Emphasis on Offering (Actuators and Mechanical Systems, Drive, Motors, Motion Controllers, Sensors and Feedback Services, and Software and Services); System (Open-loop System and Closed-loop System); Industry (Aerospace and Defense, Automotive, Metals & Machinery Manufacturing, Healthcare, Semiconductors & Electronics, and Others); and Region/Country
The motion control market was valued at approximately USD 15.82 billion in 2023 and is expected to grow at a strong CAGR of around 5.34% during the forecast period (2024-2032) owing to the increasing demand for automation and energy-efficient solutions across various industries.
Motion control is the mechanism where the movement of machinery is done by using rotatory and linear actuators. It is the sub-field of the automation process, whereby position or velocity machines are being controlled with the help of devices such as electric motors, linear actuators, hydraulic pumps, or a servo motor. Motion control helps an organization to increase its consistency, boost the production level, and offer high speed, and greater accuracy, which leads to cost optimization.
The Motion Control Market is expected to grow at a steady rate of around 5.34%, owing to the growing need for increased manufacturing accuracy and efficiency through more energy usage. Also, the need for collaborative robots (cobots) with built-in motion control systems is growing, mainly because companies seek to gain efficiency to offset labor costs. However, the growing trend towards sustainability and rigorous energy use has boosted the uptake of motion control systems, particularly in the manufacturing process of electric vehicles where most robotic processes require high levels of accuracy.
The adoption of IoT and Smart Systems is one of the major trends in the motion control market. This trend revolutionized the manufacturing process across industries and increased efficiencies in the production line. The integration of these technologies allows us to overcome challenges on time with the help of real-time monitoring and predictive maintenance.
These innovations are enhancing greater efficiency and throughput, lessening downtimes, and improving process control for manufacturers. These emerging technologies of IoT and Smart Systems in controlling motions are in harmony with the changing manufacturing industries called Industry 4.0.
The Asia Pacific region held the majority share of the market in the year 2023 due to various factors such as the region being the emerging manufacturing hub. Factors such as the presence of the largest manufacturing companies due to cheap labor costs, and growing innovation parallelly supported the market growth. Countries such as China, India, Indonesia, and South Korea produce a wide range of vehicle components including battery management systems, drives, and motors. These components require efficient and reliable motors, which consequently drive the motion control market. Government support such as India’s PLI Scheme for automobiles and auto components which comes under the Department of Heavy Industries has boosted the production of machinery, further increasing the adoption of automation and robotics, therefore driving the motion control market. For instance, in 2023, according to the report published by IFR (International Federation of Robotics), a total of 553,052 industrial robot installations will be in factories around the world. Among them, 73% of all newly deployed robots were installed in Asia. This has fueled the demand for motion control in the region and is one of the most important factors for the domination of the global market. Japan is one of the most technologically advanced countries in terms of the automotive industry with the presence number of global automotive players such as Honda, Toyota, Nissan, and others. This will allow manufacturers to install technologically advanced solutions that optimize processes and reduce day-to-day expenses. To achieve this, companies need to install robotics mechanisms or cobots, which drive the motion control market. Moreover, according to the report published by JAMA (Japan Automobile Manufacturers Association, Inc.), with an increase in manufacturing, the country’s automotive shipments reached 63 trillion Yen in 2022, up 11.4% from the previous year. Moreover, the country has increased its exports to 4,422,682 units in 2023. Motor vehicle exports increased in 2023 from the previous year to North America (1.72 million units), Europe (775,100 units), the Middle East (490,000 units), Oceania (469,000 units), and Latin America (277,000 units), but decreased to Asia (575,000 units) and Africa (107,000 units). The increased production and export of vehicles boosted the demand for the market.
The motion control market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are ABB, FANUC CORPORATION, Siemens, Schneider Electric, Rockwell Automation, Parker Hannifin Corporation, Bosch Rexroth Corporation, OMRON Corporation, Mitsubishi Electric Corporation, and STMicroelectronics.
The global motion control market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Motion Control Market Revenue (USD BN), 2022-2032F
7. Market Insights by Offering
8. Market Insights by System
9. Market Insights by Industry
10. Market Insights by Region
11. Value Chain Analysis
12. Competitive Landscape
13. Company Profiled
14. Acronyms & Assumption
15. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the global motion control market were the three major steps undertaken to create and analyze the adoption of motion control in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global motion control market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the motion control market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the motion control market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as offering, system, industry, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the motion control market. Further, we conducted factor analysis using dependent and independent variables such as offering, system, industry, and regions of the motion control market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the motion control market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global motion control market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global motion control market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of offering, system, industry, and regions in the global motion control market.
The current & future market trends of the global motion control market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the motion control market's current market size and growth potential?
Q2: What are the driving factors for the growth of the motion control market?
Q3: Which segment has the largest share of the motion control market by offering?
Q4: What are the emerging technologies and trends in the motion control market?
Q5: Which region will dominate the motion control market?
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Motion Control Market: Current Analysis and Forecast (2024-2032)
Emphasis on Offering (Actuators and Mechanical Systems, Drive, Motors, Motion Controllers, Sensors and Feedback Services, and Software and Services); System (Open-loop System and Closed-loop System); Industry (Aerospace and Defense, Automotive, Metals & Machinery Manufacturing, Healthcare, Semiconductors & Electronics, and Others); and Region/Country
October 25, 2024
