Motion Control Market Outlook 2031
The global motion control market size was valued at USD 15.75 Billion in 2022 and is projected to reach USD 24.43 Billion by 2031, expanding at a CAGR of around 5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing need for industrial robots in production processes.
A motion control structure is a framework that employs automated procedures to handle multiple building activities such as ventilation, energy management, security, heating, air conditioning, and other systems.
Microprocessors, microcontrollers, microchips, and Sensors are used in motion controls to gather and process important data and manage it in order to regulate the building's autonomous activities.
Prior to the outbreak of COVID-19, motion control devices were in great demand as organizations tried to automate their industrial facilities in order to compete in the market.
However, the market has gained a significant hit in 2020 as a result of the rapid breakout of COVID-19. The COVID-19 pandemic has heightened the need for factory artificial intelligence (AI), digitalization, and automation to boost resilience to future pandemics.
Motion Control Market Trends, Drivers, Restraints, and Opportunities
- Rapid adoption of robots in manufacturing industries is estimated to drive the market during the forecast period.
- Increasing use of advanced and automated procedures in factory automation is projected to fuel the market in the coming years.
- Motion control market is expected to register a significant expansion as a result of the Fourth industrial revolution.
- Rising want for conveyor applications has increased the demand for independently controlled movers and advanced motion technologies, which is expected to boost the market.
- High cost of maintenance and replacement of motion control systems is estimated to hamper the market growth.
- Rising implementation of motion control systems with human–machine interface (HMI) and programmable logic controllers (PLCs) activities are anticipated to create immense opportunities for the market players.
Scope of Motion Control Market Report
The report on the global motion control market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Motion Control Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023 – 2031
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Segmentation
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Applications (Robotics, Packaging & Labelling, Material Handling, Metal Forming, Metal Cutting, and Others), Offerings (Software & Services, Sensors & Feedback Devices, Motion Controllers, Motors, Drives, and Actuators & Mechanical Systems), Industry (Pharmaceuticals & Cosmetics, Printing & Paper, Medical, Food & Beverages, Metals & Machinery Manufacturing, Semiconductor & Electronics, Automotive, Aerospace & Defense, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Novanta Inc.; Altra Industrial Motion Corp.; Robert Bosch GmbH; Mitsubishi Electric Corporation; Yaskawa Electric Corporation; Siemens AG; Rockwell Automation, Inc.; Parker Hannifin Corporation; FANUC Corporation; ABB Ltd.; Emerson Electric Co; Schneider Electric; STM Microelectronics; and Motion Control Corporation.
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Motion Control Market Segment Insights
The metal cutting segment is projected to expand at a high CAGR during the forecast period
Based on applications, the market is segregated into robotics, packaging & labelling, material handling, metal forming, metal cutting, and others. The metal cutting segment is projected to expand at a high CAGR during the forecast period.
Metal cutting is a critical activity in a variety of end-use sectors, including industrial goods production and automotive. Factories are implementing highly automated cutting equipment endowed with advancements such as nanotechnology as the demand for precision-based cutting technology grows.
The drives segment is expected to grow at a rapid pace during the forecast period
On the basis of offerings, the market is fragmented into software & services, sensors and feedback devices, motion controllers, motors, drives, and actuators & mechanical systems. The drives segment is expected to grow at a rapid pace during the forecast period.
For automatic machining systems, drives provide a number of benefits, including improved motion control, speed, and positioning.
Drives allow to regulate the speed of electric motors. Speed control is a great approach to save energy in applications where the load is susceptible to change.
The employment of drives allows for detailed and precise motor control, which boosts machine and equipment production. Manufacturers can adjust the location and speed of machines using drives.
The automotive segment accounted for a major market share in 2021
In terms of industry, the market is divided into pharmaceuticals & cosmetics, printing & paper, medical, food & beverages, metals & machinery manufacturing, semiconductor & electronics, automotive, aerospace & defense, and others.
The automotive segment accounted for a major market share in 2021. Motion control is utilized in the automobile test system for component testing, durability, structural, and performance.
Servo valves, controls, and actuators are commonly utilized for this. Companies in the automobile sector are innovating by incorporating technology that have the potential to improve the production process in today's highly competitive market. The international automotive sector is booming, due to the implementation of new eco-friendly concept vehicles.
Regional Analysis
On the basis of regions, the motion control market share is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period.
The growth of the market in the region is attributed to adoption of customized robots for various applications, as well as significant development in machine tool manufacture.
In Asia Pacific, the most important markets for motion control are India, Japan, and China. The motion control business in these countries has a sizable market and plenty of opportunities for growth.
Segments
The global motion control market has been segmented on the basis of
Applications
- Robotics
- Packaging & Labelling
- Material Handling
- Metal Forming
- Metal Cutting
- Others
Offerings
- Software & Services
- Sensors & Feedback Devices
- Motion Controllers
- Motors
- Drives
- Actuators & Mechanical Systems
Industry
- Pharmaceuticals & Cosmetics
- Printing & Paper
- Medical
- Food & Beverages
- Metals & Machinery Manufacturing
- Semiconductor & Electronics
- Automotive
- Aerospace & Defense
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Novanta Inc.
- Altra Industrial Motion Corp.
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Yaskawa Electric Corporation
- Siemens AG
- Rockwell Automation, Inc.
- Parker Hannifin Corporation
- FANUC Corporation
- ABB Ltd.
- Emerson Electric Co
- Schneider Electric
- STM Microelectronics
- Motion Control Corporation
- Siemens
Competitive Landscape
Key players competing in the motion control market share include Novanta Inc.; Altra Industrial Motion Corp.; Robert Bosch GmbH; Mitsubishi Electric Corporation; Yaskawa Electric Corporation; Siemens AG; Rockwell Automation, Inc.; Parker Hannifin Corporation; FANUC Corporation; ABB Ltd.; Emerson Electric Co; Schneider Electric; STM Microelectronics; and Motion Control Corporation.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
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In January 2022, MELSERVO-J5D servo amplifiers were introduced by Mitsubishi Electric Automation, Inc., which are utilized in medium-to-large servo applications requiring multi drive units that can manage regenerative energy.
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In June 2020, Parker Hannifin has added a completely programmable drive to its Parker Servo Drive (PSD) line of devices.
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