Motion Control Market SWOT Analysis by 2031
The motion control market size is projected to reach US$ 24.58 billion by 2031 from US$ 16.26 billion in 2023. The market is expected to register a CAGR of 5.3 % in 2023–2031. The growing integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is likely to remain a key motion control market trend.
Motion Control Market Analysis
Systems for industrial communication enable the interchange of knowledge and information in real-time. In most cases, advanced science and cloak additions are required by local area network standards to modify communication protocols in order to prioritize, arrange, and synchronize various information exchanges between the controller and the field device network. Manufacturers are laser-focused on developing novel motion controller types that will be swiftly accepted depending on application, industry, and regional needs. These industries include semiconductors, physical science, and medicine. Such incidents fueled the market's demand for motion control.
Motion Control Market Overview
Motion controllers are physical science components that drive a package to control motions on machine-driven equipment items. They also, in an increasing number of integrated applications, supply electricity. The precise arrangement of the mechanisms on the axes it controls is intended to be guided by this instrumentality. This indicates that these controllers (which are based on electric motors) have the intelligence to manage gas, hydraulic, and electric drives. A motion control system directs and begins the movement of a load for it to complete work. It can control its torsional, position, and speed precisely. Motion control is utilized in applications that call for the synchronized positioning of specific parts or goods, as well as for rapid starts and pauses of movement. The three are a motor, a controller, and a drive or other electronic device.
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Motion Control Market: Strategic Insights
Market Size Value in US$ 15.45 billion in 2022 Market Size Value by US$ 23.27 billion by 2030 Growth rate CAGR of 5.25 % from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Motion Control Market: Strategic Insights
| Market Size Value in | US$ 15.45 billion in 2022 |
| Market Size Value by | US$ 23.27 billion by 2030 |
| Growth rate | CAGR of 5.25 % from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Motion Control Market Drivers and Opportunities
Growing demand for industrial robots in the manufacturing industry
The motion control market is expected to grow over the projected period due to factors such as the growing requirement for industrial robots in production and the adoption of machine-controlled procedures to automate factories. However, the high maintenance and repair costs can hinder the Motion Control Market's growth beyond the anticipated period. Artificial intelligence is being employed more and more in manufacturing plants. They are employed in processes, material handling, assembly, and inspection. Artificial intelligence uses a variety of motion control technologies for optimum practicality. The increased demand for industrial robots can be attributed to their capacity to reduce production process quality.
The growing deployment of integrated communication systems across industries
The growing deployment of integrated communication systems across industries is creating opportunities for motion control system manufacturers, as they are presenting new variants of motion controllers that can meet the industry, region, and application-specific requirements proficiently in fast-growing industries, such as electronics, semiconductors, and medical devices. Thus, the growing deployment of integrated communication systems across industries is anticipated to present new opportunities for the motion control market players during the forecast period.
Motion Control Market Report Segmentation Analysis
Key segments that contributed to the derivation of the motion control market analysis are type, component, and application.
- Based on the type, the motion control market is segmented into open loop and closed loop.
- By component, the market is segmented into controllers, actuators and mechanical systems, motors, and others.
- By application, the market is segmented into material handling, packaging, inspection, and others.
Motion Control Market Share Analysis by Geography
The geographic scope of the motion control market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, APAC accounted for the largest motion control market share. The diminishing workforces in China and Japan are driving up demand for robotics. There have been fewer individuals in China between the ages of 15 and 64 since 2013, which has led to concerns about a shrinking labor pool. By 2050, the proportion of China's population 65 years of age and older is predicted to be close to 39% of the total population. Consequently, the APAC market is growing as a result of rising investments in automation and robotics.
Motion Control Market Report Scope
Motion Control Market News and Recent Developments
The motion control market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
- In August 2023, NEC Corporation, a wholly-owned subsidiary of NEC Corporation, launched the latest Smart City project in Tirupati for Tirupati Smart City Corporation Limited. (Source: NEC Corporation, Press Release)
- In June 2021, Yaskawa Electric Corporation announced a new solution concept called “i³-Mechatronics” in 2017, which adds digital data management to existing automation solutions in order to realize “revolutionary industrial automation” as set forth in its long-term business plan “Vision 2031,”. It launched the industry’s first “YRM-X (ten) controller, ” which synchronizes various data of cells composing devices or industrial robots, etc., at high speed, in real-time, and in chronological order for integrated motion control.
(Source: Yaskawa Electric Corporation, Press Release)
Motion Control Market Report Coverage and Deliverables
The “Motion Control Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Component, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global motion control market is expected to reach US$ 24.58 billion by 2031.
The key players holding majority shares in the global motion control market are ABB Ltd., Bosch Rexroth AG, Dover Motion, Eaton Corporation, and Kollmorgen Corporation.
The growing integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is anticipated to play a significant role in the global motion control market in the coming years.
Increasing demand for industrial robots in the manufacturing sector and The growing deployment of integrated communication systems across industries are the major factors that propel the global motion control market.
The global motion control market was estimated to be US$ 16.26 billion in 2023 and is expected to grow at a CAGR of 5.3 % during the forecast period 2023 - 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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