NEW
YORK, July 17, 2024 /PRNewswire/ -- The global
motion control market size is estimated to grow by USD 5.69 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 6.03% during the forecast period. Integration of
motion control systems with digital drives is driving market
growth, with a trend towards growing adoption of iot in
the motion control industry. However, inherent challenges
related to use of automated systems poses a challenge. Key
market players include ABB Ltd., ACS Motion Control Ltd., ADVANCED
Motion Controls, Aerotech Inc., Beckhoff Automation GmbH and Co.
KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc,
Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp.,
Moog Inc., Nanotec Electronic GmbH and Co. KG, OMRON Corp., Parker
Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc.,
Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp..
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Motion Control
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.03%
|
Market growth
2024-2028
|
USD 5696.1
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.59
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 53%
|
Key
countries
|
China, US, Japan,
Germany, and UK
|
Key companies
profiled
|
ABB Ltd., ACS Motion
Control Ltd., ADVANCED Motion Controls, Aerotech Inc., Beckhoff
Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover
Motion, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp.,
Mitsubishi Electric Corp., Moog Inc., Nanotec Electronic GmbH and
Co. KG, OMRON Corp., Parker Hannifin Corp., Robert Bosch GmbH,
Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and
Yaskawa Electric Corp.
|
Market Driver
The Internet of Things (IoT) is revolutionizing various
industries by enabling real-time data collection and transmission
from connected devices. In the motion control market, IoT is
driving the adoption of advanced technologies such as digital
control, wireless communications, and low-cost sensors. Companies
worldwide are focusing on connecting their machinery, equipment,
and motion control systems to enhance performance, efficiency, and
accessibility. Programmable multi-axis motion controllers, like
Galil's EDD-3701x and OMRON's NX1P, are key components of this
transformation. These controllers support Ethernet-based networks,
enabling seamless communication and data exchange. Galil's
EDD-3701x series can control various motor types and offers
multiple digital and analog I/O interfaces. OMRON's NX1P Machine
Automation Controller provides extensive IoT capabilities, enabling
predictive maintenance and real-time data monitoring. Both
controllers support industry standards for programming and motion
control, ensuring compatibility and ease of use. IoT's ability to
facilitate decision-making, detect anomalies, and handle high-speed
operations will continue to fuel market growth during the forecast
period.
The Motion Control Market is experiencing significant growth due
to trends like digitalization, AI, and automation. Digitalization
is driving the adoption of motion controllers for precise target
positions and trajectories in various industries. Renewable energy
sectors like solar and wind power are integrating motion control
systems for resource utilization and waste reduction. Safety is a
top priority, with motion controllers ensuring worker safety in
compressor stations and machinery. AI and self-organizing factories
enable autonomous decision-making, reducing production downtime and
replacement expenses. Motion control systems are essential for
industrial robots and manual controls in closed-loop and open-loop
systems. Advanced motion controls are transforming factories into
smart, energy-efficient solutions through real-time data analysis
and remote monitoring. Servo motors and sensors are crucial
components, while communication protocols ensure seamless
integration. Metal cutting applications, automation, and factories
are major markets for motion control systems. Heavy maintenance and
servicing are streamlined through advanced motion control
technologies. Overall, the market focuses on energy efficiency,
worker safety, and productivity.
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Market Challenges
- Businesses worldwide face the challenge of adapting to
ever-changing consumer demands, leading many industries to consider
upgrading their motion control systems. However, the inflexibility
and high costs associated with these systems can deter small and
medium enterprises (SMEs) from making the investment. Upgrading
motion control systems, which often involve hydraulic equipment,
can take years to recoup the initial investment. Moreover, the
computerized nature of automated material handling equipment means
that a single component failure can cause widespread downtime.
Despite these challenges, the adoption of motion control systems is
crucial for advanced manufacturing processes. The high capital
investment required for these systems, including the cost of
replacing outdated information networks, can be a significant
barrier. Additionally, vendors must continually invest in research
and development to stay competitive, comply with regulations, and
meet customization demands. These factors contribute to the high
cost of motion control systems, making it difficult for vendors to
maintain profitability and market growth during the forecast
period.
- In today's business environment, motion control systems play a
crucial role in factory automation and manufacturing processes.
