Rockville, MD, Oct. 22, 2024 (GLOBE NEWSWIRE) -- The global motion control market is predicted to touch US$ 35.52 billion by 2033, advancing at 5.1% CAGR from 2023 to 2033, as per the latest industry analysis by Fact.MR, a market research and competitive intelligence provider.
The market is expanding steadily as a result of numerous major factors. Automation and industrialization are in high demand across many industries. Companies are looking for ways to increase their manufacturing operations' productivity, efficiency, and quality. Motion control systems provide precise positioning, speed control, and machinery synchronization, allowing industries to automate activities and optimize production lines.
Developments in motion control technologies, such as motor design, sensor technology, and control algorithms, have broadened the application possibilities and enhanced the appeal of motion control systems. These technical improvements have increased the performance, dependability, and integration capabilities of motion control systems, resulting in their widespread acceptance in industries around the world.
Integration of motion control systems with emerging technologies like the Industrial Internet of Things (IIoT) and Industry 4.0 is contributing to market expansion. Industries can acquire and analyze data, enable predictive maintenance, and accomplish real-time monitoring and control by linking motion control systems to networks. This integration enables streamlined operations, increased efficiency, and less downtime.
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Key Takeaways from Market Study:
- The global motion control market amounted to US$ 21.60 billion in 2023.
- Worldwide demand for motion control systems is anticipated to rise at a CAGR of 5.1% over the next ten years.
- The global market is set to garner US$ 35.52 billion by 2033.
- The Chinese market is expected to reach US$ 7.74 billion by 2033.
- Demand for AC servo motors is estimated to expand at a CAGR of 5.8% during the study period.
“Motion control systems are becoming more popular as the demand for automation and industrialization grows across industries. Companies are seeking ways to increase efficiency, productivity, and quality in their production processes, which has led to a growth in the use of motion control systems. Furthermore, expanding industries in emerging economies and favourable government measures to boost automation are driving market expansion,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Motion Control Market:
The global motion control market players are Siemens AG, ABB Group, Schneider Electric, Rockwell Automation Inc, STM Microelectronics, Eaton Corp. Plc, Galil Motion Control, Kollmorgen Corp., Mitsubishi Electric Corp., Moog Inc.
Regional Analysis:
Asia Pacific, particularly China, India, and South Korea, is witnessing significant growth in the global motion control market. In China, rapid industrialization, government support for automation, and a thriving manufacturing sector are driving the demand for motion control systems.
Renowned for its technological prowess, Japan is a major market in the region. The country's advanced manufacturing capabilities, particularly in the automotive and electronics sectors, necessitate precise motion control, leading to increased adoption of motion control systems. Moreover, South Korea, with its strong presence in the electronics and robotics industries, also contributing to market growth.
Overall, the Asia Pacific region, including China, Japan, and South Korea, is a key driver of the global motion control market, fueled by industrial growth, technological advancements, and the increasing adoption of automation in various sectors.
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Motion Control Industry News:
- In January 2022, Moen introduced the Smart Faucet, which features cutting-edge motion control technology for completely touchless operation. With the innovative touchless technology in the next-generation Smart Faucet with motion control, users may regulate the water flow and temperature with only a few hand gestures.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global motion control market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
The study divulges essential insights on the market based on component type (motion controllers, AC drives, AC servo motors, sensors & feedback services, actuators & mechanical systems), end use (food & beverages, aerospace & defense, automotive, semiconductor & electronics, metals & machinery manufacturing, medical, printing & paper), and application (metal cutting, metal forming, material handling equipment, semiconductor machinery, packaging & labelling, robotics), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
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