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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