Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.88 Billion | USD 25.19 Billion | 5.26% | 2023 |
The global motion controller market size was worth around USD 15.88 billion in 2023 and is predicted to grow to around USD 25.19 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.26% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the motion controller market on a global and regional level.
A motion control system is an automated system which facilitates innovative machine functionality. It controls and initiates the movements of a load machine to perform a function. It is capable of precise position, speed, and torque control. The motion control system is widely used in start and stop of working of motion of machine, synchronization of separate elements, efficient positioning of the product, and many more. The system is basically a motor, amplifier or drive, and controller. It assists engineers to enhance the complete motion control of the machines efficiently and easily.
One of the major factors driving the global motion controller market is the growing labor costs along with enhancing the operational efficiency, precision, and throughput to boost the demand for the automated solution of high performance. However, these controllers are the vital and core component of every automated system and work as the brain of these systems. They assist operators to acquire enhanced control over other motors that carry the function of other desired output components like conveyors in a facility. Moreover, there is a significant boost in the adoption of these automated motion control systems to combat and deal with delays and errors caused by human intervention in a manufacturing or production process. Such emerging scenarios are contributing to propel the growth of the global motion controller market.
Moreover, the fast growing urbanization has induced wide-scale industrialization and thus has propelled safety concerns among industrialists pertaining to the safety of the people while handling such machines. The growing government's concentration on the safety of operators has fueled the requirements for high-quality machines and thus boosting the growth of the global motion controller market. The growing investment to make the more advanced controller in the market is also fuelling the growth of the global motion controller market. The growing concentration of prominent market players on developing reliable and fast production techniques to reap maximum return on investments along with high customer satisfaction is further bolstering the growth of the global motion controller market.
The global motion controller market can be segmented into industry, system, components, and region.
By industry, the market can be segmented into printing & paper, medical, pharmaceuticals & cosmetics, metal & machinery manufacturing, aerospace & defense, food & beverage, semiconductor & electronics, automotive, and others. The automotive segment holds domination over others due to the high demand for controllers, servo drivers, and motors for enhancing the efficiency of manufacturing and production facilities.
By system, the market can be segmented into closed and opened loops. The closed-loop segment accounts for the largest share in the global motion controller market. It can be attributed to its ability to improve the stability of the system, increase robustness, and lower the system’s reliability.
By components, the market can be segmented into software & services, sensor & feedback devices, drives, motion controllers, motors, and actuators & mechanical systems.
Report Attributes | Report Details |
---|---|
Report Name | Motion Controller Market |
Market Size in 2023 | USD 15.88 Billion |
Market Forecast in 2032 | USD 25.19 Billion |
Growth Rate | CAGR of 5.26% |
Number of Pages | 193 |
Key Companies Covered | Bosch Rexroth AG, Yokogawa Electric Corporation., YASKAWA Electric Corporation, Toshiba Corporation, Siemens AG, Schneider Electric, Rockwell Automation Inc., Omron Corporation, National Instruments, Mitsubishi Electric Corporation, Fuji Electric, Delta Electronics, Inc., Allied Motion Inc., ABB Ltd, AMETEK Advanced Motion Solution, Estun Automation Co., Ltd., Parker Hannifin Corporation, MKS Instruments Inc., Emerson Electric Co., Motion Control Corporation, STMicroelectronics, Fanuc Corporation, Aerotech, Nanotec, ACS Motion Control, Newport Corporation, Delta Motion, and Emerson Electric Co |
Segments Covered | By industry, By system, By components and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific accounts for the largest share in the global motion controller market owing to the growing industrial activity coupled with the increasing need for accurate and faster drivers & motors to achieve enhanced production output.
North America is expected to witness huge growth due to the growing technological advancements in the region coupled with the growing need for high performance systems.
Some of the significant players in the global motion controller market are:
By Industry
By System
By Components
Global Motion Controller Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
One of the major factors driving the global motion controller market is the growing labor costs along with enhancing the operational efficiency, precision, and throughput to boost the demand for the automated solution of high performance.
Some of the significant players in the global motion controller market are Bosch Rexroth AG, Yokogawa Electric Corporation., YASKAWA Electric Corporation, Toshiba Corporation, Siemens AG, Schneider Electric, and Rockwell Automation Inc.
Asia Pacific accounts for the largest share in the global motion controller market owing to the growing industrial activity coupled with the increasing need for accurate and faster drivers & motors to achieve enhanced production output.
According to study, the Motion Controller Market size was worth around USD 15.88 billion in 2023 and is predicted to grow to around USD 25.19 billion by 2032.
The CAGR value of Motion Controller Market is expected to be around 5.26% during 2024-2032.
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