Market Scenario:
Motion control is an industrial process which is also defined as servo control or robotics, used in the movement of specific load from one place to another in the controlled fashion. This process is equipped with various hardware equipment’s such as motors, sensors, drives, control units and a software. Growing industrialization and high adoption of automation in the industrial process is driving the market of motion control whereas the high deployment cost and lack of availability of professionals are some of the major restraints of the market. The global market of Motion Control Market is expected to grow at CAGR of 6% during the forecast year and expected to reach at market size of US $22 billion by the end of forecast period.
Key Players
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Segments:
The Global Motion Control Market has been segmented on the basis of technology, components, application and industry. By Technology, market includes- Pneumatic, Hydraulic, and Electromechanical Actuation. By Components, the market has been derived as- Controller, Drives, Motors, and Software among others. Application of motion control includes- Inspection, Material handling, Packaging among others whereas the industry includes- Manufacturing, Healthcare, Automotive, Aerospace & Defense, Oil & Gas, and Robotics among others.
Regional Analysis
Asia-Pacific is dominating the market of Motion Control due to the strong presence of manufacturing companies in China, Japan and South Korea. Growing economy of Asian countries are also playing major role in the development of motion control market. Europe stands as second biggest followed by North America. North America motion control market is majorly driven by the factors such as high consumption of electronic equipment and rich presence of healthcare industry.
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Study Objectives of Motion Control Market:
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