Zion Market Research has published a new report titled “Motion Control Market By Technology (Computerized Numerical Control And General Motion Control) for Automotive, Aerospace & Defense, Semiconductor & Electronics, Food and Beverage, Machinery Manufacturing, Oil & Gas, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2016 – 2022”.
According to the report, global motion control market was valued at USD 16.54 billion in 2016 and is expected to generate revenue of USD 22.81 billion by end of 2022, growing at a CAGR of slightly above 5.7% between 2017 and 2022.
Motion control comprises of load, a prime mover, sensors and a controller to provide the proper functioning of prime mover and load.Motion system is a component of a test and measurement system that provides motion to loads in a one or many directions. Motion control is used to increase production, smoother movements, speed accuracy, increase position, increase consistency, improve efficiency, integration automation, fast reaction time, elimination of hazards, troubleshooting and others.
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The major driving factors for the motion controls market are rising concern for industrial safety and increasing project by manufacturing companies.Moreover, huge developments of automation sector along with rapid globalization have together increased the demand for this market. Another key driving factor is increasing demand for motion control for semiconductor& electronics, food and beverage, electrical, automotive, and machinery industries. However, manufacturing cost and complexity in a motion control machine may impede the growth of the motion control market. Nevertheless, demand from emerging economies such as China, India, and Brazil may positively impact this market in the coming years.
Global motion control market has been segmented on the basis of technology, application, and region. On the basis of technology, motion control market is classified into computerized numerical control and general motion control.Computerized numerical control is one of the leading segments of this market. This technology is widely used in motion control.
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On the basis of applications, the market is characterized by automotive, aerospace & defense, semiconductor & electronics, food and beverage, machinery manufacturing, oil & gas, and others applications. Machinery manufacturing is the leading application segment and acquired the significant share of overall motion control market in 2016.Semiconductor & Electronics and automotive are also expected to grow at a moderate rate during the forecast period.
Asia Pacific motion control market dominated the overall market in 2016 due to high demand from emerging economies and different application areas. Asia Pacific is also expected to be the fastest growing regional segment during the forecast period. North America and Europe are expected to grow at a moderate rate in the future due to the large investment by manufacturing industries along with an increase in industrialization. Latin America and the Middle East & Africa are expected to witness brisk growth in areas such as food applications and other industrial uses.
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Key players in the motion control market are Rockwell Automation Inc., Schneider Electric SE, Parker Hannifin Corp., Yaskawa Electric Corp., Moog Inc., Bosh Rexroth AG, Schneider Electric, Dover Motion, Parker Hannifin Corp, ABB, Altra Industrial Motion Corporation, and Siemens AG.
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