Press release
Linear Motor Market to Observe Strong Development by 2031, TMR Study
Even as the COVID-19 outbreak has slowed down the pace of the global economy, Taiwan electronics industry witnessed an overwhelming demand for technology and electronics products. It has been found that technology products account for more than half of Taiwan's total exports. Such trends are creating business opportunities for companies to keep economies running in the linear motor market.View Our Report @ https://www.transparencymarketresearch.com/linear-motor-market.html
The semiconductor chip shortage has become crucial in the linear motor market amid the ongoing COVID-19 pandemic. Stakeholders in the automotive industry are anticipating an end to chip backlog by the third quarter of 2021. Meanwhile, companies in China are seen to respond well toward the pandemic, since the semiconductor industry is one of the essential sectors in the region.
Piezoelectric devices are being widely used in sensors and small stroke actuators for use in various applications. As the technology has evolved, these devices are now being supported with a range of linear and rotary motion devices that offer precision motion control down to nanometer precision. However, it has been found that the total cost of these Piezoelectric devices is relatively high, and is primarily used in premium markets such as the semiconductor, optics, and photonics. This issue has led to continued research in new methods for configuring and controlling Piezoceramic materials with novel techniques to establish motion devices.
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Companies in the linear motor market should collaborate with researchers, such as at the Kiev Polytechnic Institute, Ukraine, to create a portfolio of patents in linear and rotary motion devices that provide useful technical benefits.
The linear motor market is projected to surpass the value of US$ 2.5 Bn by the end of 2030. This is evident owing to the popularity of direct drive torque and linear motors that are increasingly replacing conventional motors with a gearbox and ball screws. These motors are gaining prominence in robotics and other semiconductor applications. The growing demand for speed, accuracy, flexibility, and profitability in robotics is translating into incremental opportunities for manufacturers in the linear motor market.
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Companies in the linear motor market are increasing the availability of torque motors with magnetic innovations, characterized by low cogging values, high accuracy, and high torque. These motors facilitate smooth operations with minimum errors. With the help of these motors, semiconductor companies are expanding their business streams in medical technology applications.
The linear motor market is slated to rise at a healthy CAGR of ~6% during the forecast period. The ever-growing packaging industry is establishing stable revenue streams for semiconductor companies. LinMot - the U.S.-based manufacturer of linear motors and motor systems is increasing its product portfolio for packaging applications to offer flexibility in machinery used for feeding, sealing, and discharge end-use cases. High dynamic and durable drives are being developed by companies in the linear motor market to replace pneumatic cylinders in packaging applications.
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Apart from electronics and medical technologies, stakeholders in the linear motor market are unlocking growth prospects in additive manufacturing (AM). Linear motors help to deliver speed in order to scale production, while lowering the part cost for additive manufacturing. The increasing demand for repeatable and reliable machines in additive manufacturing has fueled the growth of the linear motor market. This has led to the recognition of Texas-based startup Essentium for its High Speed Extrusion (HSE) polymer AM machine.
Highly dynamic, flexible, and modular designs in linear motors are being developed by companies in the linear motor market. The Germany-based automation technology company Beckhoff is gaining popularity for its modular coil design in linear motors that serve as an alternative to conventional drive systems such as rack-and-pinion.
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