Motion Control Market 2019 Key Trends, Opportunities and Sales Revenue
Posted by Akash Sangshetti on October 18th, 2019
Motion Control Global Market - Overview
Motion control is gaining a healthy momentum in various industrial processes owing to the rise of industrial automation. A recent study conducted by Market Research Future (MRFR) finds that the global market for motion control will surge at a CAGR of 7.09% during the forecast period (2018-2023). Motion control technology is a combination of gesture responsive systems consisting of hardware, software, motion controllers, and sensors among others. Equipment that support motion control are witnessing a rapid boom owing to their endless benefits. They are also allowing manufacturers to reach desired performance levels.
Industrial automation allows manufacturers to divert manual resource where its more needed. Moreover, it enables businesses to achieve higher economies of scales. Such factors are making a positive impact on the motion control market. Motion control is viewed as a prominent spike in the big wheel of automation. Motion control robots are being increasingly deployed in modern manufacturing facilities, they are used for tasks such as packaging, inspection and material handling. Integration of programmable logic control (PLC) and human machine interface (HMI) is likely to improve factory automation process in the coming years. In addition, these advancements will provide the advantage of PC based control to the motion control devices which includes flash memory to store the program, RAM storage, battery backup, remote control & monitoring, and reduction in the operational cost.
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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.
Motion Control Global Market - Segmentation
The motion control market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Motion Control Global Market - Regional Analysis
North America is dominating the global Motion control market with the largest market share due to the high consumption of electronic equipment and rich presence of healthcare industry, which is gaining demand in Motion control market in these region, and is expected to gain growth by 2022. Global Motion control market in European market is expected to grow at a substantial high CAGR during 2016 to 2022. The Asia Pacific market for Motion control market is expected to grow at a considerable CAGR (2016-2022) due to strong presence of manufacturing companies in China, Japan and South Korea.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 Market Structure
2.4 List Of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Forecast Model
4 Market Dynamics
4.2.1 Rising Adoption Of Industrial Robots In Manufacturing Industries
4.2.2 Increasing Awareness Of Advanced And Automated Process For Factory Component
4.3.1 High Replacement And Maintenance Cost
4.4.1 Integration With PLC And HMI Devices
4.5 Porter’s Five Forces Model
4.5.1 Threat Of New Entrants
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About the AuthorAkash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322
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