The global motion control market size is estimated to be USD 15.5 billion in 2022 and is projected to reach USD 20.0 billion by 2027, at a CAGR of 5.2%.
Growing demand for industrial robots in manufacturing processes and ease of use and integration of components within motion control systems are few of the primary factor driving the market growth. Moreover, adoption of Industry 4.0 by manufacturing firms is one of the opportunity for the growth of market.
Motion Control Market Segmnt Overview
Drives are the fastest growing segment in motion control market during forecasted period
Drives offer a wide range of advantages for automatic machining systems, including superior positioning, speed, and motion control. Drives offer a way to control the speed of electric motors.
In applications where the load is subject to change, speed control provides an excellent way to save energy. The use of drives enables a more detailed and precise motor control, which improves the productivity of machines and equipment. Drives find applications in every area where a motor is required. Drives allow changing the positioning and speed according to the needs of the manufacturers. They also help automate the manufacturing process by providing the flexibility of making changes according to the needs of the manufacturing environment.
Motion control systems are extensively used in automotive industry in 2021
Automotive is one of the fastest-growing industries, among others in the market. Motion control is also used in the automotive test system for performance testing, structural testing, durability testing, component testing, etc. Components such as servo valves, actuators, and controllers are mainly used for this purpose.
In the current highly competitive world, the companies in the automotive industry are experimenting by integrating new technologies that have the potential to boost the production process. Technological innovations such as electric- and gas-powered vehicles lead to infrastructural changes in the automotive industry; also, the latest machines and equipment have eliminated the need for human operators for most of the crucial processes in the automotive industry. The global automotive industry is growing rapidly due to the emergence of new concept vehicles that employ eco-friendly technologies.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98406125
Asia Pacific is expected to hold the largest market of motion control during forecasted period
The increasing automation activities in several industries, such as the use of customized robots for different applications, high growth in machine tool production, and other sectors related to the production of smartphones and automobiles, which include electronics assembly and semiconductor machinery, are some of the reasons for the growth of the motion control products market in Asia Pacific.
China, Japan, and India are the major markets for motion control in Asia Pacific. These countries have a considerable market size and scope for developing the motion control industry. Some of the key players in the motion control market in Asia Pacific are Yaskawa Electric Corporation (Japan), OMRON Corporation (Japan), and Mitsubishi Electric Corporation (Japan).
The countries in the Asia Pacific market considered in this study have the presence of a large number of small- and mid-sized enterprises (SMEs). However, during the outbreak of COVID-19, the manufacturing industries had impacted negatively in the region. Social distancing norms and low product demand have forced industry players to limit production. Further, the restrictions on the export of products had led to a decline in the sale of motion control products. As the neighboring countries have been linked to one another through trade relations and supply chains, the entire region was adversely affected by the outbreak of COVID-19 in 2020.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Motion Control Global Market - OverviewMotion control is gaining a healthy momentum in various industrial processes owing to the rise of industrial automation.
A recent study conducted by Market Research Future (MRFR) finds that the global market for Motion Controllers will surge at a CAGR of 7.09% during the forecast period (2018-2023).
Motion control technology is a combination of gesture responsive systems consisting of hardware, software, motion controllers, and sensors among others.
Moreover, it enables businesses to achieve higher economies of scales.
Such factors are making a positive impact on the motion control market.
Motion Controllers robots are being increasingly deployed in modern manufacturing facilities, they are used for tasks such as packaging, inspection and material handling.
COVID-19 Impact Analysis on Motion Control Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the ABB Ltd., Yaskawa, Parker Hannifin Corporation, Rockwell Automation, Inc., Bosch Rexroth AG, Schneider Electric SE, and Siemens, Fanuc, Mitsubishi Electric Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Motion Control Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/motion-control-market/download-sampleMarket SegmentationThe broad Motion Control market has been sub-grouped into the Component, System, Industryand region.
The report studies these subsets with respect to the geographical segmentation.
