Global Motion Control Market Overview
The key driver impacting the motion control market is the increasing demand for industrial robots in manufacturing processes is, estimated to augment motion control demand in the forecast period. For instance, Globally Companies are augmenting their use of robots. The International Federation of Robotics (IFR), report shows that worldwide average of industrial robots per 10,000 manufacturing workers increase from 66 in 2015 to 85 in 2017. The incorporation of artificial intelligence and other improvements in robotics (e.g., better sensors, better machine vision, etc.), the robotics promises to see significantly enhanced pricing and performance over the coming years. The recent World Robotics 2020 Industrial Robots report presents that over 2.7 million industrial robots operating in factories globally with a rise of 12%. In 2019, the sales of new robots remain high, with 373,000 units shipped worldwide. Moreover, an increase in investments and projects by manufacturing industries and an increase in concern for industrial safety and qualitative output contribute to market growth in the forecast period. Whereas with regards to volume,the market was calculated XX Units in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global motion control market size was valued at around USD 15000 million in 2020 and is estimated to grow at a CAGR of about 2.5% during the forecast period 2021 to 2027.
The high adoption of advanced and automated manufacturing sectors is estimated to augment motion control demand in the forecast period. For instance, As per the World Economic Forum, only 35% of the time is likely to spent on manual routine work, and around 60% work process is expected to be automated by 2030. By 2035, jobs with high automation potential will be closer to 35-50% for manufacturing, transportation and storage, and retail trade sectors. However, the High replacement and maintenance cost may hamper the market in the long run. Also, the lack of a skilled workforce in the automation field negatively impacts the market. The current industry trends, such as the current trend of Industry revolution 4.0 and the growing integration of motion control systems with programmable logic controller (PLC) and human-machine interface (HMI), are likely to provide market players with new market opportunities.
The motion control market is vast, with many local and global players. The motion control market is extensive, with many local and international players. The key leaders follow different strategies to advance their market status, such as contracts, extending product portfolio, acquisition, amalgamation, and product upgrades, to enlarge their market share across the globe. For instance, In September 2020, a servo drive system SIMATIC MICRO-DRIVE introduced a protective extra-low voltage system. It can be utilized flexibly for motors and connecting cables of particular product partners. The significant players studied in the report are ABB Ltd., Yaskawa, Parker Hannifin Corporation, Rockwell Automation, Inc., Bosch Rexroth AG, Schneider Electric SE, and Siemens, Fanuc, Mitsubishi Electric Corporation.
In this research report, the motion control market is segmented by component, system, industry and region.
Analysis by Component:
By component, the report is segmented into the sensor & feedback devices, drives, actuators & mechanical systems, motion controllers, motors, and software & services. The motion controllers dominate the component segment with a 20% share in 2020. It is because motion controllers are the main component of an automation system, which allows the operator to get enhanced control over motors that run numerous output components such as conveyors in a manufacturing unit. Moreover, the rising need to deploy automated systems to minimize the errors and delays caused by human involvement in a production process drives demands for motion controller components in the forecast period.
Analysis by System:
By system, the report is categorized into open-loop and closed-loop. The closed-loop dominates the system segment with over 55% share in 2020. Due to the increasing adoption of closed-loop systems, it is high as the process is automated, and no human intervention is required. Moreover, a closed-loop system can automatically adjust the systems’ inputs, improve the system's stability, minimize system sensitivity, high robustness, and create a reliable system without human intervention, contributing to the high demand for closed loops in the forecast period.
Analysis by Industry:
By industry, the report is categorized into automotive, semiconductor & electronics, food & beverage, aerospace & defense, metal & machinery manufacturing, pharmaceuticals & cosmetics, medical, printing & paper, and others. The semiconductor & electronics sector dominates the industry segment with over 20% share in 2020. It is due to the rising use of motion controls in the semiconductor industry as motion controls provide high accuracy, extreme precision, and high output. Moreover, the rapidly increasing demand for electronic items among consumers is expected to drive the market demand from the semiconductor and electronics sector in the forecast period.
Analysis by Region:
In the regional outlook of the global motion control market, the North America region dominates globally with a 30% market share during the forecast period. It is due to the early technology adoption and Adoption of advanced technologies in the manufacturing industry in the US. Moreover, increasing automation in manufacturing facilities in Canada and expansions by key players across Mexico contributes to its growth across North America.
Market Segmentation covered in the Report:
- 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
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