openPR Logo
Press release

Motion Control Market by Region - North America, Latin America, Europe, Japan, APEJ, MEA; Component Types - Motion Controllers, AC Drives, AC Servo Motors, Sensors & Feedback Services, Actuator & Mechanical Systems, Others; End User - Food & Beverage, Pla

11-01-2018 09:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Motion Control Market by Region - North America, Latin America,

As automating the factory floor is becoming a recent trend in various industries, adoption of the motor control continues to increase. Increasing production of electronics and electronic equipment has continued to contribute towards growth of the global motion motors market during the forecast period. Increasing production of electronic and automotive products has revved up the need for integrating various components. Manufacturers are increasingly adopting the motion control systems in the various industries in order to automate the production process in a cost-effective and faster manner. Adoption of the PC-based controllers and microcontrollers continues to witness significant adoption among the industrial manufacturers globally.

According to Fact.MR, the global motion control market is expected to represent a value of nearly US$ 25,000 Mn by the end of 2026.

Demand for the ready-made graphical user interface enables the end users to tune the control and programming process conveniently. As the requirement for bottling, packaging, stacking, laser cutting and labelling increases, manufacturers are focusing on adopting leading technology that incorporated the manufacturing process with the distributed intelligence. Moreover, manufacturers are further focusing on developing the motion controllers that are equipped with the smart actuators that synchronizes and speeds up the production process. Growing need for quick transportation of the heavy components and equipment during the production process has led to an upsurge in adoption of the motor control systems in the manufacturing industry.

Request 170 Pages Sample Report Now: 

https://www.factmr.com/connectus/sample?flag=S&rep_id=335
Product Innovation to Underscore Lucrative Growth Opportunities

Growing need for simplified designing process is expected to rev up sales of the motion control systems during the forecast period. As it is a cost effective option, manufacturers continue to witness significant demand for the motion control systems in the global market. Adoption of the motion control system also enables the manufacturing industries to reduce cost of employing laborers for the production process. Equipped with intelligent technology, adoption of the motion control systems simplify the process of operating the machines.

A recent trend witnessed in various industries is increasing adoption of collaborative robotics equipped with smart actuators. Growing need for conveyor application has led to surge in demand for advanced motion technology and independently controlled movers. Adoption of advanced motion technology allows the alerts the operators regarding the status of production process, detect the mechanical changes and load during the manufacturing process. These factors will continue to boost growth of the global motion control market during the forecast period. 

Gaming Equipment to Boost Sales

Surge in demand for gaming products has led to increasing production of various gaming equipment. Adoption of gaming controllers in various gaming equipment to detect is expected to sales of the motion control systems significantly. Motion-controlled gaming system enables the end users to interact with the user interface through the body movement. Moreover, the gaming products are mainly equipped with handheld hardware controllers and a camera in the console, which tracks the movement of the end user. Increasing production of the handheld hardware controllers and gaming equipment such as PS3 is expected to rev up demand for the motion control systems in the electronic industry. Bound to these factors, the global motion control market is expected to witness significant growth during the forecast period.

Machinery to Represent a Leading Segment

Growing need for precise control of the linear or angular position has led to an upsurge in demand for the AC servo components globally. On the basis of component type, the AC servo segment is expected to represent a significant revenue growth, accounting for a value of over US$ 2,400 Mn by the end of 2026. On the other hand, the others component type segment is expected to register the highest CAGR throughout the forecast period.

Based on end users, the machinery segment is expected to generate significant revenues, recording a value of over US$ 1,300 Mn by the end of 2017. However, the others end user segment is expected to register a healthy CAGR through 2026.

By application, the metal cutting segment is expected to represent the highest revenue growth, accounting for a value of over US$ 1,700 Mn by the end of 2026. In contrary, the robotics application segment is expected to register a robust CAGR during the forecast period.

On the basis of technology, the computer numerical control segment is expected to represent a robust revenue growth, recording a value of over US$ 3,900 Mn by the end of 2026. Moreover, the computer numerical control technology segment is expected to register a significant CAGR throughout the forecast period.

Competition Tracking

Leading market players operating in the global motion control market include Fanuc Corporation, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Inc, Siemens AG, Robert Bosch GmbH, Parker-Hannifin Corp, ABB Ltd Schneider Electric S.E and Moog Inc.

