Motion Controller Market to Surge with USD 3,670.30 Million Expansion by 2027, According to TMR Study

The global Motion Controller market is estimated to attain a valuation of US$3,670.30 Mn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 7.82% during the forecast period, 2019 - 2027.

The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Motion Controller industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.

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Thriving Industrial Sector in Asia Pacific to Remain a Strong Force for Global Market

Geographically, the market in Asia Pacific, which is domicile to some of the leading companies operating in the field of motion controllers, has been a prime player in terms of innovations and technological advancements in the area. Moreover, the increased adoption of smart manufacturing techniques to achieve plant-wide optimization, sustainable production, and data inter-operability across a number of steadily expanding end-use industries has also solidified the region's position in the global market. Accounting for over 30% of the global market in 2018, the region is likely to hold on to its top spot by registering an impressive 9.3% CAGR from 2018 to 2017.

In terms of technology, the segment of general motion controller contributed the dominant share in global revenue in 2018 and is anticipated to expand at a promising CAGR of 7.5% over the report's forecast period. The segment of CNC motion controllers is anticipated to register a decent CAGR over the forecast period owing to the rising adoption of CNC machines in manufacturing and metal industries in developing economies such as Vietnam, Brazil, South Africa, and Australia.

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Attempts Made to Establish Smart Manufacturing Facilities Compel Increased Adoption

The global motion controller market is chiefly driven by the increasing adoption of plant and process automation across industries that are inclined towards establishing smart factories and smart manufacturing processes in their ecosystems as a way of achieving high productivity, efficiency, and process optimization. This is especially true for developing geographies such as Asia Pacific and South America. With increasing investment of government and private bodies in manufacturing and process industries, emerging economies of China, India, Indonesia, and Vietnam in these regions are fueling the adoption of a variety of global motion controllers.

The global motion controller market is also driven by a vast set of factors including the need for higher throughput from industries with improved accuracy and greater equipment efficiency and rising concerns regarding the safety of human resources in industries with difficult operation environments. However, factors such as the low availability of skilled labors could hinder the growth prospects of the global motion controller market during the forecast period.

This review of the global motion controller market is based on a recent market research report by Transparency Market Research, titled "Motion Controller Market (Type of Axis - Multi Axis, and Single Axis; Technology - General Motion Controller and CNC Motion Controller; Product - PLC Based Motion Controller, Stand-alone Motion Controller, and PC Based Motion Controller; Industry Vertical - Aerospace and Defense, Automotive, Semiconductor and Electronics, Metal and Mining, Food and Beverages, Healthcare, Pharmaceuticals, Plastic and Rubber, and Textile) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027."

The list of key players operating in the Motion Controller market includes following names:

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,Yokogawa Electric Corporation.

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For the study, the market has been segmented as follows:

Motion Controller Market, by Type of Axis

Multi Axis
Single Axis

Motion Controller Market, by Technology

General Motion Controller
CNC Motion Controller

Motion Controller Market, by Product

PLC Based
Stand Alone
PC Based

Motion Controller Market, by End-use Industry

Aerospace and Defense
Automotive
Semiconductor and Electronics
Metal and Mining
Food and Beverages
Healthcare
Pharmaceuticals
Others (Plastic and rubber, Textile, etc.)

Motion Controller Market, by Geography:

North America
The U.S.
Canada
Rest of North America
Europe
Germany
The U.K.
France
Italy
Spain
Russia
Hungary
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Vietnam
Rest of Asia Pacific
Middle east and Africa
Saudi Arabia
Iran
Turkey
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

Motion Controller Market: Assessment of Avenues and Revenue Potential in Key Geographies

Some of the key aspects that the study analyzes and sheds light are:

Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Motion Controller market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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