According to Stratistics MRC, the Global Motion Control Market is accounted for $15.19 billion in 2020 and is expected to reach $21.60 billion by 2028 growing at a CAGR of 4.5% during the forecast period. An increase in acceptance of advanced and automated processes for factory automation, growing demand for industrial robots in manufacturing processes, and ease of use and incorporation of components within motion control systems are driving the market growth. However, an increase in labour costs, difficulty with the machine tools is hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period. The main reason is that the whole province is either highly industrialized or is industrializing promptly. The demand for motion control robots and other devices is high in the province because it has a large number of manufacturing companies, especially in the electronics industry. Asia-Pacific region needs motors that operate quickly and with complete accuracy.
Some of the key players profiled in the Motion Control Market include ABB Ltd, Fanuc Corporation, Microsoft Corporation Inc., Mitsubishi Electric Corporation, Moog Inc, Parker-Hannifin Corp, Performance Motion Devices Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric S.E, Siemens AG, YASKAWA Electric Corporation.
Types Covered:
• Computerized Numeric Control
• General Motion Control
• Position Control Hardware
• Servo Drives
Systems Covered:
• Open Loop
• Closed Loop
Products Covered:
• Programmable Logic Controller (PLC)-Based
• Personal Computer (PC)-Based
• Stand-Alone
Components Covered:
• Alternating Current (AC) Drives
• Alternating Current (AC) Motors
• Actuators & Mechanical Systems
• Electric Drives
• Motion Controllers
• Motors
• Sensor & Feedback Devices
• Servo Motors
• Software & Services
Technologies Covered:
• Pneumatic
• Electromechanical Actuation
• Hydraulic
Applications Covered:
• Assembly/Disassembly
• Conveyor System
• Inspection/Measuring
• Material Handling Equipment
• Metal Cutting
• Metal Fabrication
• Metal Forming
• Positioning
• Robotics
• Slicing, Shearing, and Cutting
End Users Covered:
• Aerospace & Defense
• Automotive
• Chemical Industry
• Construction
• Discrete Manufacturing
• Food & Beverage
• Healthcare
• Infrastructure & Utilities
• Logistics
• Medical
• Metal & Machinery Manufacturing
• Oil & Gas
• Packaging & Labelling
• Pharmaceuticals & Cosmetics
• Plastic and Rubber
• Printing & Paper
• Semiconductor & Electronics
• Textiles
• Transportation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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