Harmonic Drive Market Worth to Reach USD 374.5 MN BY 2027
Posted On January 19, 2021
The Global Harmonic Drive Market report evaluates the market revenue to reach USD 374.5 MN mark in 2027. The CAGR is expected to be close to 7.5% from 2020 till the end of 2027 according to the newly published report by Value Market Research. The increased adoption of collaborative work robots in various medical to industrial applications will be the main driving force behind this market's growth. The digitalization and automation of manufacturing industries to increase efficiency will boost these high precision mechatronic drive systems. The harmonic drive are extensively used in aerospace applications due to their high torque capacity, precision, accuracy, and torsional rigidity. The growing demand for compact, lightweight, and precise robots for surgical applications will boost the market growth. This market's main challenges are high implementation costs, lack of skilled employees, and proper maintenance for effective performance.
A harmonic drive is a high performing mechanical gear system used for gear reduction, increasing rotational speed, or differential gearing. It consists of three components: a wave generator, a flex spline (3 / red), and a circular spline. It works on the principle of elastic dynamics and utilizes the flexibility of metal. Harmonic Drive is used in various applications ranging from low-cost consumer applications like vending machines to rotating home-television antennas and sophisticated military and aerospace systems. The various advantages offered by harmonic drives are high compactness, high gear ratios, fair resolution, excellent repeatability, high torque capability, and lightweight. There is a range of gear ratios possible based on the tooth size and the configuration.
The market dynamics covered in the report "Global Harmonic Drive Market Report By Types (Cup Style, Hat Style, Pancake Style), By Applications (Industry Robot, Semiconductor Manufacturing Systems, Flat Panel Display Manufacturing System, Machine Tools, Optical Machine, Printing, Bookbinding And Paper Machine, Metal Working Machine, Medical Equipment, Space Equipment, Others (Humanoid Robot, Telescope Etc.) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" gives a holistic scope of the market along with the market forecasts. A harmonic drive is a gear system used to provide speed change in highly precise positioning applications.
On the basis of types the market is segmented into Cup Style, Hat Style, Pancake Style. By applications the harmonic drive market is categorised as Industry Robot, Semiconductor Manufacturing Systems, Flat Panel Display Manufacturing System, Machine Tools, Optical Machine, Printing, Bookbinding and Paper Machine, Metal Working Machine, Medical Equipment, Space Equipment, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Harmonic Drive Market -
- Cup Style
- Hat Style
- Pancake Style
- Industry Robot
- Semiconductor Manufacturing Systems
- Flat Panel Display Manufacturing System
- Machine Tools
- Optical Machine
- Printing, Bookbinding and Paper Machine
- Metal Working Machine
- Medical Equipment
- Space Equipment
- Others (Humanoid Robot, Telescope etc.)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
HDSI, Leaderdrive, Beijing CTKM Harmonic Drive, BHDI and Zhejiang Laifu.
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