The global Motion Control Market size is expected to grow from USD XX billion in 2020 to USD 16.5 billion by 2027, at a CAGR of 2.5%.
Latest added Motion Control Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Rockwell Automation, Schneider Electric SE, Siemens, STM Microelectronics, Motion Control Corporation, Emerson Electric. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Request for Sample Copy of This Report @ https://marketdigits.com/motion-control-market/sample
This report studies the Motion Control Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Motion Control Market by companies, region, type and end-use industry.
Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ”Motion Control Market by Components (Actuators & Mechanical Systems, Controller, Drives, Motors, and Software), System Type (Open Loop and Closed Loop), Technology (Hydraulic, Electromechanical Actuation, and, Pneumatic), Application (Material handling, Robotics, and Packaging), Industry Verticals (Manufacturing, Healthcare, and Automotive) and Geography – Global Forecast To 2027″. Early buyers will get 10% customization on study.
To Avail deep insights of Motion Control Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
Unlock new opportunities in Wearable Motion Control Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
Grab Complete Details with TOC @ https://marketdigits.com/motion-control-market/toc
Growth in adoption of automation in manufacturing facilities to secure employee health & safety in the COVID-19 crisis, high adoption of advanced and automated processes in the manufacturing sector, safety-enabled productivity in industries due to stringent safety rules imposed by governments, increasing demand for industrial robots in manufacturing processes, ease of use and integration of IIoT with motion control systems are the key factors driving the growth of the motion control market.
Impact of COVID-19 on the motion control market
COVID-19 has severely impacted the global economy and all the industries throughout the globe. This is mainly due to the disruptions in the supply chain across the globe. The economies across the world have declined as there is a major decline in the demand for products. The production across industries has been limited due to the pandemic resulting in the shortage of raw material. The decline in exports and the disruptions in the supply chain are the major factors contributing to the decline in production. The motion control market is thus getting affected by COVID-19. This has resulted in a lower estimated year-on-year growth rate for 2020 as compared with 2019.
DRIVERS: High adoption of advanced and automated processes in the manufacturing sector
The increased demand for energy-efficient solutions to enhance production processes in factories across the globe has fueled the demand for high-precision automated processes. Automated processes help companies increase productivity and lower product life cycle costs. The adoption of motion control solutions is growing in many industries, but the major adoption is observed in the electronics & semiconductor, food & beverage, automotive, and chemical industries. The demand for factory automation is expected to continue to grow, owing to the increasing requirement of high-quality products. This, as a result, is projected to increase the use of motion control solutions to minimize energy consumption and maximize production.
RESTRAINT: High replacement and maintenance cost
As machinery ages, maintenance and repair become costly and, at times, impossible if spare parts are unavailable. A large number of components are required to design a motion control system, which has a direct impact on the cost of replacement and maintenance of a machine. The more types of components, the more expensive is the spare parts inventory.
OPPORTUNITIES: Industry 4.0 presents an opportunity for players in the motion control market
Industry 4.0 refers to the fourth industrial revolution, which means the merging of traditional automation with information technology. It is mainly described as the computerization of manufacturing processes. Industry 4.0 is driving the demand for smarter motion control systems to meet the growing need for higher flexibility and maximizing the overall equipment effectiveness. The concept of Industry 4.0 evolved in Europe and has been extended in the manufacturing sector globally. The introduction of Industrial Revolution 4.0 has led to the adoption of automated equipment and machinery, allowing plants to function 24/7. Industry 4.0 is characterized by the use of several modern technologies and highly automated production processes that require the installation of several sensors and components for efficient functioning.
CHALLENGES: Supply chain disruption due to the sudden outbreak of COVID-19
The major challenge for the market players in the current situation is the disruption in the supply chain due to the outbreak of the COVID-19 pandemic. Various rules and regulations have been imposed by the governments across the globe to curb the spread of the virus, e.g., restrictions on the export and import of products and raw materials. This has led to a major disruption in the supply chain throughout the world, resulting in a shortage of raw materials used in various industries.
“Automotive Industry to grow at the fastest rate during the forecast period”
The industry has been experiencing rapid developments in terms of manufacturing and technology. Automobile manufacturers are upgrading systems, adding inspection and networking capabilities, and taking advantage of integration to produce a better, cheaper product in lesser time. There is a high demand for servo drives, controllers, and motors across the globe since they help to enhance the efficiency of production and manufacturing facilities in the automotive industry. These drives, controllers, and motors are important components of motion control systems. Moreover, the global demand for motion control components such as servo drives, controllers, and motors is increasing as they help enhance the efficiency of production processes and manufacturing facilities in the automotive industry.
“Closed-loop system to hold the largest share of Motion Control market by 2027”
The adoption of closed-loop systems is high as the process is automated, and no human intervention is required. A closed-loop system can automatically adjust the systems’ inputs, improve the stability of a system, reduce system sensitivity, increase robustness, and create a reliable system without human intervention. Due to these factors, the adoption of a closed-loop system is rising.
“Motion Control market in APAC to grow at the highest CAGR”
The growth is attributed to the increasing industrial activity, along with the demand for faster and accurate motors and drives to achieve a higher production output. The increasing demand for energy-efficient production processes coupled with the need for software systems is fostering the growth of the motion control market. High growth observed in machine tool production and other sectors related to the production of smartphones and automobiles, which include electronics assembly, semiconductor machinery, and customized robots for different applications, is also supporting the growth of the motion control market in APAC.
Key Market Players
ABB Ltd. (Switzerland), Parker Hannifin Corporation (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), and Siemens (Germany), Fanuc (Japan), Yaskawa (Japan), Mitsubishi Electric Corporation (Japan), Bosch Rexroth AG, (Germany). are a few major players in motion control market.
Scope of the Report
This research report categorizes the motion control market by component, system, industry, and region.
- Actuators & Mechanical systems
- Motion Controllers
- Sensor & Feedback Devices
- Software & Services
- Open Loop
- Closed Loop
- Semiconductor & Electronics
- Food & Beverage
- Metal & Machinery Manufacturing
- Pharmaceuticals & Cosmetics
- Printing & Paper
- North America
- Asia Pacific (APAC)
- Rest of the World (RoW)
- In February 2020, Rockwell Automation acquired ASEM. This acquisition is expected to help Rockwell to strengthen its portfolio of control and visualization solutions and improve the company’s ability to deliver high-performance, integrated automation solutions.
- In September 2020, SIMATIC MICRO-DRIVE, a servo drive system, was launched for a protective extra-low voltage system. It can be used flexibly for motors and connecting cables of selected product partners. The launch of this product has expanded the product portfolio of siemens for extra-low voltage range.
- In June 2020, Parker Hannifin has extended its Parker Servo Drive (PSD) family of products with the launch of a fully programmable drive. The programmable PSD is an intelligent standalone servo drive, which is fully programmable via IEC 61131-3 with runtime based on the widely distributed CODESYS V3.
Any Questions? Inquire Here Before Buying @ https://marketdigits.com/motion-control-market/analyst
About MarketDigits :
MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.
USA : +1 847 450 0808
Email : firstname.lastname@example.org