Press release
Motion Control Market Growth: Key Drivers, Market Scale, and Top Trends Forecast till 2025
Motion Control Market Size
The motion control market expansion has been significant recently and is expected to experience robust growth in the coming years. Here are the key figures:
• The market size will grow from $16.69 billion in 2024 to $17.59 billion in 2025, signifying a CAGR of 5.4%. The growth is driven by advancements in entertainment and gaming, industrial automation, increased demand for robotics, manufacturing activities, and a focus on precision and efficiency.
• The market size is forecasted to reach $22.25 billion by 2029 with a CAGR of 6.1%. This growth can be attributed to industry 4.0 and smart manufacturing, increased robotics and automation, industrial IoT expansion, demand for precision engineering, and a focus on energy efficiency.
What Is Driving The Growth In The Motion Control Market?
The motion control market's growth is primarily driven by the escalating adoption of automation in manufacturing facilities. Automation, particularly the use of motion-control robots, enhances productivity, quality, safety and reduces errors and waste, adding flexibility to the manufacturing process. For instance, by 2050, it's estimated that 85-90% of manufacturing firms in India will have adopted automation in operations, as reported in March 2022 by Manufacturing India.
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Who Are the Key Players Driving Motion Control Market Growth?
The motion control market growth is spearheaded by the following key players:
• 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
What Are The Key Trends In The Motion Control Market?
Major trends observed in the motion control market include:
• Innovations in safety
• Expansion in electric vehicles
• Automation in healthcare
• Automation in food processing
• Integration with entertainment and gaming
What Are The Segments Of The Global Motion Control Market?
The global motion control market is segmented as follows:
• By Type: Computerized Numeric Control, General Motion Control, Servo Drives, Position Control Hardware
• By Component: Actuators And Mechanical Systems, Motion Controllers, Electric Drives, AC Motors, Sensors And Feedback Devices
• By Application: Metal Cutting, Metal Forming, Material Handling Equipment, Robotics, Semiconductor Machinery, Rubber And Plastics, Machinery, Other Applications
• By Industry: Aerospace And Defense, Automotive, Semiconductor And Electronics, Metals And Machinery Manufacturing, Food And Beverages, Medical, Printing And Paper, Pharmaceuticals And Cosmetics, Other Industries
Which Region Leads The Motion Control Market?
Asia-Pacific was the largest region in the motion control market in 2024 and is expected to remain the fastest-growing region in the forecast period. Other regions covered in the market report are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Motion Control Market Global Market Report?
- Market Size Analysis: Analyze the Motion Control Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Motion Control Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Motion Control Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Motion Control Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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