Motion Control Market size to increase by USD 5.20 billion during 2022-2027, Integration of motion control systems with digital drives to drive the growth - Technavio

NEW YORK, Jan. 18, 2024 /PRNewswire/ -- The motion control market size is expected to grow by USD 5.20 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 5.83% during the forecast period. The integration of motion control systems with digital drives boosts market growth. Motion controllers are evolving, integrating intelligence for precision and speed. Enhanced connectivity allows seamless data transfer to SCADA networks. Integrated with digital drives, they optimize industrial processes across sectors, ensuring dynamic response and adaptability. Servo motors in new machinery drive faster production changes, fostering market growth. The increasing need for compact motion controllers is an emerging market trend. However, Competitive pricing strategy followed by low-cost Asian manufacturers hampers market growth. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample 

The market is segmented by Application (Metal and machinery manufacturing, Packaging and labeling, Robotics, Semiconductor and electronics, and Others), Product (Electronic devices, Actuators, AC drives, Motion controllers, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

Key Highlights:

• The report recognizes the following as some of the key players in the motion control market: ABB Ltd., ACS Motion Control Ltd., ADVANCED Motion Controls, Aerotech Inc., Beckhoff Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp., Moog Inc., Nanotec Electronic GmbH and Co. KG, OMRON Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp.
• Motion Control Market is fragmented in nature.
• Market to observe 5.4% YOY growth in 2023.

Market Dynamics:

The Motion Control Market is driven by the growing demand for precision and automation in various industries. Key components such as Servo Motors, Stepper Motors, Motor Drives, and Programmable Logic Controllers (PLCs) play pivotal roles. Human-Machine Interface (HMI), Actuators, Encoders, and Sensors contribute to seamless control. The integration of Motion Controllers, Industrial Robots, and Motion Planning enhances efficiency. CNC Systems ensure precise Computer Numerical Control. Feedback Systems, Linear, and Rotary Motion Systems, along with Ball Screws and Linear Guides, optimize motion. Hydraulic and Pneumatic Systems provide power, while Electronic Speed Controllers, Motion Software, and Fieldbus Communication (EtherCAT, Modbus, Industrial Ethernet) facilitate intelligent control. Machine Vision Systems, Positioning Systems, Acceleration, and Deceleration Control, Motion Amplifiers, and Torque Control Systems contribute to comprehensive motion solutions.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report

Keg Segments:

The metal and machinery manufacturing segment will be significant during the forecast period. Various contouring machines like milling, lathe, and grinding tools are vital in metal applications. Machine tools, crucial in metal industries for cutting and forming, see increased demand in the automotive and aerospace sectors. The shift from manual to CNC machines boosts accuracy and productivity, driven by design specifications and technology integration. Automation via motion control systems enhances product quality, and reduces time, and operational costs, elevating competitiveness in machine tool applications. Get a glance at the market contribution of the segments, Request a FREE Sample Report

Related Reports:

The Power Transmission Motion Control Market is poised to grow by USD 284.40 billion during 2022-2026, accelerating at a CAGR of 17.41% during the forecast period.

The emission control technology market size is estimated to grow at a CAGR of 7.14% between 2022 and 2027. The market size is forecast to increase by USD 39.09 billion.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

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SOURCE Technavio