HOME Top Market Reports Motion Control Market by Component (AC Motors, Motors, Motion Controllers, AC Drives, Electronic Drives), Application (Packaging, Material Handling, Metal Fabrication, Converting, Positioning), Industry, and Geography - Global Forecast to 2022

Motion Control Market by Component (AC Motors, Motors, Motion Controllers, AC Drives, Electronic Drives), Application (Packaging, Material Handling, Metal Fabrication, Converting, Positioning), Industry, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: SE 3666

 

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The use of advanced and automated processes for factory automation, safety-enabled productivity in industries, and increasing demand for industrial robots in manufacturing processes are the key factors driving the growth of the motion control market. The motion control market was valued at USD 15.65 Billion in 2015 and is expected to grow at a CAGR of 5.5% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. The objective of the report is to provide a detailed analysis of the motion control market based on component, application, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the motion control market. The report also provides a detailed overview of the value chain in the motion control market and analyzes the market trends with Porter’s five forces.

The research methodology used to estimate and forecast the motion control market begins with capturing data on key vendor revenue through secondary research such as automation world and MCMA. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the motion control market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure.

Motion Control Market

To know about the assumptions considered for the study, download the pdf brochure

The motion control ecosystem comprises component providers such as Moog Inc. (U.S.), Trio Motion (U.S.), and Motion Control, Inc. (U.S.), OEMs, system integrators, software providers, and distributors such as Camloc Motion Control Ltd. (U.K.), BCS Motion Inc. (U.S.), and Gefran (Italy). The players involved in the development of motion control systems include ABB (Switzerland), Parker Hannifin Corp (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Siemens AG (Germany), among others, as well as associations such as the Institute of Electrical and Electronics Engineers (IEEE) and International Society of Automation (ISA).

Key Target Audience

  • Application providers
  • Automation consultants
  • Automation system integrators
  • Connectivity providers
  • Motion control distributors and providers
  • Platform providers
  • Professional service/solution providers
  • Research organizations and consulting companies
  • Semiconductor product designers and fabricators
  • Technology investors
  • Technology standard organizations, forums, alliances, and associations

“This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

This research report categorizes the motion control market on the basis of component, application, industry, and geography.

Motion Control Market, by Component:

  • Actuators and Mechanical Systems
  • AC Drives
  • Electronic Drives
  • AC Motors
  • Motors
  • Motion Controllers
  • Sensors and Feedback Devices
  • Others

Motion Control Market, by Application:

  • Assembly/Disassembly
  • Converting
  • Inspection/Measuring
  • Material Handling
  • Metal Fabrication
  • Packaging
  • Positioning
  • Slicing, Shearing, and Cutting

Motion Control Market, by Industry:

  • Aerospace and Defense
  • Automotive
  • Semiconductor and Electronics
  • Metal and Machinery Manufacturing
  • Food and Beverages
  • Medical
  • Printing and Paper
  • Furniture and Wood
  • Plastic and Rubber
  • Energy
  • Textile
  • Oil and Gas
  • Others

Motion Control Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Growth Opportunities for the Motion Control Market
    4.2 Motion Control Market, By Component
    4.3 Motion Control Market, By Industry and Geography
    4.4 Motion Control Market, By Application
    4.5 Motion Control Market, By Geography

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Component
           5.2.2 By Application
           5.2.3 By Industry
           5.2.4 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Adoption of Advanced and Automated Processes for Factory Automation
                    5.3.1.2 Safety-Enabled Productivity in Industries
                    5.3.1.3 Increasing Demand for Industrial Robots in Manufacturing Processes
                    5.3.1.4 Ease of Use and Integration of Components Within Motion Control Systems
           5.3.2 Restraint
                    5.3.2.1 High Replacement and Maintenance Cost
           5.3.3 Opportunities
                    5.3.3.1 Industry 4.0 Presents an Opportunity for the Growth of the Motion Control Market
                    5.3.3.2 Integration of Motion Control Systems With PLC and Hmi
           5.3.4 Challenges
                    5.3.4.1 Designing Compact and Cheap Motion Control Systems
                    5.3.4.2 Lack of Skilled Manpower in Automation Field

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants

7 Motion Control Market, By Component (Page No. - 52)
    7.1 Introduction
    7.2 Actuators & Mechanical Systems
    7.3 AC Drives
    7.4 Electric Drives
    7.5 AC Motors
    7.6 Motors
    7.7 Motion Controllers
    7.8 Sensors and Feedback Devices
    7.9 Others

