Motion Control Market Seen Soaring 5.34% Growth to Reach USD 25.22 Billion by 2032, Projects Univdatos Market Insights
- Vikas Kumar
- October 25, 2024
- ELECTRONICS & SEMICONDUCTOR, NEWS
- 0 Comments
Key Highlights of the Report:
- The global motion control market is experiencing steady growth, driven by increasing automation across various industries.
- Technological advancements in robotics, AI, and IoT are enhancing the capabilities of motion control systems.
- The electric vehicle (EV) boom is creating new opportunities for motion control applications in manufacturing.
- The Global sales of all vehicles reached 92.72 million units in 2023, increased from 82.87 million units in 2022.
According to a new report by Univdatos Market Insights, the Motion Control Market is expected to reach USD 25.22 billion in 2032 by growing at a CAGR of 5.34%. 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.
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KEY GROWTH DRIVERS:
The motion control market has seen robust growth in the last couple of years due to the improvements in manufacturing processes that are becoming complex, the requirement for accuracy, and the move towards Industry 4.0. The automotive sector, especially the electric vehicle (EV) market, is showing promising growth for motion control technologies. EVs call for very accurate assembly characteristics of parts such as batteries and electric motors; this needs accurate motion control techniques.
In addition, with the use of AI and IoT, best coupled with motion control systems, there is the ability to predict maintenance and real-time control. This is why this convergence has brought forth the ability of manufacturers to hit higher levels of efficiency and lesser downtimes.
Latest Developments
- In April 2024, Siemens launched a new generation of controllers called Simatic S7-1200 G2, as a part of Siemens Xcelerator. By introducing this sense-formed controllers’ series, Siemens is not only extending its product portfolio but is also showing what these most current advancements can bring to its customers in terms of simplification in automation and programming. This is achieved through basic benefits in motion control, ease of implementing safety for any machine, higher performance as well as scalability.
- In June 2024, ABB launched its next-generation robotics control platform called OmniCore. The platform is launched to increase business productivity and flexibility through faster, more precise, and more autonomous automation. The platform is the result of a total investment of USD 170 million, which pushes the industry towards more automation.
- In 2021, Yaskawa Electric Corporation announced the expansion of its motion control product line with the introduction of the Σ-X series of servo motors and amplifiers, aimed at enhancing precision and energy efficiency in industrial automation applications.
Automotive SegmentGaining Maximum Traction in the Market
There is also emerging evidence that the automotive market especially the EV segment is becoming a potential growth engine for the motion control market. The increasing production of EVs boosts the demand for precision equipment because as the level of manufacturing increases worldwide, so does the need for such equipment. For instance, in 2024, according to the report published by the IEA (International Energy Agency), electric car sales in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase. Therefore, the growing sales of electric vehicles contributed to the demand for motion control. Moreover, the manufacturing of battery cells and packs involves precise positioning and delicate interaction with the product, which cannot be affected without high-end motion control.
Furthermore, some of the world’s top automobile producers are keen on enhancing their manufacturing systems through advanced motion control devices. For instance, in June of 2023, Tesla made a huge capital call for robotics and automation in its Gigafactories making a clear social call to motion control in today’s automobile manufacturing.
Explore the Comprehensive Research Overview – https://univdatos.com/report/motion-control-market
Conclusion
The overall market for motion control is set to grow at a gradual pace over time, helped by the progression in technology as well as increased utilization in different industries. The advent of electric vehicles, Smart manufacturing initiatives, and AI & IoT integration are the most recent trends that are opening a new horizon for motion control applications. Further rise in demand for efficiency, precision, and automation across industries has set the stage for the motion control market to become the key driver of manufacturing and industrial development in the days to come.
Key Offerings of the Report
Market Size, Trends, & Forecast by Revenue | 2024−2032
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis of by Offering, System, Industry, and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
