Motion Control Market - Global Size and Analysis by 2030

The motion control market is expected to grow from US$ 15.45 billion in 2022 to US$ 23.27 billion by 2030, estimated at a CAGR of 5.25 % from 2022 to 2030.

Analyst Perspective:

Because of supply chain interruptions and the suspension of production operations caused by social distancing conventions, many corporate players attempt to discover other methods to avoid such problems. In such a situation, implementing automation and artificial intelligence will reduce reliance on human labor, boost productivity, and lessen the chance of plant shutdowns. Automation, combined with other technologies such as conversion and AI, can let enterprises continue production without human supervision.

Industrial communication systems facilitate real-time information and knowledge exchange. Most of the time, local area network standards call for advanced science and cloak extensions that alter communication protocols to organize, prioritize, and synchronize different information exchanges between the controller and the field device network. Due to the increasing growth of industries, including semiconductors, physical science, and medicine, manufacturers have focused on creating new motion controller types that will be quickly adopted based on application, industry, and regional needs. Such instances propelled the demand for the motion control market.

Market Overview:

Motion controllers are physical science things (and, in a rising number of integrated cases, electrical supplies) that drive a package to regulate motions on machine-driven machinery items. This instrumentality aims to direct the exact ordering of the mechanisms on the axes it governs. This means these controllers are intelligent enough to handle electric and hydraulic or gas drives (based on electric motors). A motion control system directs and begins the movement of a load for it to accomplish work. It has accurate speed, position, and torsional control. Applications requiring the synchronized positioning of individual parts, products, or quick starts and stops of movement are examples of how motion control is used. A controller, a motor, and a drive or other electronic device are the three fundamental components of a motion control system. The motion control market may grow due to the manufacturing sector's increasing need for industrial robots. The COVID-19 pandemic has increased the need for digitization, automation, and artificial intelligence (AI) to strengthen the manufacturing sector's resistance to future pandemics.

Disruptions in the supply chain, which in turn result in halting production due to social distancing customs, are several corporate entities seeking new ways to prevent these issues. In this scenario, automation and artificial intelligence implementation can lower dependency on human labor, increase productivity, and decrease the likelihood of plant shutdowns. Automation can enable businesses to continue production without requiring human supervision when combined with other technologies like conversion and artificial intelligence.

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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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Market Driver:

Growing Demand for Industrial Robots in the Manufacturing Sector Drive Growth of the Motion Control Market.

Due to factors including the increasing need for industrial robots in manufacturing and the implementation of machine-controlled processes for factory automation, the motion control market is anticipated to develop over the forecasted period. Nonetheless, the high cost of upkeep and repair could prevent the Motion Control Market from growing over the projected time. In manufacturing facilities, artificial intelligence is being used far more frequently. They are used in assembly, inspection, material handling, and process activities. For appropriate practicality, artificial intelligence makes use of numerous motion control technologies. Industrial robots are in greater demand due to their ability to lower the quality of the production process.

All industrial robots have some motion control, which helps improve their performance, lower their cost, and perform new functions in production processes. Industrial robots can perform various tasks, including grouping, packing, picking, inserting, and palletizing. A motion controller should be attached to a golem controller to achieve such operations. Electronics such as servo motors, DC motors, and motion controls are commonly used to control golem movement. Several pieces are required to stylize the movement system, directly impacting the machine's cost of replacement and maintenance. A spare stock list is more useful for supplementary element styles. Because of their high cost, some motors physically contact the switch.

Segmental Analysis:

Based on type, the motion control market is segmented into open loop and closed loop. The open loop segment held the largest share of the motion control market in 2022. In contrast, the closed loop segment is estimated to register the highest CAGR in the motion control market during the forecast period. The market is segmented into controllers, actuators and mechanical systems, motors, and others based on components. The Controller segment held the largest share of the market in 2022.

In contrast, the actuators segment is estimated to register the highest CAGR in the motion control market during the forecast period. The market is segmented into material handling, packaging, inspection, and others based on application. The material handling segment held the largest share of the motion control market. In contrast, the packaging segment is estimated to register the highest CAGR in the motion control market during the forecast period.

Amidst several industries in the market, the automotive sector is experiencing rapid growth. Performance, structural, durability, component, and other tests in the automobile test system are also conducted using motion control. This is mostly accomplished using parts like controls, actuators, and servo valves. Automobile businesses are experimenting with new technology integrations that could improve production efficiency in this highly competitive environment. Technological advancements like gas and electric automobiles have changed the automotive sector's infrastructure. Additionally, most critical activities in the sector no longer require human operators, thanks to the latest machinery and equipment.

Regional Analysis:

The Asia Pacific motion control market was valued at US$ XXX billion in 2022 and is projected to reach US$ XXX billion by 2030. The motion control market is expected to grow at a CAGR of XXX% during the forecast period. The region's motion control drive market dynamics are fueled by the growing use of automation and robotics in various industries, including manufacturing, automotive, electronics, and logistics.

The need for robotics is rising due to China's and Japan's shrinking workforces. Since 2013, the number of people in China between the ages of 15 and 64 has been decreasing, raising worries about a dwindling labor pool. China's population 65 years of age and above is expected to account for almost 39% of the country's overall population by 2050. China is thus making significant investments in industrial robotics. The International Federation of Robotics reports that China's electrical and electronics industry invested significantly in robots, with installations rising by 30% to 81,600 in 2021. Therefore, increased spending on automation and robotics drives market growth in the Asia Pacific.

To increase energy efficiency and drastically cut expenses, governments worldwide have passed several laws encouraging automation. The Malaysian government, for example, introduced the Industry 4.0 National Policy (Industry4WRD). A budget of over USD 1.2 billion has been set aside to assist companies in implementing Industry 4.0. The Industry Digitalization Transformation Fund, established under the budget, was given USD 720 million to encourage using smart technologies, including automation, robotics, and artificial intelligence (AI). The Business Loan Guarantee Scheme (SJPP) has allotted about USD 480 million for SMEs looking to invest in automation and modernization.

Additionally, Indian Oil Corp (IOC), the nation's top fuel retailer, announced the introduction of the nation's first remote monitoring and motion control system for oil refinery turbines at the end of the second pandemic wave. Professionals from General Electric, BHEL, and Indian Oil collaborated to develop automated anomaly detection based on proactive predictive analytics. The Remote Monitoring and Motion Controlling Center in Hyderabad will be able to continually evaluate the digital Gas Turbine Operational Data received from the 27 gas turbines of the eight Indian Oil refineries around the country thanks to this technology.

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Key Player Analysis:

The motion control market analysis consists of players such as ABB Group, Emerson Electric Co., Estun Automation Co. Ltd., Motion Control Products Limited, Newport Corporation, Parker Hannifin Corporation, Rockwell Automation Inc., Schneider Electric, Siemens AG, and STMicroelectronics.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the motion control market. A few recent motion control market developments are listed below: 

• In February 2022, Siemens introduced a Simatic drive controller for CPUs. This innovative controller saves space by combining a Sinamics S120 drive control with a Simatic S7-1500 controller that offers motion control and safety features for one unit.
• In January 2022, Mitsubishi Electric Automation, Inc. introduced MELSERVO-J5D servo amplifiers, which are utilized for medium- to large-scale servo applications that require multiple drive units capable of controlling regeneration energy.