Global Motion Control Market Trends & Opportunity until 2026
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.
[USPRwire, Mon Jan 07 2019] This research report titled “Global Motion Control Market Trends & Opportunity until 2026” focuses on the Motion Control Market, published to the vast repository managed by FactMR. The analysis focuses on the prime geographical regions based on their market size, revenue and attractiveness factors. Furthermore, the research discusses various segments from the motion control market to examine future lucrativeness and spot growth prospects during 2017-2026. Readers can even access information such as key developments, technologies, innovations, etc., concerned to the Motion Control Market. 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.
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As automating the factory floor is becoming a recent trend in various industries, adoption of the motor control continues to increase. Increasing production of electronics and electronic equipment has continued to contribute towards growth of the global motion motors market during the forecast period. Increasing production of electronic and automotive products has revved up the need for integrating various components. Manufacturers are increasingly adopting the motion control systems in the various industries in order to automate the production process in a cost-effective and faster manner. Adoption of the PC-based controllers and microcontrollers continues to witness significant adoption among the industrial manufacturers globally.
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, manufacturers are focusing on adopting leading technology that incorporated the manufacturing process with the distributed intelligence. Moreover, manufacturers are further focusing on developing the motion controllers that are equipped with the smart actuators that synchronizes and speeds 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 adoption of the motor control systems in the manufacturing industry.
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.
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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.
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.
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.
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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