The global motion control market size is estimated to reach from USD 15.5 billion in 2022 to USD 20.0 billion by 2027, at a CAGR of 5.2% during forecasted period. Few of the drivers of this market includes the growing adoption of advanced and automated processes for factory automation; safety-enabled productivity in industries; and increasing demand for industrial robots in manufacturing processes.
Sensors have always been a part of industrial automation and motion control systems. These sensors are the vital link between the physical system, collecting data from various machine processes, and the communication links that transmit data to the cloud or other control or monitoring facilities. IIoT sensors for motion are mostly encoders, that is, for position and speed. These sensors have higher-level functions within them, such as processing and decision-making functions that are not off-loaded on the machine. This added intelligence makes machines smarter and the entire process better managed, more efficient and streamlined, saving engineering time and cost.
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The drives segment is expected to showcase the highest growth during the forecast period. Drives provide non-emergency start/stop control, acceleration and deceleration, overcurrent, and overvoltage and phase loss protection in motion control systems. Most of the manufacturing facilities are trying to automate their processes, which is increasing the demand for drives.
Semiconductors & electronic industry is expected to hold the second largest share in motion control market during forecasted period. Increasing complexity in semiconductors and electronic equipment-related manufacturing is driving the need for high-tech motors, drives, and motion controllers. Moreover, due to the increased adoption of miniature devices and the revolutionary development of microelectronics, the manufacturing of products needs to be more precise. Motion control solutions help in the precise and controlled movement of a load while manufacturing. Hence, the demand for motion control components in semiconductor and electronics-related applications is increasing.
Europe to hold the second largest region for motion control market in 2021. The increase in demand for automobiles, medical devices, and machinery in Europe is driving the growth of the motion control market. Growing awareness regarding more precise methods of motion controlling, advancements in controller capabilities, the ability to control multiple axes and the development of advanced motion controllers are some of the factors contributing to the growth of the motion control market. Manufacturing companies in Europe increasingly focus on automation to increase their productivity and quality. The presence of many automobile, metal, and machinery manufacturing companies in this region is driving the growth of the market in Europe.
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COVID-19 Impact Analysis on Motion Control Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the ABB Ltd., Yaskawa, Parker Hannifin Corporation, Rockwell Automation, Inc., Bosch Rexroth AG, Schneider Electric SE, and Siemens, Fanuc, Mitsubishi Electric Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Motion Control Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/motion-control-market/download-sampleMarket SegmentationThe broad Motion Control market has been sub-grouped into the Component, System, Industryand region.
The report studies these subsets with respect to the geographical segmentation.
Motion Control Market 2021-2023New Study Reports " Motion Control Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2023" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of Motion Control Market using SWOT analysis i.e.
Strength, Weakness, Opportunities and Threat to the organization.
In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.This report also analyzes the impact of Coronavirus COVID-19 on the Motion Control industry.Motion control is gaining a healthy momentum in various industrial processes owing to the rise of industrial automation.
Motion control robots are being increasingly deployed in modern manufacturing facilities, they are used for tasks such as packaging, inspection and material handling.
Integration of programmable logic control (PLC) and human machine interface (HMI) is likely to improve factory automation process in the coming years.
In addition, these advancements will provide the advantage of PC based control to the motion control devices which includes flash memory to store the program, RAM storage, battery backup, remote control & monitoring, and reduction in the operational cost.
