Press release
Motion Control Global Market Report 2024 - By Demand, Share, Trends, Growth And Analysis, Forecast To 2033
Motion Control Market
Motion Control Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $59.13 billion In 2028 At A CAGR Of 10.0% :
The motion control market size has grown strongly in recent years. It will grow from $15.91 billion in 2023 to $16.82 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to innovation in entertainment and gaming, industrial automation growth , demand for robotics , increase in manufacturing activities, emphasis on precision and efficiency .
The motion control market size is expected to see strong growth in the next few years. It will grow to $20.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, rise in robotics and automation, expansion in industrial iot , demand for precision engineering, energy efficiency focus. Major trends in the forecast period include safety innovations, expansion in electric vehicles , healthcare automation, food processing automation, entertainment and gaming integration .
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Motion Control Market Major Segments
The motion control market covered in this report is segmented -
1) By Type: Computerized Numeric Control, General Motion Control, Servo drives, Position control hardware
2) By Component: Actuators and Mechanical Systems, Motion Controllers, Electric Drives, Ac Motors, Sensors and Feedback Devices
3) By Application: Metal Cutting, Metal Forming, Material Handling Equipment, Robotics, Semiconductor Machinery, Rubber and Plastics, Machinery, Other Applications
4) By Industry: Aerospace and Defense, Automotive, Semiconductor and Electronics, Metals and Machinery Manufacturing, Food and Beverages, Medical, Printing and Paper, Pharmaceuticals and Cosmetics, Other Industry
Key Driver - Automation's Impact On Motion Control Market Growth In Manufacturing Facilities
The surging adoption of automation in manufacturing facilities is expected to propel the growth of the motion control market going forward. Automation refers to the use of technology such as robots to automate tasks without manual intervention. Many industries are adopting motion-control robots to achieve maximum automation and efficiency in operations. Integration of motion control robots in manufacturing industries provides the advantage of improving productivity, quality, and safety of workers by reducing errors and waste and adding flexibility to the manufacturing process. For instance, in March 2022, according to the Manufacturing India article, an India-based agency that provides new related information to various industries, including production, automation updates, manufacturing, and automation updates, reported that wide adoption of automation had been seen in Indian manufacturing industries, and it was estimated that by 2050, approximately 85-90% of manufacturing firms in India will have adopted automation in operations. Therefore, the surging adoption of automation in manufacturing facilities is driving the growth of the motion control market.
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Prominent Trend - Product Innovations In Motion Control Market
Product innovation is the key trend that is gaining popularity in the motion control market. Major companies operating in the motion control market are focused on developing new technological solutions to strengthen their position in the market. For instance, in May 2021, Performance Motion Devices, Inc., a US-based company operating in high-performance motion control, launched its advanced motion controller known as the ION/CME N-Series digital drive with intelligent motion control amplifiers to meet high-end motion control needs in manufacturing. Intelligent motion control is a high-performance motor control drive that can control multi-phase motors such as AC and DC induction motors for sophisticated control features. The ION/CME N-Series Digital Drive provides a complete control solution with advanced features such as a flexible connection option, 1 KW output capacity, support for quadrature, a communication interface, sin/cost, and BiSS-C encoders, among others.
Motion Control Market Players
Major companies operating in the motion control market report are ABB Ltd., Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, Yaskawa Electric Corporation, Altra Industrial Motion, Parker Hannifin Corporation, Rockwell Automation Inc., Robert Bosch GmbH, Dover Motion, Omron Corporation, Novanta Inc., AMETEK Advanced Motion Solutions, Galil Motion Control, Schneider Electric SE, Emerson Electric Co., STM Microelectronics, Bosch Rexroth AG, Kollmorgen, Moog Inc., Aerotech Inc., Delta Electronics, Advanced Motion Controls, Copley Controls, Elmo Motion Control, Faulhaber Group, Harmonic Drive LLC, KEB America, LinMot USA, Maxon Motor AG
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the motion control market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motion control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Motion Control Market Report Structure
3. Motion Control Market Trends And Strategies
4. Motion Control Market - Macro Economic Scenario
5. Motion Control Market Size And Growth
…..
27. Motion Control Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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