Motion Control Market Share, Size, Trends - [2022-2027]

The global motion control market size is estimated to be USD 15.5 billion in 2022 and is projected to reach USD 20.0 billion by 2027, at a CAGR of 5.2%.

Growing demand for industrial robots in manufacturing processes and ease of use and integration of components within motion control systems are few of the primary factor driving the market growth. Moreover, adoption of Industry 4.0 by manufacturing firms is one of the opportunity for the growth of market.

Motion Control Market Segmnt Overview

Drives are the fastest growing segment in motion control market during forecasted period

Drives offer a wide range of advantages for automatic machining systems, including superior positioning, speed, and motion control. Drives offer a way to control the speed of electric motors.

In applications where the load is subject to change, speed control provides an excellent way to save energy. The use of drives enables a more detailed and precise motor control, which improves the productivity of machines and equipment. Drives find applications in every area where a motor is required. Drives allow changing the positioning and speed according to the needs of the manufacturers. They also help automate the manufacturing process by providing the flexibility of making changes according to the needs of the manufacturing environment.

Motion control systems are extensively used in automotive industry in 2021

Automotive is one of the fastest-growing industries, among others in the market. Motion control is also used in the automotive test system for performance testing, structural testing, durability testing, component testing, etc. Components such as servo valves, actuators, and controllers are mainly used for this purpose.

In the current highly competitive world, the companies in the automotive industry are experimenting by integrating new technologies that have the potential to boost the production process. Technological innovations such as electric- and gas-powered vehicles lead to infrastructural changes in the automotive industry; also, the latest machines and equipment have eliminated the need for human operators for most of the crucial processes in the automotive industry. The global automotive industry is growing rapidly due to the emergence of new concept vehicles that employ eco-friendly technologies.

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Asia Pacific is expected to hold the largest market of motion control during forecasted period

The increasing automation activities in several industries, such as the use of customized robots for different applications, high growth in machine tool production, 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 Asia Pacific.

China, Japan, and India are the major markets for motion control in Asia Pacific. These countries have a considerable market size and scope for developing the motion control industry. Some of the key players in the motion control market in Asia Pacific are Yaskawa Electric Corporation (Japan), OMRON Corporation (Japan), and Mitsubishi Electric Corporation (Japan).

The countries in the Asia Pacific market considered in this study have the presence of a large number of small- and mid-sized enterprises (SMEs). However, during the outbreak of COVID-19, the manufacturing industries had impacted negatively in the region. Social distancing norms and low product demand have forced industry players to limit production. Further, the restrictions on the export of products had led to a decline in the sale of motion control products. As the neighboring countries have been linked to one another through trade relations and supply chains, the entire region was adversely affected by the outbreak of COVID-19 in 2020.

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Automotive Artificial Intelligence Market by Size, Share, Trend (2022-2027)

 The automotive artificial intelligence market size is valued at USD 2.3 Billion in 2022 and is anticipated to be USD 7.0 Billion by 2027; growing at a CAGR of 24.1% from 2022 to 2027. Factors such as rising demand for enhanced user experience and convenience features and the growing adoption of ADAS technology by OEMs are driving the growth of the market during the forecast period.

Driver: Rising demand for enhanced user experience and convenience features

Human-machine interface (HMI) solutions for the automotive industry have become easier to control and operate, thus enhancing user experience. Such solutions can give a user control over applications such as music systems, vehicle lights, and infotainment systems. Earlier, the electronics system in a vehicle accounted for just 1–2% of the vehicle cost, but due to the increasing demand for enhanced user experience and convenience features, the share has increased to 8–12%.

Restraint: Increase in the overall cost of vehicle

Autonomous vehicles are anticipated to be highly-priced chiefly due to the introduction of new commercialized technological systems. Most of the advanced technologies are embedded in luxury and premium cars, which have a limited customer base owing to their high price. Hence, a high vehicle cost is likely to dampen market growth. The demand for expensive autonomous vehicles is anticipated to be moderate, as compared to semi-autonomous vehicles.

Opportunity: High potential of in-car payments

Among the newest developments, in-car payments are designed to revolutionize how customers refuel, pay for parking or tolls, and possibly even how users do their grocery shopping. Open Banking, which enables clients to pay directly from their bank and reduces any friction or security risks in their payment journey, could be used to implement in-car wallets and payment systems. By streamlining transaction fees and providing a more seamless consumer experience overall, would reduce the need for third-party payment networks.

