Motion Controllers have grown to be an integral part of the automation industry. These devices cater to a dynamic range of applications in multiple end-use industries around the globe. Motion controllers have witnessed significant growth during the past two decade owing to the increased dependence of industries on process and plant automation.
A new informative study titled “Motion Controller Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” has recently been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global motion controller market is projected to grow at 7% CAGR through 2025, and surpass US$ 3 Bn in revenues.
The report offers a detailed analysis on the key factors that are driving the growth of the motion controller market. An assessment on the restraints, opportunities, and threats has also been included in the report.
According to the report, adoption of motion controller is witnessing steady growth on account of broader developments in the industrial sector. Governments around the world are focusing on providing an impetus to the industrial sector, with industrial automation on the rise.
The use of motion controllers in the industrial sector is likely to provide an impetus to growth of the market during the assessment period.
The report segments the global motion controller market on the basis of technology, type of axis, end use, product and region. The technology segment has been further bifurcated into computerized numerical control (CNC) motion controllers and general motion controllers (GMC).
The type of axis segment is divided into single-axis controllers and multi-axis controllers. The end use segment is sub-segmented into pharmaceuticals¸ food and beverages, metal and mining, semiconductor and electronics, automotive, aerospace and defense and others.
By product segment, the global market is categorized as PC-based motion controller, stand-alone motion controller and PLC-based motion controller.
Geographically, the study divides the global market into key regions which are North America, South America, Europe, Asia Pacific and Middle East and Africa. According to the report, Asia Pacific is one of the leading markets for motion controller systems during the assessment period.
The demand for motion controllers in Asia Pacific is likely to remain significant in China and India on account of the strong manufacturing sector in the region. Asia Pacific accounts for nearly 30% revenue share of the market, and it is projected that the market in the region will grow at over 9% CAGR during the assessment period.
Some of the key companies profiled in the report are ABB Ltd, Delta Electronics, Inc., Allied Motion Inc., Fuji electric, National Instruments, Mitsubishi Electric Corporation, Omron Corporation, Schneider electric, Rockwell Automation Inc., Siemens AG, YASKAWA Electric Corporation, Toshiba Corporation and Yokogawa Electric Corp.
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