Market Overview
The global market of motion control is anticipated to reach the value of USD 22 billion by the end of 2022, reports Market Research Future (MRFR). This growth will be accompanied by a CAGR of 6% throughout the forecast period (2016-2022).
Drivers and Restraints
The Motion Control Market (MCM) has observed substantial growth on account of growing use of high- level automatic equipment, machine tools, high-level medical equipment, sensors, and many others. Motion control system is a core part of every automated equipment, high flexibility and quality products can be achieved by combinations of automation and motion control products.
Motion control products such as controllers, actuators, drives and motors are needed in machinery manufacturing applications and are used to control speed, control the overload and instant breaking, which improves the performance of machine tools. Thus, the benefits offered by these products enhance the market growth to a large extent.
On the other hand, rising labor costs and complexity of the machine tools pose key challenges to the market growth. However, the market, in coming years, will benefit from a key trend which is development in the direction of customization, smart technology, and networking. This enhances the manufacturing production, speed accuracy, increased consistency, improved efficiency, integration automation, eliminations of hazards, troubleshooting and others. Suffice to say; the market will remain largely unaffected by any major challenges posed from time to time.
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Key Players
The key players in the market of motion control are- ABB Group (Switzerland), Rockwell Automation, Inc., (U.S.), Parker Hannifin Corporation (U.S.), Siemens AG (Germany), STMicroelectronics N.V. (Switzerland), Motion Control Corporation (U.S.), Schneider Electric (France), Trio Motion (U.S.), Emerson Electric (U.S.), AMETEK, Inc. (U.S.), Aerotech Inc. (U.S.) among others.
Industry Segments
The Motion Control Market globally has been segmented into the segments of components, technology, application and industry. By components, the market has been segmented into controller, drives, motors, and software among others. On the basis of technology, the market comprises of hydraulic, pneumatic and electromechanical actuation. The application segment of motion control comprises of material handling, inspection and packaging among others while the industry segment contains Healthcare, Aerospace & Defense, Automotive, Manufacturing, Oil & Gas, and Robotics among others.
Regional Analysis
The Asia-Pacific region is controlling the Motion Control industry owing to the strong incidence of manufacturing companies in Japan, China and South Korea. The growing economy of Asian nations is also playing a major role in the growth of the motion control industry. The European region is the second biggest market followed by the North American market. The North America motion control industry is primarily fuelled by the factors such as the growing healthcare industry and high consumption of electronic equipment.
Industry Updates:
April 2018 Parker Hannifin which is the global leader in motion and control technologies, through their Electromechanical & Drives Division have announced a motion control design tool for engineers to aid with appropriate selection of electromechanical linear motion. The Virtual Engineer offers an intuitive interface where users can effortlessly enter their application conditions such as speed, load, and external forces then quickly direct to accurately sized product choices. The tool also delivers a custom specification report, CAD models, and flawlessly makes a ready-to-issue request for quote. By linking directly with Parker motion control experts, the Virtual Engineer takes association to a new level, and by increasing the efficiency of valuable engineering resources. However, Virtual Engineer will currently support Parker Electromechanical and Pneumatic products.
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Intended Audience
- OEMs
- Automation Service Providers
- Motion Control Distributors
- Technology Provides
- Sensor Manufacturers
- Connectivity Providers
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