As automating the factory floor is becoming a recent trend in various industries, growth of the motion control market continues to surge. Increasing production of electronics and electronic equipment has continued to contribute towards growth of the motion motors market. Increasing production of electronic and automotive products has revved up the need for integrating various components. Manufacturers are increasingly adopting the motion control systems in the various industries in order to automate the production process in a cost-effective and faster manner. Adoption of the PC-based controllers and microcontrollers continues to witness significant adoption among motion control market players.
According to Fact.MR, the global motion control market is expected to represent a value of nearly US$ 25,000 Mn by the end of 2026.
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Demand for the ready-made graphical user interface enables the end users to tune the control and programming process conveniently. As the requirement for bottling, packaging, stacking, laser cutting and labelling increases, motion control market players are adopting leading technology that integrates manufacturing process with distributed intelligence. Moreover, motion control market participants are further focusing on developing motion controllers equipped with smart actuators that synchronize and speed up the production process. Growing need for quick transportation of the heavy components and equipment during the production process has led to an upsurge in growth of motor control market.
Product Innovation to Underscore Lucrative Growth Opportunities
Growing need for simplified designing process is expected to rev up sales of the motion control systems during the forecast period. As it is a cost effective option, manufacturers continue to witness significant demand for the motion control systems in the global market. Adoption of the motion control system also enables the manufacturing industries to reduce cost of employing laborers for the production process. Equipped with intelligent technology, adoption of the motion control systems simplify the process of operating the machines.
A recent trend witnessed in various industries is increasing adoption of collaborative robotics equipped with smart actuators. Growing need for conveyor application has led to surge in demand for advanced motion technology and independently controlled movers. Adoption of advanced motion technology allows the alerts the operators regarding the status of production process, detect the mechanical changes and load during the manufacturing process. These factors will continue to boost growth of the global motion control market during the forecast period.
Gaming Equipment to Boost Sales
Surge in demand for gaming products has led to increasing production of various gaming equipment. Adoption of gaming controllers in various gaming equipment to detect is expected to sales of the motion control systems significantly. Motion-controlled gaming system enables the end users to interact with the user interface through the body movement. Moreover, the gaming products are mainly equipped with handheld hardware controllers and a camera in the console, which tracks the movement of the end user. Increasing production of the handheld hardware controllers and gaming equipment such as PS3 is expected to rev up demand for the motion control systems in the electronic industry. Bound to these factors, the global motion control market is expected to witness significant growth during the forecast period.
Machinery to Represent a Leading Segment
Growing need for precise control of the linear or angular position has led to an upsurge in demand for the AC servo components globally. On the basis of component type, the AC servo segment is expected to represent a significant revenue growth, accounting for a value of over US$ 2,400 Mn by the end of 2026. On the other hand, the others component type segment is expected to register the highest CAGR throughout the forecast period.
Based on end users, the machinery segment is expected to generate significant revenues, recording a value of over US$ 1,300 Mn by the end of 2017. However, the others end user segment is expected to register a healthy CAGR through 2026.
By application, the metal cutting segment is expected to represent the highest revenue growth, accounting for a value of over US$ 1,700 Mn by the end of 2026. In contrary, the robotics application segment is expected to register a robust CAGR during the forecast period.
On the basis of technology, the computer numerical control segment is expected to represent a robust revenue growth, recording a value of over US$ 3,900 Mn by the end of 2026. Moreover, the computer numerical control technology segment is expected to register a significant CAGR throughout the forecast period.
Leading market players operating in the global motion control market include Fanuc Corporation, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Inc, Siemens AG, Robert Bosch GmbH, Parker-Hannifin Corp, ABB Ltd Schneider Electric S.E and Moog Inc.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR.
Growing need for accuracy and precision during the manufacturing process has led to a surge in demand for motion control systems globally. Increasing demand for intelligent distribution system is further expected to impact growth of the global motion control market. This report, compiled by Fact.MR, provides in-depth analysis of the global motion control market for the forecast period 2017-2026, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global motion control market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Motion control manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to motion control.
The report commences with a brief information of the global motion control market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global motion control market.
The next section offers an overview of the global motion control market. This comprises an introduction to the market, along with a standard definition of the product – motion control. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global motion control market, the report provides updates about market opportunities, which can benefit leading manufacturers of motion control. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for motion control manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global motion control market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The motion control market has been categorized on the component type, end user, application, technology type, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global motion control market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global motion control market.
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