8 Motion Control Market, By Application (Page No. - 66)
    8.1 Introduction
    8.2 Assembly/Disassembly
    8.3 Converting
    8.4 Inspection/Measuring
    8.5 Material Handling
    8.6 Metal Fabrication
    8.7 Packaging
    8.8 Positioning
    8.9 Slicing, Shearing, and Cutting

9 Motion Control Market, By Industry (Page No. - 83)
    9.1 Introduction
    9.2 Aerospace & Defense
           9.2.1 Increasing Trend Toward the Use of Actuators in Aerospace and Defense Industry
    9.3 Automotive
           9.3.1 Use of Motion Control in Full Drive-By-Wire Vehicle is Driving the Market
    9.4 Semiconductor & Electronics
           9.4.1 Use of Robotics in Semiconductor & Electronics Industry Driving the Market for Motion Control Products
    9.5 Metal & Machinery Manufacturing
    9.6 Food & Beverages
    9.7 Medical
           9.7.1 Miniaturisation and Customization of Products Likely to Drive the Motion Control Market in Medical Industry
    9.8 Printing & Paper
    9.9 Furniture & Wood
    9.10 Plastic & Rubber
           9.10.1 Replacing Induction Motors With Servo Motors for Increasing Responsiveness and Cutting Energy Cost
    9.11 Energy
    9.12 Textile
    9.13 Oil and Gas
    9.14 Others

10 Geographical Analysis (Page No. - 111)
     10.1 Introduction
     10.2 North America
             10.2.1 The U.S.
                        10.2.1.1 Increasing Events and Conferences Support the Adoption of Motion Control Systems in the U.S.
                        10.2.1.2 Standards and Regulations Regarding the Use of Motion Control Components Ensure Safety During Manufacturing
             10.2.2 Canada
                        10.2.2.1 Initiatives to Increase the Adoption of Automation in Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 U.K.
             10.3.2 France
             10.3.3 Germany
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 Rest of the World (RoW)

11 Competitive Landscape (Page No. - 130)
     11.1 Overview
     11.2 Market Ranking Analysis: Motion Control Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches and Developments
             11.3.2 Partnerships, Agreements, and Contracts
             11.3.3 Mergers, Acquisitions, and Expansions

12 Company Profiles (Page No. - 136)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Siemens AG
     12.3 Parker-Hannifin Corp
     12.4 ABB
     12.5 Schneider Electric Se
     12.6 Rockwell Automation, Inc.
     12.7 Altra Industrial Motion Corp.
     12.8 Eaton Corporation PLC
     12.9 Mitsubishi Electric Corporation
     12.10 Moog Inc.
     12.11 Yaskawa Electric Corporation
     12.12 Bosch Rexroth AG
     12.13 Dover Motion
     12.14 Kollmorgen

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 169)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (67 Tables)

