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The motion control market size is forecast to increase by USD 5.69 billion, at a CAGR of 6.03% between 2023 and 2028. Market expansion relies on multiple factors, notably the integration of motion control systems with digital drives. This technological synergy optimizes efficiency and precision in various industries, driving demand. Additionally, the proliferation of fulfillment centers addresses the escalating need for streamlined logistics and faster deliveries, enhancing overall customer satisfaction. Another crucial aspect is the progressive automation of processing plants using high-pressure processing equipment, reducing manual labor and improving productivity. These advancements collectively drive motion control market growth, offering businesses competitive advantages and opportunities for innovation.
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The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The metal and machinery manufacturing segment is estimated to witness significant growth during the forecast period. The market encompasses the use of electronic drives in various industries, including warehouse automation, food and beverage, metals, electricals, medical devices, and semiconductors. Key technologies driving growth are digitalization, AI, and edge computing. These systems include step motors and servo motors, utilized in compressor stations, renewable energy, and manufacturing applications. Advantages of these systems include simple speed control, high efficiency, self-starting capacity, and easy electric braking. In the context of industrial automation, these systems enable precise target positions and trajectories through control algorithms.
The metal and machinery manufacturing segment was the largest segment and valued at USD 7.03 billion in 2018. Moreover, resource utilization, waste reduction, and production downtime minimization are essential benefits. Safety, remote monitoring, real-time data analysis, and decision-making are crucial aspects of self-organizing factories and autonomous decision-making in digital enterprises. These systems are integral to industrial robots and manual controls, with closed-loop and open-loop systems used in metal cutting applications. Renewable energy sources, such as solar and wind power, are increasingly integrated with these systems in the cloud for optimal resource utilization and real-time data analysis. Hence, these are the major factors that will increase the demand for these systems for machine tool applications during the forecast period.
Based on the product, the market has been segmented into electronic devices, actuators, AC drives, motion controllers, and others. The electronic devices segment will account for the largest share of this segment. The market encompasses the use of electronic drives in various industries, including warehouse automation, food and beverage, metals, electricals, medical devices, and semiconductors. Key technologies driving growth are digitalization, AI, and edge computing. These systems include step motors and servo motors, utilized in compressor stations, renewable energy, and manufacturing applications. Advantages of these systems include simple speed control, high efficiency, self-starting capacity, and easy electric braking. In the context of industrial automation, these systems enable precise target positions and trajectories through control algorithms. Hence, these are the major factors that will increase the demand for these systems for machine tool applications during the forecast period.
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APAC is estimated to contribute 53% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in Asia Pacific (APAC) is driven by advancements in industries like food and beverage, automotive, electronics and semiconductors, and machine tools. Key countries include China, South Korea, Japan, India, Thailand, Malaysia, and Australia. In the packaging and labeling sector, rising per capita consumption of convenience foods is a significant driver. The unorganized sector, particularly SMEs, dominates the food and beverage industry in several APAC countries.
Moreover, artificial intelligence (AI) and digitalization are transforming motion control systems. Warehouse automation utilizes digital twins, edge computing, and AI for efficient resource utilization and waste reduction. Step motors and servo motors are essential components of systems, while safety remains a priority. Compressor stations and renewable energy sources like solar and wind power are integrated into these systems. Cloud technology and motion controllers enable real-time data analysis for autonomous decision-making in self-organizing factories. Target positions and trajectories are managed using control algorithms, minimizing production downtime and enhancing worker safety. Remote monitoring and real-time data analysis facilitate efficient decision-making in digital enterprises. Industrial robots employ closed-loop and open-loop systems for precise motion control in metal cutting applications. Hence, such factors are driving motion control market growth in APAC during the forecast period.
The market encompasses various automation solutions, including motion control systems, machinery, and robotic systems. These systems utilize sensors and feedback for position control, ensuring energy-efficient production in factories. The integration of Industrial IoT (IIoT) in these systems enables connected machines, robotics, and artificial intelligence (AI) for optimized control algorithms. Warehouse automation is another significant application of motion control technology, focusing on resource utilization, waste reduction, and minimizing production downtime. These systems play a crucial role in ensuring worker safety by enabling remote monitoring and self-organizing factories. Energy-efficient motors, drives, and motion control solutions are essential components of smart factories, contributing to overall market growth. The adoption of this technology in various industries, including manufacturing, automotive, and healthcare, is expected to drive market expansion. In conclusion, the market is witnessing significant growth due to the increasing demand for automation, energy efficiency, and advanced control systems in various industries. The integration of IIoT, AI, and sensors is transforming motion control systems, enabling optimized production, improved resource utilization, and enhanced worker safety.
