Motion Controller Market: PLC-based Motion Controllers Hold Significant Share in Global Revenue

Motion Controllers have grown to be an integral part of the automation industry. These devices cater to a dynamic range of applications in multiple end-use industries around the globe. Motion controllers have witnessed significant growth during the past two decade owing to the increased dependence of industries on process and plant automation.

Emerged as a dedicated unit for motion control, motion controllers have evolved to advance motion controllers integrated with PCs and PLCs (programmable logic controllers). Consequently, the adoption of motion controller is growing rapidly in applications ranging from point to point pick and place systems to sophisticated automation systems.

The global motion controller market is anticipated to expand at a CAGR of 7.0% over the period between 2017 and 2025, rising from a valuation of US$1,641.5 mn in 2016 to US$3,013.0 mn by 2025.

Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8461

Multi-axis Controllers Acquire Dominant Spot

Based on type of axis, the global motion controller market has been segmented into multi axis, and single motion controller. Of these, the segment of multi axis motion controllers garnered the maximum revenue and volume in 2016, and is anticipated to expand at a significant CAGR over the report’s forecast period as well. The segment of single axis motion controller is anticipated to witness sluggish growth during the forecast period owing to requirement of additional or external power source of these devices. On the contrary, the multi axis motion controllers offer exceptionally low power consumption featured through the use of centralized power units.

PLC-based Motion Controllers Hold Significant Share in Global Revenue

Based on product type, the global motion controller market is segmented into PLC-based, standalone motion controllers, and PC based motion controllers. Among the product type, the PLC-based motion controllers contributed largest market share towards the global market in terms of volume in 2016. However, the PC based motion controllers dominated the global market in terms revenue owing to high price of these controllers as compared to other product types. Furthermore, PLC based motion controllers are anticipated to expand at the most promising CAGR of 7.7% in terms of revenue during the forecast period.

Download TOC@ https://www.transparencymarketresearch.com/report-toc/8461

Based on end-use industry, the global motion controller market is segmented into aerospace and defense, automotive, semiconductor and electronics, metal and mining, food and beverages, healthcare, pharmaceuticals, plastic, rubber, and textile. Of these, the semiconductor and electronics sector held the dominant share in the market in 2016 and is estimated to expand at a healthy pace over the forecast period as well. Applications of motion controller in food and beverages, pharmaceutical, and healthcare industry are also anticipated to register high CAGRs from 2017 to 2025.

Asia Pacific and Europe to Remain Most Promising Regional Markets

The motion controller market has examined for five regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and South America. Of these, the market in Asia Pacific acquired the dominant share of the market in 2016 and was followed by Europe. Collectively, the regions accounted for approximately 62% of the global market in the said year.

Preview Report @ https://www.transparencymarketresearch.com/motion-controllers-market.html

The market in Asia Pacific is also projected to be the one with the most promising growth opportunities and is expected to outpace other regional markets in terms of CAGR over the report’s forecast period. Steady growth in end-use industries such as semiconductor, electronics, and food and beverages is expected to be the key driver for economic growth of this region, which is anticipated to fuel the growth of motion controller market during the forecast period.

Some of the major players in the global motion controller market are ABB Ltd, Allied Motion Inc., Delta Electronics, Inc., Fuji electric, Mitsubishi Electric Corporation, National Instruments, Omron Corporation, Rockwell Automation Inc., Schneider electric, Siemens AG, Toshiba Corporation, YASKAWA Electric Corporation, and Yokogawa Electric Corporation.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/

This release was published on openPR.