Motion Control Market 2018 Global Size, Share, Emerging Opportunities, Growth Factors, Development Status, Sales Revenue, Competitive Landscape and Comprehensive Research Study Till 2023

“Market Research Future”
Market Research Future published a research report on “Motion Control Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario: 

Motion control is an industrial process which is also defined as servo control or robotics, used in the movement of specific load from one place to another in the controlled fashion. This process is equipped with various hardware equipment’s such as motors, sensors, drives, control units and a software. Growing industrialization and high adoption of automation in the industrial process is driving the market of motion control whereas the high deployment cost and lack of availability of professionals are some of the major restraints of the market.

The global Motion Control Market is expected to grow at CAGR of ~6% during the forecast year and expected to reach at market size of US ~$22 billion by the end of forecast period.

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.

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Global Competitive Analysis

Contenders who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario. With the ability to sustain their competitive edge being one of the primary factors driving their efforts, the scope for growth in the industry appears to be promising through the forecast period. The rising affinity for diversification in the market, has indirectly enabled the players to utilize the many prospects available. The companies in this particular industry are also trying to maintain and enhance financial liquidity that can be instrumental to invest in growth strategies as and when they become available.  This particular trend has enabled portfolio improvements along with the affinity for diversification in the sector, which has benefitted the market competitors tremendously in this industry.

Segments:

The Global Motion Control Market has been segmented on the basis of technology, components, application and industry. By Technology, market includes- Pneumatic, Hydraulic, and Electromechanical Actuation. By Components, the market has been derived as- Controller, Drives, Motors, and Software among others. Application of motion control includes- Inspection, Material handling, Packaging among others whereas the industry includes- Manufacturing, Healthcare, Automotive, Aerospace & Defense, Oil & Gas, and Robotics among others.

Detailed 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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