Motion Control Market Research Report, Emerging Technologies, Future Plans and Trends by Forecast 2027

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.

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.

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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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 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.

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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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Smart Building Market Profits, Comprehensive Landscape, Current and Future Growth by Forecast to 2027 | COVID-19 Effects

 Market Overview

The global Smart Building Market will touch USD 25,725.0 million at a 17.44% CAGR during the forecast period 2019- 2025, states the latest Market Research Future (MRFR) analysis. A smart building, put simply, is a structure which uses automated processes to control different building operations automatically like ventilation, energy management, security, heating, air conditioning, and other systems. It is equipped with different forms of smart devices and electronic components like microprocessors, microcontrollers, microchips, and sensors for collecting and processing pertinent data and managing them in controlling operations of the building automatically.

Various factors are fuelling the global smart building technology market growth. As per the recent MRFR market estimates, such factors include the growing adoption of IoT-enabled building management system, growing awareness about space utilization, rising industry standards and regulations, increasing need for energy-efficient buildings, rising government initiatives to encourage smart infrastructure, and emergence of 5G technology.

On the contrary, lack of infrastructure and technical expertise in developing countries, lack of coordination and cooperation among standard bodies, the COVOID-19 impact, and increasing concerns on data privacy and security may limit the global Smart Building Market growth over the forecast period.

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Key Players

The Key Players of the Global Smart Building Market are Control4 Corporation (US), United Technologies Corporation (US), HCL Technologies Limited (India), Panasonic Corporation (Japan), Advantech Co. Ltd (Taiwan), Johnson Controls International PLC (Ireland), Hitachi Ltd (Japan), Sony Corporation (Japan), IBM Corporation (US), Cisco Systems (US), Honeywell International, Inc. (US), Emerson Electric Co. (US), GEZE GmbH (Germany), Overkiz (France), ABB Group (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Legrand SA (France), and Huawei Technologies Co. Ltd, (China).

Smart Building Global Market   - Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global smart building market based on automation and application.

By automation, the global smart building market is segmented into network management system, infrastructure management system (parking management system, smart water management system, and elevators and escalators management system), building energy management system (lighting control system, HVAC control system, and energy management system), and intelligent security system (emergency management system, access control system, and video surveillance system). Of these, the building energy management system segment will lead the market over the forecast period.

By application, the global smart building market is segmented into residential, government and public infrastructure, industrial, and commercial. Among these, the commercial application segment will dominate the market in the forecast period.

Smart Building Market   - Regional Analysis

By region, the global smart building market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Reduction in management costs, growing awareness for energy and water management, safety and security, emergence of latest smart building solutions which leverage new technologies like artificial intelligence, deep learning, data analytics, cloud computing, big data, and IoT for saving energy, increasing occupancy comfort, reducing operational expenditures, and meeting increasingly strict global regulations and sustainability standards, technological developments in Canada and the US, heavy investments being made by US organizations into smart building measures like building systems integration and building controls for leveraging energy storage and energy efficiency and also deliver safer, more sustainable, and smarter buildings, and the Canadian government taking initiatives for supporting the countries commitment to safeguard the environment and its resources via making federal buildings highly energy efficient and cutting down greenhouse emissions are adding to the global smart building market growth in the region.

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

Media Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

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Email: sales@marketresearchfuture.com

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Proximity Sensor Market Size, Share, Opportunities and Emerging Technologies - Forecast to 2027

Market Synopsis

The Global Proximity Sensor Market is slated to rise from USD 2,325.4 million in 2018 to USD 3.63 billion by 2025, at a CAGR of ~7% during the forecast period. 

Drivers and Restraints

With the introduction of non-contact sensing technology, the complexity of the system can be minimized to some degree. This is the primary reason why sensing components, like a proximity sensor, are increasingly needed. In the automotive and aerospace & defense sectors, proximity sensors are used in great part. Growth of sophisticated monitoring and safety technologies in the automotive industry is generating increased demand for proximity sensors. Additionally, growth in industrial automation is another leading factor driving proximity sensor market growth. With the continuous reduction in the size of automation equipment, manufacturers of proximity sensors are working to build lightweight and compact sensor package designs. The rising industrial automation has emerged as a relatively more desirable place for organizations around the world to invest. Dependence on robots in industrial controller mechanisms is an proven trend which paves the way for wider and wider adoption of industrial control and automation equipment. The rise in automation of complex manufacturing processes has increased the demand for components capable of providing essential production process data. However, limitations in sensing capabilities and other sensor availability at a lower cost can hinder the growth of the proximity sensor market.

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Segmentation

The market for proximity sensors was segmented based on technology, end user, and area.

The market was segmented into inductive, capacitive, photoelectric and magnetic based on the technology.

The market has been segmented on the basis of end users into aerospace & defence, automotive, manufacturing, consumer electronics, food & beverage, and others.

Regional Evaluation

The proximity sensor industry geographic research was carried out for North America, Europe, Asia-Pacific, Middle East & Africa and Central and South America.

Asia-Pacific holds the largest market share in the global proximity sensor market due to increased smartphone production in that area. Industrial automation growth in Asia-Pacific is also one of the major drivers in this area for the proximity sensors. In addition, during the forecast era, demand for proximity sensors in the manufacturing and consumer electronics sector is also expected to rise at a significant pace. North America has the second-largest position in this market because of the presence of key market players such as Rockwell Automation and Honeywell in the region. Proximity sensor industrial applications need a durable system to withstand harsh environmental conditions. North America is one of the largest industrial automation markets that involves the introduction of the latest technological advances. Tech giants, including Apple Inc., are putting their energies into smartphone technologies with proximity sensor applications. During the forecast period the European market is projected to expand at a significant pace. This is due to the tight government regulations on automobile safety and the rise of the demand for connected cars. The Near East and Africa, followed by South America, are expected to rise moderately in the coming years due to rising investments in new technologies by the government of these regions.

Key Players

The key players in the proximity sensor market are Avago Technologies Inc. (Singapore), Schneider Electric (France), Panasonic Corporation (Japan), Balluff GmbH. (Germany), Hans Turck GmbH & CO., KG. (Germany), Pepperl + Fuchs GmbH (Germany), Rockwell Automation (US), Omron Corporation (Japan), Honeywell International Inc. (US), and Sick AG (Germany).

Other prominent players studied for the Proximity Sensor market are IFM Electronic GmbH (Germany), Fargo Controls (US), Gimatic S.r.l. (Russia), Bernstein AG (Germany), Baumer Holding AG (Germany), and Schmersal (Germany), among others.

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

Media Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com