According to the latest report by IMARC Group, titled “Stepper System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global stepper system market reached a value of US$ 3.1 Billion in 2022. Stepper systems refer to integrated motor control systems that involve high-performance micro-stepping drives and high-torque stepper motors. These integrated systems accept digital step & direction inputs from a programmable pulse generator, such as motion controller or indexer. Stepping systems can be differentiated into closed-loop and open-loop systems. In comparison to closed-loop systems, open-loop stepper systems do not utilize feedback for verifying the desired and reached output. Stepper systems offer precise positioning, excellent speed control, and repeatability of movement. They are mostly used in textile machinery, robotics, medical imaging machines, printing presses, 3D printing equipment, and computer numerical control (CNC) milling machines.
Global Stepper System Market Trends:
The global market is primarily being driven by the rapid growth the automation and robotics sectors and the significant expansion in the semiconductor industry. Moreover, stepper systems are being increasingly used in the medical sector for implementing low cost and precise motion control in the production medical pumps. This, in turn, is acting as a growth-inducing factor in the market. Manufacturers are increasingly concentrating on optimizing production and design processes for offering better efficiency and improved products. This is contributing to the inflating sales of high-quality stepper systems across the globe. Other factors, such as the introduction of miniaturized motors facilitating the product adoption for superior torque speed and precision and the integration of input/output (I/O) terminals in stepper motors, are also creating a positive outlook for the market further. Looking forward, the market value is projected to grow at a CAGR of 4.45% during 2023-2028.
- On the basis of the component type, the market has been bifurcated into stepper motors and stepper drives.
- Based on the end-use, the market has been segmented into industrial machinery, medical devices, semiconductor machinery, and others.
- On a regional basis, the market has been divided into North America (the United States, and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being ABB, Beckhoff Automation, MinebeaMitsumi, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Parker Hannifin, Sanyo Denki Co. Ltd., Schneider Electric SE, etc.
|Base Year of the Analysis
||Component Type, End-Use, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||ABB, Beckhoff Automation, MinebeaMitsumi, Nidec Corporation, Nippon Pulse Motor Co. Ltd., Oriental Motor Co. Ltd., Parker Hannifin, Sanyo Denki Co. Ltd. and Schneider Electric SE
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