Increasing adoption of automated processes in different industry verticals is driving the global motion control market.
Covid-19 Impact & Market Status
Covid-19 led disruption has changed the approaches to software, hardware, and service security. The key trends that have influenced the growth of Global Motion Control Market in 2021 and beyond are growing demand for personalization, optimism in manufacturing, digitalization, industrial internet of things adopted for better visibility into status and performance of industrial equipment, edge computing, introduction of advanced control technologies, growing importance of multi-factor motion control systems, and other such factors. Also, increasing adoption of wireless technologies, growing penetration of Internet of Things are also influencing the growth of Global Motion Control Market. Furthermore, technological advancements in blockchain technology, cloud computing are positively impacting the global access control market.
This report offers a comprehensive overview of the key elements of the market such as drivers, restraints, opportunities. Furthermore, current market size, growth rate estimates through the forecast span 2021-2028, individual sectors and sub-sectors, countries, and regions contributing majorly to the growth of Global Motion Control Market are studied in the report. The report gives some recommendations and solutions that help market players take informed decisions in the Global Motion Control Market.
Motor Segment Poised for Rapid Progress
The global motion control market is classified motion controller, drives, motor, feedback device on the basis of component. Among these, the motor segment accounted for substantial market share in global motion control market and is anticipated to grow with highest CAGR in forecast years 2021-2028.
Closed-loop System Segment Likely to Possess the Best Market Share
The global motion control market is classified into closed-loop system and open loop on the basis of system. Among these, the closed-loop system is probably going to possess the best market share of the global motion control market by the tip of 2028. Since closed systems operate automatically, and don't require human intervention, their detection rate is increased. System input will be adjusted automatically with a closed-loop system system, and helps improve system stability.
Automotive Companies Segment Held the Largest Market Share
Based on user, the market is split into Defense, Manufacturing, IT, Telecom, Printing, Automotive, and Other on the basis of end user. In terms of both manufacturing and technology, the industry is experiencing rapid development. Automotive companies are focused on improving their systems, which include testing and communication skills. This has the advantage for the manufacturer to mix traffic controls to provide an improved, and cheaper product in less time. The automotive segment, which held the most important market share of 34.91% in 2018, had a market price of USD 4.51 billion by 2018 and is predicted to exceed USD 6.37 billion by the tip of 2027 by registering the CAGR.
APAC and Europe Remain the Most Promising Regions of Global Motion Control Market
Asia Pacific and Europe Staying the foremost Promising Regional Markets. the dynamic control market has explored five regions, namely North America, Europe, Asia Pacific, the centre East and Africa, and South America. during this regard, the Asia Pacific market gained the most important market share in 2018 and was followed by Europe. In total, the regions accounted for roughly 62% of the worldwide market within the current year. The Asia Pacific market is predicted to possess the foremost promising growth opportunities and is anticipated to surpass other regional markets in line with the CAGR at the time of the report forecast. Continuous growth in end-to-end industries like semiconductor, electronics, food and beverages is anticipated to be a key driver within the region's economic process, which is anticipated to accelerate the expansion of a dynamic regulator market during forecasting.
The need for adopting energy-efficient solutions for boosting industrial production operations is improving the reliance on motion control systems furthering the development of global motion control market.
The growing demand for energy-efficient solutions to boost industrial production processes round the world furthers the necessity for more precise automation processes. Automated processes help companies increase productivity and lower product life cycle costs. Adoption of movement control solutions is growing in many industries, but greater acceptance is seen in electronics & semiconductor, food and beverage, automotive industries, and chemicals. The demand for factory automation is anticipated to still grow, due to the growing demand for prime quality products. This, in turn, is predicted to extend the employment of motion control solutions to scale back energy consumption and increase productivity.
The market value of Global Motion Control Market is estimated to grow nearby $ 18.1 billion by 2028, with an annualized growth rate of 4.2% through the forecast years 2021-2028.
Increased production of business safety products because of stricter safety regulations imposed by governments, increased demand for industrial robots in production processes and increased simple use and integration of IoT and movement control systems are major factors among other developments. movement control market. additionally, the rise in integration of motion control systems with programmable logic controller (PLC) and also the human interface (HMI) interface, increasing R&D activities are anticipated to provide better growth opportunities for the global motion control market.
The motion system initiates and controls the movement of the load to perform the function. It can control speed, location and torque control. samples of applications for motion control applications are applications that need product placement, synchronization, or quick start and movement suspension. Movement control systems encompass three basic components, namely, controller, drive or amplifier, and vehicle. Increased adoption of advanced and automatic factory automation processes may be a key factor driving the expansion of the movement control market. The adoption of a motion system is increasing due to the convenience of use and integration of components within the motion control systems.
High replacement and maintenance costs are hampering the global motion control market. Furthermore, technological revolution 4.0 provides lucrative market growth opportunities.
There are some players within the market to regulate movement and products launch, development, business acquisition, and business growth growth strategies adopted by key players. The major players in global motion control market are ABB, Yokogawa Electric, YASKAWA Electric, Toshiba, Siemens, Schneider Electric, Mitsubishi, Fuji Electric, Delta Electronics, and Allied Motion among others.
Latest Innovations in Global Motion Control Market
- In September 2020, Siemens launched SIMATIC MICRO-DRIVE. The system protects low-power system. It is used flexibly within the motions and wiring harness of selected product partners. The introduction of this product has expanded the Siemens product portfolio to a way lower power range.
- In June 2020, Parker Hannifin extended his Parker Servo Drive (PSD) product family by launching a totally formatted drive. Compact PSD may be a smart, fully customizable servo drive with IEC 61131-3-based operating time supported the cosmopolitan CODESYS V3.
- Jan 2020 - Rockwell Inc has announced the launch of car protection circuit breakers that provide location, time, and value savings. Circuit breakers are enabled by UL authorization to be used in group installation. this kind of installation can reduce panel space, installation time and cables, still as total costs, by eliminating the necessity for shortcircuit protection equipment for every branch in each circuit.
- In June 2018, Rockwell Automation released an updated version of the Allen-Bradley Motion Analyzer software tool. This advanced software provides advanced user information with precise navigation and merchandise selection options. This helps engineers develop more efficient and effective motion control systems for his or her machines.
Motion Control Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 18.1 billion|
|Growth Rate||CAGR of 4.2 % during 2021-2028|
|Segment Covered||Product Type, Component, Application, Industry Vertical, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||are ABB, Yokogawa Electric, YASKAWA Electric, Toshiba, Siemens, Schneider Electric, Mitsubishi, Fuji Electric, Delta Electronics, and Allied Motion among others.|
Key Segments of the Global Motion Control Market
Product Type Overview, 2018-2028 (USD Billion)
- Open Loop
- Closed Loop
Component Overview, 2018-2028 (USD Billion)
- Motion controller
- Feedback device
Application Overview, 2018-2028 (USD Billion)
- Material Handling
Industry Vertical Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa