Motion Control Market

Global Motion Control Market Size (2023 to 2028)

The global motion control market size is expected to be worth USD 18.03 Billion in 2023. It is expected to grow at a CAGR of 5.70% during the forecast period and reach a value of USD 23.79 Billion by 2028.

Motion controllers are gaining more application in medical equipment, including prosthetic limbs, rehabilitation tools, and surgical robots. The need for medical equipment is predicted to rise due to the aging population and expanding healthcare infrastructure, presenting new prospects for motion controller makers. Motion was first controlled by straightforward mechanical systems like cams and levers, but as technology developed, more complex electric and hydraulic systems were adopted. Real-time AI and data analytics systems are expected to propel the motion control market in the future. It analyses data with advanced analytics to determine whether a machine, product, component, or energy system is in good health. When data trends differ from the norm, artificial intelligence and data analytics technologies offer useful information to address anomalies.

Global Motion Control Market Drivers:

The motion control market is being primarily influenced by the growing trend of automation and robotics in various sectors. The market continues to increase as businesses expand to modernize their operations using cutting-edge technologies. Development and innovation are also fuelled by the requirement for sophisticated motion controllers that can manage intricate, high-precision, automated activities for more control. Consequently, one of the main factors propelling the market expansion is the shift towards greater automation and robotics across a range of sectors.

The motion control market is moving forward due to developments in motion control technologies like artificial intelligence, machine vision, and sensor technologies. Motion controllers now function with more precision, speed, and adaptability because of these developments, which enhances their usefulness and performance. Motion control is gaining popularity in the gaming industry, particularly in augmented and virtual reality applications, driven by the increasing demand for these technologies.

Expansion in the appropriation of cutting-edge and programmed measures for processing plant computerization is the divisor that drives the extension of the motion control market. The appropriation of the movement framework is expanded thanks to straightforward use and the joining of segments in the motion control frameworks. A rise in the adoption of advanced and automatic processes for factory automation, an increase in demand for industrial robots in manufacturing processes, and the simple use and integration of components within motion control systems are further contributing to the growth of the motion control market. Furthermore, economic Revolution 4.0 provides lucrative opportunities for the expansion of the motion control market.

Global Motion Control Market Restraints:

Costly repair and servicing are limiting the growth rate of the motion control market. The total cost of equipment replacement and maintenance is greatly affected by the numerous components needed to create a motion control system. The supply of spare parts increases in price with the number of component types. Certain motors have to be replaced frequently because they come into actual touch with the commutator. Nevertheless, the advantages of using motion control in automation greatly exceed these drawbacks. Creating affordable and small-scale motion control systems is one of the major challenges of the motion control market. Developing machines that are both affordable and compact is a difficulty faced by OEMs and system integrators. The accessibility of the parts needed to build the machine affects this difficulty. Larger machines have more intricate designs, whereas smaller machines take up more room on a factory floor or laboratory bench. This increases the likelihood that issues will surface during the first setup, take longer to debug, and need to be attended to by field service personnel.

Impact of COVID-19 on the motion control market:

Before the COVID-19 pandemic, motion control products were in high demand as businesses looked to automate their production facilities to compete in the market. The COVID-19 pandemic has heightened the need for automation, digitalization, and artificial intelligence in the manufacturing sector to enhance adaptability against any future pandemics. Despite an increase in demand, the industry witnessed a decrease in growth due to disruptions in the manufacturing network and an interruption of production activities due to social distancing restrictions. The post-COVID-19 need for motion control systems is anticipated to rise due to the widespread adoption of automation with other technological advancements like digitization and artificial intelligence.

REPORT COVERAGE:

This research report on the global motion control market has been segmented and sub-segmented based on the application, industrial vertical, type, technology, components, & region.

Global Motion Control Market - By Application:

• Inspection
• Material Handling
• Packaging

The Inspection segment is anticipated to expand at a higher CAGR during the forecast period. Increased productivity, quicker application development, simpler maintenance, reduced system costs, better dynamics, and stability, markedly improved tension control accuracy, and enhanced precision and repeatability of draw control are among the advantages offered by the inspection segment to the motion control market.

Global Motion Control Market - By Industry Vertical:

• Manufacturing
• Healthcare
• Automotive

The automotive segment is the leading segment in this category, with a significant share of the motion control market. Motion control systems are increasingly utilized in the automotive industry at a faster rate due to the expansion of automated manufacturing. The APAC region has witnessed a growth in the manufacturing of automobiles. The need for motion controllers in the automotive sector is rising as a result of the widespread use of motion controllers in cars for cutting-edge new features.

