Motion Controller Market by Key Players 2018-2024 ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Toshiba Corporation, and Rockwell Automation, Inc., Fanuc Corporation
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Motion Controller Market size is expected to grow at a rapid rate owing to the increasing penetration of automation across various industry verticals. The rising labor costs coupled with the need to increase the throughput, precision, and operational efficiency are encouraging the demand for high-performance automation solutions. These controllers form the core component of the automation system and function as a brain of any motion control system.
They enable the operator to gain an enhanced control over motors that run several desired output components such as conveyors in a facility. The rising need for the deployment of automated systems to combat the errors and delays caused due to the human involvement in a production process will propel the motion controller market growth.
Rapid urbanization has led to industrialization and has also given rise to numerous safety concerns pertaining to the safety of the personnel working on these machines. Industrial work requires employees to work in harsh environments and deal with hazardous chemicals. Increasing government focus on operator safety in industries has stressed the need for high-quality machines, fueling the motion controller market growth. The rise in the number of accidents in industries has led to several government organizations stressing on stringent regulations pertaining to worker safety, further boosting the motion controller market growth.
The booming manufacturing sector backed by government initiatives and investments in the industrialization and the economic development of countries will favor the motion controller market growth. Manufacturers in various regions are making huge investments in automating their production facilities to increase the productivity and enhance the operational efficiency to sustain in the condition of increasing competition. Increasing focus of manufacturing companies on fast and reliable production techniques to ensure customer satisfaction and maximum return on investment will fuel the motion controller market growth.
The demand for multi-axis motion controllers plays a key role in enabling discrete and smart multi-axis drive designs, further fueling the motion controller market growth. These systems ensure enhanced operational efficiency as compared to single-axis controllers owing to the high level of precision offered by these controllers. The demand for multi-axis controllers for high-speed and high-value applications, such as semiconductor wafer inspection, will drive the motion controller market growth.
Motion controller market will witness growth owing to the demand for CNC motion controllers that are suitable for a range of industrial applications such as picking & placing, adjustable parts holding, and palletizing & packaging. It provides precision control over machines that include loaders, presses, stamping, filling, and winding machines. Moreover, these controllers have ready-to-use pre-developed screens that ensure ease of operations. The ease of development of customized screens is further expected to encourage their adoption in industries.
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PLC-based controllers will experience a demand owing to the accuracy offered by PLCs during operations. Highly specialized and programmable microprocessor-based controllers enable enhanced motion control in manufacturing and automation to control machinery and assembly lines on factory floors. The industrially hardened and extremely stable nature of PLCs will further boost their demand. Several in-built features in PLCs coupled with the easy maintainability will support the motion controller market growth.
The motion controller market in Asia Pacific is expected to witness a rapid growth owing to the booming electronics sector in countries including China and India. The government of China is taking initiatives to boost the country’s manufacturing and automation sectors. The rising labor costs in China will also favor the industry demand. Furthermore, the developing automotive sector in India coupled with the booming robotics industry in Japan will demand high-performance automated solutions. The advent of automation and Industry 4.0 in several countries in Asia Pacific further contributes to the industry demand.
Major players operating in the motion controller market include ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Toshiba Corporation, and Rockwell Automation, Inc., and Fanuc Corporation. The industry participants are investing heavily in the R&D of automation and manufacturing processes. They are trying to expand their market presence globally by expanding the manufacturing facilities in untapped regions.
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Market share calculation in this report is not done based on companies covered in it. The calculation of Motion Controller Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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