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Challenge: Effect of unfavorable weather on sensors

One of the main difficulties with driverless automobiles is bad vision. Self-driving cars use a variety of sensors, including camera sensors, radars, and lidars, to detect pedestrians, cyclists, or other vehicles on the road, and gauge their speed and distance. A self-driving car's control system receives data from the sensors, and t processes it. The system then determines whether to stop, turn left or right, proceed, or, if necessary, shift into reverse.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Household Robots Market worth $19.3 billion by 2027

 The report "Household Robots Market by Offering (Products, Services), Type (Domestic, Entertainment & Leisure), Distribution Channel (Online, Offline), Application (Vacuuming, Lawn Mowing, Pool Cleaning) and Geography – Global Forecast to 2027" The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027. The growth of this market is driven by the increasing demand for robots in the domestic segment, growing demand for autonomous robots, increasing government initiatives for the development of robotic technologies, and rising use of IoT in robots for cost-effective predictive maintenance.

Pool cleaning applications held second-largest share of household robots market in 2021

Pool cleaning applications held the second-largest share of the household robots market in 2021. A robotic pool cleaner is a highly advanced device for cleaning the pool and is seen as a desirable product in the market. Quick, reliable, and easy features are significant factors that boost product demand in the industry. The growth avenues in the global market are attributed to the increasing disposable income worldwide, which further increases their expenditure capacities on the leisure activities, such as swimming and other related trips. These activities encourage increased involvement in swimming and thus bolster the requirement for the equipment and some other required items to clean the pool.

Domestic robots segment to hold larger market during forecast period

Domestic robots include 4 applications: vacuuming, lawn mowing, pool cleaning, and window cleaning. The vacuuming application has the largest share of the market for domestic robots. The growth of the market for domestic robots can be attributed to the popularity of products such as robotic vacuums, as well as increasing consumer awareness and acceptance of indoor and outdoor smart home appliances. Technological improvements in domestic robots, such as area mapping and voice assistant integration, coupled with the practical benefits of automating household chores, enable them to occupy a larger market share.

North America accounts for second-largest market share of household robots market during forecast period

The North American region held the second-largest share of the household robots market in 2021 by value. This can be attributed mostly to the popularity and sales of robotic vacuums and lawnmowers in the US and Canada. The influx of IoT and the adoption of autonomous technology are strong in this region, thus helping the household robots market grow rapidly.

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Some of the key companies in the household robots market are iRobot Corporation (US), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US), etc.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Thin Wafer Market worth $20.6 billion by 2027

 

The report "Thin Wafer Market by Wafer Size (125 mm, 200 mm, and 300 mm), Process (Temporary Bonding & Debonding and Carrier-less/Taiko Process), Technology, Application (MEMS, CIS, Memory, RF Devices, LED, Interposer, Logic) and Geography - Global Forecast to 2027" The thin wafer market is projected to grow from USD 11.4  billion in 2022 and is projected to reach USD 20.6 billion by 2027; it is expected to grow at a CAGR of 12.5% from 2022 to 2027. Rise in the adoption of MEMS technology in portable health monitoring devices coupled with reduction in the sizes of electronic devices, growing smartphone and consumer electronics markets as well a high amount of material saving is expected to fuel the growth of the thin wafer market.

Thin wafer market for LED application expected to witness the highest growth during the forecast period.

The LED application segment is likely to exhibit the highest growth during the forecast period owing to its increasing demand across the globe. Earlier, LEDs were developed through GaN; however, due to the high cost involved in the development of LED through GaN, manufacturers shifted toward thin silicon wafers. A thin wafer offers high conductivity and electrical benefits for LED chips as well as inhibits the optimal utilization of LED chips, which is not possible through GaN. These benefits of thin wafers are expected to drive market growth.

300 mm wafers expected to grow at the highest CAGR during the forecast period.