Automation of machinery and robotic systems using servo drives,
variable frequency drives, and precision motors is essential for
energy efficiency and speed. However, challenges persist in
implementing advanced motion controls, such as real-time
communication, sensors and feedback, and smart factories. Heavy
maintenance and servicing can be time-consuming and expensive,
leading to replacement expenses. Industrial Revolution 4.0 brings
modern technologies like Information technology,
Industrial IoT (IIoT), connected machines, artificial
intelligence (AI), and digital twins, requiring energy-efficient
solutions and seamless communication protocols. Manufacturing
companies must adapt to these trends while ensuring safety and
minimizing accidents. Motion control components, including motors,
drives, and position controls, must be integrated with sensors and
feedback to optimize performance and improve dosage formulations.
The automotive sector, e-commerce, logistics, and warehouse
automation are significant industries driving the demand for motion
control solutions.
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Segment Overview
This motion control market report extensively covers market
segmentation by
- Application
- 1.1 Metal and machinery manufacturing
- 1.2 Packaging and labeling
- 1.3 Robotics
- 1.4 Semiconductor and electronics
- 1.5 Others
- Product
- 2.1 Electronic devices
- 2.2 Actuators
- 2.3 AC drives
- 2.4 Motion controllers
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Metal and machinery manufacturing- The
Motion Control Market refers to the industry that produces and
supplies automation systems for controlling the movement of
machinery and robots. These systems enable precise and efficient
production processes in various industries, including
manufacturing, automotive, and electronics. Key components include
motors, drives, sensors, and controllers. Market growth is driven
by increasing automation in industries and advancements in
technology. Companies like Bosch Rexroth, Siemens, and Schneider
Electric are major players.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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The global electric car rental market is experiencing rapid
growth driven by increasing environmental awareness and government
initiatives promoting sustainable transportation options. Consumers
are increasingly opting for electric vehicles (EVs) due to lower
operating costs and reduced carbon emissions. Key players in this
market are expanding their fleets with EVs to meet rising demand.
The shift towards electric car rentals is not only reshaping urban
mobility but also contributing to efforts aimed at reducing global
carbon footprints. As infrastructure improves and technology
advances, the market is poised for further expansion in the coming
years.
Research Analysis
Motion control systems play a crucial role in automation and
manufacturing industries, enabling precise control of machinery and
robotic systems. These systems utilize motors, drives, position
controls, and sensors and feedback to ensure accurate and efficient
movement. With the rise of smart factories and industrial IoT
(IIoT), motion control systems are becoming more energy-efficient
and interconnected, allowing for resource utilization, waste
reduction, and real-time remote monitoring. In addition, the
integration of robotics, artificial intelligence (AI), and control
algorithms enables self-organizing factories, reducing production
downtime and improving worker safety. Warehouse automation is
another area where motion control systems are making a significant
impact, streamlining operations and increasing productivity.
Overall, motion control systems are essential for optimizing
manufacturing processes and enhancing the performance of modern
factories.
Market Research Overview
Motion control systems play a crucial role in automating
factories and machinery, enabling precise control of robotic
systems, servo drives, and variable frequency drives. These
advanced technologies are integral to modern manufacturing, from
automotive to pharmaceuticals, logistics, and renewable energy.
Sensors and feedback systems, communication protocols, and
real-time data analysis are essential components of these systems,
driving the Industrial Revolution 4.0 and digitalization. Smart
factories employ energy-efficient solutions, reducing replacement
expenses and downtime. Factories are becoming connected and
self-organizing, with industrial IoT (IIoT) and edge computing
enabling autonomous decision-making and digital twins. Precision
and speed are key benefits, with motion controllers managing target
positions and trajectories using control algorithms. Modern
technologies like artificial intelligence (AI) and safety features
are increasingly important, ensuring optimal resource utilization,
waste reduction, and worker safety. Renewable energy applications,
such as solar and wind power, also benefit from motion control
systems, with compressor stations and servo motors ensuring
efficient energy transfer. Manufacturing companies must invest in
regular servicing and maintenance to ensure the longevity and
optimal performance of their motion control systems. Manual
controls are being phased out in favor of closed-loop systems for
improved accuracy and open-loop systems for simpler applications.
The future of motion control lies in the integration of AI, IIoT,
and digitalization, enabling real-time monitoring, remote
diagnostics, and predictive maintenance.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Metal And Machinery Manufacturing
- Packaging And Labeling
- Robotics
- Semiconductor And Electronics
- Others
- Product
-
- Electronic Devices
- Actuators
- AC Drives
- Motion Controllers
- Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
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technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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