Motion Control Market to Experience a Significant Increase in Revenues by 2023

 Motion 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 control 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. Equipment that support motion control are witnessing a rapid boom owing to their endless benefits. They are also allowing manufacturers to reach desired performance levels.

Industrial automation allows manufacturers to divert manual resource where its more needed. Moreover, it enables businesses to achieve higher economies of scales. Such factors are making a positive impact on the motion control market. Motion control is viewed as a prominent spike in the big wheel of automation. Motion control robots are being increasingly deployed in modern manufacturing facilities, they are used for tasks such as packaging, inspection and material handling. Integration of programmable logic control (PLC) and human machine interface (HMI) is likely to improve factory automation process in the coming years. In addition, these advancements will provide the advantage of PC based control to the motion control devices which includes flash memory to store the program, RAM storage, battery backup, remote control & monitoring, and reduction in the operational cost.  

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Global Motion Control Market: Segmental Analysis

MRFR’s report includes a thorough segmental analysis of the market based on application, industry, component and technology. Based on application, the market has been segmented into inspection, robotics, packaging, material handling and others. The packaging segment currently holds the largest share of the market and is expected to retain its top position over 2023. Based on industry, the market has been segmented into aerospace & defence, metals & machinery manufacturing, automotive, healthcare, semiconductor & electronics, oil & gas and others. The semiconductor & electronics segment is expected to exhibit the highest CAGR during the forecast period and reach a valuation in excess of USD 4,700 Mn. Based on component, the market has been segmented into actuators & mechanical systems, motion controllers, electric drives, AC motors, sensors and feedback devices and other. In 2017, the motion controllers segment accounted for USD 4,572.23 Mn and is expected to witness a above-average growth over the next couple of years. Based on technology, the market has been segmented into pneumatic, electromechanical actuation and hydraulic. Of these, the electromechanical actuation segment will remain highly lucrative during the assessment period. The segment is likely to surpass the market valuation of USD 10,000 Mn by the end of the review period.

Global Motion Control Market: Regional Analysis

Motion control market has been covered across regions such as North America, the Middle East & Africa (MEA), Europe, South America and Asia Pacific (APAC). The market in APAC will remain highly attractive throughout the forecast period. In 2017, APAC motion control market stood at USD 6,000 Mn and is projected to witness a strong CAGR of 8.72% by 2023. Manufacturing facilities in countries such China, Japan and Indian are being upgraded to international standards, which is creating opportunities for the motion control market in the region. The level of automation in the region’s manufacturing sector has been increasing rapidly in recent years. Moreover, availability of low cost motion-controlled products from domestic manufacturers is influencing the market’s growth trends in APAC.

Global Motion Control Market: Competitive Landscape

Some of the leading companies operating in the global motion control market include AMETEK Advanced Motion Solution, Siemens AG, Estun Automation Co., Ltd., ABB Group, Rockwell Automation, Inc., Parker Hannifin Corporation, Schneider Electric, MKS Instruments Inc., STM Microelectronics, Motion Control Corporation, Emerson Electric Co.

Table of Content:

4 Market Dynamics

4.1 Introduction 24

4.2 Drivers 25

4.2.1 Rising Adoption Of Industrial Robots In Manufacturing Industries 25

4.2.2 Increasing Awareness Of Advanced And Automated Process For Factory Component 25

4.3 Restraint 26

4.3.1 High Replacement And Maintenance Cost 26

4.4 Opportunities 26

4.4.1 Integration With PLC And HMI Devices 26

4.5 Porter’s Five Forces Model 27

4.5.1 Threat Of New Entrants 27

4.5.2 Bargaining Power Of Suppliers 27

4.5.3 Bargaining Power Of Buyers 27

4.5.4 Threat Of Substitutes 28

4.5.5 Intensity Of Rivalry 28

5 Global Motion Control Market, By Component

5.1 Overview 30

5.1.1 Actuators & Mechanical Systems 31

5.1.1.1 Linear Actuators & Mechanical System 32

5.1.1.2 Rotation & Tilt Actuators & Mechanical System 32

5.1.1.3 Alignment Actuators & Mechanical System 32

5.1.2 Motion Controllers 32

5.1.3 Electric Drives 32

5.1.4 AC Motors 33

5.1.5 Sensors And Feedback Devices 33

5.1.6 Others 33

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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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