October 7, 2019 by Amanpreet
Growing need for faster production process of electronic products has led to an upsurge in demand for motion control systems globally. In addition, surge in demand for intelligent technology is expected to impact growth of the global market positively. Fact.MR states that the global motion control market is expected to reflect a CAGR of 5.0% over the forecast period, 2017-2026.
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, motion control market players are adopting leading technology that integrates manufacturing process with distributed intelligence. Moreover, motion control market participants are further focusing on developing motion controllers equipped with smart actuators that synchronize and speed 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 growth of motor control market.
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Product Innovation to Underscore Lucrative Growth Opportunities
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.
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.
Gaming Equipment to Boost Sales
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.
Machinery to Represent a Leading Segment
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.
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. However, the others end user segment is expected to register a healthy CAGR through 2026.
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.
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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Leading market players operating in the global motion control market include Fanuc Corporation, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Inc, Siemens AG, Robert Bosch GmbH, Parker-Hannifin Corp, ABB Ltd Schneider Electric S.E and Moog Inc.
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