Motion Control Market Worth to Reach USD 17830.28 million By 2027
Posted On July 26, 2021
The Global Motion Control Market report evaluates the market revenue to reach USD 17830.28 million mark in 2027. The CAGR is expected to be close to 2.5% from 2021 till the end of 2027 according to the newly published report by Value Market Research. The global motion control market is primarily driven by increasing automation of factory floor in order to improve production processes, increase productivity and minimize energy consumption. The demand for motion control system continues to surge owing to increasing adoption of these systems in consumer electronics and semiconductor, automotive, chemical and food & beverage industries. In addition, the growing need for industrial robots especially in the manufacturing sector will boost the demand for motion control systems and contribute to its market growth. However, the motion control system market may face some challenges as well. High maintenance and replacement cost of machines is a major issue, as the spare parts are not easily available all the time and designing motion control system involves numerous components increasing its replacement cost. Lack of trained and skilled manpower, surge in labor cost and complexity of the machines are other factors limiting the growth of motion control system market.
Motion control refers to all those technologies that deal with movement of objects. It includes systems that are concerned with moving parts of a machinery in a controlled way. It is a subfield of automation and is particularly useful in areas where efficiency and accuracy of movement is very important, for instance production lines. It is used in applications that need product positioning, synchronization of different elements and initiating and stopping of motion. Motion control solutions help to meet industrial automation challenges. The main components of a motion control system are energy amplifier, motion controller, and one or more actuators. It is widely used in numerous industries such as micromanufacturing, precision engineering, nanotechnology and biotechnology.
The market dynamics covered in the report "Global Motion Control Market Report By Component (Actuators & Mechanical Systems, Motors, Motion Controllers, Drives, Sensor & Feedback Devices, Software & Services), By System (Open Loop, Closed Loop), By Industry (Automotive, Semiconductor & Electronics, Food & Beverage, Aerospace & Defense, Metal & Machinery Manufacturing, Pharmaceuticals & Cosmetics, Medical, Printing & Paper, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of component the market is segmented into Actuators & Mechanical Systems, Motors, Motion Controllers, Drives, Sensor & Feedback Devices, Software & Services. By system the motion control market is categorised as Open Loop, Closed Loop. By industry the motion control market is categorised as Automotive, Semiconductor & Electronics, Food & Beverage, Aerospace & Defense, Metal & Machinery Manufacturing, Pharmaceuticals & Cosmetics, Medical, Printing & Paper, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Motion Control Market -
- Actuators & Mechanical Systems
- Motion Controllers
- Sensor & Feedback Devices
- Software & Services
- Semiconductor & Electronics
- Food & Beverage
- Aerospace & Defense
- Metal & Machinery Manufacturing
- Pharmaceuticals & Cosmetics
- Printing & Paper
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
ABB Ltd., Yaskawa, Parker Hannifin Corporation, Rockwell Automation, Inc., Bosch Rexroth AG, Schneider Electric SE, and Siemens, Fanuc, Mitsubishi Electric Corporation.
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