Motion Control Market Study Offering Deep Insight Related to Growth Trends until 2026

Posted on 2019-10-07 by Mark Hub in Automotive // 0 Comments

Automotive Human Machine Interface Market

Growing need for faster production process of electronic products has led to an upsurge in demand for motion control systems globally. In addition, surge in demand for intelligent technology is expected to impact growth of the global market positively. Fact.MR states that the global motion control market is expected to reflect a CAGR of 5.0% over the forecast period, 2017-2026.

Factors Fuelling Global Market Growth

Growth of the global motion control systems market is mainly bound to various macro-economic and micro-economic factors. Increasing production of the electronic products will continue to rev up demand for the motion control systems in various industries. As manufacturing process of electronics and automotive products require accuracy and precision while controlling various parts of the manufacturing machines, manufacturers are increasingly adopting leading technology that offering distributed intelligence. Moreover, adoption of smart motion controllers has led to low cost of production and faster manufacturing process. Surge in demand for cost-effective technique and speedy process of manufacturing is projected to impact growth of the global market positively.

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Demand for stacking, bottling, labelling, packaging and laser cutting increase, manufacturers are focusing on adopting motion controllers equipped with the smart actuators. With the increasing adoption of motion controllers equipped with smart actuators enables automated and convenient production process of the automotive and electronic products. The motion controllers also witness significant demand for the production of gaming equipment. Growing need for the handheld hardware controllers and movement sensors in the gaming products has led to an upsurge in adoption of the gaming and motion controllers significantly. Incorporation of gaming controllers equipped with cutting-edge technology enables the end user to control and interact with the graphic user interface. Moreover, manufacturers are increasingly equipping the gaming products with cameras in the consoles, which senses the movement of the end users. These factors are expected to contribute towards growth of the global motion control market during the forecast period.

A trend recently witnessed in range of end use industries is the increasing adoption of the collaborative robotics that are equipped with smart actuators. As the need for conveyor application arises, adoption of the independently controlled motion systems and leading motion technology continues to witness a robust demand. With the increasing adoption of the motion controllers that are equipped with intelligent motion technology alerts the end users with respect to the status of the manufacturing process and loading, and mechanical changes during the production process. Such factors are expected to impact growth of the global motion control market significantly.

Sales for Metal Cutting Application to Remain High

As the requirement for accuracy and precision during the manufacturing process increases, demand for AC servo components are projected to remain high. In terms of revenue, the AC servo component type segment is projected to represent significant revenue growth, representing more than US$ 2,400 Mn by 2026-end. In contrary, the others component type segment is projected to reflect a robust CAGR throughout the forecast period. By 2026-end, computer numerical control technology will outsell the general motion control technology, recording more than US$ 3,900 Mn.

Market Taxonomy

Region	Component Types	End User	Application	Technology Type
North America	Motion Controllers	Food & Beverage	Metal Cutting	Computer Numerical Control
Latin America	AC Drives	Plastics & Rubbers	Metal Forming	General Motion Control
Europe	AC Servo Motors	Electrical & Electronics	Material Handling Equipment
Japan	Sensors & Feedback Services	Paper & Printing	Robotics
APEJ	Actuator & Mechanical Systems	Fabricated Metal Manufacturing	Semiconductor Machinery
MEA	Others	Packaging & Labelling	Rubber & Plastics Machinery
		Automotive	Others
		Construction
		Machinery
		Others

Demand for the ready-made graphical user interface enables the end users to tune the control and programming process conveniently. As the requirement for bottling, packaging, stacking, laser cutting and labelling increases, motion control market players are adopting leading technology that integrates manufacturing process with distributed intelligence. Moreover, motion control market participants are further focusing on developing motion controllers equipped with smart actuators that synchronize and speed up the production process. Growing need for quick transportation of the heavy components and equipment during the production process has led to an upsurge in growth of motor control market.

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Product Innovation to Underscore Lucrative Growth Opportunities

Growing need for simplified designing process is expected to rev up sales of the motion control systems during the forecast period. As it is a cost effective option, manufacturers continue to witness significant demand for the motion control systems in the global market. Adoption of the motion control system also enables the manufacturing industries to reduce cost of employing laborers for the production process. Equipped with intelligent technology, adoption of the motion control systems simplify the process of operating the machines.

A recent trend witnessed in various industries is increasing adoption of collaborative robotics equipped with smart actuators. Growing need for conveyor application has led to surge in demand for advanced motion technology and independently controlled movers. Adoption of advanced motion technology allows the alerts the operators regarding the status of production process, detect the mechanical changes and load during the manufacturing process. These factors will continue to boost growth of the global motion control market during the forecast period.

Gaming Equipment to Boost Sales

Surge in demand for gaming products has led to increasing production of various gaming equipment. Adoption of gaming controllers in various gaming equipment to detect is expected to sales of the motion control systems significantly. Motion-controlled gaming system enables the end users to interact with the user interface through the body movement. Moreover, the gaming products are mainly equipped with handheld hardware controllers and a camera in the console, which tracks the movement of the end user. Increasing production of the handheld hardware controllers and gaming equipment such as PS3 is expected to rev up demand for the motion control systems in the electronic industry. Bound to these factors, the global motion control market is expected to witness significant growth during the forecast period.

Machinery to Represent a Leading Segment

Growing need for precise control of the linear or angular position has led to an upsurge in demand for the AC servo components globally. On the basis of component type, the AC servo segment is expected to represent a significant revenue growth, accounting for a value of over US$ 2,400 Mn by the end of 2026. On the other hand, the others component type segment is expected to register the highest CAGR throughout the forecast period.

Based on end users, the machinery segment is expected to generate significant revenues, recording a value of over US$ 1,300 Mn by the end of 2017. However, the others end user segment is expected to register a healthy CAGR through 2026.

By application, the metal cutting segment is expected to represent the highest revenue growth, accounting for a value of over US$ 1,700 Mn by the end of 2026. In contrary, the robotics application segment is expected to register a robust CAGR during the forecast period.

On the basis of technology, the computer numerical control segment is expected to represent a robust revenue growth, recording a value of over US$ 3,900 Mn by the end of 2026. Moreover, the computer numerical control technology segment is expected to register a significant CAGR throughout the forecast period.

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Competition Tracking

Leading market players operating in the global motion control market include Fanuc Corporation, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Inc, Siemens AG, Robert Bosch GmbH, Parker-Hannifin Corp, ABB Ltd Schneider Electric S.E and Moog Inc.

About Fact.MR

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