Table 1 Motion Control Market, 2013–2022
Table 2 Motion Control Market, By Component
Table 3 Motion Control Market, By Application
Table 4 Motion Control Market, By Industry
Table 5 Motion Control Market, By Component, 2016–2022 (USD Billion)
Table 6 Motion Control Market for Actuators and Mechanical Systems, By Industry, 2016–2022 (USD Million)
Table 7 Motion Control Market for AC Drives, By Industry, 2016–2022 (USD Million)
Table 8 Motion Control Market for Electric Drives, By Industry, 2016–2022 (USD Million)
Table 9 Motion Control Market for AC Motors, By Industry, 2016–2022 (USD Million)
Table 10 Motion Control Market for Motors, By Industry, 2016–2022 (USD Million)
Table 11 Motion Control Market for Motion Controllers, By Industry, 2016–2022 (USD Million)
Table 12 Motion Control Market for Sensors and Feedback Devices, By Industry, 2016–2022 (USD Million)
Table 13 Motion Control Market for Other Components, By Industry, 2016–2022 (USD Million)
Table 14 Motion Control Market, By Application, 2016–2022 (USD Billion)
Table 15 Motion Control Market for Aerospace and Defense Industry, By Application, 2016–2022 (USD Million)
Table 16 Motion Control Market for Automotive Industry, By Application, 2016–2022 (USD Million)
Table 17 Motion Control Market for Semiconductor and Electronics Industry, By Application, 2016–2022 (USD Million)
Table 18 Motion Control Market for Metal and Machinery Manufacturing Industry, By Application, 2016–2022 (USD Million)
Table 19 Motion Control Market for Textile Industry, By Application, 2016–2022 (USD Million)
Table 20 Motion Control Market for Oil and Gas Industry, By Application, 2016–2022 (USD Million)
Table 21 Motion Control Market for Medical Industry, By Application, 2016–2022 (USD Million)
Table 22 Motion Control Market for Food and Beverages Industry, By Application, 2016–2022 (USD Million)
Table 23 Motion Control Market for Plastic and Rubber Industry, By Application, 2016–2022 (USD Million)
Table 24 Motion Control Market for Energy Industry, By Application, 2016–2022 (USD Million)
Table 25 Motion Control Market for Printing and Paper Industry, By Application, 2016–2022 (USD Million)
Table 26 Motion Control Market for Furniture and Wood Industry, By Application, 2016–2022 (USD Million)
Table 27 Motion Control Market for Other Industries, By Application, 2016–2022 (USD Million)
Table 28 Motion Control Market, By Industry, 2016–2022 (USD Million)
Table 29 Motion Control Market for Aerospace and Defense, By Component, 2016–2022 (USD Million)
Table 30 Motion Control Market for Aerospace and Defense Industry, By Region, 2016–2022 (USD Million)
Table 31 Motion Control Market for Automotive Industry, By Component, 2016–2022 (USD Million)
Table 32 Motion Control Market for Automotive Industry, By Region, 2016–2022 (USD Million)
Table 33 Motion Control Market for Semiconductor & Electronics Industry, By Component, 2016–2022 (USD Million)
Table 34 Motion Control Market for Semiconductor & Electronics Industry, By Region, 2016–2022 (USD Million)
Table 35 Motion Control Market for Metal and Machinery Manufacturing Industry, By Component, 2016–2022 (USD Million)
Table 36 Motion Control Market for Metal and Machinery Manufacturing Industry, By Region, 2016–2022 (USD Million)
Table 37 Motion Control Market for Food and Beverages Industry, By Component, 2016–2022 (USD Million)
Table 38 Motion Control Market for Food and Beverages Industry, By Region, 2016–2022 (USD Million)
Table 39 Motion Control Market for Medical Industry, By Component, 2016–2022 (USD Million)
Table 40 Motion Control Market for Medical Industry, By Region, 2016–2022 (USD Million)
Table 41 Motion Control Market for Printing & Paper Industry, By Component, 2016–2022 (USD Million)
Table 42 Motion Control Market for Printing & Paper Industry, By Region, 2016–2022 (USD Million)
Table 43 Motion Control Market for Furniture & Wood Industry, By Component, 2016–2022 (USD Million)
Table 44 Motion Control Market for Furniture & Wood Industry, By Region, 2016–2022 (USD Million)
Table 45 Motion Control Market for Plastic & Rubber Industry, By Component, 2016–2022 (USD Million)
Table 46 Motion Control Market for Plastic & Rubber Industry, By Region, 2016–2022 (USD Million)
Table 47 Motion Control Market for Energy Industry, By Component, 2016–2022 (USD Million)
Table 48 Motion Control Market for Energy Industry, By Region, 2016–2022 (USD Million)
Table 49 Motion Control Market for Textile Industry, By Component, 2016–2022 (USD Million)
Table 50 Motion Control Market for Textile Industry, By Region, 2016–2022 (USD Million)
Table 51 Motion Control Market for Oil & Gas Industry, By Component, 2016–2022 (USD Million)
Table 52 Motion Control Market for Oil & Gas Industry, By Region, 2016–2022 (USD Million)
Table 53 Motion Control Market for Other Industries, By Component, 2016–2022 (USD Million)
Table 54 Motion Control Market for Other Industries, By Region, 2016–2022 (USD Million)
Table 55 Motion Control Market, By Region, 2013–2022 (USD Billion)
Table 56 Motion Control Market in North America, By Country, 2013–2022 (USD Billion)
Table 57 Motion Control Market in North America, By Industry, 2013–2022 (USD Million)
Table 58 Motion Control Market in Europe, By Country, 2013–2022 (USD Billion)
Table 59 Motion Control Market in Europe, By Industry, 2013–2022 (USD Million)
Table 60 Motion Control Market in APAC, By Country, 2013–2022 (USD Billion)
Table 61 Motion Control Market in APAC, By Industry, 2013–2022 (USD Million)
Table 62 Motion Control Market in RoW, By Region, 2013–2022 (USD Billion)
Table 63 Motion Control Market in RoW, By Industry, 2013–2022 (USD Million)
Table 64 Ranking of the Key Players in the Motion Control Market, 2015
Table 65 New Product Launches and Developments, 2014–2016
Table 66 Partnerships, Agreements, and Contracts, 2014–2016
Table 67 Mergers, Acquisitions and Expansions, 2014–2016


