According to the new
research report, the "Motion
Control Market with COVID-19 Impact by Component (Actuators &
Mechanical systems, Motors, Motion Controllers, Drives, Sensor & Feedback
Devices, Software & Services), System (Open Loop, Closed Loop), Industry,
and Region - Global Forecast to 2025", size is expected to grow from
USD 14.9 billion in 2020 to USD 16.5 billion by 2025, at a CAGR of 2.5%.
The growth of this market is driven mainly by growth in the adoption of
automation in manufacturing facilities to secure employee health & safety
in the COVID-19 crisis, high adoption of advanced and automated processes in
the manufacturing sector, safety-enabled productivity in industries due to
stringent safety rules imposed by governments.
Automotive end user to hold the largest share
of the motion control market during the forecast period
The growing adoption
of automation has fueled the demand for motors. Manufacturers are also trying
to adopt energy-efficient motors to work alongside different initiatives to
save energy. Motors find a wide range of applications in industries such as
semiconductors & electronics, food processing, petrochemical,
pharmaceutical, healthcare, packaging, and paper & printing. Motors are key
components of these control systems. With the rise in industrial automation,
manufacturers have been emphasizing using energy-efficient motors.
Motion control market for closed-loop
system to grow at highest CAGR from 2020 to 2025
A closed-loop
control system looks at the current output and alters it to the desired
condition; also known as a feedback system, the control action in these systems
is based on the output. The adoption of closed-loop systems is high as the
process is automated, and no human intervention is required. The closed-loop
system can automatically adjust the systems’ inputs, improve the stability of a
system, reduce system sensitivity, increase robustness, and create a reliable
system without human intervention. Due to these factors, the adoption of a
closed-loop system is rising.
The motion control market in APAC is expected
to grow at the highest CAGR from 2020 to 2025
APAC is expected to
dominate the global motion control market during the forecast period. The rapid
urbanization and industrialization are increasing the demand for motion control
in the region. However, COVID-19 is a global health emergency and an economic
crisis, which has impacted the motion control market in 2020 adversely. These
end-users are non-operational due to stringent measures, which include
lockdown, restrictions on foreign trade, and a halt in the supply of
non-essential products and services taken by several governments across the
world as precautionary measures for the safety of people. There is also a huge
supply-demand gap due to the decline in global demand. Moreover, the increasing
automation activities in the industries, such as the use of customized robots
for different applications, and other sectors related to the production of
smartphones and automobiles, which include electronics assembly and
semiconductor machinery, are some of the reasons for the growth of the motion
control products market in APAC.
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ABB Ltd.
(Switzerland), Parker Hannifin Corporation (US), Rockwell Automation, Inc.
(US), Schneider Electric SE (France), and Siemens (Germany), Fanuc (Japan),
Yaskawa (Japan), Mitsubishi Electric Corporation (Japan), Bosch Rexroth AG,
(Germany). are among a few major players in the motion control market.
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