Motion Control Market
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.
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.
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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.
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 Motion
Controller System 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.
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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complete Report @ https://www.marketresearchfuture.com/reports/motion-control-market-1929
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