Motion control systems in the industrial sector are advancing with automation, integrating intelligence and communication with other control systems. These smart systems are used extensively in machinery such as electrical discharge machines, laser cutting machines, and coil winding machines. Robotic systems with sensors and advanced communication protocols are key components of modern factories and factory automation.
Moreover, energy-efficient solutions, including servo drives and variable frequency drives, enhance precision, speed, and energy efficiency in manufacturing plants. With the advent of Industrial Revolution 4.0 and Information technology, real-time communication between manufacturing companies and automated equipment is essential. Connected machines through Industrial IoT (IIoT) facilitate data transfer for process control and evaluation, reducing replacement expenses and downtime. Applications include dosage formulations, robotics in the automotive sector, e-commerce, logistics, and position controls. Therefore, such factors will boost the market during the forecast period.
The Industrial Revolution 4.0, fueled by information technology, has led to the widespread adoption of automation in manufacturing. These systems, including servo drives and variable frequency drives, are essential components of automated machinery and robotic systems. Sensors and feedback play a crucial role in real-time communication and position controls. Smart factories leverage advanced motion controls, energy-efficient solutions, and communication protocols to optimize production and reduce replacement expenses.
Moreover, modern technologies, such as IoT (Industrial Internet of Things) and connected machines, enable factories to monitor machinery in real-time, enhancing precision, speed, and energy efficiency. Manufacturing companies across industries, including automotive, e-commerce, logistics, and pharmaceuticals, are integrating into these systems to streamline operations and minimize downtime due to heavy maintenance and servicing. Therefore, such factors will boost the market during the forecast period.
In today's business landscape, the need for advanced motion control systems is increasingly important for machinery and robotic systems in factories and plants. Automation is a key driver in this market, with smart factories and energy-efficient solutions becoming the norm. However, upgrading motion control systems can be costly and time-consuming, making it a challenge for small and medium-sized enterprises (SMEs). These systems are essential for precision, speed, and energy efficiency in various industries, including manufacturing, automotive, e-commerce, and logistics.
Moreover, these systems are computerized and controlled by central systems, making real-time communication and sensor feedback crucial. Heavy maintenance and servicing are necessary for these systems, but downtime due to component breakdowns can be costly. Advanced motion controls, such as servo drives and variable frequency drives, are essential for position controls and energy efficiency. Therefore, such factors will continue to be a challenge to the market's growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Beckhoff Automation GmbH and Co: The company offers motion control products such as TwinCAT 3 NC PTP 10 Axes, TwinCAT 3 NC PTP Axes Pack 25, and TwinCAT 3 NC PTP Axes Pack unlimited.
We also have detailed analyses of the market's competitive landscape and offer information on 20 market companies, including ADVANCED Motion Controls, Aerotech Inc., Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp., Moog Inc., Nanotec Electronic GmbH and Co. KG, OMRON Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp.
Technavio's motion control market forecast report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market is a significant sector in the automation industry, driven by the increasing demand for automation in various industries. These systems enable precise control of machinery and equipment, leading to improved efficiency and productivity. The market is expected to grow at a steady pace due to the rising adoption of automation in manufacturing, healthcare, and other sectors. Motion control systems consist of various components such as actuators, controllers, sensors, and drives. The actuators convert electrical energy into mechanical energy, while controllers manage the motion of the actuators. Sensors provide feedback to the system, enabling it to adjust the motion accordingly. This can also be seen in the power transmission motion control systems.
Moreover, these drives convert electrical energy into mechanical energy to move the load. The market is driven by factors such as the increasing demand for automation, the need for precision and accuracy in manufacturing processes, and the growing trend towards Industry 4.0 and the Internet of Things (IoT). Additionally, the increasing adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in these systems is expected to drive market growth. In conclusion, the market is a growing sector in the automation industry, driven by the increasing demand for automation and the need for precision and accuracy in various industries. The market is expected to grow steadily due to the adoption of advanced technologies and the trend towards Industry 4.0 and IoT.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.03% |
Market growth 2024-2028 |
USD 5.69 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.59 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 53% |
Key countries |
China, US, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks, Motion Control Market Industry Report |
Key companies profiled |
ABB Ltd., ACS Motion Control Ltd., ADVANCED Motion Controls, Aerotech Inc., Beckhoff Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp., Moog Inc., Nanotec Electronic GmbH and Co. KG, OMRON Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp. |
Market dynamics |
Parent market analysis, Motion control market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Motion control market worth and condition analysis for forecast period, Market growth analysis. |
Customization purview |
If our motion control market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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