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Mobile robots are driving ULV motor sales above $6bn

31 August, 2023

The burgeoning use of mobile robots will drive the market for ultra-low-voltage (ULV) motors to $6.5bn by 2027 – representing a CAGR of 12.6% between 2022 and 2027 – according to a new report from Interact Analysis. Demand for these motors, which have operating voltages below 60V, is also being driven by battery-powered applications and the requirement for more flexible manufacturing and logistics processes.

The three top suppliers in the sector are currently Maxon, Ametek and Minebea Mitsumi, but Interact predicts that the supplier landscape is set to change dramatically. The market is highly fragmented and its development will depend on which technologies the various suppliers decide to develop in different sectors.

One trend that Interact identifies in the manufacturing sector is the need for more flexible machines because of the growing number of product variations that automated machines need to handle. As a result of this, there are more small actuation points requiring ULV motors.

There is also a significant trend towards integrated motors and drives, particularly for mobile robotic applications, which should generate opportunities for vendors to emerge and take market share.

The global market for ultra-low-voltage motors showing revenues (blue bars, left axis, US$m) and the year-on-year percentage growth (light blue graph, right axis, %)
Source: Interact Analysis

“Taking a look at the market by product type, we see that the growth opportunity for integrated motors is staggering,” says Interact Analysis research manager, Blake Griffin. “We estimate the growth of revenues for this product to carry a CAGR of 45% between 2022 and 2027. This is due to the impact that space-constrained mobile robots are having on the market for ULV motors – a sector which, by far, exceeds the rest of the market in terms of growth.

“By 2027, integrated motors will account for 14% of the motors used in mobile robots,” he adds. “While the mobile robotics segment only accounts for 3% of motor shipments today, by the end of 2027 the sector will account for 15.6% total market shipments”.

Interact Analysis:  Twitter  LinkedIn

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