Motion Control Market Share, Historical Analysis, Development Strategy, Sales Revenue, Growth Factors, Competitive Landscape, Future Trends and Regional Forecast 2023
Market Research Future published a research report on “Motion Control Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – February 27, 2019 /MarketersMedia/ —
Motion Control Global Market – Overview
The global motion control market is growing with the rapid pace is mainly due to Growing industrialization and high adoption of automation in the industrial process, which is propelling the Motion control market growth to the large extent. While, high deployment cost and lack of availability of professionals are some of the major restraints of the motion control market. According to a recent study report published by the Market Research Future, The global market of Motion control is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
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Key Players
The key players in the market of motion control are- ABB Group (Switzerland), Rockwell Automation, Inc., (U.S.), Parker Hannifin Corporation (U.S.), Siemens AG (Germany), STMicroelectronics N.V. (Switzerland), Motion Control Corporation (U.S.), Schneider Electric (France), Trio Motion (U.S.), Emerson Electric (U.S.), AMETEK, Inc. (U.S.), Aerotech Inc. (U.S.) among others.
Market Segmentation
The global Motion Control Market is segmented based on technology, components, application, and industry.
• By technology, the market is segmented into pneumatic, hydraulic, and electromechanical actuation. The electromechanical motion control market is growing at a fast rate because the price and performance ratio of this motion control technology has improved to a large extent the past couple of years.
• By components, the market is segmented into controller, drives, motors, and software among others. Increasing complexity in semiconductor and electronic equipment manufacturing is augmenting the need for motion controllers, thus triggering the growth of the controller segment.
• By application, the market is segmented into inspection, material handling, packaging, and others. The packaging application is estimated to account for the largest size of the motion control during the forecast period. Packaging involves numerous applications like sealing, labeling, case packing, bundling, shrinking wrappers, and indexing tables of products.
• By industry, the market is segmented into manufacturing, healthcare, automotive, aerospace & defense, oil & gas, and robotics and others. Motion control in healthcare ensures high levels of safety, stability, reliability, and long-term availability of electronic components. Thus, use of motion control in the healthcare industry is quite high on account of these benefits.
Regional Outlook
The global motion control market is geographically split into regions of North America, Europe, Asia Pacific (APAC) and the Rest of the World.
Globally, Asia Pacific is leading the market owing to the strong presence of manufacturing companies in China, Japan, and South Korea. Improving economy of regional countries are also playing a crucial role in the development of motion control market. Moreover, massive demand for safe equipment across several industries and high-power requirements in the region has led to the phenomenal market performance.
Europe has managed to secure the second position in the global market trailed by North America. This growth is led by Germany, the United Kingdom (U.K), Italy, and France. Also, increasing awareness about the enhanced efficiency and precise methods of motion controlling involved in automation, advancements related to controller capabilities and the development of advanced motion controllers have led to the market growth in the region as well.
North America motion control market is largely fueled by the factors such as high consumption of electronic equipment and rich presence of healthcare industry. Furthermore, manufacturers in the region are focusing on enhancing motion controllers that are equipped with the smart actuators to synchronize and speed up the production process. Also, accelerated need for quick transportation of the heavy components and equipment during the production process has resulted in an upsurge in adoption of the motor control systems in the manufacturing industry in the region. For instance, in January 2018, Siemens introduced a new product with new servo drive system that simplifies motion control for machine builders. These motion controller converters posses integrated safety functions and enable rapid engineering via motion technology objects.
Industry News:
January 18, 2018 –Vention, custom-equipment startup, has launched App for Motion Control which offer a Motion App software and Machine Motion interface for the customers to program their products’ motion profiles. The company has also partnered with many other companies to create modular parts supporting its robotics and motion products.
January 26, 2018 – Siemens has introduced their new product with new servo drive system simplifying motion control for machine builders. These motion controller converters are with integrated safety functions and enable rapid engineering via motion technology objects.
January 23, 2018 – Universal Robots and Apex Motion Control has launched Zero Footprint Palletizer. It can be redeployed throughout a facility and fits right into existing packaging lines without modification, replacing manual palletizing operations in minutes.
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Intended Audience
• OEMs
• Automation Service Providers
• Motion Control Distributors
• Technology Provides
• Sensor Manufacturers
• Connectivity Providers
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 486430
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