DUBLIN–(BUSINESS WIRE)–Feb 18, 2021–
The "Global Motion Control Market By System, By Component, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026" report has been added to ResearchAndMarkets.com’s offering.
The Global Motion Control Market size is expected to reach $18.1 billion by 2026, rising at a market growth of 4.2% CAGR during the forecast period.
A motion-control system initiates and also controls the load movement to perform work. This system is able to control the speed, position, and torque in a very precise manner. The motion control is used in those applications that require positioning of a product, synchronizing separate elements, or the quick start and stop of motion. Motion control systems consist of three basic components including a controller, amplifier or drive, and motor. The major factor that is driving the growth of the motion control market is the increasing adoption of advanced processes for factory automation.
In the past few years, there has been increased adoption of a motion control system as it is user-friendly and easy integration of the components in the motion control system. However, the higher cost of maintenance of motion control systems may hamper the growth of the market. Furthermore, the Industrial Revolution 4.0 offers productive growth opportunities for the market players. There are numerous players in the motion control market and they are adopting different growth strategies such as product launch, business acquisition, product development, and business expansion to flourish in the market. For example, in 2018, Rockwell Automation brought an updated version of the Allen-Bradley Motion Analyzer software tool into the market. This updated software gives an optimized experience to users with workflow product selection and intuitive navigation. This in turn helps engineers to design complete motion control systems that work efficiently for their machines.
In the COVID-19 crisis, there is increasing adoption of automation in industrial facilities as it is beneficial in securing the health and safety of the employee. Moreover, high adoption of automated processes in the manufacturing sector, and safety-enabled output in industries owing to strict safety rules posed by governments are some of the factors fueling the market. Over past few years, with the advancement in technology, industrial robots are highly in demand especially in the manufacturing processes as well as integration of IoT in motion control systems is expected to drive the growth of the motion control market.
Companies Profiled
- ABB Group
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Parker-Hannifin Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Omron Corporation
- FANUC Corporation
- Yaskawa Electric Corporation
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2016, Sep – 2020, Dec) Leading Players
Chapter 4. Global Motion Control Market by System
4.1 Global Close Loop Motion Control Market by Region
4.2 Global Open Loop Motion Control Market by Region
Chapter 5. Global Motion Control Market by Component
5.1 Global Motion Control Motors Market by Region
5.2 Global Motion Control Actuators & Mechanical systems Market by Region
5.3 Global Motion Control Motion Controllers Market by Region
5.4 Global Motion Control Sensor & Feedback Devices Market by Region
5.5 Global Motion Control Drives Market by Region
5.6 Global Other Component Motion Control Market by Region
Chapter 6. Global Motion Control Market by End User
6.1 Global Automotive Motion Control Market by Region
6.2 Global Food & Beverage Motion Control Market by Region
6.3 Global Semiconductor & Electronics Motion Control Market by Region
6.4 Global Medical, Pharmaceuticals & Cosmetics Motion Control Market by Region
6.5 Global Metal & Machinery Manufacturing Motion Control Market by Region
6.6 Global Aerospace & Defense Motion Control Market by Region
6.7 Global Others Motion Control Market by Region
Chapter 7. Global Motion Control Market by Region
7.1 North America Motion Control Market
7.2 Europe Motion Control Market
7.3 Asia Pacific Motion Control Market
7.4 LAMEA Motion Control Market
Chapter 8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/7yzzu6
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SOURCE: Research and Markets
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PUB: 02/18/2021 07:38 AM/DISC: 02/18/2021 07:38 AM
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