Motion Control Market - Revenue Surge Motivated by New Product Offerings, reports Fact.MR study | Major Players - Fanuc Corporation, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Siemens AG
This Fact.MR report states that the global motion control market is likely to exhibit growth at 5.0% CAGR during the forecast period until 2026. The research study is an ideal compilation of researched data which represents various trends influencing the global motion control market. The diligent division of information in order to educate investors, manufacturers and regular readers proves highly effective. The dominant market growth factors are mentioned below in order to unravel the actual scenario prevailing in the motion control market.
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Upsurge in Demand for Gaming Equipment Proves Constructive for Motion Control Market
Significant demand for motion controllers has been positively driven through the rising production of gaming equipment. The surging need for handheld hardware controllers as well as movement sensors as part of gaming products has caused an upsurge in implementation of the gaming and motion controllers. Furthermore, different manufacturers have started to focus on the incorporation of cameras in gaming consoles and other products, which are used to sense the movement of the users. All these factors are projected to contribute to uplift the global motion control market during the stated forecast period.
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Sales of AC Servo Components Likely to Pump Up
Due to high-end requirement for precision and accuracy as part of manufacturing processes, demand for AC servo components are likely to receive greater traction. On the basis of revenue, the AC servo component type segment is projected to deliver momentous revenue growth, ranging more than US$ 2,400 Mn by 2026-end. On the other hand, the others component type segments are expected to replicate a robust CAGR during the stated forecast period. It has been noted that, computer numerical control technology would outpace the general motion control technology, as it is anticipated to record more than US$ 3,900 Mn by 2026-end.
The closure of this intelligent Fact.MR study comes with the examination of all the leading players operating in the global motion control market. Each of the mentioned manufacturers have been attentively discussed on the basis of company overview, product overview, key developments, SWOT analysis and key financials. The prime market players mentioned in the report are Fanuc Corporation, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, Rockwell Automation, Inc, Robert Bosch GmbH, Siemens AG, Parker-Hannifin Corp, Moog Inc. and ABB Ltd Schneider Electric S.E.
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