Motion Control Market: Sales for Metal Cutting Application to Remain High
According to Fact.MR, the global motion control market is expected to represent a value of nearly US$ 25,000 Mn by the end of 2026.
[ClickPress, Wed Jun 12 2019] The motion control market has been assessed at length to conclude definitive workable insights on market performance for the forecast tenure 2017-26. The report is an illustrative handbook of diverse market developments encompassing an overview of quintessential highlights such as macro and microeconomic determinants that maneuver market growth, also lending viable inputs on other concurrent factors that set the course of events for future growth trajectory in motion control market. This report, compiled by Fact.MR, provides in-depth analysis of the global motion control market for the forecast period 2017-2026, and offers key insights about future market direction.
Aimed at achieving flawless productivity and seamless operations, industries are fast embracing novel technological expertise to attain an edge over competition in terms of plant as well as process automation. Industrial automation which essentially is an amalgamation of robots and computers integrated within machinery to limit manual intervention have necessitated adoption of motion control systems. Surged adoption of electronics and electrical equipment on the back of transitioning user preferences, thereby visibly translating growth in motion control market.
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To aptly align with end-user preferences, leading players in motion control market are engaged in offering diversified range of motion control systems to enable effortless synchronization in industrial activities such as stacking, labelling, stacking, and packaging amongst others. Innovations such as smart actuators to speed up multi-functional activities have recently gained ample momentum. These motion control systems allow industries to propel impeccable transit operations in the light of increased trade activities. Factors as such are likely to translate ample growth scope in motion control market in the coming years.
Concurrent progress in end-use industries such as electronics, F&B, and semiconductors have paved way for industrial automation thereby reinforcing growth in motion controllers market. In this line, markets in Europe and Asia-Pacific are likely to outpace other regional belts on the back of flourishing end-use applications.
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.
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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.
Detailed overview of motion control market spectrum presented in the report banks upon a robust research methodology comprising primary and secondary researches that divulge relevant and timely market intelligence figures. Voluminous information recorded in the report with the aid of these research approaches have been meticulously validated by in-house research analysts.
Motion Control Market: Competition Landscape
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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