The global motion control market is predicted to display 7.09% CAGR over the forecast period (2020-2027), as per the latest report by Market Research Future (MRFR). Motion controllers have been integral in industrial automation and be ubiquitous in industrial manufacturing. Sustainable production techniques and changing demands of customers are expected to shape the trajectory of the market.
Market Scope
The global motion control market is likely to prosper owing to adoption of industrial automation methods to expedite production. Motion control systems work in tandem with industrial robots for simplifying processes. Optimum use of resources and efficiency in production schedules can drive the market demand significantly. The high competition in industrial manufacturing has induced the need for automated processes. For instance, the SureServo2 servo systems by Servo has an in-built motion controller that aids in electronic camming, shearing, and others.
Competition Analysis
Rockwell Automation, Inc., Motion Control Corporation, Parker Hannifin Corporation, Emerson Electric Co., STM Microelectronics, Schneider Electric, Siemens AG, MKS Instruments Inc., Estun Automation Co., Ltd., ABB Group, and AMETEK Advanced Motion Solution are key players of the motion control market. Among them, Siemens and AMETEK Advanced Motion Solutions are leading in the market with the highest market share. They offer distinctive components for industrial automation and supportive software for seamless operations.
The COVID-19 outbreak has severely impacted the motion control market due to deficit in global supply chains and diminishing demand for products. Shortage of raw materials and decline of exports can challenge the market in the coming years.
The advent of Industry 4.0 and its advantages in smart manufacturing can provide a bevy of opportunities for the motion control market. Adherence to latest standards and use of automated equipment to run industries 24/7 may benefit the market.
But high maintenance costs and replacement of legacy equipment can hamper market growth.
Segmentation
By component, the AC motors segment is expected to display 10.14% CAGR over the forecast period. High power consuming applications can create a huge demand for AC motors.
By technology, the electromechanical actuation segment is deemed to exhibit 8.29% CAGR over the forecast period. Electromechanical actuators are used in improving efficiency and enhancing rotational speed over a long distance. Variations in designs can improve load capacity and speed of operations.
By application, the robotics segment is set to display returns at 9% CAGR over the assessment period. Robots have been integrated with motion control systems to improve accuracy and reduce power consumption.
By industry, the automotive segment can perform at an exceptional rate owing to upgrades of systems and high demand for servo drives and controllers to improve production. On the other hand, the semiconductor & electronics industry can display 10.39% CAGR over the forecast period. This is a result of huge demand for semiconductor chips and establishment of foundries to expedite production.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest-of-the-World (RoW) are major regions covered in the motion control market.
APAC is expected to lead in the global market owing to being a hub of industrial activity. International companies have outsourced their manufacturing activities in the region owing to lax tax norms and cheap workforce. Huge demand for automated equipment and investments in robotics can drive market demand.
Europe can be lucrative for the market due to demand in precision and advances of controller use in operations. The shift from pneumatic to electromechanical control for high precision can drive regional market growth.
Get complete Report @ https://www.marketresearchfuture.com/reports/motion-control-market-1929
Industry news
UltimET Advanced, a multi-axis motion controller by ETEL, is a new product launched for large volume of data processing with the assistance of proprietary algorithms. The controller can be used in handling back-end processes in semiconductor manufacturing.
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