List of Figures (77 Figures)

Figure 1 Market Segmentation
Figure 2 Motion Control Market: Research Design
Figure 3 Motion Control Market: Bottom-Up Approach
Figure 4 Motion Control Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 Motion Control Market Segmentation
Figure 8 Motion Control Market for Packaging Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Motion Control Market, By Industry (2016 vs 2020): Metal and Machinery Manufacturing Industry Expected to Hold the Largest Size of the Motion Control Market During the Forecast Period
Figure 10 Motion Control Market, By Geography, 2015
Figure 11 Motion Control Market Expected to Have Huge Growth Opportunities in APAC
Figure 12 Market for Motion Controller Expected to Grow at A High CAGR Between 2016 and 2022
Figure 13 Metal & Machinery Manufacturing Industry Expected to Hold the Largest Share of the Motion Control Market in 2016
Figure 14 Packaging Application Expected to Hold A Major Share of the Motion Control Market During the Forecast Period
Figure 15 China Expected to Hold the Largest Share of the Motion Control Market in 2016
Figure 16 Motion Control Market, By Geography
Figure 17 Adoption of Advanced and Automated Processes Expected to Drive the Motion Control Market
Figure 18 Value Chain Analysis: Maximum Value Added During the Manufacturing and Assembly Stage
Figure 19 Motion Control Market: Porter’s Five Forces Analysis, 2016
Figure 20 Bargaining Power of Buyers Expected to Have A High Impact
Figure 21 Impact of Intensity of Competitive Rivalry on the Motion Control Market
Figure 22 Impact of Threat of Substitutes on the Motion Control Market
Figure 23 Impact of Bargaining Power of Buyers on the Motion Control Market
Figure 24 Impact of Bargaining Power of Suppliers on the Motion Control Market
Figure 25 Impact of Threat of New Entrants on the Motion Control Market
Figure 26 Motion Control Market Segmentation, By Component
Figure 27 Motors Segment Anticipated to Hold the Largest Size of the Motion Control Market Between 2016 and 2022
Figure 28 Semiconductor & Electronics Industry to Exhibit High Growth in the Market for Actuators & Mechanical Systems During the Forecast Period
Figure 29 Metal and Machinery Manufacturing Industry to Lead the Motion Control Market for Electronic Drives During the Forecast Period
Figure 30 Metal & Machinery Manufacturing Industry to Dominate the Motion Control Market for Motors Between 2016 and 2022
Figure 31 Motion Control Market Segmentation, By Application
Figure 32 Packaging Application Anticipated to Lead the Motion Control Market Between 2016 and 2022
Figure 33 Functions of Converting Application
Figure 34 Assembly/Disassembly Application Expected to Hold the Largest Size of the Motion Control Market for Semiconductor and Electronics Industry in 2016
Figure 35 Material Handling Application to Exhibit the Highest Growth in the Market for Metal and Machinery Manufacturing Industry Between 2016–2022
Figure 36 Material Handling to Lead in the Motion Control Market for Oil and Gas Industry Between 2016 and 2022
Figure 37 Packaging Application Expected to Lead the Motion Control Market for Food and Beverages Industry During the Forecast Period
Figure 38 Market for Inspection and Measuring Application for Energy Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 39 Motion Control Market Segmentation, By Industry
Figure 40 Metal and Machinery Manufacturing Industry to Hold the Largest Size of the Motion Control Market During the Forecast Period
Figure 41 APAC Expected to Lead the Motion Control Market for Aerospace and Defense Industry Between 2016 and 2022
Figure 42 Market for Motion Controllers for Semiconductor & Electronics Industry to Grow at the Highest Rate Between 2016 and 2022
Figure 43 APAC to Lead the Motion Control Market for Metal and Machinery Manufacturing Industry During the Forecast Period
Figure 44 APAC to Lead the Motion Control Market for Food & Beverages Industry Between 2016 and 2022
Figure 45 APAC to Lead the Motion Control Market for Medical Industry During the Forecast Period
Figure 46 Motors Segment to Hold the Largest Size of the Motion Control Market for Furniture & Wood Industry During the Forecast Period
Figure 47 APAC Expected to Dominate the Motion Control Market for Plastic and Rubber Industry During the Forecast Period
Figure 48 Motors Segment to Hold the Largest Size of the Motion Control Market for Textile Industry Between 2016 and 2022
Figure 49 Motors Segment Expected to Hold the Largest Size of the Motion Control Market for Oil & Gas Industry During the Forecast Period
Figure 50 Motion Control Market, By Geography
Figure 51 Geographic Snapshot: Global Motion Control Market
Figure 52 Motion Control Market Snapshot in North America
Figure 53 U.S. to Lead the North American Motion Control Market Between 2016 and 2022
Figure 54 Metal and Machinery Manufacturing Industry Expected to Lead in Terms of Market Size in North America By 2022
Figure 55 Motion Control Market in Germany Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 56 European Motion Control Market for Semiconductor & Electronics Industry to Grow at the Highest CAGR During the Forecast Period
Figure 57 Motion Control Market Snapshot in APAC
Figure 58 Middle East & Africa Expected to Lead in Terms of Market Size of Motion Control Market in Rest of the World During the Forecast Period
Figure 59 New Product Launches and Developments as the Key Growth Strategy Adopted By the Companies Between 2014 and 2016
Figure 60 Market Evolution Framework: New Product Launches and Developments Fuelled the Growth of the Motion Control Market
Figure 61 Battle for Market Share: New Product Launches and Developments Were the Key Strategies Between 2014 and 2016
Figure 62 Geographic Revenue Mix of Top Five Players (2015)
Figure 63 Siemens AG: Company Snapshot
Figure 64 Siemens AG: SWOT Analysis
Figure 65 Parker-Hannifin Corp: Company Snapshot
Figure 66 Parker-Hannifin Corp: SWOT Analysis
Figure 67 ABB: Company Snapshot
Figure 68 ABB: SWOT Analysis
Figure 69 Schneider Electric SE : Company Snapshot
Figure 70 Schneider Electric SE: SWOT Analysis
Figure 71 Rockwell Automation, Inc.: Company Snapshot
Figure 72 Rockwell Automation Inc.: SWOT Analysis
Figure 73 Altra Industrial Motion Corp.: Company Snapshot
Figure 74 Eaton Corporation PLC: Company Snapshot
Figure 75 Mitsubishi Electric Corp.: Company Snapshot
Figure 76 Moog Inc.: Company Snapshot
Figure 77 Yaskawa Electric Corporation: Company Snapshot

