Motion Controller Market Trend 2020: Historical Growth and Forecast to 2025
The globally flourishing electronics industry will provide ample growth opportunities to the motion controller market growth. The demand for high-end consumer electronic gadgets has contributed to the growth in the electronics sector. The trend of miniaturization has led to the demand for advanced quality automaton systems for semiconductor manufacturing. High-precision positioning required during the wafer fabrication process will fuel the motion controller industry growth. These controllers provide high-performance positioning thereby fueling the demand from the semiconductor and electronics industry.
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Real-time technical challenges during the operation of these systems will hinder the motion controller market growth. The operation of these controllers requires large-scale processing of signals for operating the drivers that will run the motors. The motion control system involves the integration of several hardware and software components thereby increasing the installation complexity of the overall system. Lack of availability of skilled technicians for the installation and maintenance of these systems will limit the industry demand. The lack of skilled labor required to handle the real-time hardware issues will also impact the motion controller industry 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 industry growth.
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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.
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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