey results, fewer than 2% of users consider themselves to be in a serious romantic relationship with their AI companion, with the overwhelming majority regarding it as a source of entertainment and roleplaying.

This revelation presents an interesting twist to the popular narrative surrounding AI and human relationships. Many assumed that, with the rise of sophisticated AI that can mimic human emotions and responses, people would begin forming deep emotional bonds with these digital entities. However, the survey data from Muah AI shows that, at least for now, the vast majority of users are not taking these AI relationships as seriously as some might have thought.

The Emergence of AI Companions

AI companions, or “AI girlfriends” as some platforms market them, have become a hot topic over the past few years. Platforms like Replika, Anima, and Muah AI offer users the chance to interact with a personalized AI, which can carry on conversations, offer emotional support, and even engage in roleplaying scenarios that resemble a relationship. The premise is simple: using advanced machine learning algorithms and natural language processing, these AI companions can learn from their users, creating the illusion of intimacy and personalization.

The potential appeal is obvious. For those who are lonely, socially anxious, or seeking comfort, the idea of having an AI that is always available, non-judgmental, and designed to cater to their emotional needs can be incredibly attractive. In fact, there are numerous reports and anecdotes from individuals who claim to have developed genuine emotional connections with their AI companions. But as the Muah AI survey shows, these instances may be far rarer than media headlines suggest.

Survey Results: Entertainment Over Emotional Investment

Muah AI‘s survey provides a comprehensive look at how its users interact with their AI companions, and the results challenge the notion that most users are looking for a serious relationship with AI. According to the data:

Less than 2% of users consider themselves to be “seriously dating” their AI companion.A significant majority view their interactions with the AI as a form of entertainment or roleplaying rather than a meaningful romantic or emotional connection.Many users engage with AI companions out of curiosity or as a way to pass the time, often treating the interactions as light-hearted and fun rather than a substitute for a real-life relationship.A notable portion of users also expressed that they enjoy using AI companions for creative roleplaying scenarios, where they can explore fictional or fantasy-based interactions without any real-world implications.

This data suggests that while the idea of an “AI girlfriend” may be intriguing, most users are not approaching it with the intention of forming a serious romantic bond. Instead, they are treating it more like a game or simulation, where they can experiment with different types of interactions and relationships in a low-stakes environment.

Why Are Users Hesitant to Commit to AI Companions?

There are several reasons why users may be hesitant to view their AI companion as a genuine romantic partner. First and foremost is the awareness of the artificial nature of the interaction. While AI can simulate human conversation and emotions, most users are well aware that these responses are pre-programmed and algorithmically generated. The knowledge that their “partner” is ultimately a machine can create a barrier to forming a deep emotional connection.

Moreover, many users view AI companions as a tool for escapism or fantasy rather than a replacement for real-life relationships. In the same way that people may enjoy playing video games or engaging in fictional roleplaying, interacting with an AI companion can offer a similar outlet for creativity and entertainment. These users are not seeking emotional fulfillment from the AI but rather a way to explore different scenarios and personalities without the complexities of real-world dynamics.

Additionally, there are ethical and philosophical concerns that may prevent users from seriously considering a relationship with AI. The idea of forming a romantic connection with a machine raises questions about authenticity, consent, and the nature of love. Many users may feel uncomfortable with the idea of developing feelings for an entity that lacks true emotions or consciousness, no matter how convincing the simulation may be.

The Future of AI Companions: Entertainment or Emotional Support?

While the Muah AI survey indicates that most users are not taking their AI companions seriously as romantic partners, that does not mean that AI companions are without value. For many, these AI entities serve as a valuable source of emotional support and companionship. Users who are isolated, dealing with mental health challenges, or simply looking for someone to talk to may find comfort in the consistent and non-judgmental nature of an AI companion.

Furthermore, the role of AI in human relationships may evolve as the technology continues to improve. As AI becomes more advanced, it is possible that future iterations of AI companions could offer even more realistic and emotionally engaging interactions. This could blur the line between entertainment and emotional connection even further, leading to more users considering AI as a legitimate relationship option.

However, the survey data suggests that for now, AI companions are primarily being used for fun and fantasy rather than serious emotional investment. Whether this changes in the future will depend not only on advancements in AI technology but also on shifting societal attitudes towards AI-human relationships.

Conclusion

The concept of an “AI girlfriend” may have captured the imagination of many, but Muah AI‘s survey reveals that most users are not taking their AI companions seriously as romantic partners. With fewer than 2% of users considering themselves to be in a serious relationship with their AI, it’s clear that the majority view these interactions as a form of entertainment or roleplaying rather than a meaningful emotional connection.

As AI technology continues to develop, it will be fascinating to see how users’ relationships with AI companions evolve. For now, however, it seems that the allure of AI companionship lies more in its ability to entertain and provide creative outlets than in offering a substitute for real-life romantic relationships.

Ultimately, the future of AI-human relationships is still in its early stages, and as AI becomes more capable, the way people engage with these digital companions may change. But as of now, it’s clear that most users are enjoying the novelty of AI companionship without taking it too seriously—at least not yet.

Media/Business Contact Information:
Muah AI 

PR Director:
Ashley

Contact Number:
+1 626-677-6013

Company Website:
https://muah.ai 

Company email:
love@muah.ai

Feel free to reach out if you are interested in writing a dedicated piece about Muah AI!