The motion control market is expected to be valued at USD 22.84 Billion by 2022, growing at a CAGR of 5.5% between 2016 and 2022. The growth of this market is propelled by the adoption of advanced and automated processes for factory automation, safety-enabled productivity in industries, increasing demand for industrial robots in manufacturing processes, and ease of use and integration of components within motion control systems.

Motors are expected to hold a large share of the overall motion control market in 2016. In motors, variable-speed drives are used to control speed, torque, position, or acceleration wherever required. Motors find wide application in aircraft, aircraft turbines, compressors and pumps, guided missiles, factory and industrial automation, and other motion control operations. The market for AC motors is expected to grow at the highest rate between 2016 and 2022 as AC motors are used in motion control applications which require high-precision positioning devices such as modern robots, ammonia, and air compressors; motor-generator sets; and continuous rolling mills, along with paper and cement industries.

The packaging application accounted for the largest share of the motion control market. Also, the market for the same is expected to grow at the highest rate during the forecast period. Packaging involves number of applications such as sealing, labeling, case packing, bundling, shrinking wrappers, and indexing tables of products. In labeling, the packages require precise tension and position control which requires motion control technology such as motion controllers and drives. Therefore, motion control systems help not only in improving the throughput but also in reducing the company cost in long run.

The metal and machinery manufacturing industry is expected to dominate the market during the forecast period. Automated systems in this industry focus on optimum performance of the equipment used to perform repetitive tasks. Thus, their accuracy and path-following capabilities provide precise results repeatedly, with greater flexibility than the other dedicated cutting machines with the help of motion control. The market for the semiconductor and electronics industry is expected to grow at the highest rate. Increasing complexity in semiconductor and electronic equipment manufacturing is driving the need for high-tech motors, drives, and motion controllers. Motion control components such as motors, controllers, and drives are important in the manufacturing process since they make automation more efficient which enables companies to launch new products in the market at affordable prices.

Motion Control Market

APAC held the largest share of the overall motion control market and the market for the same is expected to grow at the highest rate during the forecast period. Increased market for high-level automatic equipment for manufacturing industry and increasing demand for high-level medical equipment, automatic textile machinery, and high-precision printing machinery are boosting the adoption of motion control systems in various industries in China, Japan, and India. The support from government is also boosting the adoption of motion control systems in this region.

One of the key restraining factor for the motion control market is high replacement and maintenance cost. The key market players such as Siemens AG (Germany) and Parker Hannifin Corp (U.S.) are focusing on new product launches and developments to enhance their product offerings and expand their business.

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