 A high growth in the use of 300 mm wafers in applications like LED on account of greater yield offered by these wafers is propelling the growth of the thin wafer market across the world. It has become highly imperative for LED manufacturers to achieve economies of scale and improve profitability, which is offered by these wafers. These wafers offer manufacturers the ability to produce a large number of devices in a single batch. This is one of the reasons companies are developing semiconductor devices that are composed of 300 mm wafers. Moreover the rise in the number of 300 mm wafer fabrication facilities is expected to generate a significant rise in demand for 300 mm wafers.

Wafer dicing technology to dominate the market during the forecast period.

Wafer dicing dominated the thin wafer market in 2021 and is expected to follow the trend during forecast period. The increasing demand for high-speed dicing along with superior breakage strength is contributing to the market growth. Additionally,  the requirement for smaller, high performing, and less costly device configuration for use in applications such as memory devices, logic devices, power devices, and sensors is expected to contribute toward the growth of the wafer dicing equipment market during the forecast period.

Logic application to hold a significant share of the thin wafer market during forecast period.

The demand for logic devices such as microprocessors and digital signal processors is driven by growth in the implementation of server and data center systems across various businesses and industries due to the high penetration of affordable cloud computing solutions. In logic devices, thinning technology is preferred to achieve high-speed processing and reconfigurations. To ensure efficient thermal management and optimize performance, thin wafers are increasingly being used in these devices, thereby contributing to the growth of the thin wafer market for logic devices.s

Americas held significant share of thin wafer market in 2021 and is expected to follow the trend by 2027

Americas is expected to account for a significant of the thin wafer market during the forecast period. The growth of the market can be attributed to the presence of key semiconductor device manufacturers and their fabrication plants in the country. This region is home to a large number of semiconductor companies. Other than extensive globalization, the entry of global players into the region is one of the major reasons for the market growth in the Americas. The growth of the thin wafer market in the region can be attributed to the huge adoption of high-end smartphones, wearables, smart home systems, and automotive communication systems. These devices use thin wafers to minimize power losses and enable the designing of advanced architecture with high system efficiency and greater power density.

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Key players in the thin wafer market include Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), SK Siltron (South Korea), SUSS MicroTec (Germany), Soitec (France), DISCO Corporation (Japan), 3M (US), and Applied Materials (US). Apart from these, Mechatronic Systemtechnik (Austria), Synova (Switzerland), EV Group (Austria), Wafer Works Corporation (Taiwan), Atecom technology Co., Ltd. (Taiwan), Siltronix Silicon Technologies (France), LDK Solar (China), UniversityWafer, Inc. (US) are among a few emerging companies in the thin wafer market.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.

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Gas Sensor Market worth $2.1 Billion by 2027

 The report "Gas Sensor Market by Gas Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application and Region - Global Forecast to 2027" The gas sensor market is projected to grow from USD 1.4 Billion in 2022 to USD 2.1 Billion by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period. The growth of the market is attributed to the growing air pollution levels and need for air quality monitoring in smart cities and growing adoption of gas sensors in consumer electronics. During the forecast period, increasing integration of gas sensors in HVAC systems and air quality monitors is expected to create growth opportunities for the market.

Gas Detector product type to account for larger share of gas sensor market in 2022

Gas detector accounted for a larger share of the gas sensor market in 2021 and it is expected to remain dominant throughout the forecast period. The major application areas of these gas detectors are in the automotive, metal & chemical, oil & gas, food & beverage, mining, medical, and power station industries. Further, the surging adoption of gas detection products and growing product & development strategies from major market players are driving the market growth. For instance, in 2021, Honeywell launched two new Bluetooth-connected gas detectors that can deliver continuous monitoring for dangerous gases even in fog, rain, snow, and other inclement weather conditions, helping facilities keep their oil and gas, petrochemical, chemical, and other workers and industrial sites safe.

Smart cities & building automation application to lead gas sensor market in 2022

Industrial automation to hold high opportunities for gas sensor market compared to other applications in 2022 and 2027. In smart cities, gas sensors can be used for various environmental monitoring applications for monitoring air quality, which includes weather stations and monitoring of the environment at public places. Major gases that are monitored include CO, CO2, SO2, NO, NO2, and VOCs. Earlier, gas detectors were used to detect a single gas; however, modern units detect several toxic or combustible gases or even a combination of both. The HVAC system is used for building applications to monitor and regulate environmental conditions in all types of buildings. Ventilation units are used to control the concentrations of gaseous compositions of indoor air, which is based on measurements carried out using gas sensors. The most common gas sensors used in HVAC systems are CO2, NOx, CO, O2, and VOC. The rising environmental pollution levels and increasingly degrading indoor air quality have created a significant demand for gas sensors for HVAC applications.