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SOURCE Muah AI

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Internet Society Report Highlights Challenges and Recommendations for Internet Connectivity in the Middle East

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WASHINGTON, Sept. 22, 2024 /PRNewswire/ — The Internet Society (ISOC), a global charitable organization advocating for an open, globally connected, and secure Internet, released a comprehensive report on the state of Internet connectivity across the Middle East and North Africa (MENA) region.

The report underscores Internet connectivity as a catalyst for economic growth and social development and how an increase in fixed broadband access has a direct impact on growing gross domestic product (GDP).

Key Findings:

Growth in Mobile and Fixed Broadband: Both mobile and fixed broadband connections have grown substantially from 2015 to 2021, particularly in Gulf States with advanced fiber-optic and 5G networks. However, deployment has been slower in other parts of the region, primarily due to infrastructure challenges and affordability issues.

Mobile Internet users increased from 130M to over 180M between 2016 and 2021, with Egypt, Tunisia, and Morocco showing the highest growth rates. Fixed broadband users rose from 17M to 29M in the same period, with Egypt leading the way. The Arab region lags behind other regions in fiber optic deployment, with stagnation in investment since 2018.

High-Income Countries: Significant progress in broadband infrastructure, especially in Gulf Cooperation Council (GCC) countries due to 5G rollout. High-income countries improved their Internet availability from 77.34 to 79.37, surpassing global averages.Low-Middle-Income Countries: Broadband has improved modestly, but challenges persist. Despite overall progress, a significant digital divide remains between high-income and low-middle-income countries, partly due to political and economic instability in some regions, such as Tunisia and Syria.

Infrastructure Challenges: There is a heavy reliance on European Internet Exchange Points for international Internet traffic, which results in slower speeds due to additional data hops.

Emerging Technologies: The report emphasizes the role of emerging technologies such as High-Throughput Satellites (HTS) and Low-Earth Orbit (LEO) satellites in bridging the connectivity gap. These technologies are crucial for expanding access to underserved rural areas.

Impact of COVID-19: The COVID-19 pandemic has adversely affected network performance and digital transformation plans, causing delays and disruptions in connectivity improvements.

Recommendations:

Policy and Regulation: The Internet Society advocates revising regulatory frameworks to accelerate infrastructure deployment. Key recommendations include enhancing spectrum policies, removing regulatory barriers, and fostering public-private partnerships to drive investment, competition, and support for small and medium enterprises.

Spectrum Availability: North African countries have limited spectrum compared to global averages, impacting network capacity and costs.Regulatory Frameworks: Enhance regulatory frameworks to foster investment, encourage spectrum and infrastructure sharing, and support new technologies like HTS and LEO satellites.

Collaboration and Investment: Promote public-private partnerships and update national broadband plans to improve infrastructure and connectivity.

Digital Skills and Literacy: Addressing digital skills and literacy is crucial for maximizing the benefits of Internet connectivity. The report calls for more affordable, relevant, and inclusive education and training programs to build a digital workforce.

Local Internet Exchange Points (IXPs): The report stresses the importance of establishing and upgrading IXPs to enhance local Internet traffic, reduce costs, and improve service quality. Governments are encouraged to support IXPs by providing resources and facilitating network interconnections.

“The Internet has become indispensable for many people, and its role in connecting people, fostering economic opportunities, and driving innovation is undeniable. The Arab region has made big leaps in the availability and adoption of the Internet in recent years; however, adoption rates are still low. We hope that governments will use our report to learn about the improvements that can be made in infrastructure deployment, affordability of service, market structure, and regulatory frameworks,” explains Nermine El Saadany, Regional Vice President for the Middle East for the Internet Society.

About the Internet Society
Founded by Internet pioneers, the Internet Society (ISOC) is a global charitable organization dedicated to ensuring the open development, evolution, and use of the Internet. Through a global community of chapters and members, the Internet Society collaborates with a wide range of groups to promote the technologies that keep the Internet safe and secure and advocates for policies that enable universal access. The Internet Society is also the organizational home of the Internet Engineering Task Force (IETF).

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Representatives from 57 countries, regions and 6 international organizations, are gathering in Suzhou.

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What important topics are they discussing about? Let’s find out!

BEIJING, Sept. 22, 2024 /PRNewswire/ — I’m Xiao Lin from National Immigration Administration. On September 9th, the first Sub-Forum on Migration Management Cooperation was successfully held. Representatives from all parties expressed their insights and appeals around the development and innovation of migration governance.

It was truly a content-rich event!

Why does the international community focus on the topic of “Migration Governance” so much?

At present, changes unseen in a century is unfolding at a faster pace. The situation in the wider world remains complex and fluid. However, peace, development, cooperation and win-win results are still an unstoppable historical trend. Migration governance is critical to economic development of individual countries, global security governance and international cultural and people-to-people exchanges. It has increasingly become a key issue in global governance.

Here are the key points:
At the forum, NIA made three commitments: implementing more open policies for the cross-border flow of people, more effective actions in the governance of transnational crimes and more extensive global cooperation in migration governance, injecting new impetus to opening up and development; At the same time, three initiatives have been put forward, [Original scene of the initiative] contributing China’s wisdom and solutions to global migration governance and further showcasing its image as an open, confident, secure, and thriving major power.

Representatives also made keynote speeches, sharing their migration governance policies, measures and experience, and providing their perspectives on regional and international migration governance.

Pooling wisdom for win-win results.

In a changing era, National Immigration Administration of China stands ready to work with all parties to promote global migration governance to a higher level and contribute more wisdom to world peace, development, prosperity and stability!

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SOURCE National Immigration Administration

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