The global motion control market is projected to grow at a compound annual growth rate (CAGR) of 4.81% from 2023 to 2030, driven by industrial automation and the rising demand for robots. According to a new report by Verified Market Research®, the market was valued at USD 15.2 billion in 2022 and is expected to reach USD 23.2 billion by the end of the forecast period.
The motion control market consists of advanced science devices and electrical supplies designed to regulate motion on machine-driven machinery items. These motion controllers possess the intelligence to control electric drives based on electric motors or hydraulic and gas drives. The market’s growth is primarily attributed to the increasing demand for industrial robots in manufacturing processes and the adoption of machine-controlled processes for factory automation. However, challenges related to high replacement and maintenance costs may impact market growth.
One of the key drivers for the motion control market is the rising demand for industrial robots in the manufacturing process. Industrial robots are extensively deployed for various functions such as grouping, packing, picking and inserting, and palletizing, contributing significantly to enhancing manufacturing efficiency.
Furthermore, the growing adoption of machine-controlled processes for factory automation is propelling the demand for motion controllers. These controllers play a crucial role in precisely regulating the ordering of mechanisms on the controlled axes, thereby improving overall process efficiency.
However, one of the major challenges hindering the growth of the motion control market is the high costs associated with the replacement and maintenance of motion controllers. This factor may impact businesses’ investment decisions concerning motion control systems.
Key players in the motion control market include Moog Inc., Yaskawa Electric, Siemens, Schneider Electric, ABB, Rockwell Automation, Parker Hannifin, Mitsubishi Electric, and others. These companies are driving innovation and competitiveness within the industry.
The implementation of artificial intelligence (AI) in manufacturing facilities has witnessed remarkable growth, with AI-powered motion control solutions contributing to enhanced operational efficiency and functionality. The incorporation of various motion control mechanisms in industrial robots has resulted in improved performance, cost reduction, and the ability to perform new functions in manufacturing processes.
It is expected that the motion control market will exhibit substantial growth during the forecast period, driven by the increasing adoption of industrial robots and machine-controlled processes in factory automation. While challenges related to replacement and maintenance costs persist, the integration of artificial intelligence and continuous innovation in motion controllers presents promising opportunities for market expansion. Manufacturers’ efforts to develop tailored solutions will further fuel the market’s growth trajectory.
To obtain comprehensive insights into the motion control market, including market data, market trends, and market challenges, please contact Verified Market Research®. The market research analyses provided by Verified Market Research® will encompass financial statements, product benchmarking, SWOT analysis, key development strategies, market share, and market ranking analysis.
In conclusion, the motion control market is set to grow at a CAGR of 4.81% by 2030, driven by industrial automation and the rising demand for robots. The market’s expansion is attributed to the increasing adoption of industrial robots in the manufacturing process and the growing use of machine-controlled processes for factory automation. While challenges related to replacement and maintenance costs persist, the integration of artificial intelligence and continuous innovation in motion controllers present opportunities for market growth. Key players in the market are driving innovation and competitiveness within the industry.