Global Motion Control Market - By Type:

• Open Loop
• Closed Loop

The closed loop segment witnessed the highest growth under this category of the motion control market. Due to their sensitivity to changes, closed-loop systems are preferred over open-loop systems. There is no input to the controller regarding the condition of the entire system in an open loop system at any given time. Benefits include managing outside variables, producing output that is dependable and stable, adapting to changes and disruptions, and using resources more wisely.

Global Motion Control Market - By Technology:

• Pneumatic
• Electromechanical Actuation
• Hydraulic

The Pneumatic segment is anticipated to grow at the highest CAGR during the forecast period. Pneumatic technology offers high power density, cost-effectiveness, simplicity, durability, and safety in machine applications like industrial automation, assembly lines, packaging, and labeling. It provides precise control of motion for speed, power, and accuracy. Automation systems revolutionized pneumatics by incorporating fieldbus interfaces, I/O, and electro-pneumatic control tools into valve manifolds. This improved the proportional regulator's performance, adaptability, and accuracy. In industrial systems, fieldbus connectivity optimized force and pressure requirements.

Global Motion Control Market - By Components:

• Controller
• Actuators & Mechanical Systems
• Drives
• Motors
• Software

The controller segment is ruling with the largest market share. The foundation of automation, motion control technology, has transformed businesses with developments ranging from incorporated controllers to high-precision servo systems, influencing new trends that will shape the field going forward. Motion control and environmental sustainability are coming together to create opportunities for advanced waste management, renewable energy, and energy-efficient systems. Emerging technologies like quantum computing have the potential to accelerate motion control systems and enable highly advanced quantum robots and never-before-seen processing speeds.

Global Motion Control Market - By Region:

• North America
• Europe
• APAC
• Latin America
• Middle East and Africa

North America's motion control market is anticipated to grow at a higher CAGR during the forecast period. One major factor driving the expansion of the motion control market is the growing need for industrial robots in production operations. Moreover, another aspect bolstering the market's development is the expanding automation systems industry. Another factor driving the growth of the market is the increasing need for motion control in machinery used in the production of iron and steel.

Europe's motion control market is leading with a significant share. Advanced motion control devices are becoming more and more popular due to the growing trend of warehouse automation and the expansion of other trends like edge computing, digital twins, and predictive manufacturing. In December 2023, a multi-ganged 30 to 60-amp disconnect assembly with a slanted top for safety in rough washdown conditions and an adaptable structure for ease of engineering was introduced by Mennekes.

Asia Pacific motion control market is anticipated to have the largest share during the forecast period. The adoption of customized automated machines for several applications, the rapid expansion of machine tool manufacturing, and other sectors like semiconductor machinery and gadgets assembly that are utilized in the manufacturing of smartphones and cars are some of the factors contributing to the rise of goods in Asia Pacific. China, India, and Japan have a prominent share in the motion control market.

The Latin American motion control market is expected to grow in the coming years because China is strengthening security and commercial ties with Latin American nations like Venezuela and Brazil, promoting economic stability, and exporting essential commodities like oil, copper, and soybeans.

Middle East and Africa's motion control market is expected to grow steadily in the coming years. The market is expected to increase further due to the expanding supply of smart facilities and the increasing usage of Industrial IoT (IIoT). Furthermore, there is a growing need for improved safety motion control devices due to the rising trend of warehouse automation and the expansion of technologies like edge computing, digital twins, and predictive manufacturing.

KEY MARKET PLAYERS:

The major players in the motion control market are Moog Inc. (U.S.), Trio Motion (U.S.), Motion Control, Inc. (U.S.), OEMs, Camloc Motion Control Ltd. (U.K.), BCS Motion Inc. (U.S.), Gefran (Italy). ABB (Switzerland), Parker Hannifin Corp (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany)

RECENT HAPPENINGS IN THE MARKET:

• In December 2023, POSITAL introduced a significant update to the 36 mm kit encoder series for motion control applications. The firm introduced new electronics under its NEXTGEN project with improved protection against solid particles, compact size, superior resolution, enhanced packing, and easier installation processes.
• In November 2023, the next generation of TwinCat motion control technology was launched from Beckhoff. It overcomes the shortcomings of previous generations by utilizing the most recent advancements in multi-core and multitasking processing technologies.