Motion Control Market by Component (Motors, Motion Controllers, Sensors, Electric drives, AC Drives, Software and Services, and Others); Application (Robotics, Packaging and Labeling, Material Handling, Assembly/Disassembly, Metal Forming, Metal Cutting, and Others); Industry Vertical (Automotive, Aerospace and Defense, Electronics and Semiconductor, Food and Beverages, Oil and Gas, and Others), Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026096 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The motion control market is expected to cross US$ 15.2 Billion mark in 2022 and is projected to hit US$ 22.5 Billion by 2030, recording a CAGR of 5.0% during the forecast period.

Increased Usage of Motion Control by Manufacturing Firms is Contributing Towards the Market Growth

Increasing demand for industrial robots in manufacturing processes is one of the major factors driving the motion control market growth. Adding to this, rising adoption of Industry 4.0 by manufacturing enterprises is likely to provide is growth opportunities for the motion control market.

Within the report, the motion control market is segmented into component, application, industry vertical, and geography. based on component, the motion control market is segmented into motors, motion controllers, sensors, electric drives, ac drives, software and services, and others. On the basis of application, the motion control market is segmented into robotics, packaging and labeling, material handling, assembly/disassembly, metal forming, metal cutting, and others. On the basis of industry vertical, the motion control market is segmented into automotive, aerospace and defense, electronics and semiconductor, food and beverages, oil and gas, and others. Geographically, the motion control market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Automotive Industry is Growing Rapidly due to Emergence of Eco-Friendly Technologies

In the automotive industry, motion control is used for component testing, durability testing, performance testing, structural testing, etc. Components such as actuators, servo valves, and controllers are mainly used for this purpose. Technological innovations like electric and gas-powered vehicles and others ecofriendly technologies lead to infrastructural changes in the automotive industry.

Asia Pacific Region is Anticipated to Grow at a Higher CAGR During the Forecast Period

Few of the major factors contributing towards the growth of motion control market in Asia Pacific are increasing automation activities in various industries, high growth in machine tool production, use of customized robots for different applications, etc. India, China, and Japan are the major marketplaces for motion control in Asia Pacific. These countries have a huge scope for development of motion control industry. Few of the major players operating in Asia Pacific region are OMRON Corporation (Japan), Yaskawa Electric Corporation (Japan), and Mitsubishi Electric Corporation (Japan). The market players are focusing on various business strategies for sustaining the market position in a highly competitive environment. For instance, in May 2021, Delta Electronics launched the AX-308E compact and mid-range PLC motion controllers, based on CODESYS which shortens learning and programming time. 

Recent Strategic Developments in Motion Control Market

The motion control market players have undergone several significant developments, and a few of these have been mentioned below:

  • In February 2022, Siemens launched a Simatic Drive Controller for CPUs, which combines a Simatic S7-1500 controller with motion control technology and safety functionality with a Sinamics S120 drive control in one device, thereby saving space.
  • In January 2022, Mitsubishi Electric Automation, Inc. launched MELSERVO-J5D servo amplifiers, for medium-to-large servo applications in which multiple drive units capable of managing regenerative energy are required.
  • In June 2020, Parker Hannifin launched a fully programmable drive, which is an intelligent standalone servo drive.  It is fully programmable via IEC 61131-3 and has a runtime based on the CODESYS V3.

Several players drive the motion control market by implementing strategic investments, new product launches, mergers & acquisitions, and partnerships. ABB Ltd., Bosch Rexroth AG, Dover Motion, Eaton Corporation, Kollmorgen Corporation, Moog Inc., Parker-Hannifin Corp, Rockwell Automation, Inc., Schneider Electric SE, and Yaskawa Electric Corp are among the prominent players operating in the market.

Target audience for the motion control market report:

  • Raw material providers
  • Motion Control manufacturers
  • Semiconductor component suppliers
  • Motion Control distributors and sales firms
  • End users of motion control

Scope of the motion control market report:

  • Component
    • Motors
      • Brushed
      • Brushless DC Motor
      • Stepper
    • Motion Controllers
    • Sensors
    • Electric drives
    • AC Drives
    • Software and Services
    • Others
  • Application
    • Robotics
    • Packaging and Labeling
    • Material Handling
    • Assembly/Disassembly
    • Metal Forming
    • Metal Cutting
    • Others
  • Industry Vertical
    • Automotive
    • Aerospace and Defense
    • Electronics and Semiconductor
    • Food and Beverages
    • Oil and Gas
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • ABB Ltd.
    • Eaton Corporation
    • Rockwell Automation, Inc.
    • Schneider Electric SE
    • Yaskawa Electric Corp

Companies profiled

- ABB Ltd.

- Eaton Corporation

- Rockwell Automation, Inc.

- Schneider Electric SE

- Yaskawa Electric Corp

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