Press release
Motion Controllers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
The key driving factors for motion controllers market are increasing venture by manufacturing companies and rising concern for industrial safety. Moreover, immense developments of automation market along with rapid globalization have collectively increased the demand for huge production capacity within limited time frame. Thus there has been a surge in implementation of automation systems in industries worldwide. Different geographical drivers are also accountable for the growth of this market. In addition, demand from developing countries, such as India, China and Brazil are expected to create opportunities for motion controllers market in the future. However, high manufacturing cost and lack of skilled workers are hindering the growth of the market. This challenge has to be addressed by manufacturers in order to ensure efficient applications of motion controllers.
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Global motion controllers market can be broadly classified on the basis of technology, application and geography. By technology, the market for motion controllers has been broadly segmented into computerized numerical control and general motion control. Usage of these controllers is much simpler in general motion control machines compared to computerized numerical control machines. The market can be subdivided by application into automotive, machinery manufacturing, logistics, aerospace and defense, electronics and semiconductor, food and beverage, medical, paper and printing, oil and gas and energy. Machinery manufacturing, logistics and electronics and semiconductor are the major sectors which are expected to grow at a significant rate during the forecast period from 2015 to 2021. The major reason is attributed to potential demand for process automation and industrial safety in these sectors. By geography, the global market for motion controllers has been classified into North America, Europe, Asia Pacific and Rest of the World.
In the present scenario, the market for motion controllers is dominated by Asia Pacific in terms of revenue, followed by North America and Europe. The major factor responsible for potential development of this market in Asia Pacific is huge adoption of these devices coupled with rapid technological advancement. However, North America and Europe is anticipated to grow at a significant rate in the future, primarily due to huge investment by manufacturing industries along with increase in industrialization.
Some of the major players in this market are Schneider Electric (France), Siemens AG (Germany), Parker Hannifin Corp. (U.S.), Yaskawa Electric Corp. (Japan), ABB Ltd. (Switzerland), Moog Inc. (U.S.), Bosh Rexroth AG (Germany), Altra Industrial Motion Corporation (U.S.), Dover Motion Systems (U.S.) and Rockwell Automation (U.S.).
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