How big is the Stepper Motor Market?

The Stepper Motor Market size is expected to reach USD 1.11 billion in 2024 and grow at a CAGR of 3.08% to reach USD 1.30 billion by 2029. Read More

What is the current Stepper Motor Market size?

In 2024, the Stepper Motor Market size is expected to reach USD 1.11 billion. Read More

Which is the fastest growing region in Stepper Motor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Stepper Motor Market?

In 2024, the Asia Pacific accounts for the largest market share in Stepper Motor Market. Read More

What years does this Stepper Motor Market cover, and what was the market size in 2023?

In 2023, the Stepper Motor Market size was estimated at USD 1.08 billion. The report covers the Stepper Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Stepper Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Stepper Motor Market Size & Share Analysis - Industry Research Report

Stepper Motor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Stepper Motor Market Report is Segmented by Type of Motor (Hybrid, Permanent Magnet, and Variable Reluctance), Application (Medical Equipment, Robotics, Industrial Equipment, Computing, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Stepper Motor Industry Overview

The stepper motor market is highly fragmented, with major players such as Kollmorgen (Regal Rexnord Corporation), Faulhaber, Oriental Motor Co. Ltd, ASPINA Group (Shinano Kenshi Co. Ltd), and Schneider Electric SE. Partnerships, innovations, investments, and acquisitions are among the strategies used by market participants to improve their product offerings and gain a sustainable competitive advantage.

December 2023 - Kollmorgen launched the P80360 stepper motor, a cutting-edge solution that incorporates closed-loop operation to enable real-time position correction. This advanced drive not only offers versatile programming capabilities and extended positional control but also guarantees enhanced reliability and efficiency through its closed-loop feedback system. With a phase current capacity of up to 3A peak and an input voltage range of 100-240 VAC single-phase, the P80360 stepper drive is compatible with all stepper motors.
October 2023 - FAULHABER unveiled the AM3248 stepper motor, showcasing its remarkable speed and torque. This new motor outperforms similar models by five times with an impressive capability of reaching up to 10,000 rpm. Despite its compact 32 mm diameter, it delivers exceptional performance, making it an ideal choice for various applications, including aerospace, laboratory automation, large optical systems, the semiconductor industry, robotics, and 3D printing.