According to a recent Fact.MR analysis on the worldwide motion control industry, the market is steadily gaining pace and is predicted to grow at a CAGR of roughly 5% through 2031, reaching a staggering valuation of US$ 30.5 billion and surpassing US$ 25 billion by 2026. Metal cutting applications are expected to maintain their dominance, with a market value exceeding US$ 2 billion by 2031.
The growing desire for speedier electronic product manufacturing processes has resulted in an increase in demand for motion control systems around the world. Furthermore, a surge in demand for intelligent technologies is likely to boost global market growth. Fact. According to MR, the global motion control market is predicted to grow at a CAGR of 5.0 percent from 2021 to 2031.
Key Segments Covered arket Taxonomy
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Component Type
- Motion Controllers
- AC Drives
- AC Servo Motors
- Sensors & Feedback Services
- Actuator & Mechanical Systems
- Others
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End Use
- Food & Beverage
- Plastics & Rubbers
- Electrical & Electronics
- Paper & Printing
- Fabricated Metal Manufacturing
- Packaging & Labelling
- Automotive
- Construction
- Machinery
- Other End Uses
-
Technology Type
- Computer Numerical Control
- General Motion Control
-
Application
- Metal Cutting
- Metal Forming
- Material Handling Equipment
- Robotics
- Semiconductor Machinery
- Rubber & Plastics
- Machinery
- Other Applications
Competitive Environment
The global motion control market is predicted to become more competitive, with competitors focused on establishing a competitive advantage and expanding their market share. To acquire a competitive advantage and grow their consumer base, key market players are investing heavily in the creation and introduction of new products.
Microsoft Corporation announced the release of Pulse Red wireless controllers in January 2021, which can be used on numerous platforms and transition between Xbox consoles, PCs, and Android devices without having to redo the setup process. Multiple devices are remembered by the controller, allowing for quick and seamless switching between previously connected devices.
Performance Motion Devices, Inc. (PMD) introduced the ION/CME N-Series Digital Drives in April 2021, which are new members of the ION Digital Drive family that enable high-performance motion control, network connectivity, and amplification.
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