The Motion
Control Market is anticipated to grow rapidly at
a CAGR of 6.4% and to reach USD 25,483.6 Million by the end of 2030.
The global motion control market is driven by the demand for next-generation
automated processes in manufacturing and growing integration in an array of
manufacturing applications. These factors have helped shape the motion control
market and are expected to boost the growth. Companies in the motion control
market could also face challenges such as lack of awareness and lack of
infrastructure. The details covered in the motion control market report cover
all the aspects of the industry. motion control market analysts have also
shared growth projections in the report and have suggested motion control
market players to plan growth strategies accordingly.
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
Technologies 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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