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.
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.
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.
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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Demand for stacking, bottling, labelling, packaging and laser cutting increase, manufacturers are focusing on adopting motion controllers equipped with the smart actuators. With the increasing adoption of motion controllers equipped with smart actuators enables automated and convenient production process of the automotive and electronic products. The motion controllers also witness significant demand for the production of gaming equipment. Growing need for the handheld hardware controllers and movement sensors in the gaming products has led to an upsurge in adoption of the gaming and motion controllers significantly.
Incorporation of gaming controllers equipped with cutting-edge technology enables the end user to control and interact with the graphic user interface. Moreover, manufacturers are increasingly equipping the gaming products with cameras in the consoles, which senses the movement of the end users. These factors are expected to contribute towards growth of the global motion control market during the forecast period.
Motion Control Market: Competition Landscape
Major players in the global market of motion control market are YASKAWA Electric Corporation, Fanuc Corporation, Rockwell Automation, Inc, Mitsubishi Electric Corporation, Robert Bosch GmbH, Siemens AG, ABB Ltd Schneider Electric S.E, Moog Inc. and Parker-Hannifin Corp.
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