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The motion controls market size is valued at USD 21.10 billion in 2027 with a CAGR of 5.83% between 2023 and 2027. The motion control market refers to the industry involved in the manufacturing and sales of devices used to control and regulate movement in various applications. The global motion control market is expected to witness steady growth in the coming years, driven by factors such as increased industrial automation and demand for robotics.
Market Size and Growth Forecast
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 12.87 billion |
Market Size (2027) - Forecasted Year | USD 21.10 billion |
Historic Opportunity (2017-2021) | USD 2.24 billion |
Historic CAGR | 4.09 % |
Forecasted Opportunity (2023-2027) | USD 5.20 billion |
Market Opportunity Transformation Growth | 63.94 % |
Market Opportunity Capitalization | USD 7.44 billion |
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Industries such as automotive, aerospace, electronics, and healthcare heavily rely on motion control systems for precise and efficient movement control. Emerging technologies like artificial intelligence and machine learning are being integrated into motion control systems to enhance their performance and capabilities.
The integration of systems with digitization drives is notably driving the growth of the market share. These controllers are moving toward a high level of intelligence and integration with other control system products to enhance accuracy, perform complex operations, and for high performance and speed. They are also equipped with improved and advanced connectivity, which facilitates the transfer of data to supervisory control and data acquisition (SCADA) or other enterprise networks. These controller markets serve a wide spectrum of applications in the industrial sector.
The market that is integrated with digital drives provides significant improvements in a wide range of industrial applications, such as machine tools utilization, packaging and labelling, and semiconductors. These types of ensure the highest levels of dynamic response, smooth performance, and application versatility across industries. The integration of systems with new machinery mainly uses servo motors rather than line shaft drives to ensure faster production changeovers and modular flexibility to handle the latest products and package sizes. Therefore, such factors will boost the market during the forecast period.
The increasing need for compact controllers are emerging market trend. Advancements are usually large and require a lot of space. SMEs and small-scale industries face space restrictions. Therefore, it becomes a very costly affair for these industries to install large components on their premises. Thus, distributed hardware and distributed intelligence have gained traction among SMEs.
In decentralized or distributed hardware, advanced motion controllers and drives are placed next to the motor rather than installed in a climate-controlled cabinet. This not only reduces the pressure on the system architecture, including a centralized PLC but also increases the processing speed of industrial operations. The decentralization of hardware will help reduce the floor space consumed by large control panels and control the heat generated by electronic devices inside centralized panels. Furthermore, some vendors are also trying to increase the processing speed by installing compact multi-axis controllers. Hence, such factors are expected to propel the market growth and trends.
Competitive pricing strategy followed by low-cost Asian manufacturers is a major restraint impeding the market growth. Various Asian countries are characterized by the presence of abundant land and affordable labour and raw materials. This has attracted significant investments in the manufacturing sector. End-users in the region are investing in cost-effective machinery and solutions. Vendors of systems are collaborating with sub-component suppliers that offer economical hardware products in the market. In the past, many low-cost components from China, India, and other countries in APAC were exported to countries in North America and Europe.
However, presently, Asian companies themselves are manufacturing systems at a significantly lower price than those made by their European and American counterparts, partly due to the availability of affordable labor and abundant resources. Hence, several established vendors in the Americas and Europe are unable to consolidate their presence in the growing Asian market. Thus, global vendors need to opt for horizontal integration via mergers and acquisitions to increase their market shares and tap hitherto unexplored territories. Therefore, such factors will continue to be a challenge to the market's growth.
The market share growth by the metal and machinery manufacturing segment will be significant during the forecast period. In metal applications, various types of contouring machines are used, including milling, lathe, gear shapers, grinding, and routing machines. Machine tools are used in the metal industry for applications such as metal cutting, metal forming, and metal welding. The growing demand for machine tools in metal and machinery manufacturing applications mainly arises from the metal automotive and aerospace sector, the increased demand for machine control systems incorporated with machine tools from various application areas, and favorable support of government policies and regulations.
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Over the past few years, the manufacturing industry has witnessed a trend wherein manually controlled machine tools, especially in mid- and small-scale industries, are increasingly being replaced by numerical control (NC) and computer numerical control (CNC) machines, as one of the most important aspects of any product development process is the design that helps give the desired shape to the final product. CNC machines not only adhere to these design specifications efficiently but also help in developing the product with the desired form with maximum accuracy. Also, CNC machines are extremely productive and efficient and enable the incorporation of new technologies.
Advanced systems use programmed commands and computers to ensure increased productivity. In addition, the use of computer-aided design (CAD) and computer-aided manufacturing (CAM) software to design CNC and NC machine components results in machines that ensure high accuracy. Apart from enhancing the quality of the product, NC and CNC machines also reduce time and human efforts. Therefore, the adoption of automation in a company's production or fabrication process results in reduced operational costs and increases its competitive edge. Hence, these are the major factors that will increase the demand for systems for machine tool applications during the forecast period.
Market Segmentation by Technology
Industrial automation applications hold the largest market share in motion control, representing around 58% of the total market revenue. The adoption of systems has led to an average increase in production efficiency by 28% across various industries. Servo motors account for approximately 42% of the market share in the industry. The power-transmission motion industry is characterized by its functions in precise power transmission and precision the constant replacement of traditional components with advanced technologies, the involvement of organizations in addressing industrial complexity, and the integration of feedback devices for enhanced efficiency.
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APAC is estimated to contribute 51% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
The market is expected to witness growth in APAC because of the growing adoption of advancements in technology across industries and an influx of small and medium-sized enterprises (SMEs). Key industrial countries in the region, including China, India, Japan, and South Korea, have recently launched initiatives for an industrial automation revolution. According to the World Robotics 2022 report from the International Federation of Robotics, China is the largest buyer of industrial robots in the world. This is because of various initiatives of the Chinese government, including the Made in China Strategy 2025 and Internet Plus. The Made in China 2025 plan aims to raise the domestic production of industrial robots to 70% by 2025. In addition, China has the biggest manufacturing processes sector in the world. Thus, the demand for smart processes in manufacturing facilities is increasing in China. The steady economic developments in APAC are also affecting the development of industrial automation systems positively, thus boosting the demand for systems in the region during the forecast period.
Adoption rates for automation in material handling equipment are rising in the region. Many Chinese warehouses are implementing material handling equipment, such as robots, to increase their efficiency. Automation in material handling uses motor controls, gearbox, and electronic drive packages that are designed for warehouse shuttle use. Direct drive and geared models are available with the option of adding integrated encoders, electronic brakes, and custom mounting configurations to suit various shuttle automation needs. Thus, the demand for motion control solutions is expected to drive market growth in the region 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.
Key players in the market include companies specializing in motors, drives, controllers, and sensors. We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ABB Ltd., ACS Control Ltd., ADVANCED Controls, Aerotech Inc., Beckhoff Automation GmbH and Co. KG, Delta Computer Systems Inc., Dover Motion, Eaton Corp. Plc, Galil 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. Omron Corporation and Mitsubishi electric corporation.
Technavio 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 report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market trends and analysis from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
191 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.83% |
Market growth 2023-2027 |
USD 5204.11 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.4 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 51% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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,Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our 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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