Press release
Motion Controller Market Demand, Growth Opportunities, Size, Share, Competitive Analysis and Market Trends by 2023
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The ongoing industrialization in developing market demands greater safety measures to check fatal accidents. More than one million workers die, due to occupational accidents every year in Asia-Pacific, which has increased the adoption of industry automation in the recent years. This in turn, is fueling the demand of motion controllers in the developing markets.
By technology, general motion control (GMC) accounted for the majority share of the global market, however computerized numerical control (CNC) is expected to witness the fastest growth during the forecast period.
Among end users, the semiconductor sector accounted for the largest market share. The advancement in the processing speed, precision, and reliability of motion controllers are fueling the growth of the motion controller market in the semiconductor industry. The growing demand of consumer electronics in Asia-Pacific has increased the demand of semiconductor and electronics assembly equipment. This is fueling the growth of the motion controller market in the region. The motion controller market is also expected to witness an above average growth in South-East Asia, owing to the large presence of rubber processing industries in the region. Manufacturing was the second largest end-user segment of motion controllers.
The market dominance of Asia-Pacific is due to high penetration of motion controller in China and Japan, which together accounted for more than 75% share of its market in the region. Europe was the second largest market of motion controllers, led by Germany, the U.K., Italy and France. The Asia-Pacific market is expected to grow at the fastest rate during the forecast period, owing to rapid industrialization in developing countries, such as India, China, and Indonesia. The market for motion controllers remains fairly low in the Middle East and Africa; however the demand of motion controller is increasing in Latin America, which is mainly led by Brazil and Mexico.
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Some of the competitors in the global motion controller market are Parker Hannifin Corporation, Schneider Electric SE, Altra Industrial Motion Corporation, Dover Motion, Moog Inc., ABB Ltd., Rockwell Automation, Siemens AG, and Bosch Rexroth AG.
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