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Market in Asia Pacific to hold significant opportunities for the market during forecast period

Asia Pacific is the leading market for gas sensors in the automotive, infrastructure, consumer electronics, and pharmaceutical industries, with the major demand from China, India, and Japan. The countries of Asia Pacific are witnessing increased demand for gas sensors, and this demand is expected to grow at a significant rate during the forecast period as well. Moreover, the rise in the number of smart city projects in countries such as India and China is also leading to increased demand for gas sensors from these countries. Gas sensors are used in several industries such as automotive, oil & gas, chemical, consumer electronics, etc. the region. Among all these, the adoption of gas sensors is projected to be the highest in the consumer electronics industry. According to GSMA (Groupe Speciale Mobile Association) Intelligence, Asia Pacific has the largest number of smartphone users in the world, and advancements in gas sensing technology are expected to lead to the integration of gas sensors with smartphones, smart bands, and tablets. This, in turn, is expected to fuel the growth of the gas sensors market in the region.

Major vendors in the gas sensor market include Honeywell Analytics (UK), Amphenol (US), Figaro Engineering (Japan), Alphasense Ltd. (UK), Sensirion AG (Switzerland), Dynament Ltd. (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland), and Senseair AB (Sweden), among others.

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

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USA: 1-888-600-6441         

Door and Window Automation Market worth $23.6 billion by 2027

 The report "Door and Window Automation Market by Component (Operators, Sensors & Detectors (Infrared, Proximity, and Microwave), Access Control), Product (Industrial (Sectional, High-Speed, Roller Shutter), Pedestrian Doors (Sliding, Swing)) - Global Forecast to 2027" The global door and window automation market size is estimated to be USD 18.3 billion in 2022 and is projected to reach USD 23.6 billion by 2027, at a CAGR of 5.2%. The increasing demand for automated doors in various industries and rising infrastructure development projects worldwide are responsible for the growth of door and window automation market. Additionally, the installation of automated doors and windows is increasing rapidly in hospitality sector, which is also responsible for the growth of the market.

Access Control Systems is expected to hold the largest growth rate during the forecast period

An access control system is used for security, as it allows access only to authorized persons; however, it can also grant, modify, or deny access at any time. Automated door systems can be combined with access control systems to increase security. The increasing requirement of security at offices, airports, hospitals, and hotels, which, in turn, is driving the growth of the segment.

Pedestrian doors dominated the door and window automation market in 2021

Pedestrian doors are used where there is high pedestrian traffic, such as in hotels, hospitals, office buildings, banks, and airports, to provide optimum safety and security with ease of managing high crowds in commercial buildings. They are ideal for the entrance to homes and offices. The maintenance cost for these doors is low, and hence are highly preferred by the various end-users.

Hotels and restaurants is expected to hold the largest CAGR by 2027

Automated doors installed in hotels and a restaurant minimizes the loss of conditioned air and improves the flow of foot traffic in busy doorways. Guests can use a single remote to control automated windows for ventilation and other security purposes. Automated doors can also be integrated with hotel locking systems to ensure a secure entrance not only to guests but also to other trade partners such as delivery personnel and staff. Pedestrian doors such as sliding and revolving doors are installed in hotels and restaurants to allow easy access to people on wheelchairs, strollers, and persons carrying large parcels. These doors provide hotels and restaurants with better designs and appearance. They are also used to control the high volume of traffic.

The door and window automation market in North America is the dominating region in 2021

North America is one of the leading regions in the door and window automation market. Countries such as the US, Canada, and Mexico play a major role in the North American door and window automation market. The US is one of the major contributors to the growth of the regional market as several key players in the door and window automation market, including Royal Boon Edam International B.V., Honeywell International, and Insteon, have their headquarters in the US, which is expected to create immense market growth opportunities in the coming years.

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Major companies operating in this door and window automation market includes ASSA ABLOY (Sweden), Nabtesco Corporation (Japan), Allegion Plc (Ireland), and dormakaba Group (Switzerland).

 

About MarketsandMarkets™                                                                                                        

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441