Report Analysis at https://www.factmr.com/report/335/motion-control-market

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Motion Control Market by Region - North America, Latin America, Europe, Japan, APEJ, MEA; Component Types - Motion Controllers, AC Drives, AC Servo Motors, Sensors & Feedback Services, Actuator & Mechanical Systems, Others; End User - Food & Beverage, Pla here

News-ID: 1344669 • Views:

More Releases from Fact.MR

Ice Skating Equipment Market worth is poised to reach US$ 1478 Billion in 2033
03-28-2024 | Sports
Fact.MR
Ice Skating Equipment Market worth is poised to reach US$ 1478 Billion in 2033
The global ice skating equipment market garnered a market value of US$ 6.87 Billion in 2022 and is expected to accumulate a market value of US$ 16.26 Billion by registering a CAGR of 9% in the forecast period 2023-2033. Ice skating is a popular activity observed in numerous snow-clad regions around the world, serving various purposes including exercise, leisure, and excitement. This recreational pursuit can occur in specially prepared ice arenas
Global Barcode Software Market is predicted to be valued at US$ 1.4 Billion by 2032
Global Barcode Software Market is predicted to be valued at US$ 1.4 Billion by 2 …
The barcode software market is predicted to grow at a moderate CAGR of 6.3% over the forecast period of 2022 to 2032. The barcode software market is estimated to achieve a net worth of about US$ 1.4 Billion in the year 2032, improving from US$ 694.9 Million recorded in 2021. For more insights into the Market, Get A Sample of this Report! https://www.factmr.com/connectus/sample?flag=S&rep_id=7368 The barcode software market emerges as a crucial enabler of
Hardware Acceleration is forecasted to accelerate at a commendable CAGR of 51% from 2023 to 2033
Hardware Acceleration is forecasted to accelerate at a commendable CAGR of 51% f …
The global hardware acceleration market stands at US$ 2.87 billion in 2023. Worldwide demand for hardware acceleration technology is projected to skyrocket at a CAGR of 51% and reach a market value of US$ 177 billion by 2033. Hardware acceleration refers to the use of specialized hardware components to perform specific tasks more efficiently than general-purpose processors. This technology has gained significant traction across various industries due to its ability to
03-28-2024 | Food & Beverage
Fact.MR
Marine Collagen Ingredients Market value is projected to reach US$ 2,320.6 milli …
According to Fact.MR analysis, the marine collagen ingredients market is poised for steady growth in the coming years. The market's overall value is anticipated to exceed US$ 2,320.6 million by the year 2033, a significant increase from US$ 1,076.8 million recorded in 2023. Projections indicate a robust compound annual growth rate (CAGR) of 8.0% during the assessment period spanning from 2023 to 2033. Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8704 In recent

All 5 Releases


More Releases for Adoption

Rising Adoption Of The Internet Of Things To Widen Adoption Of Wireless Network …
250 Pages Wireless Network Test Equipment Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth. The report offers actionable and valuable market insights
Cobwebfinance Mass Adoption
ABSTRACT Ethereum Network has proven itself as the worlds first ecosystem for permissionlesss, transparent and immutable software Application. These software Application typically taking the form of smart contracts can all seamless interact with each other. To facilitate this process various standard protocols have been developed such as ERC20 standard for a common Token format so that these smart contracts can pass scarce, owned, transferable data between one another without a centralized mediator About
Growth In SCADA Systems Adoption
The global relay and industrial control manufacturing market, a part of the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 8% during the historic period. The electrical and electronics manufacturing industry showed a steady growth. The growth is mainly due to high demand for motor starters and controllers from automobile, FMCG and machinery manufacturing industries. In the forecast period, the global relay and
Growing Adoption of Veterinary Care Services to Bolster Adoption of Canine Stem …
Persistence Market Research (PMR) has published a new research report on canine stem cell therapy. The report has been titled, “Canine Stem Cell Therapy Market: Global Industry Analysis 2016 and Forecast 2017–2026.” Veterinary research has been used in regenerative and adult stem cell therapy and has gained significant traction over the last decade. Canine stem cell therapy products are identified to have gained prominence over the past five years, and
Commercial Pharmaceutical Analytics Market 2027 Adoption Of New Technologies fro …
Market Research Future published a cooked research report on “Global Commercial Pharmaceutical Analytics Market Research Report - Forecast to 2027– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Global Commercial Pharmaceutical Analytics Market - Overview Analytics is basically a tool for the mining of huge amount of scattered data, processing the data in order to align it into a useful information. This processed data can then be used
Growing Adoption of Veterinary Care Services to Bolster Adoption of Canine Stem …
Persistence Market Research (PMR) has published a new research report on canine stem cell therapy. The report has been titled, “Canine Stem Cell Therapy Market: Global Industry Analysis 2016 and Forecast 2017–2026.” Veterinary research has been used in regenerative and adult stem cell therapy and has gained significant traction over the last decade. Canine stem cell therapy products are identified to have gained prominence over the past five years, and